Daily News Wrap up: India Adds 11GW Solar Capacities In The First 5 Months Of 2024

RENEWABLE ENERGY NEWS

India Adds 11GW Solar Capacities In The First 5 Months Of 2024

The latest statistics from the Ministry of New and Renewable Energy (MNRE) revealed that India added around 11 GW of new solar capacities in the first five months of 2024. However, wind capacity additions remained on a lower side. The latest monthly renewable energy capacity...Read more .

Waaree Energies Supplies 68 MW Solar Modules For Mahagenco Project

Waaree Energies Limited, manufacturer of solar PV modules with an installed capacity of 12 GW, as of June 30, announces the successful delivery of 68 MW of its Bi-55 bifacial dual glass framed modules to Gensol Engineering Limited. These modules, delivered in March 2024, are...Read more .

Vibrant Energy Appoints Vinay Pabba As Its New CEO

Hyderabad-based, Vibrant Energy, an owner and developer of corporate renewable energy solutions, announced the appointment of Vinay Pabba as its next Chief Executive Officer (CEO).Vinay Pabba, currently Vibrant Energy’s Chief Operating Officer (COO), will shortly be stepping up into the role of CEO. He brings...Read more .

Green Stocks June 12: Gensol, Waaree Stock Prices Up By 5%

In the stock market today, seven out of 11 stocks received positive growth in their numbers. Stock prices of companies like Waaree Renewables and Gensol Engineering stock rose by 5% whereas, five companies saw a drop in prices, with Sterling and Wilson stocks facing a...Read more .

RERC Resolves Hurdles Of Technology-Agnostic RPO Compliance

The Rajasthan Electricity Regulatory Commission (RERC) in its latest suo motto order has tried to allay the apprehensions of the obligated entities towards the government mandate of technology-agnostic Renewable Purchase Obligations (RPOs).? The Union government and CERC had earlier mandated the compliance of RPOs through...Read more .

BluPine Energy and Dalmia Cements Ink Solar Project Deal

BluPine Energy has announced that it has signed a power purchase agreement (PPA) with Dalmia Cements Limited (Bharat) to set up a 46.8 MWp solar power project in Karnataka. Once completed, this project is expected to generate approximately 93 million units of electricity per year,...Read more .

Vesper Energy Finalizes $592 Mn Investments For Hornet Solar Project

Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, representing approximately $592 million in investments. The syndication process was initiated after the Hornet Solar project's financial close in December 2023. This signals continued investor confidence in the...Read more .

ArcelorMittal Bremen and wpd To Develop 72 MW Wind Farm In Germany

ArcelorMittal Bremen cooperates with the local wind energy projecter WPD for the planning, construction and operation of Wind farms on the factory premises. Both companies have signed a Memorandum of Understanding. So is the foundation for long-standing cooperation, in which wpd on the ArcelorMittal factory...Read more .

Repsol Signs RE Purchase Agreement with Microsoft

Repsol will supply Microsoft renewable electricity after reaching an agreement for a combined six long-term virtual power purchase agreements (VPPAs). These 12-year supply agreements are linked to three?wind farms and three solar plants in Spain with a total installed capacity of 230 MW that will...Read more .

Growatt To Showcase Smart Energy Solutions At SNEC Expo 2024

The SNEC PV Power Expo, scheduled from June 13 to 15, will be held at the National Exhibition and Convention Center (Shanghai) in China, serving as a platform to gather all professionals and discover the most pioneering trends in the field of new energy. At...Read more .

China’s ‘Spare Solar’ Capacity Offers Energy Access Avenues: EMBER

A recent report by EMBER delved into the untapped potential of surplus solar manufacturing capacity in China, highlighting its pivotal role in addressing both energy access and climate change. It revealed that despite the exponential growth in global solar manufacturing capacity, the deployment of solar...Read more .

Radiance Renewables & PIDG Form JV For RE Growth In India

Radiance Renewables and the Private Infrastructure Development Group (PIDG) company, InfraCo Asia, announced a joint venture (JV) – Radiance InfraCo Renewables Private Limited. The JV will develop a portfolio of greenfield renewable energy projects for C&I clients in India, enabling them to reduce carbon emissions...Read more .

EV'S & STORAGE NEWS

GUVNL Awards Gensol 250 MW/500 MWh BESS Project

Gujarat-based, state electricity regulation board Gujarat Urja Vikas Nigam Limited (GUVNL) declared Gensol Engineering as the lowest bidder for the project in a energy storage tender issued by them. The Gujarat-based EPC company emerged as the lowest bidder for its 250 MW/500 MWh standalone battery...Read more .

Blive Unveils EZY Electric Vehicle Rental Program

BLive, an e-mobility platform, launched the 'BLive EZY EV Rental Program'. This program is for last-mile mobility partners to bridge the financial gaps that delivery riders face when transitioning to electric vehicles (EVs). The integrated AI-enabled platform brings together the entire EV ecosystem, including EV...Read more .

With Latest Funding, Battery Smart To Expand Services In More Cities

Indian battery swapping company Battery Smart announced it has raised $65 million in a Series B funding round led by LeapFrog Investments, the pioneering profit with purpose firm. The equity round consisted of a mix of primary and secondary investments and saw participation from new...Read more .