Solar Plant

Policy emphasis on local equipment, existing RE customer base key push for the decision, says Devansh Jain

Solar solutions provider Ecozen is planning to raise USD 75 million (about Rs 620 crore) to fuel its expansion plan in the domestic and international markets, a company official said. Pune-based Ecozen provides cold storage solutions using clean energy. "We are considering raising a private investment of around USD 75 million to fuel growth, partnerships, and customer financing," Ecozen CEO Devendra Gupta said. The amount raised will be used to expand the company's production facility, enhance product lines, and increase market presence in India and abroad, he said. Gupta said Ecozen has a production facility of 1 lakh sq ft and the company is exploring to diversify into new product ranges across different sectors. "In retail, we've launched advanced freezer solutions, and in the mobility sector, we are leveraging our expertise in motor controllers and battery analytics tools to enhance electric vehicle efficiency and support fleet management. We are also exploring retrofitting ..

The public offering aligns with Prime Minister Narendra Modi's goal to boost renewable energy production to 500 gigawatts by the end of the decade

Leading glass maker Borosil has urged the government to impose anti-dumping duty on Chinese solar glass to provide a level playing field to the domestic players, else the Indian industry will "die". Chinese makers are exporting solar glass into India at a price which is "much below" their cost of production, alleged Borosil Renewables Vice Chairman Shreevar Kheruka. These glasses are mainly used in the manufacturing of solar panels and are crucial for India's quest for growth in renewable energy. Painting a grim picture of the industry due to the alleged dumping, Borosil Renewables Vice Chairman Shreevar Kheruka said that the price at which the Chinese are selling their solar glasses in India is even lower than the prices of raw material, power and fuel expenses. The cost of Chinese solar glasses is heavily subsidised by their government and that ranges between 35 to 55 per cent of the cost of the product, Kheruka claimed. If the Indian government does not impose anti-dumping duty

Solar rooftop systems of 48 MW will be installed on various government buildings in Gujarat in the current financial year for which Rs 177 crore have been allocated, the state government said on Sunday. To tap into Gujarat's solar energy potential, the state Climate Change Department is actively installing such systems on government buildings, it said. "By March 2024, a total of 3,023 solar rooftop systems, generating a combined capacity of 56.8 MW, have been set up across various government departments in the state," the government said in a release. "To advance this initiative, a 48 MW solar rooftop system will be installed on government buildings throughout the state this year. The state government has allocated Rs 177.4 crore to support the project," it said. In 2023-24, Gujarat generated a total of 24,765.3 million units (MU) of renewable energy, including 9,637 MU from solar, 14,201 MU from wind, 885.325 MU from hydro, 69 MU from small hydro, and 42 MU from biomass and bagass

Steel maker Rudra Global Infra Products on Friday said the company will invest around Rs 190 crore to set up a 30 megawatt captive solar project in Gujarat. The solar plant is scheduled to commence operations by January 2025, the company said in a statement. "The first phase of the project entails a capital expenditure of Rs 190 crore, with 80 per cent of the funding secured through financial institutions over a five-year tenure. The remaining 20 per cent will be invested by the company," the statement said. The clean power generated will be primarily utilized to meet the energy requirements of the company's existing billet and TMT bar manufacturing operations. This initiative is expected to increase the capacity utilization of the SMS (steel melting shop) division from the current 33 per cent to 50 per cent. With the project, the company aims to produce 1 lakh tonne of billets and 2.1 lakh tonne of TMT bars annually. "By harnessing solar energy, we aim to significantly reduce our

Joshi noted that solar energy capacity has expanded dramatically from 2.82 GW in March 2014 to 85.47 GW by June 2024, marking an increase of approximately 30 times

The world's largest solar panel maker outside China spoke about the challenges and opportunities facing the industry

The uptick in share price came after the company announced that it has completed the installation of a 35 MW DC capacity solar plant worth Rs 138 crore at Maharashtra

Bhilai Steel Plant (BSP) has decided to install solar power generation systems on the rooftops of various buildings in its plant premises and township in Bhilai. The flagship unit of the country's largest steel maker Steel Authority of India Limited (SAIL), BSP, has recently signed a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project within the unit's premises, a statement issued by the plant management said on Wednesday. The proposed plan shall generate about 2 MW of electricity, it said. Besides, a project of rooftop solar energy systems installation on residences and offices in the township is also underway, which has the potential to generate about 3 MW of electricity, it said. Upon completion, the two projects shall lead to a reduction in as much as 2,900 tonnes of Carbon Dioxide emission every year, thereby helping in environment conservation, it said. On May 9 this year, a Power Purchase

The first solar project of NSPCL will open avenues of green energy portfolio for NSPCL while helping SAIL in green steel production

Indosol Solar Private Limited (ISPL) is an SPV formed by Shirdi Sai Electricals Limited (SSEL), which is a Telangana-based power equipment manufacturer

Microsoft expects its partnership with Brookfield to help finance the creation of renewable electricity projects to be built between 2026 and 2030

The latest move comes as UP is targeting 22,000 Mw of solar energy generation in 4-5 years

Adani Green Energy on Wednesday said it has operationalized a 180-MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), Adani Green Energy Ltd (AGEL), India's largest renewable energy company, said in a statement. With the successful commissioning of this plant, AGEL's operational solar portfolio has increased to 6,243 MW, and the total operational renewable generation capacity to 9,784 MW, the largest in India, the statement added. The 180-MW solar plant in Rajasthan will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissions. Next-generation bifacial solar PV modules and horizontal single-axis solar trackers (HSAT) have been deployed to maximise generation through better efficiency of modules and tracking the sun throughout the day. The plant is equipped with waterless robotic mod

Renewable energy player BluPine Energy on Monday said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 megawatts of solar capacity power assets are spread across Uttarakhand, Punjab, and Karnataka and augment its total renewable capacity to 2.4 gigawatts, BluPine Energy said in a statement. Neerav Nanavaty, CEO of BluPine Energy, said, "The renewable energy sector in India continues to witness remarkable growth. We have high-quality solar assets in our portfolio, further solidifying our commitment to driving positive change in India's energy sector." BluPine Energy is a leading renewable energy services company established in India by Actis, a global investor and leader in funding and building sustainable infrastructure companies. With an investment of USD 800 million from Actis' Energy Fund 5, BluPine Energy is dedicated to developing a renewable energy portfolio of over 4 GW in India. The company did not disclose the deal value.

Torrent Power on Friday said it has received a Letter of Award (LoA) from the Railway Energy Management Company Ltd (REMCL) for a grid-connected round the clock renewable power project. The project shall be commissioned within 24 months from the signing of the Power Purchase Agreement (PPA), Torrent Power said in a statement. "The project cost is approximately Rs 2,700 crore for installing about 325 MW of renewable capacity for supply of 100 MW RE-RTC power. The tender requires to maintain minimum annual capacity utilisation factor of 75 per cent in the first 3 years and 85 per cent from fourth year onwards," Torrent Power said. The 325 MW of renewable capacity includes wind, solar, and battery storage, the company said. The project has been secured at tariff of Rs 4.25/Kwh for a period of 25 years.

Waaree Renewable Technologies on Monday said it has bagged a order worth Rs 547.5 crore for 412 MWp solar energy project. The company's unexecuted order book now stands at 1.161GW, according to a BSE filing. The Waaree Renewable Technologies has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) work for Solar power plant on turnkey basis with an order value of Rs 547.5 crore, it stated. The LOA also includes operations and maintenance for a period of two years from the date of hand over, with an order value of Rs 6.798 crore. The projects are scheduled to be completed in December, 2024 as per the term of the order. The company also stated that the order is awarded by one of the global leading biggest utility in the world in renewable energy. However, it did not specify the name of the firm. But it has disclosed to the BSE that it is a domestic order.

Interim Budget proposal will save up Rs 18,000 annually for households, says Nirmala Sitharaman

US-based First Solar said it has invested USD 700 million in setting up India's first integrated solar manufacturing plant in Tamil Nadu that was inaugurated on Thursday. The facility, which has an annual capacity of 3.3 gigawatts (GW), is located in Tamil Nadu. It will produce the 'company's series 7' Photovoltaic (PV) solar modules for the Indian market. The facility has provided a direct employment opportunity to around 1,000 people, according to a statement. Tamil Nadu's Minister for Industries, Promotions and Commerce TRB Rajaa was the chief guest at the plant's inaugural ceremony that was also attended by the United States Ambassador to India Eric Garcetti and Chief Executive Officer of the US International Development Finance Corporation (DFC) Scott Nathan. The factory sets a high bar for sustainability and advanced manufacturing and has created high-value jobs in the state. It will support India's ambition to become self-sufficient in solar technology, Rajaa said. Garcetti