Daily News Wrap up: Rayzon, Cliantech Sign Up For 5GW Capacity Expansion At REI

RENEWABLE ENERGY NEWS

Rayzon, Cliantech Sign Up For 5GW Capacity Expansion At REI

Surat-based Rayzon Solar has signaled its commitment to its already string momentum will continue as it signed a major agreement with Cliantech Solutions to launch a 5 GW solar production line. The signing was done at the REI Expo in Noida. The Chirag Nakrani and...Read more .

MNRE Issues Revised Standards For PM-KUSUM Scheme

The Ministry of New and Renewable Energy (MNRE) recently updated its standards and specifications for solar photovoltaic (SPV) systems under the PM-KUSUM scheme. The government proposed to update the standards and specifications to include new technology and improve eqiopment used in such projects. The government...Read more .

Green Stocks Sep 7: Red Monday For Green Energy Stocks

On a day when the broader market continued to slide, continuing from the losses suffered last week, the small-cap and midcap space, where a majority of green energy stocks reside, suffered heavy losses. That is evident when you see names like Waaree RTL, Shakti Pimps,...Read more .

Tata Power-DDL Wins Deming Prize 2024

Tata Power Delhi Distribution Limited, a pioneering power utility supplying electricity to a populace of 7 million in North Delhi, has won the ‘Deming Prize 2024’ in recognition of its Total Quality Management (TQM) practices. The award ceremony to felicitate the winners will take place...Read more .

GAIL and AMG enter into a 2.5 GW RE Agreement

GAIL (India) Ltd and AM Green (AMG) signed a Memorandum of Understanding (MoU) for the development of up to 2.5 GW of solar-wind hybrid renewable energy projects across India. The deal would also involve a study on the utilization of around 350 kta (kilotons per...Read more .

IEX September Update- Green Market Grows 214% Growth

The Indian Energy Exchange, India’s pre-eminent electricity exchange, achieved total monthly volume (including certificates) of 11,370 MU in September’24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy...Read more .

Gensol Engineering Appoints Ankit Jain As Chief Financial Officer

Renewable energy company Gensol Engineering Limited today announced the appointment of Ankit Jain as the Chief Financial Officer (CFO). Ankit will be succeeding Jabir Mahendi Aga, who is moving into an expanded leadership role within Gensol Group. Gensol Engineering is an EPC company in the...Read more .

REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding

REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ?90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ?11,297 crore. Notably, the...Read more .

India’s Clean Tech Capacity To Rise Significantly By 2030: S&P Report

According to Clean Energy Technology research team at S&P Global Commodity Insights, India has introduced various initiatives to enhance domestic manufacturing, aiming to minimize reliance on imported goods and bolster local manufacturing. With these supportive strategies, India's clean energy technology capacity is projected to rise...Read more .

EV's & Storage News

Govt Extends EV Charging Norms For Battery Swapping Centers

The Ministry of Power (MoP) in its latest notification extended several norms, meant for Electric Vehicle (EV) Charging Stations for Battery Swapping Stations (BSS) and Battery Swapping Charging Stations (BCS). This notification comes at a time when the government and several battery swapping companies are...Read more .

Top 5: Battery Energy Storage Projects Commissioned in India

Battery energy storage systems (BESS) have solved a key challenge for renewable energy, addressing the fluctuating nature of sources like solar and wind. Globally, new solar and wind projects are now integrating modern energy storage systems to ensure a reliable energy supply. Countries like China,...Read more .

India’s First Second Life Battery UPS In Pune Takes Shape Via MG Motor, Vision Mechatronics

JSW MG Motor India, the JV between the JSW group and China's SAIC Motors that has? strong portfolio of EVs for India has made a strong sustainability push for the batteries powering its EVs. And with good reason, considering how these sturdy batteries can increasingly...Read more .