APT Translations

It plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka.

To meet the government's target of installing 500 GW of renewable energy by 2030, India needs to significantly ramp up installations to 65-70 GW each year, with over 80 per cent of this target expected to come from solar power, according to the Global Trade Research Initiative (GTRI).

ACME Solar Holdings, through its special-purpose vehicle ACME Platinum Urja, has signed a power purchase agreement with the Solar Energy Corporation of India. The agreement is to supply power from its 150 MW hybrid solar capacity. The project will connect to the Tumkur-II substation in Karnataka. ACME Solar is also planning an IPO.

Chinese makers are exporting solar glass into India at a price which is "much below" their cost of production, alleged Borosil Renewables Vice Chairman Shreevar Kheruka.

​​ Andhra Pradesh chief minister N Chandrababu Naidu unveiled the AP Integrated Clean Energy (ICE) Policy that envisages incentives ranging from hassle-free land acquisition at reasonable price to power subsidy to certain sectors.

It cited factors including a decline in inflation and in market volatility following the COVID-19 pandemic and 2022 energy crisis.

​“We are thrilled to secure these projects… These projects reflect our vision to contribute to India’s green energy goals and showcase our ability to handle large-scale, technically advanced projects,” said Ketan Mehta, MD & CEO, Rays Power Infra.

Indian conglomerates plan to invest $800 billion in the next decade. Most funding will go to existing businesses, but 40% will target new sectors like green hydrogen and electric vehicles. High interest rates, fiscal tightness, and local competition could pose risks. S&P sees execution and borrowing challenges due to unproven technologies.

Earlier, the Ministry of New and Renewable Energy (MNRE) had issued guidelines for carrying out pilot projects in the steel sector as part of the mission

JSW Renew Energy Six Ltd and JSW Renew Energy Thirty Ltd, step-down subsidiaries of JSW Energy, have signed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for state transmission utility (STU)-connected solar-wind hybrid capacity, according to a company statement.