Daily News Wrap up: India Needs 3.9 Million Charging Stations by 2030: Report
Saur Energy International Magazine
Saur Energy International Is the most well read magazine on solar energy news and the energy transition in India
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India Needs 3.9 Million Charging Stations by 2030: Report
A latest report from GameChanger Law Advisors and Speciale Invest claimed that to meet its ambitious 2030 EV adoption targets, India needs to install at least 3.9 million charging stations, making charging accessibility one of the most pressing challenges for the industry. The report titled... Read More.
Green Stocks Feb 6: Performance Matters Is the Only Mantra, As KPI Green Shines
With a sterling 60% growth in topline and 80% plus in the bottom line, KPI Green was one of the few stocks to withstand another day of selling pressure among our green stocks today. Almost all other stocks other than Borosil Renewables, felt the pressure,... Read More.
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RENEWABLE ENERGY NEWS
APTEL’s Relief To ACME Over COVID-Linked ‘Force Majeure’
The Appellate Tribunal For Electricity (APTEL) has now ordered in favour of ACME Heergarh Powertech Private Limited in a case related to force majeure, triggered by the COVID pandemic. The judgment was passed after the petitioner (ACME) approached the apex body by challenging an impugned... Read More.
India’s Solar Cell Capacity To Cross 50 GW By 2027: Crisil
India's solar cell manufacturing capacity is set to touch 50-55 GW by fiscal 2027, up five-fold from 10 GW at the end of fiscal 2024, propelled by the government’s policy thrust to reduce imports of cells and modules, a study by Crisil Ratings said. The... Read More.
Renewable Energy Tariffs Drop 50% Since FY 2013-14: Govt
The Ministry of New and Renewable Energy (MNRE) said that renewable energy tariffs in the country have gone down up to 50% since 2013-14. The information was furnished by the ministry before the Parliament in a written reply. Mentioning the range of tariff rates, the... Read More.
West Bengal Issues Tender To Build Ground-Mounted Solar Project
The West Bengal State Electricity Distribution Company (WBSEDCL) has issued a tender to develop a 10 MW ground-mounted solar project across different districts of West Bengal. WBSEDCL is accepting bids until February 22, 2025. West Bengal solar project includes three years of comprehensive operation and... Read More.
CSP Capacity Needs To Touch 196.7 GW By 2030: Report
A latest report from the International Renewable Energy Agency (IRENA) claimed that in a scenario aligned with the Paris Agreement, global installed Concentrated Solar Power (CSP) capacity will need to reach 196.7 GW by 2030. The report dealt with various issues related to the growth... Read More.
Q3 Results: KPI Green Revenues Up 60%, PAT Grows 86% In Q3
Gujarat-based KPI Green Energy continues to demonstrate strong financial growth, with an increase in its turnover in the third quarter of FY 2024-2025 (Q3 FY 2024-2025). The company's total revenue recorded, Rs. 466.1 crore, reflected a 40.6% increase from 331.33 crore in Q3 FY 2023-2024.... Read More.
Solarium Green IPO Launched- Company Seeks to Raise Rs 105 crore
Ahmedabad-based Solar EPC and O&M provider Solarium Green Energy has launched its IPO today. The IPO comprises a fresh issue of?54,99,600 Equity Shares of ? 10 each at a price band of Rs 181-191. Thus, at the upper end of the price band, the company... Read More.
Amazon To Add Three New Wind Farm Projects Across India
American multinational technology company, Amazon?has invested in three new wind energy projects across India, further expanding its presence in India. The new projects include wind farms in Karnataka, Maharashtra, and Tamil Nadu. Its latest investment expands the company's renewable energy portfolio in India which now... Read More.
CtrlS Datacenters Unveils Captive Solar Farm — GreenVolt1
CtrlS Datacenters Ltd, a data center operator, unveiled its captive solar farm, GreenVolt 1, in India. Phase I, with a capacity of 62.5 MWp, went live in June 2024, while Phase II, with an additional capacity of 62.5 MWp, is under implementation. CtrlS has spent... Read More.
EV's & Storage News
H.G. Infra Sets Up Subsidiary To Expand Into BESS Sector
Gujarat-based H.G. Infra has expanded into the Battery Energy Storage System (BESS) segment with the incorporation of its new subsidiary, 'H.G. Gujarat BESS Private Limited'. The H.G. Infra announced the incorporation of the subsidiary in a regulatory filing. It said, “This Special Purpose Vehicle (SPV),... Read More.
Researchers Find New Way To Boost Lithium-ion Battery Performance
Researchers at the Seoul National University of Science and Technology (South Korea) have now found a new innovative way to boost the performance of Lithium-ion batteries. Lithium-ion batteries are considered key to the success of Electric Vehicles globally. The new research is likely to boost... Read More.