Author: Chitrika Grover

JSW Steel USA Plans To Invests 110 Mn To Upgrade Offshore Wind Projects

JSW Steel USA, a subsidiary of JSW Steel Ltd., plans to invest US $110 million in steel plate mill modernization projects with sustainable technology and equipment. The company plans to invest in its manufacturing facilities in Baytown, Texas. These investments are expected to enable the production of high-quality monopile steel plates to support the US […]

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Blockbuster Listing For GP Eco Solutions, EPCs Dragged Down By High Valuations

On a day when a new green energy listing, GP Eco Solutions listed at a 318% to its issue price, the broader basket of green energy stocks could not quite replicate the same performance. While Shakti Pump continued its incredible run with another lock at the upper circuit (5%), Borosil Renewables rose 3.83% and Suzlon […]

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90% Solar Manufacturing Is Concentrated In 5 Developing Countries, Says Report

A recent report by REN21 found solar manufacturing to be concentrated geographically in just five countries, which are estimated to produce more than 90% of the global capacity for producing solar modules. These countries are namely reported to be, China which leads with around 80% of overall solar PV manufacturing capacity, followed by Vietnam, India, […]

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L&T Wins 185MW Solar Plus 254 MWh Storage Project In Bihar

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro’s (L&T) recently won an order to build a grid-connected 185MW Solar PV plant. The order entails solar power plants with a 254 MWh Battery Energy Storage System (BESS) having multitudes of MWh capacity in Kajra in Lakshisarai district in Bihar. This is expected to […]

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Govt’s New Scheme To Aid In Evacuating RE From Rajasthan, Karnataka

The Union government has now approved new Inter-State Transmission System (ISTS) schemes to evacuate 9 Gigawatt (GW) of renewable energy (RE) from the renewable rich states of Rajasthan and Karnataka. These schemes will be implemented through Tariff-Based Competitive Bidding (TBCB) mode. These schemes are part of the government’s 500 GW renewable energy capacity by 2030 […]

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MNRE Releases Rules For Solar Module, Inverter Enlistment Under PM Surya Ghar

The government introduced the PM-Surya Ghar Yojna this year to boost rooftop solar adoption. In tandem, it established eligibility criteria for solar module enlistment under the same initiative. The key criteria included, The policy set laid down that the module must be enlisted as a star rating of a minimum of three stars under star […]

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Green Stock June 21: Shakti Pumps’ Stock Price Continues To Surge

Stock prices of Shakti Pumps continued to grow for the third consecutive day. Today the Indore-based solar pump company witnessed a rise of 5 percent in its stock prices. Following the suit, Pune-based wind energy company Suzlon reported a surge of 4.99% in its stock price, data from the Bombay Stock Exchange (BSE) revealed.  Company […]

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Hindustan Zinc, AEsir Technologies Join Hands To Develop Zinc Batteries

As part of its efforts to bolster the ongoing global energy transition, Hindustan Zinc Limited (HZL), an Indian-based zinc producer, has signed an MoU (memorandum of understanding) with AEsir Technologies. AEsir Technologies Inc. is a US-based company specializing in zinc battery technologies. Under this MoU, Hindustan Zinc becomes the preferred supplier of Zinc, a key […]

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20% Of Global Power On Summer Solstice Came From Solar: Report

Energy think-tank Ember estimates that today, across the midday peaks on the summer solstice – 20% of the world’s electricity will come from solar, up from 16% last year.  “At 20% share, solar is now a serious global electricity source,” said Kostantsa Rangelova, electricity analyst at Ember. “ Battery costs have collapsed, meaning solar power […]

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