APT Translations

Local residents helped to pay for the solar project through a crowd-funding campaign launched in 2022 and will start to recoup their investment following the start of operations.

Clean electricity like this reduces the need for traditional power plants that cause climate change. The boost could go a long way toward bringing down the cost of a new generation of geothermal energy, said Wilson Ricks, an energy systems researcher at Princeton University.

The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70 per cent met through internal cash generation and the remaining through debt, Group CFO Jugeshinder 'Robbie' Singh told reporters here.

Located in Jhansi and Lalitpur districts on a combined area of 150 acres, these projects have a total capacity of 45 MWp and signify the continued commitment of SunSource Energy to expanding its footprint in the state, a company statement said.

The International Solar Festival aims to unite global stakeholders from various sectors including business, academia, youth, and community leaders to share knowledge, foster innovation, and build international cooperation towards a solar-powered future.

The rupee term loan will be deployed towards construction, development, and operations of Cleantech Solar’s open access solar and wind parks across multiple Indian states

The Shtip project, located 75 km south of the capital Skopje, is a central part of a deal announced at the COP28 climate talks last year to accelerate the country's shift away from coal-fired power generation.

In a bid to wean itself off Chinese imports, India has levied taxes on some solar components and introduced a so-called approved list of models and manufacturers, a non-tariff trade barrier that’s essentially meant to keep foreign shipments out.

The PPA for this project will be executed for 25 years with SECI

The program is designed to help address short-term economic challenges, "unleash private sector growth," build macroeconomic and fiscal resilience, and move the country onto a greener growth trajectory, the World Bank said in a statement.