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Global Battery Deployment Surges 15%, BESS Gains 55%

2024 marked a year of continued growth and adaptation in the global battery industry. Global electric vehicle (EV) sales climbed 25% to 17.7 million units, with Battery Electric Vehicle (BEV) demand up 14%, while Plug-in hybrid electric vehicles  (PHEV) demand surged 50%. For the first time, battery electric vehicles (BEVs) in China have reached price […]

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Customer Service To Forefront As India’s Solar Boom Spreads

India’s solar ambitions are on a roll, and that’s visible in more ways than one. More and more solar installations are popping up if you look up from your phone around you, the number of solar firms listed on stock exchanges has gone up exponentially within two years, and of course, celebrities and influencers can […]

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Low Tariffs, Land Issues Limit Wind Auctions to 5.2 GW in FY23-25: CRISIL

India’s annual wind power capacity addition will more than double to 7.1 GW on average in the next two fiscal years, compared with 3.4 GW in fiscal 2023-25. This can take the installed wind capacity up to ~63 GW by fiscal 2027, according to CRISIL research. However, capacity additions over fiscal years 2023-25 continued to […]

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Green Stocks Feb 27: No Respite As Slide Continues

The pressure on mid and small cos. was amply captured across most Green energy stocks, as most shed further points today. Acme Solar was the lone exception, and that too by not much. A visit from the taxman at their offices proved to be especially costly for Waaree Energies and Waaree Renewable Technologies, as both […]

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Custom Duty Failed To Reduce Landed Price Of Solar Glass: Borosil

Indian solar glass manufacturer Borosil Renewables claimed that the imposition of Customs Duty against the import of solar glass failed to reduce the burden of Indian solar glass makers. In the latest investor call, the top management of the firm said that blamed Chinese solar glass makers for reducing their solar glass prices, hurting the […]

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Laos, India, And US Made Modules Exhibit Highest Defect Rates-Kiwi Research

The latest report by Kiwi Research, claims that Modules made in Laos, India, and the U.S. exhibit the highest module defect rates, exceeding 8% (percentages are per batch of PSI samples). The report drew this conclusion based on defect rates observed during PSI across various manufacturing countries. The study stated, “This trend can be attributed […]

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MoP Advises REIAs To Co-Locate ESS With Solar Plants In Upcoming Tenders

The Ministry of Power (MoP) has released an advisory on the co-location of energy storage systems (ESS) with solar plants. Its latest advisory aims to incorporate a minimum of a 2-hour co-located Energy Storage System (ESS) equivalent to 10% of installed solar capacity in future tenders. The notification stated, “This requirement will help mitigate intermittency […]

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Green Stocks Feb 18: Bottom Fishing To Emerge Soon In RE Stocks?

With no respite for the market in a volatile trade environment, green energy stocks continued to be buffeted by the winds from the US. A lot of what US President Donald Trump has already proven to be hot air, but the sheer impact of the US remains large enough to shake up global markets. India […]

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Borosil Renewables Reports Rs. 8.64 Cr Loss in Q3 FY25

Indian solar glass manufacturer Borosil Renewables recently announced its financial results for Q3 FY25. The company reported an EBITDA of Rs. 20.89 Cr, a significant decline from Rs. 52.88 Cr in the previous quarter. As a result of the lower EBITDA, Borosil posted a post-tax loss of Rs. 8.64 Cr in Q3 FY25, compared to […]

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