Cleantech Solar, a pan-Asia supplier of renewable energy to corporates, has appointed Ritesh Singhi as its vice president and country manager for India.Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial (C&I) segment. Earlier, he also worked as...
Italian power utility Enel has secured a €560 million financing package for a 3 GW heterojunction solar module factory in Catania, southern Italy.“The financing was made possible through a collaborative effort between the European Investment Bank (EIB), supported by InvestEU, and a pool of Italian banks, led by UniCredit and comprising...
The Ministry of New and Renewable Energy (MNRE) has released an order dated February 15, 2024, stating that Approved List of Models and Manufacturers (ALMM) will be held in abeyance till further orders. The MNRE, in an order dated February 9, 2024, decided to reimpose the regulatory measure of...
The Delhi government has introduced the ‘Delhi Solar Policy 2024,’ marking a significant step towards a more sustainable energy future. Aimed at reducing air pollution and alleviating economic pressures, the policy offers significant advantages for individuals adopting rooftop solar panels. Residential consumers are positioned to gain the most, as...
The Prime Minister has laid the foundation stone for four major projects undertaken by Torrent Power in Uttar Pradesh, with an investment of approximately Rs 250 billion.Torrent Group has signed a memorandum of understanding (MoU) with the Uttar Pradesh government for these projects. Among the projects are two pumped...
Climate First Bank has updated the interest rates on its 30-year Residential Solar Loan product to 7.83% and a 7.99% APR*.It is the first time the financial institution has decreased its solar loan rates and extended the loan term. Additionally, clients who enroll in auto-pay will receive a 0.25% discount for the new...
Power Finance Corporation Limited (PFC) is partnering with SACE, the export credit agency of Italy, for an innovative ECA-backed financing facility under its ‘Push Strategy’ initiative.The collaboration will boost the cooperation between the two countries. This proposed partnership will position PFC as the first government-owned entity in India to...
India: Honeywell Hometown Solutions India Foundation (HHSIF) in partnership with Foundation for Science, Innovation and Development (FSID), Indian Institute of Science (IISc), renowned for its cutting-edge deep sciences research, has extended research and financial support to 37 Indian start-ups, extending capital worth INR 9 crores over the last four years. With...
During the 2024 interim budget presentation, the Union Finance Minister (FM) announced important initiatives, indicating a notable emphasis on promoting sustainable energy and electric mobility. A noteworthy revelation includes the provision of free electricity, up to 300 units per month, to 10 million households through the implementation of rooftop...
Indian Renewable Energy Development Agency Ltd. (IREDA) has opened an office in GIFT City, Gandhinagar, which will specialize in providing debt options denominated in foreign currencies. This will facilitate natural hedging and significantly reduce the financing costs for Green Hydrogen and Renewable Energy Manufacturing projects. The strategic initiative which would...