L&T Creates Separate Renewable EPC Business to Tap Growing Global Demand
Larsen & Toubro carves out a new business vertical for renewable EPC projects amid growing global demand in its infrastructure segment.
Govt. Confers Navratna Status to NHPC and SJVN, Grants More Autonomy
The Finance Ministry has granted Navratna status to top public sector enterprises NHPC and SJVN, allowing them greater operational and financial freedom.
Cabinet Approves $492M Funding for 15GW Hydropower Projects in NE
The scheme would be funded through 10 percent gross budgetary support for the North Eastern Region from the total outlay of the power ministry.
Tata Power Solar Partners with ICICI Bank to Finance Solar Units
Customers can avail of loans up to ₹ 90 lakh from ICICI Bank with collateral-free options and tenure extending up to 5 years.
India’s Solar Capacity in H1 Rises 282%, Adds 14.9 GW
India installed 14.9 GW of solar capacity in the first half of 2024, registering a 282 percent rise over the same period last year. This increase represents the highest half-yearly and annual solar installations recorded in the country.
BC Jindal Group to Invest $2.5B in Clean Energy Sector Over Next 5 Years
The group will venture into the sector by launching Jindal India Renewable Energy, which aims to generate 5 GW of power from solar, wind and hybrid platforms.
Satara’s Manyachiwadi Becomes Maharashtra’s 1st Solar Powered Village
On Sunday, Maharashtra Chief Minister Eknath Shinde launched the Solar Village Scheme, an initiative to provide 100 villages with 100 percent solar-powered electricity, at a function in Satara.
Global Renewable Capacity Rises 14% to 3,870 GW in 2023: IRENA
The report found that solar energy registered the largest share at 1,419 GW last year, recording 32.2 percent over 2022. Hydropower and wind energy accounted for most of the remainder, with total capacities of 1,268 GW and 1,017 GW, respectively.
Government Allocates $95.2M to Create Model Solar Village in Every District
The outlay is part of PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on Feb. 15, 2024. It aims to transform India’s energy landscape by providing free electricity to households.
TN Clears ₹441B in Investment Proposals, Greenlights 3 Renewable Energy Policies
The projects span the electronics, food processing, renewable energy, and battery manufacturing sectors and will significantly change the state’s economic landscape and create 24,000 jobs.