Page 18 - Solar Energy

Global solar sector sees 193% rise in corporate funding: Mercom Capital

The global solar sector including the Indian market has witnessed total corporate funding of USD 13.5 billion in January-June period of 2021, registering a jump of nearly three-folds over the previous year, according to a report. Total corporate funding, including venture capital funding, public market and debt financing, into the solar sector stood at USD 4.6 billion during the same period of 2020, the report by clean energy consulting firm Mercom Capital Group said. "Funding was up across the board in the first half of 2021 compared to last year, which was severely affected by the pandemic. Corporate M&A activity was up with solar developers expanding their pipelines, oil and gas companies diversifying into renewables, and funds buying up renewable assets," said Raj Prabhu, CEO of Mercom Capital Group. "The transition from fossil fuels to renewables and Environmental, Social and Governance (ESG) investing trends made an impact on financing as well as merger and acquisition ...

Indian billionaires face off in race for domination in solar space

India's two richest men are vying to be at the forefront of Prime Minister Narendra Modi's ambition to ramp up green energy capacity

Cyclones' record rain in May cloud India's solar power generation

The highest solar generation loss was faced by Karnataka, which saw it declining by 15 per cent over last year

Ambani, Adani and China

The big boys may well compete, but if you parse Mr Ambani's AGM statement, it appears that RIL would more like to play the role of an input and/or original-equipment-manufacturer than a fierce rival

Reliance Industries earns a place in the sun with global solar play

100 GW by 2030 is more than twice the existing renewable capacity of any company in the world

Schneider to infuse Rs 350-400 cr in Indian subsidiary Luminous Power

A significant part of the investment will be focused on Luminous Power's solar business

India's coal-dominated power market is tilting toward solar

NTPC's move also raises questions about the future of the nation's coal fleet

RIL to invest Rs 75,000 cr in clean energy, build 4 giga factories: Ambani

It will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors

Australia rejects $36 billion wind, solar, hydrogen project due to impact

The decision left what would have been one of the world's largest green energy projects in limbo for now

Exim Bank extends $100 million worth of line of credit to Sri Lanka

This is for financing projects in the solar energy sector.

'Very interested' in energy partnership with India: US energy secretary

The Biden administration is "very interested" in continuing to ensure that the US has a strong energy partnership with India, Energy Secretary Jennifer M Granholm has said

Global supply chain squeeze, soaring costs threaten solar energy boom

The situation suggests slower growth for the zero-emissions solar energy industry at a time world governments are trying to ramp up their efforts to fight climate change

ACME Solar to sell 50% stake in 900 Mw solar plant to Norway's Scatec

Scatec enters in partnership, ACME had quoted record low tariff of Rs 2.44 a unit for the project

Group behind SolarWinds hack now targetting govt agencies, NGOs: Microsoft

The group behind the SolarWinds cyber attack identified late last year is now targeting government agencies, think tanks, consultants, and non-governmental organizations, Microsoft Corp said

India is showing developing countries how to quickly transition to solar

The rise of ReNew came as India was wrestling with myriad problems: widespread corruption, a frustrating bureaucracy, and the high cost of capital

Amplus Solar buys rooftop solar assets of Sterling & Wilson totaling 7.2 Mw

Deal value not revealed; The 17 acquired projects supply 13 leading industrial, commercial, and institutional customers

White goods, solar modules get Rs 10,738 crore worth of PLI push

While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore

Cabinet okays Solar Manufacturing Scheme for 10,000 Mw capacity under PLI

Under PLI, Cabinet in Nov 2020 had okayed Rs 4,500 cr for manufacturing High Efficiency Solar PV Modules. MNRE later proposed a 'National Programme on High efficiency solar PV modules' for the same

Cabinet clears Rs 4,500-cr PLI scheme for solar PV modules manufacturing

The Union Cabinet on Wednesday approved a production linked incentive (PLI) scheme with an outlay of Rs 4,500 crore to add 10,000 MW capacity of integrated solar PV modules manufacturing plants

Capacity building at appropriate time is important, says ISA's Ajay Mathur

International Solar Alliance (ISA): We don't want to land in the same situation as that of fossil fuels when it comes to waste, said Mathur