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India's non-fossil fuel-based energy capacity rises 22% to 297.36 GW in June
India's non-fossil fuel energy capacity reached 297.36 GW in June. This represents a significant year-on-year increase of over twenty-two percent. Solar energy capacity grew substantially to 162.15 GW from 116.25 GW. Wind energy also saw an increase, contributing to the overall clean energy expansion. The nation continues its accelerated progress towards ambitious clean energy goals.
World Bank Group commits $890 million to promote solar rooftop project in India
The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels. This support will help scale residential solar and reduce household electricity costs.
India's growth riding on copper, govt should help boost capacity, industry body says
India's infrastructure boom fuels copper demand growth significantly higher than GDP. Copper demand is projected to rise nine to ten percent annually. This surge is driven by infrastructure, clean energy, and consumer electronics needs. India has become a net importer of copper after a smelter closure. New capacities are emerging, but a deficit is still expected.
Govt extends BIS certification deadline for large solar inverters to December 31
The renewable energy ministry has extended the deadline for mandatory BIS certification. This extension applies to solar photovoltaic inverters with capacities exceeding two hundred kilowatts. The new deadline for self-certification is December thirty-first, which is later than the original date. Manufacturers can continue supplying these inverters based on self-certification and valid IEC certificates. This decision was made due to limited testing facilities for high-capacity solar inverters.
Premier Energies doubles solar module capacity, enters battery storage business
Premier Energies has commissioned a 5.6 GW solar module manufacturing plant in Telangana, doubling its total module capacity to 11.1 GW, while also laying the foundation for a 6 GWh battery energy storage facility and an aluminium frames plant.
Premier Energies commissions 5.6 GW solar module plant in Telangana
Premier Energies commissioned a significant 5.6 GW solar module facility in Telangana. The company also began construction for a 6 GWh battery storage system. This expansion increases Premier Energies' module manufacturing capacity to 11.1 GW. These new projects aim to strengthen India's clean-energy ecosystem and supply chain. The company is also investing heavily to become an integrated solar manufacturer.
Tamil Nadu government signs MoU with Vikram Solar to set up Rs 15,037 cr BESS plant in Tirunelveli
Tamil Nadu government and Vikram Solar signed an MoU for a new plant. This facility will manufacture Battery Energy Storage Systems in Tirunelveli district. The significant investment will create over two thousand job opportunities for local residents. Vikram Solar already operates solar module manufacturing units within the state. This expansion deepens the company's commitment to green energy initiatives.
NITI Aayog holds stakeholder consultation on critical mineral demand, supply chain security amid rising clean energy needs
NITI Aayog convened experts to assess India's future critical mineral needs. Discussions focused on demand, supply chain vulnerabilities, and domestic capabilities. India's clean energy and advanced manufacturing expansion will drive mineral demand. The nation faces import dependency, requiring supply source diversification and domestic value chains. These efforts aim to secure long-term economic and national security objectives.
Premier Energies inaugurates 5.6 GW solar module manufacturing facility at Seetharampur
Premier Energies inaugurated its new 5.6 GW solar module manufacturing facility at Seetharampur in Rangareddy, Telangana. The company also performed a ground-breaking ceremony for its 6 GWh Battery Energy Storage System (BESS) facility and 18,000 metric tonnes per annum aluminium frames facility. The Seetharampur manufacturing campus, spread across 75 acres, is the newest addition to the Premier Energies manufacturing business.
Solex Energy gains on securing Rs 628-cr order for supply of solar PV modules
Solex Energy jumped 5.39% to Rs 1,051.80 after it has received a work order from a leading independent power producer for the manufacture and supply of solar photovoltaic (PV) modules worth Rs 628.37 crore.
Adani Enterprises, France's Dioxycle partner on low-carbon chemicals in India
Adani Enterprises and Dioxycle have formed a long-term partnership for chemical production. This collaboration marks Adani Group's entry into the low-carbon chemical sector. Initially, a pilot plant will produce formic acid using renewable energy sources. The companies will also explore other emissions-reducing chemical production opportunities. This venture aims to convert captured carbon emissions into valuable products.
Ajit Mishra recommends buy on Aether Energy, Sun Pharma; sell on ITC
Ajit Mishra of Religare Broking says that Ather Energy and Sun Pharma have a given a upside breakout after a period of consolidation, while ITC seems to be losing momentum on charts.