Indian solar and storage developer Acme Solar Holdings has filed for an IPO in India of up to INR22 billion (US$336 million), according to the Press Trust of India (PTI). Mudit Jain, consultant at Bridge to India, said Acme is the first Indian renewable energy IPP to launch an IPO in India, since M... Read more
ITM Power plc (AIM: ITM) (ITM Power or the Company) is pleased to announce its intention to raise £25 million (before expenses) through a placing of 62,500,000 New Ordinary Shares of 5 pence each in the capital of the Company (the Firm Placed Shares), with certain existing and new institution... Read more
Indian energy storage sector is becoming promising with over 46 MW large scale projects announced in 2016 and 56 MWh of projects announced this year till date. There are 19 applications for energy storage in Indian market, which creates more than 200 MWh of opportunities for the next five years. In... Read more
The Indian government has pledged to broaden the roll-out of solar and battery storage to households without power in rural and remote towns and villages, as a part of a newly launched $2.5 billion project to electrify all of the country’s households by the end of 2018. At the launch of the p... Read more
Gujarat is expected to set up country’s first unit for manufacturing electric cars. On Tuesday, a Memorandum of Understanding (MoU) was signed between JSW Energy Ltd and the Gujarat government to set up a Rs 4000 unit for manufacturing electric cars on Tuesday. The manufacturing unit is expected ... Read more
Indian prime minister Narendra Modi has launched a new programme to electrify every willing household in the country by 31 December 2018, using solar, energy storage batteries and LED lighting. The INR163 billion (US$2.5 billion) ‘Saubhagya Yojna’ scheme is aimed at both rural and urban househo... Read more
India’s Central Electricity Authority (CEA) is debating how and whether to introduce a mandate for solar and wind projects above a certain size to be coupled with energy storage. A draft regulation, introducing such a notion was released more than a year ago, but Pankaj Batra, who oversees planni... Read more
Pune, India: Dr. Rahul Walawalkar, Executive Director of India Energy Storage Alliance (IESA) and President & M.D. of Customized Energy Solutions (India) receives the Renewable Energy India (REI) award in the category of Leading Crusader for Energy Storage Solutions at the ongoing Renewable Ener... Read more
The noted energy storage firm Leclanché SA is now working to develop an energy storage system to be used at Fastned’s electric vehicle fast-charging stations in Europe. This new partnership will first lead to the installation of systems at two of the Dutch EV charging network’s facilities. The... Read more
Dr. Rahul Walawalkar, Executive Director of India Energy Storage Alliance (IESA) and President & M.D. of Customized Energy Solutions (India) receives the Renewable Energy India (REI) award in the category of Leading Crusader for Energy Storage Solutions at the ongoing Renewable Energy India Expo... Read more
In what will be the biggest private investment in a new industry in recent years, India’s leading business groups are readying plans to enter battery manufacturing and battery pack assembly with investments running into several billion dollars over the next decade or so. Reliance Industries, the ... Read more
While the government’s aim of making manufacturers roll out only pure electric vehicles (EVs) on our roads by 2030 seems like an ambitious project, making it a reality will be a challenge considering the infrastructure required to achieve it. Maruti Suzuki, India’s largest car manufacturer, has... Read more