Day: November 5, 2024
Global solar capacity hits 1,418 GW, investments reach $3.1 trillion: Report
The World Solar Market Report forecasts that global solar capacity could reach as high as 7,203 GW by 2030, fueled by climate goals under the Paris Agreement. Alongside this, the solar sector has seen employment soar to 7.1 million jobs worldwide—a 44% increase from last year—highlighting solar’s…
ACME Solar’s IPO to open on Wednesday; price band set at Rs 275 to Rs 289 equity share
The IPO will close on Friday, 8 November, 2024. Investors can bid for a minimum of 51 Equity Shares and in multiples of 51 Equity Shares thereafter.
Decoding domestic solar manufacturers IPO streak
“There is a likelihood that just like other markets in India, it may lead to market consolidation, where eventually over time only a few of the largest manufacturers who are able to raise capital effectively and in a diversified way with backward integration will sustain,” Jyoti Gulia, CEO, JMK…
Solar efficiency, cost reductions key to energy transition: Pralhad Joshi
The minister highlighted India’s achievements under Prime Minister Narendra Modi’s leadership, with solar tariffs dropping 76% over the last decade. “Tariffs for grid-connected solar plants have decreased from ₹10.95 per unit in FY 2010-11 to ₹2.60 in FY 2023-24,” he said, noting that cost…
Apollo Green Energy eyes ₹10,000 crore in renewable projects; IPO on horizon for expansion
Operating in eight states, AGEL has developed a diverse portfolio, including 400 MW in solar installations and a ₹700 crore Flue Gas Desulfurization (FGD) project nearing completion to help reduce emissions in power generation. With this range of initiatives, AGEL seeks to align with India's clean…
Rajasthan, Gujarat urged to boost renewable policies, tap untapped solar potential: IEEFA
“India’s energy transition requires states to strengthen renewable energy initiatives. Even leaders like Rajasthan and Gujarat must keep taking stock and corrective measures to ensure they do not lose momentum,” said Vibhuti Garg, co-author of the report and Director – South Asia, IEEFA.