July 22, 2024
Ohmium Launches PEM Electrolyzer Gigafactory in Bengaluru

Ohmium International, a provider of green hydrogen solutions, has launched a gigafactory in Doddaballapura, near Bengaluru. The facility, spanning 14,000 square meters, will produce 2 GW of Proton Exchange Membrane (PEM) electrolyzers annually, with plans to expand production capacity to 4 GW. Ohmium’s India subsidiary had been chosen as the preferred partner by NTPC Renewable […]

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July 22, 2024
RTC Renewable Products Must be Redesigned to Meet Demand Curve: Economic Survey

In its Economic Survey 2023-2024 presented to the Parliament by Finance Minister Nirmala Sitaraman, the Union Government has said round-the-clock (RTC) renewable energy products designed for the present demand pattern may have to be revised as such projects face several deployment challenges. RTC supply aims to match the buyer’s energy demand curve through renewable energy […]

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July 22, 2024
BluPine Secures ₹4.36 Billion for a 120 MW Solar Project in Gujarat

Renewable energy company BluPine Energy has secured ₹4.36 billion ($52.85 million) in financing from the State Bank of India for its 120 MW solar project in Panshina and Radhanpur in Gujarat. The electricity generated from this project will be supplied to Gujarat Urja Vikas Nigam (GUVNL) under a power purchase agreement for 25 years from […]

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July 22, 2024
Creating a Supportive Policy Environment for Renewable Energy Deployment

Facilitating the widespread adoption of renewable energy requires a coordinated effort between state and central agencies. Equally important is establishing a policy regime that leaves no room for ambiguities for project developers, manufacturers, and end-users alike. Policies conducive to all segments of the clean energy sector is a must for India to achieve the goal […]

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July 22, 2024
First Solar Opens Plant for Thin Film and Tandem PV Modules in Ohio

U.S.-based photovoltaic (PV) module manufacturer First Solar has commissioned a new 1.3 million square feet research and development facility in Lake Township, Ohio. The Jim Nolan Center for Solar Innovation features a high-tech pilot manufacturing line capable of producing full-sized prototypes of thin film and tandem PV modules. The facility is expected to accelerate innovation cycles […]

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July 22, 2024
Current Renewable Energy Growth Rate Falls Short of 2030 Target: IRENA

The International Renewable Energy Agency (IRENA) has released a new report saying the world must achieve a minimum annual growth rate of 16.4% in renewable energy installations to triple capacity by 2030, a target set at COP28 in the UAE. IRENA Director-General Francesco La Camera stressed that while renewable energy outperforms fossil fuels, the current […]

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July 22, 2024
MNRE to Incentivize Local Bodies for Residential Rooftop Solar Installations

The Ministry of New and Renewable Energy (MNRE) has allocated ₹10 billion (~$119.5 million) to incentivize Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs) to actively promote and facilitate the adoption of residential rooftop solar systems under the PM Surya Ghar: Muft Bijli Yojana. The PM Surya Ghar: Muft Bijli Yojana, approved in February […]

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July 19, 2024
GUVNL Invites Bids to Procure Power from 500 MW Wind Projects

Gujarat Urja Vikas Nigam (GUVNL) has issued a request for selection (RfS) from developers to purchase power from 500 MW grid-connected wind power projects in India (Phase VII) with an additional greenshoe option of 500 MW. Bids can be placed for a minimum of 10 MW for intra-state projects and 50 MW for inter-state projects. […]

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July 19, 2024
Made-to-Order: The Future of Hybrid Power Projects

India’s renewable energy projects have evolved from standalone solar and wind installations to highly customized hybrid power projects, often incorporating energy storage solutions. Power distribution companies are now analyzing demand patterns and requesting that renewable energy producers specifically address peak demand and deliver firm dispatchable power 24/7 with additional customization based on each state or […]

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July 19, 2024
Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by Finance Minister Nirmala Sitharaman on July 23. Stakeholders in the solar and other clean energy sectors have a long wishlist from the Budget for the industry […]

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