Daily News Wrap up: Husk Power Secures $100+ Million in Equity and Debt To Boost Growth

RENEWABLES NEWS

Husk Power Secures $100+ Million in Equity and Debt To Boost Growth

Husk Power Systems has now announced closing $43 million in Series D funding. It said that it is the largest-ever equity raise in the minigrid industry. The funding, the firm said, would bolster Husk’s position as the leader in electrifying communities in rural Sub-Saharan Africa...

SECI Looks for Developers to Set Up 2000 MW Wind-Solar Hybrid Projects

SECI, a Miniratna CPSU under the Ministry of New & Renewable Energy, has issued an RfS for the selection of hybrid power developers for setting up of 2000 MW ISTS-connected wind-solar hybrid power projects in India under Tariff-Based Competitive Bidding (SECI Tranche-VII). The tender fee...

China Dominates 80% of Indian Solar Glass Market: Shreevar Kheruka, VC,? Borosil Renewable

How did the anti-dumping import provision waiver affect?Borosil Renewable?or other Indian solar glass makers??? The anti-dumping duty on the import of solar glass from China went away around a year ago. Since then, the dumping of Chinese solar glass has expanded substantially in the country....

Solex Onboards Amit Thussu as Head of Marketing

Gujarat-based solar panel manufacturing Solex has announced the appointment of Amit Thussu as the Head of Marketing. Before he joined Solex, Amit held the role of Key Account Sales at Solar Labs. The marketing professional has also worked with China's Suzhou Empire New Energy Ltd....

p-type technology is going to die out: Tanmoy Duari, Axitec Energy

Axitec Energy, headquartered at Germany, is making its presence felt in the international markets of USA, Brazil, Turkey, Australia, Vietnam with a strong presence in India, where it is looking at planned capacity of n-type TOPCon solar modules of 300 MW in Gujarat and 300...

Govt Issues Renewable Consumption Targets For Discoms, Others

The Ministry of Power, in its latest?notification, issued a trajectory of renewable energy consumption for discoms, open access and captive power consumers. The new norms make these obligated entities to phase out the usage of fossil fuels in a phased manner.? The new mandate was...

European Green Deal Law Aided In Increased RE Deployment: Report

The European Union (EU) shared a report titled ‘The State of the Energy Union’ 2023, by the European Commission. The report looks back on the EU response to the unprecedented energy crisis of the past two years. It assesses the state of play with the...

The Future of Solar Fabrication: Emerging Trends to Watch

As the world grapples with the consequences of climate change and transitions to cleaner and more sustainable energy sources, solar energy remains as a bright beacon of hope in the renewable energy landscape. Solar power accounts for?4.5% of the world’s electricity?and is the third largest...

Enfinity Continues Italian Conquest with 97 MW Agreement

Italy based firm A2A Group, which supplies energy solutions, has joined hands with Enfinity Global by way of a power purchase agreement (PPA) for three of Enfinity's solar projects in Lazio, Italy. The three projects account for a cumulative capacity of 97 MW. The agreement...

AmpIn & Jupiter Partnership Sets Sights on 1.3 GW Solar Manufacturing Unit

AmpIn Energy Transition, an Independent Power Producer (IPP) has announced its strategic partnership with solar solutions provider, Jupiter International Limited, to establish a joint venture dedicated to the solar manufacturing business. Under the JV, a state-of-the-art manufacturing facility will be set up, aimed at manufacturing...

IEA World Energy Outlook 2023-Focus on Affordability, Developing Nations To Achieve Targets

The International Energy Agency's (IEA) Annual World Energy Outlook Report is out, and it does its best to paint an optimistic picture of the possibilities from energy demand and supply. Even as meeting the target of limiting global warming to 1.5°C from human activity looks...

EV'S & STORAGE NEWS

IndiGrid Scores Maiden Win for 20 MW/ 40 MWh Battery Energy Storage System Project ?

IndiGrid (BSE: 540565 | NSE: INDIGRID), India’s first power sector InvIT, has received the Letter of Intent (LOI) / Letter of Award (LOA) from BSES Rajdhani Power Limited (BRPL) to look into the design, supply, testing, installation, commissioning, operation and maintenance of 20 MW/40 MWh...

Servotech Power Systems Files Two Patents for Energy Management Technologies

Servotech Power Systems, a manufacturer of EV chargers and solar solutions, has announced that it has filed two patents for innovative energy management technologies in order to facilitate grid service optimization through a battery energy storage system. These will also help effectively channel renewable energy...

RESEARCH REPORTS

Solar Accounted For 60% Of New Generation Capacity In Last 5 Years: IEA

The International Energy Agency (IEA) report titled “World Energy Outlook”, shares an update on India’s initiative to build energy security and reduce greenhouse gas emissions. The report states that recent events, such as rising heatwaves and other extreme weather events, have not caused a significant...

Flexible Energy Solution Key Towards Decarbonization: EEA

The European Environment Agency (EEA) recently published a?report?titled 'Flexibility Solutions for Decarbonization: Securing the EU Electricity System.' This report highlights a significant surge in renewable energy capacity, specifically in solar and wind energy, which is expected to increase from 24% to 60% of the total...

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