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Home2023March

Month: March 2023

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Projects

L&T bags transmission project to evacuate solar power from Rajasthan

March 28, 2023

Larsen & Toubro (L&T) announced that its ‘Power Transmission & Distribution Business’ has won engineering, procurement and construction (EPC) contracts in India and abroad. L&T has secured turnkey packages to construct over 365 km of […]

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Financings

Tata Cleantech Capital receives $50 million sustainability-linked bond from IFC

March 28, 2023

The International Finance Corporation (IFC) announced a $50 million investment in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital (TCCL). The funding will assist in diversifying the company’s borrowing profile in the fight against […]

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Financings

PFC raises $2.6 billion from JBIC for emission-reduction projects

March 28, 2023

Power Finance Corporation (PFC) has signed a loan agreement worth $20.2 million with Japan Bank for International Corporation (JBIC). The funds raised will be used by PFC to finance its renewable energy portfolio and provide […]

Expert Take

Safety First: O&M challenges in floating PV systems

March 28, 2023

By Satish Pandey, Head – Analytics and Advisory; Sourav Kumar, Head – BU and Sanya Verma, Mahindra Teqo The global solar business has experienced exponential expansion in recent years. The growth of the sector has […]

Projects

Indian government allocates 39,600 MW of domestic solar PV module manufacturing capacity under PLI (Tranche-II)

March 28, 2023

The Indian government has allocated a total capacity of 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14 billion under the Production Linked Incentive Scheme […]

Company Release

IFC issues Sustainability-Linked Bond to Tata Cleantech Capital, a first-of-its-kind to foster renewable energy, drive climate targets  

March 28, 2023

New Delhi, March 24, 2023: A new funding is set to spur India’s renewable energy capacity and help improve access to climate finance, with International Finance Corporation (IFC) investing INR 3,750 million (about $50 million) […]

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Company Release

Press Release: Berlin Energy Transition Dialogue 2023

March 28, 2023

Press Release Berlin Energy Transition Dialogue 2023 28 –29 March 2023 | Federal Foreign Office How renewables can close the gap to 1.5 degrees Federal Minister for Foreign Affairs Annalena Baerbock opens the 9th Berlin […]

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Miscellaneous

MoP organises National Conference on Biomass “3P -Pellet to Power to Prosperity” to promote use of biomass pellets

March 27, 2023

Under the umbrella of the National Mission on the Use of Biomass in Thermal Power Plants (SAMARTH) and the National Power Training Institute, the Ministry of Power (MoP) hosted a National Conference on Biomass titled […]

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Projects

JSW and Greenko bags 1 GW project for pumped storage in Karnataka

March 27, 2023

JSW Neo Energy Limited and Greenko KA 01 IREP (Greenko) have bagged an auction held by the Power Company of Karnataka Limited (PCKL) to supply 1 GW of energy for 8 hours daily from pumped […]

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Projects

IOCL announces O&M tender for solar project in Ahmedabad

March 27, 2023

Indian Oil Corporation (IOCL) has requested bids for the five-year operation and maintenance (O&M) of an existing 8 MW solar power project at the Sanand LPG bottling plant in Ahmedabad. The project is expected to […]

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Projects

BVG bags BOS package for solar project in Punjab

March 27, 2023

SJVN Green Energy awarded the balance-of-system (BOS) package for a 100 MW (AC) grid-connected solar PV power plant to Pune-based Bharat Vikas Group (BVG). The project is situated in Punjab and it is estimated to […]

Data & Statistics

Tender Update: Recent issues and bid extensions

March 27, 2023
Data & Statistics

Key Statistics: Financial support under ongoing government schemes for solar power

March 27, 2023
Data & Statistics

Key Statistics: Solar power deployments

March 27, 2023
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International News

LG Energy Solution to build $5.5 billion battery manufacturing complex in US

March 27, 2023

LG Energy Solution, a South Korean provider of energy solutions, has announced plans to invest $5.5 billion in the construction of a new battery manufacturing plant in the US. The manufacturing facility, which will be […]

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International News

OX2 to construct 1.9 GW offshore energy hub in Baltic Sea

March 27, 2023

OX2, a Swedish renewable project developer, has begun construction on a 1.9 GW energy hub called Neptunus in the southern Baltic Sea. The hub, which will be situated in the Swedish economic zone, will be […]

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Data & Statistics

Key Statistics: India’s power capacity mix

March 27, 2023
Data & Statistics

Key Statistics: India’s power capacity mix

March 27, 2023
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Company Release

International Solar Alliance (ISA) & United Nations Development Programme (UNDP) launch pilot projects on Scaling Solar Applications for Agriculture Use in 10 African Member Countries

March 27, 2023

Delhi, India | 27 March 2023: ISA and UNDP announced the launch of ISA’s first programme, Scaling Solar Applications for Agriculture Use (SSAAU), in ten African ISA Member Countries: Benin, Democratic Republic of Congo, Mali, […]

Solar Power

Solar PV Recycling: Adopting circular value chains for waste management

March 27, 2023

According to the National Solar Energy Federation of India, 34,600 tonnes of cumulative solar waste may be generated in India by 2030. Therefore, it is crucial to ensure that the renewable energy sector does not […]

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Solar Module Manufacturers in India

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