In Short : Stakeholders in the renewable energy sector have raised concerns over delayed Power Purchase Agreements (PPAs), excess renewable energy bids, and low demand from distribution companies (discoms). These issues are hindering project development and investments. Industry players have urged the government to address these challenges by streamlining PPA approvals, aligning bids with demand, […]
Lauritz Knudsen Expands Into Renewable Energy Sector – EQ
In Short : Lauritz Knudsen is expanding into the renewable energy sector, investing ₹850 crore in AI-driven automation and energy-efficient solutions. Unveiling innovations at ELECRAMA 2025, the company focuses on smart energy management, predictive maintenance, and e-mobility. This move aligns with India’s goal of 500 GW renewable capacity by 2030, supporting a sustainable energy tranasition. […]
RenewSys collaboration with Radiance – EQ
L-R: DhawalMakwana (Sr. Manager-SCM), ManikkanSangameswaran (Executive Director & CEO), NandkumarPai (Executive Director), NiranjanGirase (Manager-Sales), Rahul Galgate(DGM- Sales) RenewSys India Pvt. Ltd., recognized as the first integrated manufacturer of solar PV modules and its key components, has formalized an agreement with Radiance Renewables Private Limited. This partnership will see the supply of 72.5 MWp of advanced […]
India’s Renewable Energy sector is a leading global force: Union Minister Pralhad Joshi – EQ
In Short : Union Minister Pralhad Joshi hailed India as a global leader in renewable energy, highlighting the nation’s progress in solar and wind power. With a target of 500 GW of non-fossil fuel capacity by 2030, India is advancing its clean energy initiatives to combat climate change, boost energy security, and foster economic growth […]
ReNew, ACME, and Adani Secure Major Wins in ISTS Solar Power Auction – EQ
In Short : ReNew Power, ACME Group, and Adani Green Energy have emerged as major winners in recent ISTS solar power auctions conducted by SECI. ReNew secured 250 MW, ACME won 300 MW, and Adani obtained 50 MW, with competitive tariffs around ₹3 per kWh. These wins highlight their continued expansion in India’s growing renewable […]
India’s Renewable Energy Sector Attracts Record Investment in 2023 – EQ
In Short : India’s renewable energy sector attracted a record investment in 2023, reflecting growing global confidence in the country’s clean energy transition. Key contributions came from solar, wind, and green hydrogen projects, supported by favorable policies and private sector participation. This milestone strengthens India’s position as a leader in renewable energy, advancing its sustainability […]
NHPC plans to infuse Rs 5,500 Crore for Renewable Energy Sector in Bihar – EQ
In Short : NHPC plans to invest ₹5,500 crore in Bihar’s renewable energy sector, focusing on solar, floating solar, and storage projects. This initiative aims to enhance Bihar’s renewable energy capacity, complementing its existing 9,000 MW thermal power generation. NHPC is also developing similar projects in other states and will sign an MoU with the […]
Bihar govt to soon announce policy for renewable energy sector – EQ
In Short : The Bihar government is set to announce a new renewable energy policy to attract investments. The policy will feature single-window clearances and promote sectors like solar projects, smart meters, and floating solar initiatives. Bihar aims to enhance its infrastructure, including uninterrupted power supply and independent grids, while planning 185 MW of solar […]
Govt mandates use of locally-made solar cells from 2026 to curb imports – EQ
In Short : The Indian government has mandated the use of locally-manufactured solar cells starting in 2026 to reduce dependency on imports and boost domestic production. This move aims to strengthen the country’s renewable energy sector, support the “Make in India” initiative, and create jobs. It aligns with efforts to achieve self-reliance in clean energy […]
Union Budget 2024: Government allocates Rs 19,100 crore to new and renewable energy sector, shares rally – EQ
In Short : In the Union Budget 2024, the government has allocated Rs 19,100 crore to the new and renewable energy sector, signaling strong support for clean energy initiatives. This significant investment has led to a positive reaction in the stock market, with shares in the sector experiencing a notable rally as investors respond to […]