Page 3 - Solar Power

Jupiter International secures ₹500 cr investment to boost solar capacity

Solar solutions provider Jupiter International Ltd on Monday said it has secured an investment of Rs 500 crore from ValueQuest SCALE Fund and its affiliates to accelerate solar manufacturing expansion. The company operates at a 1 GW facility in Baddi, Himachal Pradesh, and plans to increase the total capacity to 5.6 GW solar cells and 2.4 GW solar modules, the company said in a statement. The present funding round of Rs 500 crore and internal accruals is proposed to support the company's ongoing capex programme, it said. According to the statement, Jupiter International Ltd -- a manufacturer of photovoltaic solar cells and a provider of comprehensive solar power solutions -- has announced that it has secured a Rs 500 crore investment from ValueQuest SCALE Fund and its affiliates. As a long-term partner, their continued confidence underscores our ability to scale efficiently and drive innovation, Jupiter International Managing Director Alok Garodia said. "Jupiter's integrated appro

Jindal Stainless jumps 5% after arm signs 11-Mw PPA with Sunsure Energy

Jindal Stainless shares were quoting at ₹536.45, up 4.65 per cent from the previous day's closing price of ₹512.60 on the National Stock Exchange (NSE)

ISA eyes Indian private sector support for Africa's green energy growth

These projects span various sectors, including the solarisation of schools, health centres, government buildings, cold storage units, and solar water pumping systems

India surpasses Germany as 3rd-largest wind, solar power generator: Report

India became the world's third-largest producer of electricity from wind and solar energy in 2024, overtaking Germany, to according to a new report published on Tuesday. The sixth edition of global energy think tank Ember's Global Electricity Review said wind and solar together generated 15 per cent of global electricity last year. India's share stood at 10 per cent. The report said low-carbon sources, including renewables and nuclear power, together provided 40.9 per cent of the world's electricity in 2024. This is the first time the 40 per cent mark has been crossed since the 1940s. In India, clean sources accounted for 22 per cent of the electricity generation. Hydropower contributed the most at 8 per cent, while wind and solar together accounted for 10 per cent. Globally, renewables led the growth in clean electricity, adding a record 858 terawatt hours (TWh) in 2024 -- 49 per cent more than the previous record in 2022. Solar was the largest source of new electricity for the t

Delhi Assembly to get 500 kVA solar capacity, save ₹15L per month: Speaker

Delhi Assembly is targeting to set up 500 kVA capacity solar panels in 100 days to save a monthly electricity bill of Rs 15 lakh, Speaker Vijender Gupta said on Thursday. Addressing a press conference a day after the conclusion of the budget session, Gupta said that the Assembly will promote solar energy to send a message to the people to adopt it and ensure zero bills against electricity consumption. He said the Assembly has also targeted to go paperless before the monsoon session under the National e-Vidhan Application (NeVA) project. A media desk will be set up and equipped with 25 computers, an internet connection, and printers. Gupta said that in the 40 days of the formation of the new government in Delhi, two sessions were held and properly concluded. The seven-day budget session was conducted for a record 27.56 hours. Gupta said that the budget tabled on March 25 was discussed for 7.13 minutes by 36 members, including those from Opposition AAP. The only calling attention mo

We are building the complete solar supply chain: Indosol CMD Reddy

He said the company plans to build an ancillary supply chain, claiming to be the first in the country to do so

Actis buys Stride's solar portfolio in India at $325 mn enterprise value

The deal's equity value is around $163 million

BS Manthan: Can India emerge as a global leader in renewable energy?

Can India become a global renewable energy hub with major investments in solar, wind, and green hydrogen? Experts set to discuss the roadmap at BS Manthan 2025

Reliance Infra to enter RE manufacturing space with solar, battery plants

Reliance Infrastructure (RInfra) is entering into the renewable energy (RE) equipment manufacturing space to increase its business portfolio, industry sources said. The Reliance Group company has already appointed Ivan Saha as Chief Executive Officer (CEO), Renewable Manufacturing, and Mushtaque Hussain as Chief Executive Officer (CEO), Battery Manufacturing, they said. "RInfra is making strategic entry into the renewable energy manufacturing industry," sources said. The company would set up an integrated solar manufacturing unit with the objective to boost the production of solar panels and components in India, promoting self-sufficiency in clean energy. Solar manufacturing will be led by Saha, who comes with over 30 years of experience in semiconductors and solar technology and device design. He has served organisations like Vikram Solar and ReNew Power. Its integrated battery manufacturing unit will focus on developing advanced energy storage solutions for grid applications and

Inside RSS' 12-storey HQ: Key features, facilities of Rs 150-cr Keshav Kunj

After functioning from the Udaseen Ashram in Jhandewalan for nearly eight years, the RSS has now returned to its original address with a modern, expansive facility

Uttar Pradesh govt approves solar power projects worth Rs 10,000 crore

The UP New and Renewable Energy Development Agency (UPNEDA) has picked the two companies to develop three solar power projects, which are expected to become operational by December 2025

Don't depend on freebies, produce own solar power, says Prahlad Joshi

Union Minister for Renewable Energy Prahlad Joshi urged people on Thursday not to be dependent on the governments for freebies, but to produce their own solar power. Joshi attended a consultative meeting with the consumers, electricity supply company (ESCOM) officials, and people's representatives to discuss Surya Ghar Muft Bijli Yojana here on Thursday. "I will not comment on what the motives were behind the distribution of free power generated using environmentally harmful core sector material. But sustainability in the power sector is going to be the key to a safer future for the country," said Joshi, who is also the Union Minister of Consumer Affairs, Food and Public Distribution. According to Joshi, Surya Ghar Muft Bijli Yojana launched by Prime Minister Narendra Modi on February 15, 2024 aims to provide free electricity to households in India by providing a subsidy to install solar panels on their roofs. The subsidy will cover up to 40 percent of the cost of the solar panels.

CRISIL analysis: Sprint towards power sector's 500 Gw of green energy goal

As of October 2024, India's non-fossil base, including solar, wind, large-hydro and other renewables, surpassed 200 gigawatt (Gw)

Solar power projects face higher costs after customs duty notification

Section 58 deals with licensing private bonded warehouses where imported goods belonging to the licensee may be deposited without payment of any Customs duties

Bhilai Steel Plant to set up 200-Kw solar power plant at Maitri Bagh zoo

Elevated solar power is a solar panel installation method that involves mounting solar panels on a structure above the ground or roof

US solar industry shifts focus from climate in strategy for Trump era

The policy agenda marks a stark shift in tone for the solar sector, which is a major beneficiary of subsidies contained in outgoing President Joe Biden's landmark 2022 climate change law

Uttar Pradesh govt plans to save nearly Rs 1 trillion with solar power

The 33,229 solar energy-based ground water schemes in UP are projected to save the state exchequer Rs 1 trillion during their lifecycle by cutting down on energy bills

Sembcorp Industries bags 300MW wind-solar hybrid project from NTPC

Sembcorp Industries on Wednesday said it has secured a 300 MW wind-solar hybrid project through its arm Sembcorp Green Infra from NTPC Ltd. The build-own-operate project is part of a 1.2GW bid issued by NTPC, a state-owned power giant, a company statement said. Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Pvt Ltd, has received the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from NTPC Ltd, according to the statement. Subject to the execution of a power purchase agreement (PPA) and upon completion of the project, power output from the project will be sold to NTPC under a 25-year long-term PPA, it stated. The project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt, the company informed. With a secured capacity of close to 2GW from .

Surprise solar boom in Pakistan helps millions, but harms grid & power cos

Driving the demand were households and factories producing everything from cement to apparel, who have suffered frequent blackouts in the past due to the unreliable grid

Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom

India added 16.4 gigawatt (GW) of solar capacity during January-September 2024, posting a 167 per cent year-on-year rise on account of commissioning of delayed projects, Mercom Capital said. The country had installed 6.2 GW of solar capacities in the nine-month period of 2023, the US-based research firm said in its latest report. "In the nine months (9M) of January-September of the calendar year (CY) 2024, solar projects totaling 16.4 GW were added in India, an increase of over 167 per cent compared to 6.2 GW in 9M 2023. The commissioning of several previously delayed projects contributed to capacity additions in the first nine months of 2024," the report titled 'India Solar Market Update' said. As per the report, the solar installations in the July-September period rose by 78 per cent to 3.5 GW from 2 GW in the third quarter of last year. As of September 2024, India's cumulative installed solar capacity stood at 89.1 GW, of which utility-scale projects accounted for more than 86 p