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India Needs Schemes that can support the market expansion, Stefan Louis, Nexcharge

Nexcharge, the Joint venture between Exide India and Leclanché, Switzerland, (Exide Leclanché Energy Private Limited) completes three years this year. Its been a period of major changes on the battery storage front, with Lithium Ion batteries finally given the importance they deserve, with support from both the official PLI schemes and a major push from []

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DGTRs Third Anti Dumping Investigation. Too Little, Too Late?

The announcement by the ministry of commerce and industry of the Directorate General of Trade Remedies (DGTR) starting an anti-dumping probe on imports of solar cells imported from China, Vietnam, and Thailand was made yesterday. The move, while following due process as one would hope, leads to several questions regarding its relevance. Perhaps the only []

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Top 10 Polysilicon Rankings for 2020- The Future To be 90 Percent China

German research firm Bernreuter research has released its latest ranking of Polysilicon manufacturers, and the prognosis for non-Chinese manufacturers is not good. The firm predicts that the worlds four largest polysilicon manufacturers in 2022 will all be based in China. in 2020, Wacker Chemie, the German firm which was actually no. 1 till 2019, lost []

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Power Grid Raises Rs 2736 Crore Through its PGInvIT

Power Grid has received Rs 2,736.02 crore through the sale of 27.41 crore units in the PGInvIT OFS which was created to monetise its assets. The Power Grid Corporation of India (PGCIL) has announced that it has received Rs 2,736.02 crore through the sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer []

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Vietnams PDP8 Delay Can Unlock More Cost-Effective RE: IEEFA

The key is to refine new strategies and improve market structures Vietnams Power Development Master Plan for 2021-2030 with a vision to 2045 (PDP8), was expected to be signed off at the end of March during the last days of Prime Minister Nguyen Xuan Phucs administration, but it hit an unexpected delay. Rather than being []

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TATA Powers Q4 FY21 Results: Revenues Jump 50%

Mumbai-based electric utility company Tata Power Limited released its financial results for the fourth quarter of FY21 ended March 31, 2021, announcing a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore (Rs 474.70 crore in the year-ago period), due to saving in finance cost offset by an exceptional gain []

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PLI Scheme for Battery Storage Will Lower Cost of EVs in India: SMEV

SMEV has said that the PLI scheme for promoting battery storage will lead to the reduction of cost on purchase of electric vehicles (EVs) The Society of Manufacturers of Electric Vehicles (SMEV) has said that the production linked incentive (PLI) scheme for promoting battery storage will lead to the reduction of cost on purchase of electric vehicles (EVs) thereby []

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Swedish Company Exeger Raises USD 38 Million in Debt Financing

Swedens Exeger announced today that it has secured USD 20 million in debt financing from Swedbank and Swedish Export Credit Corporation (SEK). The company, which produces Powerfoyle, a unique solar cell technology that transforms all forms of light into clean, endless energy, has also secured USD 18 million through a directed share issue to Ilija Batljan []

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Renewables Powering Through the Pandemic: IEA

Renewable electricity expanded at fastest pace in two decades, with huge additions of solar and wind becoming the new normal going forward Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than []

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