Author: Ayush Verma

The Indian Solar Standalone Product Market Projected to Reach Rs 26,178 Mn by 2023

The unveiling of a report, titled- ‘Peering into the future – India and the solar standalone products market’ by GOGLA, at the IDEF event, steer the discussions to the future of the distributed solar market in India, business opportunities, impact and innovations. GOGLA, together with International Finance Corporation, and Ashden India Collective, opened the conference […]

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Surat Municipal First to Use Solar Energy For Water Distribution

According to sources, out of the total 6 MW of solar power plants, 4 MW is dedicated for water supply management. Surat has become the first city in India to not be dependant on electricity distributors for powering its water supply network. The Surat Municipal Corporation (SMC) is utilising solar power sourced from the city’s […]

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GE Expands Renewable Energy Portfolio

The proposed moves will enable GE Renewable Energy to drive more local and integrated solutions, simplify its structure, and improve performance. GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company’s renewable and grid assets into a single, simplified Renewable Energy business. GE […]

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Cab Aggregators Urged to Launch Electric Taxis in Gujarat

Gujarat government has asked cab companies to launch electric taxi’s in the state, to align with the states planned EV push and new electric vehicle policy. The Gujarat Government has asked cab aggregators the likes of Uber and Ola to launch electric taxis in the state. As the government plans for a big push for […]

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European Companies Set Record For Wind Power Deals

European companies bought a record amount of wind power last year, as businesses looked for greener ways to drive their machinery and data centres. As wind power becomes competitive on price with conventional energy in many countries, big companies have rushed to secure renewable energy to manage costs and reduce their carbon emissions, while boosting their image with […]

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AfDB Approves $25 Mn Fund For Renewable Energy Projects in Africa

The Fund’s strategy is to prioritize projects with a clear timeline to financial close, with emphasis on de-risking early stage greenfield projects. The African Development Bank Group (AfDB) has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy […]

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UAE’s Yellow Door Energy Raises $65 Million

The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar and energy efficiency solutions into new markets. Yellow Door Energy, a UAE-based leading solar developer, announced that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions […]

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Samsung’s Bengaluru R&D Centre Switches to Solar Energy

Through ‘energy wheeling’, the solar farm adds the required power to the state electricity grid and SRI-B in turn, receives an equal amount of power from the local electricity grid. Samsung’s R&D centre in Bengaluru (SRI-B) has switched to solar power to light up its campus situated in the country’s IT capital. The campus which […]

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Government Lowers Import Duty on EV Components

The Central Board of Indirect Taxes and Customs (CBIC) has carved out a separate category for parts and components of an electric vehicle for which customs duty has been lowered to 10-15 percent. To promote domestic assembling of electric vehicles, the government has lowered customs duty on import of parts and components of such vehicles […]

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