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investment

CEA Green Lights 7.5 GW of PSP, Eyes 22 GW Expansion In FY26

The Central Electricity Authority (CEA) cleared 7.5 GW of Detailed Project Reports (DPRs) for hydro-pumped storage projects (PSPs) in FY 2024-25, a significant milestone in India’s push for long-duration energy storage. The agency has also streamlined the appraisal process through its digital platform “Jalvi Store,” reducing documentation requirements and providing submission checklists to accelerate project […]

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UP Reaffirms 22 GW Solar Goal, Reviews PM-KUSUM Progress

Uttar Pradesh (UP) government has reaffirmed its goal of adding 22 GW of solar energy capacity, during a review meeting chaired by Union Minister for Consumer Affairs, Food and Public Distribution and New and Renewable Energy Pralhad Joshi, and Uttar Pradesh Chief Minister (CM) Yogi Adityanath. The meeting in Lucknow focused on evaluating progress under […]

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GreenLine Invests $275m In Green Logistics; Nikhil Kamath Invests $20Mn

India’s GreenLine Mobility Solutions, backed by Essar, has secured a $275 million equity investment to decarbonise the country’s heavy trucking sector, including a $20 million investment infusion from Nikhil Kamath. It aims to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emission. The funding will enable the deployment of over […]

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Mauritius Becomes First African Country To Sign ISA’s Partnership Framework

Mauritius has become the first African country to sign a Country Partnership Framework (CPF) with the International Solar Alliance (ISA), marking a step forward in its clean energy transition. The island nation is the fourth globally, after Bangladesh, Bhutan, and Cuba, to formalize the framework. The CPF is developed by the ISA to promote medium- […]

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What Led to the Surge in REC Purchases by DISCOMs?

Union Minister of State for New and Renewable Energy Shripad Yesso Naik, in his latest statement before the Parliament, indicated that the Renewable Energy Certificates (RECs) have seen an upsurge. He attributed this surge to the changes in policy, which have made it more favorable for the power distribution companies (discoms) in the state. He […]

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Why Co-Locating of Storage And RE Matters

India has ambitious goals to install 450 GW of renewable energy (RE) capacity by 2030. Even though India has an impressive track record of quickly deploying renewable RE generation assets, the share of RE (excluding large hydro) in total generation continues to be low (13.75 percent) hindering grid decarbonization. The generation-installation gap can be addressed […]

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Solid-State vs Sodium-Ion: Who Will Dethrone Lithium-Ion Batteries?

The rise of renewable energy (RE) and the electric vehicle boom have brought with them increased expectations from the energy storage industry like increased efficiency, considerably high safety, and huge energy densities, and of course preferably at lower costs. Aiming to offer options are Sodium-ion batteries and solid-state batteries. Both have their own sets of […]

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Magenta Mobility Appoints Sujit Cherian As Chief Strategy Officer

Magenta Mobility, a Mumbai-based electric mobility and charging solutions provider has appointed Sujit Cherian as its new Chief Strategy Officer (CSO). With over 25 years of experience in corporate strategy, investment banking, and financial planning, Sujit brings industry insight and leadership to Magenta. Sujit is a Chartered Accountant with a track record in driving business […]

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Olan Agri, Husk Power Partner To Advance Solar Energy Adoption

Olam Agri and Husk Power have announced a commercial and industrial (C&I) solar project in Nigeria’s rice-producing region. This initiative will accelerate the transition of agriculture to sustainable energy infrastructure, significantly reducing reliance on expensive and polluting diesel generation. Under the partnership, Husk will deploy a 1.3 MWp solar photovoltaic (PV) system, integrated with an […]

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