News

As per an ICRA note, the electricity demand recovery on all India level has largely been led by Northern and Eastern states with a year-on-year (Y-o-Y) increase of 6 percent – 13 percent in demand in July 2020. This was mainly driven by rural consumption, while the demand in...

The state government of Andhra Pradesh is all set to introduce the Agriculture Electricity Cash Transfer Scheme from the 2021-22 financial year that will virtually do away with the free power supply to the farming sector, however, the government has maintained that it will foot the entire bill amounting to about Rs 8,400 crore...

A new report has revealed that solar PV dominated as the main new power-generating technology source added to grids around the world in 2019. A new report has revealed that solar photovoltaics (PV) dominated as the main new power-generating technology source added to grids in dozens of countries ranging from...

Amp Energy India, a leading renewable energy company has announced that it has appointed industry veteran Surendra Gupta as Director and Chief Financial Officer (CFO) to lead the finance function amid its India expansion plans creating the first truly balanced renewable energy company serving both C&I and Utility customers...

Mahindra & Mahindra (part of the Mahindra Group) and REE Automotive signed a memorandum of understanding (MOU) on Aug. 26 to explore development and manufacturing of electric commercial vehicles for global markets. The strategic collaboration will leverage REE’s electric-vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a...

HEFEI, China, Sept. 1, 2020 /PRNewswire/ -- Sungrow, the global leading inverter solution supplier for renewables, announced that its 10-year-old inverters have passed the latest stringent testing requirements of stable operation under the weak grid condition, making it the first and only company that meets this rigorous evaluation in China solely by upgrading...

The India Grid Trust (IndiGrid), India’s leading infrastructure investment trust, has announced that it has completed the acquisition of another transmission asset – Gurgaon Palwal Transmission Limited (GPTL), from Sterlite Power at an enterprise value of Rs 1080 crore. With this acquisition, the firms’ AUM has increased by roughly...

NTPC will seek shareholders’ nod to raise up to Rs 15,000 crore through issuance of bonds in the annual general meeting scheduled for next month. NTPC will seek shareholders’ nod to raise up to Rs 15,000 crore through issuance of bonds in the annual general meeting scheduled for next month....

With Global Solar Capacity crossing 600 GW this year, the industry can no longer afford to ignore the issue of recycling faulty or retiring solar panels. The 600 GW milestone for solar might have passed by unannounced this year, but it is a huge milestone, and 2020 might still end...

August 21, indicates some huge issues for the ‘pipeline’ of solar (and wind) projects. Looking at the delays and reasons for these delays in many cases, and the evolving situation on the ground,it becomes amply clear that the 2022 target of 175 GW is at least a miracle away,...