candi photo voltaic on Monday introduced the profitable closure of its Collection C funding spherical, securing $38 million in fairness funding. The spherical was led by Norfund, Kyuden Worldwide and STOA. Since its inception in 2018, candi photo voltaic has been dedicated to revolutionising the power panorama throughout Asia and Africa. It has a complete … Read more
The Adani Group, which is organising two wind energy tasks in Sri Lanka with a mixed capability of 484 MW, has supplied the most affordable tariff within the nation at 8.25 cents per unit, information confirmed. Put up intense negotiation with the federal government in Colombo, Adani has supplied a tariff of 8.25 cents a … Read more
Within the first quarter of 2024, the nation added over 1.8 GW of photo voltaic open entry capability, doubling from 909 MW within the fourth quarter of 2023, in response to a report by Mercom India. In March 2024 quarter, photo voltaic open entry builders benefitted from decrease Chinese language module costs and the suspension of the … Read more
India has awarded tenders for establishing 412,000 tonnes of inexperienced hydrogen manufacturing and 1.5 gigawatts (GW) of electrolyser manufacturing capability, the Ministry of New & Renewable Vitality (MNRE) mentioned. MNRE Secretary Bhupinder S Bhalla throughout his opening remarks on the World Hydrogen Summit 2024 in Netherlands on Wednesday highlighted India’s achievements beneath the SIGHT program … Read more
West Bengal’s progress in clear electrical energy era has been slower than different states, because it harnessed simply 8 per cent of its renewable vitality potential until February this yr, based on a brand new examine. Additionally learn:L&T wins orders in clear vitality sector, shares up The japanese state’s share of renewable vitality consumption out … Read more
PSU shares have been amongst the perfect performers of FY24, rallying 88 per cent (BSE PSU) in comparison with Nifty-50’s 20 per cent returns. The explanations ascribed for the rally vary from the final bastions of worth to structural adjustments, which have modified the earnings trajectory for the great. Although a lot of the structural … Read more
Sri Lanka has accepted a 20-year energy buy settlement between the island nation’s authorities and Adani Inexperienced Vitality for the event of 484 megawatt wind energy stations within the northeast area. Additionally learn:Displacing Chinese language venture, Indian agency set to construct hybrid energy programs in Sri Lanka’s northern islands “The negotiated tariff price of $0.0826 … Read more
The federal government auctioned sovereign inexperienced bonds price ₹20,000 crore in FY24, in comparison with ₹16,000 crore in FY23 to mobilise assets for inexperienced infrastructure tasks, notably for increasing renewable power capability. Additionally learn:Indian bond yields cease swaying to the US tune Apart from, international direct funding (FDI) flows in direction of non-conventional power surpassed … Read more
The Central Authorities narrowly missed its goal of fifty GW for annual renewable power tendering in 2023-24. A 12 months in the past, India’s authorities introduced plans to hunt bids for 50 GW of renewable power capability every year for 5 years, from FY24 to FY28. These bids, for Inter-State Transmission (ISIS)-connected renewable power capability, … Read more
Renewable vitality (RE) sources contributed to 71 per cent of the general new energy capability addition in 2023-24, a report from CEEW Centre for Vitality Finance (CEEW-CEF) revealed. Additionally learn:10 years of NDA: Renewable vitality business’s efficiency has been fairly good, says Enerfra Initiatives (India) MD UB Reddy In FY24, a web energy technology capability … Read more