APT Translations

U.S. President Joe Biden's administration has awarded over $100 billion in climate law grants from the Inflation Reduction Act. These grants will support the deployment of clean energy even after President-elect Donald Trump, who aims to rescind all unspent IRA funds, takes office. The administration is set to exceed its funding goals before Biden's term ends.

The partnership, which includes exclusive rights for manufacturing and deploying SoHHytec’s technology in India, aligns with India’s target of producing 7.5 million tonnes of green hydrogen annually by 2030.

The company recently completed its first solar financing transaction, worth ₹3.25 crore, enabling the installation of a rooftop solar unit at a manufacturing facility in Baroda, Gujarat, for a $3 billion company.

PM Surya Ghar Muft Bijli Yojana targets to achieve 1 crore rooftop solar installations in residential sector by FY27 with an outlay of Rs 75,021 crore.

Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India, a Tata Power statement said.

The supply is scheduled to commence in ongoing financial year 2024-25 and continue till 2025-26, Waaree Energies said in a statement.

The contract for ground mounted solar plant includes operation and maintenance (O&M) services on comprehensive basis for a period of five years, the company said in an exchange filing.

This growing dependence on foreign sources is raising concerns about India's ability to meet the surging demand for copper, a critical material for renewable energy infrastructure and electric vehicles.

The vice president was addressing the students of the Indian Institute of Technology (IIT) Kanpur on the topic 'role of innovation in the development of India', with Uttar Pradesh Governor Anandiben Patel, Assembly Speaker Satish Mahana, and the institute's Director Professor Manindra Agrawal also in attendance.

Indian tycoon Gautam Adani said his conglomerate is committed to "world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced.