MNRE approves infusion of Rs 10 billion in SECI

January 31, 2022

The Ministry of New and Renewable Energy has approved an equity infusion of Rs 10 billion in Solar Energy Corporation of India Limited (SECI). According to the government, the funding will enable SECI to publish […]

Banking on Electric Vehicles in India

January 28, 2022

The Reserve Bank of India’s Priority Sector Lending (PSL) guidelines require scheduled banks to allocate 40 percent of their total credit to sectors of national priority. Including EVs as a priority sector has the potential […]

RenewSys expands solar encapsulant capacity to 3 GW

January 27, 2022

RenewSys has announced that its annual solar cell encapsulant manufacturing output has reached 3 GW with the recent commissioning of a new encapsulant line at its Bengaluru facility. Ethylene-vinyl acetate and polyolefin elastomer sheets can […]

NTPC floats tender for 720 MW of wind projects

January 27, 2022

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC Limited, has issued a request for proposals for the development package (Balance of System with Land) of ISTS-connected wind energy projects with a capacity of up to […]

RNESL to acquire Faradion Limited for £100 million

January 25, 2022

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into a definitive agreement to acquire Faradion Limited’s entire shareholding for £100 million. RNESL will also invest £25 million […]

CCEA approves infusion of Rs 15 billion in IREDA

January 25, 2022

The Cabinet Committee on Economic Affairs has approved a Rs 15 billion equity infusion in Indian Renewable Energy Development Agency Limited (IREDA). This equity infusion is expected to contribute to the creation of about 10,200 […]

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