APT Translations

China produces 84% of the world’s solar modules and 86% of its lithium-ion batteries, as well as 67% of the nacelles that join wind turbines' blades to their towers, and 70% of electrolyzers for manufacturing green hydrogen.

The recognition of the right against climate change by the Indian Supreme Court marks a crucial step towards environmental protection and human rights, and therefore, is a worthy leap.

State governments should also prioritise giving right of way to the industry for setting up their own evacuation infrastructure for transmission of renewable power, the study said.

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, the company said in a statement.

According to the International Renewable Energy Agency (IRENA), the green sector employed 11 million people in 2018, with projections of over 42 million jobs by 2050, highlighting its potential to create new industries and jobs.

The U.S. solar market has seen significant momentum since last year, helped by regulatory steps such as the Biden administration's 2022 Inflation Reduction Act, which provides tax credits for panels made in the United States.

The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information.

This project is set to integrate solar, wind, and battery storage technologies to deliver continuous power, especially during peak demand hours.

The sale of energy increased 47 per cent year-on-year to 21,806 million units in FY24, primarily backed by strong capacity addition, consistent solar CUF (capacity utilisation factor) and improved wind and hybrid CUF.

The firms said there is no material non-compliance with applicable laws and regulations and no material consequential effect.