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Solar panel maker Emvee Energy to set up Rs 15,000 crore plant in Bengaluru
Economic Times
·
5m ago
Medial
Emvee Energy, a Bengaluru-based solar panel manufacturer, plans to invest Rs 15,000 crore in establishing a manufacturing plant, creating 10,000 jobs. The investment will commence with Rs 5,000 crore for a 5 GW capacity facility on 120 acres in Bengaluru's IT Investment Region. This initiative, linked to the Global Investors Meet, aims to boost green energy production through the production of essential solar power components. The government is considering facilitating their land request.
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NTPC Green Energy arm bags 300 MW solar project from NHPC
YourStory
·
6m ago
Medial
NTPC Green Energy Limited (NGEL) announced that its renewable arm, NTPC Renewable Energy Limited (NTPC REL), won a 300 MW solar project from the National Hydroelectric Power Corporation (NHPC) through an e-reverse auction. The project entails setting up a solar power plant with an energy storage system of 150 MW/300 MWh at a tariff of Rs 3.09/kWh. This win follows a major agreement by NGEL to develop renewable energy projects worth Rs 2 lakh crore in Andhra Pradesh.
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Micromax makes foray into renewable energy space
YourStory
·
5m ago
Medial
Micromax Informatics, a leading consumer electronics brand, has launched Startup Energy to enter the renewable energy sector. This new venture aims to transform India's solar panel manufacturing, supporting the country's clean energy mission. Focused on accessibility and cost-effectiveness, Startup Energy plans to produce high-efficiency solar panels for varied applications. It has partnered with China's Jinchen to set up a 5GW solar module manufacturing line, combining automation and cutting-edge technology for sustainable solutions.
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Now, Tesla Mulls Foray Into India’s Rooftop Solar Panel Market
Inc42
·
1y ago
Medial
Tesla is reportedly planning to enter India's rooftop solar panel manufacturing market. The company has approached the government with its plans and requested subsidies. Tesla will partner with a selected company to set up the manufacturing plant while bringing its technology and sales expertise. This move aligns with the Indian government's initiative to generate solar energy and provide free electricity to 10 million households. Additionally, Tesla is in advanced talks to establish a battery manufacturing plant and manufacturing Tesla cars in India. The negotiations for the first manufacturing unit are in the final stages. Starlink, Elon Musk's satellite broadband service, is also expected to launch in India soon.
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Fibe launches rooftop solar financing solution, partners with 100 solar EPC firms
Economic Times
·
1m ago
Medial
Fibe has entered the green energy sector with a new rooftop solar financing solution to make clean energy accessible to middle-income households. Partnering with over 100 solar installation EPC companies across India, Fibe offers collateral-free loans up to Rs 5 lakh to cover project costs, including panel and installation expenses. This initiative aims to overcome financial barriers to solar adoption, particularly in Tier-II and III cities, supporting the government's solar energy objectives.
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Andhra Pradesh Leads Solar Manufacturing Push, Jupiter Plans Rs 2,700 Crore Facility
OutlookIndia
·
2m ago
Medial
Jupiter Renewables is set to invest Rs 2,700 crore in establishing a solar cell manufacturing plant in Andhra Pradesh. The facility will produce 4.8 GW solar PV cells and 1.5 GW modules, creating over 2,200 jobs. Andhra Pradesh is becoming a key solar manufacturing hub, challenging traditional leaders like Gujarat and Tamil Nadu. The state aims to attract massive clean energy investments, bolstered by India's policies to boost local manufacturing and reduce import dependence.
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Sarda Energy gains 4% on Rs 150-crore order win
Money Control
·
1y ago
Medial
Sarda Energy and Minerals saw a 4% rise in its share price after securing a Rs 150 crore contract to construct a 50 MW solar power plant in Chhattisgarh. The project aims to fulfill the company's captive power requirements for its production and mining facilities. Gensol Engineering has been awarded the contract for designing, building, and commissioning the solar power plant. Sarda Energy and Minerals' board is scheduled to meet on February 3 to approve the unaudited financial results for the third quarter of FY24.
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ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project
Inshorts
·
2m ago
Medial
ReNew Power will invest ₹22,000 crore to set up India’s largest hybrid renewable energy park in Anantapur, Andhra Pradesh. Featuring solar, wind, and battery storage, the project supports India’s 2030 clean energy targets. It will generate 1.8 GW solar, 1 GW wind, and 2 GWh BESS, creating 10,000 jobs and boosting Andhra Pradesh’s green energy ambitions.
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Gruner to build a Rs 220 crore biogas plant in Gujarat
YourStory
·
1y ago
Medial
Gruner Renewable Energy is planning to set up a compressed biogas plant in Navsari, Gujarat, with an estimated cost of Rs 220 crore. The plant is expected to produce 44 tonnes of biogas per day using cost-effective feedstocks such as paddy, pressmud, cane trash, and municipal solid waste, resulting in an annual production of over 16,000 tonnes of biogas. This initiative aims to reduce India's reliance on fossil fuels and decrease the country's crude oil import bill.
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Adani’s Kamuthi plant: A testbed for the future of solar energy
Thehindubusinessline
·
1y ago
Medial
The Kamuthi solar plant, owned by Adani Group, is not only the world's largest solar plant in one location but also a platform for experimentation and learning. With a capacity of 648 MW, the plant incorporates various technologies such as bifacial modules, thin film modules, seasonal tilt, and trackers from different manufacturers. The data generated from the plant is being utilized for other installations, including the recently operationalized 551 MW solar plant in Khavda, Gujarat. Adani Green Energy Ltd currently has a 9 GW operating renewable energy portfolio and aims to reach 20.8 GW in the future.
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Oil India to invest ₹8,000 crore in ethanol
Livemint
·
1y ago
Medial
Oil India plans to invest INR 25,000 crore ($3.33 billion) in various initiatives to achieve net-zero emissions by 2040. This investment includes setting up a second-generation ethanol plant, with around INR 8,000 crore ($1.06 billion) allocated to the project. Additionally, the company will establish compressed biogas (CBG) plants and solar power facilities. Oil India subsidiary Numaligarh Refinery Ltd (NRL) is also working on a petrochemical plant worth INR 7,200 crore ($960 million). These efforts align with the company's goal of transitioning to cleaner energy sources and reducing greenhouse gas emissions.
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