Ahasolar Wins Consultancy Contract for 52 MW Solar Project from BPCL
Ahasolar Technologies was awarded the consultancy contract for setting up a 52 MW solar power project at Prayagraj, Uttar Pradesh, by Bharat Petroleum Corporation (BPCL). The company quoted ₹5.1 million (~$61,168) to win the ten-month contract. BPCL had floated the tender for the project in February. The company plans to power three of its refineries […]
Read MoreREIL Invites Bids for 200,000 Mono PERC Solar Cells
Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the state of Rajasthan, has invited bids for the supply of 200,000 Mono PERC solar cells with 5.50Wp power output. The last date for submitting bids is May 1, 2024. Bids will be opened on the same day. The estimated […]
Read MoreDaily News Wrap-Up: MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM
The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 4,104 MW of new solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 41,333 MW. Premier Energies accounted for 1,320 MW of the newly added capacity, while Grew Energy contributed 1,150 […]
Read MoreMNRE Adds 4.1 GW of New Solar Module Capacity to ALMM
The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 4,104 MW of new solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 41,333 MW. Premier Energies accounted for 1,320 MW of the newly added capacity, while Grew Energy contributed 1,150 […]
Read MoreAutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch
AutoNxt Automation, a Maharashtra-based e-mobility tech startup, has raised funds in a Pre-Series A funding round to finance the launch of its first electric tractor with self-driving options. The funding round was led by Saama, an India-based early-stage venture capital firm. Amit Singhal, former Head of Google’s search division, Suveer Sinha, India Head for KKR […]
Read MoreDaily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24
Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year 2023-24, a year-over-year (YoY) increase of 33.66%, and disbursements reaching ₹1.61 trillion (~$19.34 billion), reflecting a 66.72% growth. A significant portion of the total approved loans, amounting to ₹1.37 trillion (~$16.46 billion), accounted for the […]
Read MoreEU to Probe Chinese Wind Turbine Suppliers for Unfair Trade Practices
Days after announcing an investigation into Chinese solar firms allegedly benefiting from state subsidies to win contracts in Europe, the European Commission is launching a probe into Chinese suppliers of wind turbines. As in the case of two solar firms winning contracts in Romania, the investigation into Chinese wind turbine suppliers is being conducted under […]
Read MoreREC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24
Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24, a year-over-year (YoY) increase of 33.66%, and disbursements reaching ₹1.61 trillion (~$19.34 billion), reflecting a 66.72% growth. A significant portion of the total approved loans, amounting to ₹1.37 trillion (~$16.46 billion), accounted for the […]
Read MoreSJVN Green Forms JV with Assam DISCOM to Develop Renewable Projects
SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, has signed a joint venture and shareholders agreement with Assam Power Distribution Company (APDCL) to execute renewable energy projects/parks within the APDCL or SJVN jurisdiction areas and on a pan-India basis. SGEL will hold 51% of the ownership of the new JV company, while APDCL […]
Read MoreEU, India Invite Expressions of Interest for Battery Recycling Collaboration
The European Union and India have announced a matchmaking platform to foster collaboration among startups working towards battery recycling technologies for electric vehicles (EV) in both countries. Expressions of Interest have been invited (EoI) for a matchmaking event between European and Indian Small and Medium-sized Enterprises (SMEs) and startups in the sector. The EoIs have […]
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