Ministry Says GENCOs Can Sell Surplus Power in the Market
The Ministry of Power has clarified that power stations must always be available and ready to dispatch power according to the Tariff Policy 2016. Power generators can sell surplus power in the power market to best use unutilized generation capacity. The clarification, sent to energy departments of all states and generating companies, comes amid concerns […]
Read MoreNTPC REL Tenders BoS Package for 1.1 GW Wind Project in Karnataka
NTPC Renewable Energy has invited bids to supply the balance of system (BoS) package for 1.1 GW inter-state transmission system (ISTS)-connected wind power projects in Bijapur, Karnataka (Tranche II). The scope of work includes design, engineering, micro-siting, manufacturing, supply, erection, testing, commissioning, and proving the guaranteed performance parameters to install 3 MW and above wind projects […]
Read MoreSeven Companies in Race for 10 GWh Advanced Chemistry Cells Capacity Under PLI
The Ministry of Heavy Industries’ (MHI) tender to select manufacturers for Advanced Chemistry Cells (ACC) under the Production Linked Incentive (PLI) program has garnered bids seven times more than the 10 GWh capacity to be awarded. The bidders are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries (Gensol Group), JSW Neo Energy, […]
Read MoreSJVN Green Floats BoS Tender for 400 MW Solar Projects in Maharashtra
SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, has rolled out a tender for the supply and installation of Balance of System (BoS) packages, including power evacuation infrastructure and comprehensive operation and maintenance (O&M) services for three years for 400 MW of solar photovoltaic power projects across four locations in Maharashtra. The last date […]
Read MoreSECI Invites Bids for 25 MW Solar Project with 50 MWh Storage in Ladakh
Solar Energy Corporation of India (SECI) has invited bids for the design, engineering, supply, construction, erection, testing, commissioning, and operation and maintenance (O&M) of a 25 MW solar power project with a 20 MW/50 MWh battery energy storage system at Taru, Leh, UT of Ladakh, India. The last date for the submission of bids is […]
Read MoreMaxeon Files Patent Infringement Claims Against Three Solar Module Makers
Maxeon Solar Technologies, a Singapore-based solar solutions provider, has filed infringement claims against Canadian Solar, REC Solar, and Hanwha for violating three patents relating to the TOPCon (tunnel oxide passivated contact) technology it holds. It has alleged that the three companies were manufacturing, importing, and selling N-type solar panels using TOPCon cells. In lawsuits filed […]
Read MoreDaily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1
The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised in 42 deals during the same period in 2023. However, there was a 47% increase in funding compared to Q4 2023, which saw $5.5 billion raised in […]
Read MoreIREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop
Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter (Q4) of the financial year (FY) 2024 to ₹373.76 million (~$4.4 million) from ₹256.16 million (~$3.07 million). The profit growth was primarily driven by the consistent growth in the company’s loan […]
Read MoreEV Logistics Firm BluWheelz Raises $1 Million in Bridge Funding
BluWheelz, a tech-enabled logistics firm with an electric vehicle (EV) fleet, received $1 million in a bridge funding round led by Venture Catalysts, an integrated incubator. The other participants in the investment round included FAAD, LetsVenture, and Chakra Growth Fund. The company expects to utilize the funds to expand its EV-fleet offerings for logistics across […]
Read MoreSolar Module Manufacturer Premier Energies Files DRHP for ₹15 Billion IPO
Telangana-based solar cell and module manufacturer Premier Energies has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise over ₹15 billion (~$179.91 million) through an initial public offering (IPO). The IPO would consist of a fresh issue of equity shares with a face value of ₹1 (~$0.012) aggregating up to ₹15 […]
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