APT Translations

Built with sustainability in mind, Skoda Auto Volkswagen India's new Parts Expedition Center in Chakan, Pune, will facilitate the export of CKD parts for assembly in Vietnam.

During a meeting in New Delhi on February 22, 2024, aimed at finalizing the Viability Gap Funding (VGF) scheme for BESS development, Singh underscored the necessity of establishing a 4,000 MegawattHours (MWh) capacity to meet the growing power demand and facilitate the nation's energy transition.

The projects inaugurated during the day were a renovated stadium at the Nurul Amin Stadium, the 'Assam Gaurav Path' and a 100-MW solar power plant, among others.

In a significant turnaround, January 2024 saw Sukhbir Agro Energy raising US$1 billion in a private equity round, indicating a potential surge in sectoral investments.

Located in Chhattargarh, the solar project is the first of its kind for NTPC Renewable Energy Ltd (NTPC-REL) in the region.

This strategic move, in line with the share purchase agreement signed in January 2024, enhances IndiGrid's portfolio to 19 solar projects across eight states, cumulatively generating 1.1 GWp, and elevates its Assets Under Management to around ₹282 billion.

ICRA forecasts a substantial rise in the contribution of RE, including large hydro, to India's total electricity generation, from about 23% in FY2024 to 40% by FY2030.

"We had to get 45 signatures to set up a small rooftop solar connection in 2021," said Shreya Mishra, CEO of Mumbai-based Solar Square, one of India's largest rooftop solar companies. "Today it's almost instantaneous."

The station is dedicated not only to electricity production but also to rural development, the welfare of displaced persons, and environmental conservation, he said, adding that the project achieved 89 per cent Plant Load Factor (PLF).

The company is a joint venture between France based Renault and Japan-headquartered Nissan and has a manufacturing facility at Oragadam near Chennai. It has planned to achieve carbon-neutral by 2045.