APT Translations

The bonds would be issued mainly under Adani Green Energy and Adani Energy Solutions, the group's renewable energy and power transmission units, and through special purpose vehicles, the report said.

The Rajasthan Government led by Chief Minister Bhajanlal Sharma held a cabinet meeting at the Secretariat on Wednesday and made several important decisions, including 33 per cent reservation for women in the police department.

Alpex Solar, one of the oldest solar module manufacturers, is expanding into solar cell production to enhance its cost efficiency and profitability. Ashwani Sehgal, Managing Director of Alpex Solar, said, “We are exploring the foray into solar cell manufacturing, which may offer multiple advantages, including cost, profitability, and branding.”

In a significant move towards enhancing India's green hydrogen ecosystem, the government has launched a detailed study to evaluate the cost-effectiveness and reliability of transporting green hydrogen through dedicated pipelines from renewable energy zones to ports.

The capacity added in the first half of 2024 surpassed the total annual installations of previous years, highlighting the growing demand for open access solar from industries and commercial units.

The report, released as part of the New Energy Outlook 2024, highlights the urgency of expanding renewable energy sources to meet the country's decarbonization goals and stay in line with the Paris Agreement.

This development comes as the country’s installed renewable energy (RE) capacity has surged by 165 Percent in the last decade, rising from 75.52 GW in 2014 to over 203 GW in 2024.

“The world must collectively address the imbalance in concentration of green energy investments in order to ensure an energy transition. Solar manufacturing and technology must be democratized to help developing countries,” Modi said during his virtual address to an international audience of heads of state, business leaders, and energy experts.

The Prime Minister said that in the past years, India has taken many massive strides in green energy and that the country's solar energy capacity has increased 32 folds in the past 10 years.

Manufacturing and technology need to be democratised to help developing countries, he said, adding that empowering least developed countries and small island developing states should be a top priority.