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.
Suzlon Acquires Majority Stake in Renom to Boost O&M Services
Suzlon plans to acquire an additional 25% stake in Renom within the next 18 months for Rs 260 crore.
Ambani is Ready to Take on Adani in Green Energy
The oil-to-telecom giant, led by Mukesh Ambani, has announced plans to invest heavily in solar energy manufacturing and generation, as outlined in its annual report.