REnergy Dynamics Launches with ?5000 Crore Target by 2029 in Renewable Energy; MERC Proposes 2024 Amendment for Rooftop Renewable Energy and More...

REnergy Dynamics (RED), a company focused on advancing the renewable energy sector with a special emphasis on bioenergy, officially announced its launch. Co-founded by Kushagra Nandan, a serial clean tech entrepreneur and former MD of SunSource Energy, along with Varun Karad, a bioenergy entrepreneur, RED aims to develop sustainable energy projects contributing to a greener future.

In Maharashtra, a significant step towards sustainable energy use is underway with a draft amendment to existing guidelines concerning Grid Interactive Rooftop Renewable Energy Systems. This second amendment enables both individual and collective setups of renewable energy systems, such as solar panels, within the same electrical distribution area, thereby enhancing accessibility and utility.

State-Owned GAIL (India) Limited Ltd has inaugurated its first green hydrogen plant at Vijaipur in Madhya Pradesh, marking a significant step in the company’s expansion into alternative energy sources. The 10-megawatt proton exchange membrane (PEM) electrolyser for this facility was imported from Canada.

In a recent development impacting the electricity sector in Tamil Nadu, various stakeholders, including industries and small and medium-sized enterprises (SMEs), have voiced their concerns regarding proposed changes to open access regulations. These changes could potentially affect the accessibility and cost of electricity for many businesses, particularly those with lower energy requirements.

Adani Solar, the solar PV manufacturing division of the Adani Group , announced its expansion into Kerala, citing the state’s significant potential in the solar energy market. The company signed a Memorandum of Understanding (MoU) with the Kochi-based Almiya Group, a well-known solar distributor, to solidify its presence in the region.