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$26M Investment In RE Grid Demonstration Projects By Biden Administration

US President Joe Biden has announced a US $26M investment to demonstrate that the US electricity grid can be run fully on renewables and energy storage. The program will investigate how renewable energy can sustain grid dependability and allow it to stay connected during disturbances or reboot it in the event of a shutdown through []

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Adani Solar Strengthens Retail Footprint In Maharashtra

Adani Groups solar PV manufacturing and EPC arm, Adani Solar, has announced the expansion of its retail distribution business for Maharashtra with Roofsol Energy Pvt. Ltd. According to Adani Solar, Roofsol Energy will be the official channel partner for the Maharashtra region. Additionally, Adani Solar shared that it has now extended its reach to more []

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NTPC Looks for Nuclear Power Addition; Bullish on Renewable Energy

Power conglomerate NTPC has announced in its 18th Analysts & Investors Meet that the company is foraying into nuclear power while maintaining its thrust on the renewable sector. Chairman and Managing Director, Gurdeep Singh, said, Discussions are underway for adding the nuclear capacity. This is the new thing that you would probably be hearing that we []

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Project Solar Raises $23 Million Series A For Digital Solar Offering Expansion

Project Solar, a US based and America focused firm for solar installations, has shared that it has concluded a $23M Series A financing round. New-York based capital venture firm, Left Lane Capital, led the round along with strategics from the industry. The investment will be the first institutional capital for Project Solar that will be []

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Surat Municipal Corporation Issues Grid Connected Solar Tenders of 2 MW Each

Surat Municipal Corporation has floated two grid-connected solar tenders. Both tenders have a 2 MW capacity. One is for a solar plant to be installed on the BRTS route to Narmad University & the other one will be in Central Mall in Surat through the RESCO model. The last date for submitting the bids for []

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MP, Rajasthan, Karnataka Lead In Power Subsidies

According to data provided by the Power Ministry, subsidised electricity is being supplied to consumers in 27 states and Union territories. Further, as much as Rs 1.32 trillion (Rs 132,000 crores) in subsidies has been spent in the country in the financial year, 2020-21 financial year. Among all the states, Madhya Pradesh, Rajasthan and Karnataka []

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Reliances Ambani Singles Out Green Initiatives As Game Changer In Message To Shareholders

Mukesh Ambani, Chairman and Managing Director at Reliance Industries, in his annual message to shareholders, has highlighted progress on the  groups  green energy initiatives as a key area to watch for the future. The group, which had announced a commitment to invest $10 billion into its new energy initiatives in 2021, has made significant progress []

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Amp Energy India & RUMSL To Develop Indias Largest Floating Solar Project

Amp Energy India, one of Indias leading renewable energy companies, has announced today that it has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Ltd (RUMSL) in Madhya Pradesh for 100MW/140MWp capacity. RUMSL is a joint venture of Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Ltd. It has []

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Gensol Ventures Into EV Market With Manufacturing Plant In Pune

Ahmedabad-based renewable energy solution provider, Gensol Engineering Ltd. has announced that it would enter into the electric vehicle (EV) market with personal mobility and cargo electric vehicles manufacturing plant. The business aspires to establish an EV manufacturing plant in Chakan, Pune. The plant is expected to begin making products in October this year and accept []

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