Day: January 23, 2025
IREDA Board approves ₹5,000 crore fundraising via QIP
The fundraising initiative is intended to strengthen IREDA’s financial resources to meet the growing demand for green energy financing. The process will proceed after obtaining necessary approvals from shareholders and regulatory authorities.
Saatvik Green Energy bags 23 MW solar EPC contracts from HPPCL
The Lamlehri project is expected to reduce over 402,000 tons of CO2 emissions during its lifetime, while the Gondpur project is estimated to mitigate nearly 457,000 tons.
Waaree Solar Americas starts 1.6 GW solar module production in Texas
The facility aims to meet the increasing demand for photovoltaic (PV) modules in North America, contributing to the localization of solar manufacturing in the United States. The initiative is also expected to create jobs and reduce dependence on imported solar products.
Indian Oil's green hydrogen plant in Panipat will be commissioned within 2 years says Chairman, IOC
In a significant step towards sustainability, Indian Oil Corporation (IOC) is set to commission its green hydrogen plant in Panipat, Haryana, within two years.
IH2A proposes $2.5 billion boost to green hydrogen mission
The proposal aims to address slow project development and lack of offtake agreements, while accelerating the establishment of a green hydrogen economy in India.
India's renewable energy capacity reaches 217.62 GW with record additions in 2024
The country’s renewable energy growth reflects a significant step toward its target of 500 GW of non-fossil fuel-based energy capacity by 2030.
India’s energy supply grows 6% in 2024, solar leads with 24.5 GW additions
The report noted that renewable energy capacity surpassed the 200 GW milestone, with solar energy driving the growth.
Apollo Green Energy plans to launch IPO by Q4 CY25
Plans to enter domestic solar manufacturing space by FY26.