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Apollo Green Energy prepares for IPO, eyes Rs

3 · Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, on Tuesday announced its plans to establish a Rs 10,000 crore project portfolio by 2025. Its current order book is valued at Rs 3,500 crore and active solar projects worth Rs 2,500 crore are under development across

JSW Neo Energy bags 600 MW wind-solar hybrid

The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

ACME Solar Holdings IPO Day 2: Subscription lags at

1 · Renewable energy player ACME Solar Holdings'' Rs 2,900-crore IPO has garnered moderate interest from shareholders so far. The issue had subscribed 0.46 times as of 10:48 AM on Thursday, which also marks the second day of subscription. NSE data showed that the ACME Solar Holdings IPO, which opened for

Uttar Pradesh government partners NTPC to float solar

3 · To make UP self-sufficient in energy production within three years, the state has set a target to connect 2.5 million households to solar energy under the ''PM Surya Ghar Yojana''. So far, 48,000 houses have been equipped with

Gujarat leads way as India sets ambitious renewable

In its journey towards a greener and more sustainable future, Gujarat has emerged as a trailblaser in the field of renewable energy. With a strategic focus on solar power, the state is playing a crucial role in helping India achieve its ambitious renewable energy targets, contributing significantly to the national goal of 500 GW of renewable energy capacity by 2030.

ACME Solar Holdings IPO subscribed 70%

1 · The offer received bids for 4.05 crore shares as against 5.82 crore shares on offer. The initial public offer (IPO) of ACME Solar Holdings received 4,05,69,939 bids for shares as against 5,82,03,223 shares on offer, according to stock exchange data at 17:00 IST on Thursday (7 November 2024). The

Bangladesh can meet entire electricity demand by

Bangladesh has the potential to generate enough solar energy to meet its entire electricity demand, contrary to the myth of land scarcity, as the country''s untapped Khas land, rooftops, water bodies, and arable land can be

Pralhad Joshi stresses on increasing solar projects

2 · For grid-connected solar power plants, tariffs have been reduced from Rs 10.95 during FY 2010-11 to Rs 2.60 during FY 2023-24," Joshi informed the delegates. As solar energy generation can be intermittent, depending on weather and time of

Renewable energy to fall short of UN goal to triple by 2030, says IEA

Renewable energy sources are set to meet nearly half of all electricity demand by the end of the decade, but to fall short of a UN goal to triple capacity to reduce carbon emissions, an International Energy Agency (IEA) report showed on Wednesday. The world is set to add more than 5,500 gigawatts

Domestic open access solar capacity addition

Open access solar installations rose two-fold in India to 1.8 gigawatts during January-March this year supported by several factors, including reduced module cost, US-based Mercom Capital has said. Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers.

Avaada Energy secures 1,400 MW solar project in

Avaada Energy on Tuesday said it has bagged a 1,400 MW solar project under tariff-based competitive bidding hosted by state-run hydro power giant NHPC Ltd. The project won through an e-reverse auction process showcases Avaada Energy''s commitment to competitive pricing with a winning tariff of Rs 2.53 per kWh, as per a company statement.

JSW Neo Energy bags 200 MW wind-solar hybrid

JSW Energy on Tuesday said its arm JSW Neo Energy has received a letter of award (LoA) for setting up a wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). The 200

Solar Energy

Read the latest news and updates on Solar Energy, Solar Power and Solar Electric Systems as renewable and alternate energy produced from Sun to conduct energy exclusively at Business Standard. ICC T20 World Cup 2024 Business Standard at 50 IPO News Jammu Kashmir Elections 2024 Haryana Elections 2024 ICC Women''s T20 World Cup 2024

ISA partners with MIGA to fund Solar Energy

The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group Guarantees, and the International Solar Alliance (ISA) have established a multi-donor trust fund to support and reduce the costs of solar power projects worldwide, according to a PTI report.

India''s renewable energy capacity grew by 165% in

He noted that solar energy capacity has expanded dramatically from 2.82 GW in March 2014 to 85.47 GW by June 2024, marking an increase of approximately 30 times. Joshi emphasized that renewable energy is no longer a choice for India but a necessity for the nation''s sustainable growth and development.

''India''s solar energy capacity jumped 33-fold in a decade'': PM Modi

India solar energy growth: While addressing the inaugural International Solar Festival, Prime Minister Modi praised India''s green energy progress and its status as the first G20 nation to meet Paris Agreement goals Maharashtra Elections 2024 Business Standard at 50 IPO News Afcons Infrastructure shares Jharkhand Elections Results 2024 US

Moody''s downgrades Azure Power Energy and Azure

Moody''s downgrades Azure Power Energy and Azure Power Solar Energy The one-notch downgrade of APE''s and APSEP''s debt ratings has been driven by governance issues related to internal controls and compliance. Maharashtra Elections 2024 Business Standard at 50 IPO News Muhurat Trading Jharkhand Elections Results 2024 US Election 2024;

India added 1.1 GW of rooftop solar capacity from

Brick kiln workers in western UP begin transition to solar energy ''Scaling up not a challenge for us anymore'' : Waaree Renewable Tech CFO. About 151 GW green capacity under implementation in India: Pralhad Joshi

JSW Neo Energy bags 200 MW wind-solar hybrid

JSW Energy on Tuesday said its arm JSW Neo Energy has received a letter of award (LoA) for setting up a wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). The 200 MW wind-solar hybrid power project was awarded to JSW Neo Energy in a tariff-based competitive bid, a JSW Energy statement said.

India emerging as clean energy superpower

They do not reflect the views of or the Business Standard newspaper. Also Read. Should aim to become clean energy exporter by 2030: Former NITI CEO Kant ISA partners with MIGA to fund Solar Energy projects in Sub-Saharan Africa ICC T20 World Cup 2024 Business Standard at 50 IPO News October Full Moon Day 2024

India added 1.1 GW of rooftop solar capacity from

Brick kiln workers in western UP begin transition to solar energy ''Scaling up not a challenge for us anymore'' : Waaree Renewable Tech CFO. About 151 GW green capacity under implementation in India: Pralhad Joshi Maharashtra Elections 2024 Business Standard at 50 IPO News Web Stories Jharkhand Elections Results 2024 US Election 2024;

Global solar investments set to reach $500 bn this

4 · Global solar investments have grown from USD 144 billion in 2018 to USD 393 billion in 2023 and are expected to reach USD 500 billion by the end of 2024." Today, he stated,

Tata Power Renewable Energy bags 400 MW wind-solar

The electricity generated by the hybrid project, which combines solar and wind energy, will be supplied to MSEDCL, aiding the utility company in meeting its energy needs sustainably and enhancing Maharashtra''s renewable energy portfolio. ICC T20 World Cup 2024 Business Standard at 50 IPO News October Full Moon Day 2024 Haryana Elections

Rajasthan plans to go all out on solar, shun coal

In 2023-24, Rajasthan''s commissioned solar capacity was over 1,296 megawatt (Mw), according to the state''s renewable energy website, with the best year being 2021-2022 when the commissioned solar energy was over 5,398 Mw. The state had over 15,195 Mw of aggregate solar capacity till December 2023.

ACME Solar Holdings IPO closes today: GMP turns

2 · Established in 2015, ACME Solar Holdings is a leading player in the Indian renewable energy sector, specialising in solar and wind energy projects. As of March 2024, the company''s operational solar capacity reached 1,320 MW. Maharashtra Elections 2024 Business Standard at 50 IPO News Business Standard BFSI Summit 2024 Jharkhand

Delhi CM Atishi pushes for timely subsidy

The policy includes capital subsidies, generation-based incentives, and a unique financial model to make solar energy accessible for all sectors of society, she added. Under the Delhi Solar Policy, the government will offer Rs 3 per unit of electricity generated for residential systems up to 3 kW and Rs 2 per unit for systems up to 10 kW.

JSW Energy bags 700 MW solar project from SECI

JSW Neo Energy, a wholly owned subsidiary of JSW Energy has received a letter of award (LoA) for ISTS-connected solar capacity of 700 MW from Solar Energy Corporation of India (SECI). The LoA was received against tariff based competitive bid invited for setting up of 1,500 MW ISTS-connected solar power projects.

Reliance Power bags 500 MW battery energy storage

Reliance Power on Monday announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The auction, held on September 11, 2024, is part of SECI''s initiative to enhance energy storage capabilities across the country.

Adani Green Energy raises $400 mn for its solar

Adani Green Energy (AGEL), India''s largest renewable energy firm, has raised $400 million in financing from a consortium of international lenders for its under-construction 750 megawatt (Mw) solar power projects in Rajasthan and Gujarat, the company said in a statement on Wednesday.

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Trade and industry bodies in Rajasthan call for creating solar energy

"For this, separate manufacturing hubs should be created. There are only a few solar panel producers in the state. For the solar energy plants installed here, solar panels are bought from either Gujarat or China. If the government promotes solar panel manufacturing here, then its revenue will increase.

Bangladesh can meet entire electricity demand by solar energy:

Bangladesh has the potential to generate enough solar energy to meet its entire electricity demand, contrary to the myth of land scarcity, as the country''s untapped Khas land, rooftops, water bodies, and arable land can be used to produce a significant amount of solar power, according to a study. Keep updated, follow The Business Standard''s

Avaada Energy closes Rs 597 crore refinancing for solar projects

Avaada Energy, an arm of Avaada Group, said it has closed approximately Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects in the states of Karnataka and Maharashtra. The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL), an

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