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Amrut Energy Secures ₹100 Cr From Private Equity Investors

Amrut Energy Pvt Ltd, a leading manufacturer of solar water pumps and renewable energy solutions from Ahmedabad, has successfully raised ₹100 crores in funding from private equity investors. This investment will propel the company’s rapid growth, expand its manufacturing capabilities, drive research and development, and scale operations across underserved regions. The investment will expand manufacturing […]

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NTPC Secures Highest VGF Support For CPSU Scheme

NTPC has emerged as the largest beneficiary of the central government grant under the Central Public Sector Undertaking (CPSU) Scheme  Phase-II (Government Producer Scheme). Latest data shared by the government before the Rajya Sabha revealed the levels of allocations given to different CPSUs.  The government aids these CPSUs for setting up grid-connected Solar Photovoltaic (PV) […]

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OREDA Issues Tender, Seeking EPC Contractors For PM-KUSUM

Odisha Renewable Energy Development Agency (OREDA) has issued a tender seeking EPC contractors to take up solarisation works under PM-KUSUM scheme. As per the mandate, the state nodal agency is seeking companies who can take up the works under the Component-A of the central government scheme. The OREDA tender said that the contractors need to […]

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Fraunhofer ISE Flags ‘Overstatement’ Of Output Claims By Module Manufacturers

A research team from the Fraunhofer Institute for Solar Energy Systems ISE has evaluated over 70,000 power measurements on photovoltaic modules that have been carried out in the institute’s calibration laboratory, CalLab PV Modules, since 2012. In the process, the researchers found that since around 2017, the negative discrepancy between the performance data of the […]

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Green Stocks Mar 12: Less Red, More Green By Holi perhaps?

Even as markets mostly stayed in the red, there was a splash of green on our pack today, as most stocks made up for a disappointing day yesterday. Leading the way were the larger developers Adani Green and NTPC Green, the former buoyed by news of another 250 MW of commissioning in Kadapa, Andhra Pradesh. […]

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India Must Aim For 600 GW Of Clean Energy By 2030: CEEW

India needs to scale up to 600 GW of non-fossil-fuel capacity by 2030 to meet its growing electricity demand reliably and affordably, according to a new, independent Council on Energy, Environment and Water (CEEW) study launched at the National Dialogue on Powering India’s Future today in Delhi. The study, ‘How Can India Meet Its Rising […]

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SWELECT Energy Secures 150 MW Module Order, Rises ₹290cr

Solar energy company SWELECT Energy Systems Ltd today announced securing orders of over 150 MW for its TOPCon Bi-facial solar PV modules.  Additionally, SWELECT Group has successfully raised ₹290 crore funding through Non-Convertible Debentures (NCDs) via a private placement with India Infradebt Limited, the company said. This move, secured against a portion of its Solar […]

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Vietnam’s Threat To Go Back On Tariff PPA’s Sends Chills Through Developers

Vietnam’s decision to retroactively revise subsidised pricing rules for wind and solar energy has raised concerns among stakeholders in the industry, especially foreign investors. The move comes after Vietnam blew past its renewable addition targets between 2020-23 on the back of a generous Feed In tariff mechanism that made projects much more lucrative in the […]

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