Saturday, July 27

Author: Editorial Team

The Smart Energy Magazine editorial team is a group of business journalists and sector specialists from across India.
Industry Reacts to Budget 2024: Clean Energy Leaders Weigh In
25Jul By Editorial TeamNo Comments
Industry Updates, Must Read, RE Industry Updates

Industry Reacts to Budget 2024: Clean Energy Leaders Weigh In

The Union Budget 2024 has sent a strong signal with a slew of announcements and initiatives aimed at accelerating India's transition to a low-carbon economy. As the dust settles, industry leaders and experts are weighing in on the budget's implications for the clean energy sector. From the extension of customs duty exemptions on critical minerals to the push for pumped storage projects, the budget has sparked a mix of optimism and caution among stakeholders. In this article, we gather reactions from the clean energy industry, as they share their thoughts on the budget's impact on their businesses, the sector's growth prospects, and the road ahead for India's sustainable future. Amit Jain, Global Chief Executive Officer - Sterling and Wilson Renewable Energy Group As a leader in ...
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Empowering the Future: Budget 2024’s Focus on Employment, Skilling, and Sustainable Growth
25Jul By Editorial TeamNo Comments
Must Read

Empowering the Future: Budget 2024’s Focus on Employment, Skilling, and Sustainable Growth

The Union Budget 2024 has been unveiled, and it's clear that the government is committed to driving economic growth, employment, and skilling opportunities for the nation's youth. The budget outlines a comprehensive plan to facilitate employment, skilling, and other opportunities for 4.1 crore youth over the next five years, with a central outlay of ₹2 lakh crore. This article will delve into the 13 key points that highlight the government's priorities and initiatives to achieve sustainable growth. Employment and Skilling The budget allocates ₹1.48 lakh crore for education, employment, and skilling, with a focus on upskilling 20 lakh youth over the next five years. To achieve this, 1,000 Industrial Training Institutes will be upgraded in hub and spoke arrangements, with course conte...
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Anticipating Budget 2024: Industry Leaders Outline Key Expectations for Clean Energy and E-Mobility
11Jul By Editorial TeamNo Comments
Must Read

Anticipating Budget 2024: Industry Leaders Outline Key Expectations for Clean Energy and E-Mobility

As the Union Budget 2024-25 approaches, anticipation is mounting within the clean energy and e-mobility sectors. Industry leaders are eagerly awaiting policy announcements that could significantly drive forward the adoption of sustainable technologies in India. From enhancing financial support for electric vehicle (EV) adoption and expanding charging infrastructure, to providing incentives for local solar cell manufacturers and continuing robust subsidy schemes, the expectations are high. The following article summarizes the key expectations from various industry leaders, highlighting their insights and hopes for transformative initiatives in the upcoming budget. These perspectives shed light on the critical areas where government action can accelerate India’s journey towards a greener, m...
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Panasonic Partners with State Bank of India to Provide Financing to Its Solar Customers
25Jun By Editorial TeamNo Comments
Must Read, RE Industry Updates

Panasonic Partners with State Bank of India to Provide Financing to Its Solar Customers

Panasonic Life Solutions India Private Limited (PLSIND), a leading player in the distributed solar energy sector, is excited to announce a new partnership with the State Bank of India (SBI), one of India’s most renowned financial institutions. This strategic alliance aims to support the Indian government's ambitious goal of achieving 500GW of renewable energy capacity by 2030 by making solar energy solutions more accessible to individuals and businesses. The collaboration between Panasonic and SBI will provide attractive financing options to customers interested in solar energy and help in smoother adoption. This initiative is designed to break down financial barriers, making the transition to sustainable energy more feasible and appealing. The company is targeting specific regions with h...
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L&T pushes Green agenda, wins order to build Solar-cum-Energy Storage Plant
25Jun By Editorial TeamNo Comments
Industry Updates, RE Industry Updates

L&T pushes Green agenda, wins order to build Solar-cum-Energy Storage Plant

(File photo/ Image Source: freepik) The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro (L&T) has won a domestic order to build a grid-connected 185MW Solar PV Plant along with a Battery Energy Storage System (BESS) having multitudes of MWh capacity. The Solar PV plant at Kajra in Lakshisarai district will be a key element in Bihar’s plans to harness renewable energy for sustainable energy solutions towards combating climate change and meeting demand growth. The BESS, with a capacity of 254MWh will enable storing solar energy during low-demand period and discharging when the demand peaks. In addition, the BESS will also help smoothening the fluctuations in generation, frequency regulation and voltage support. It comes with black start capabili...
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Emmvee Shines as Only Indian Manufacturer to Lead in All Categories of Kiwa PVEL PQP Testing, One of fourth Worldwide
24Jun By Editorial TeamNo Comments
Must Read, RE Industry Updates

Emmvee Shines as Only Indian Manufacturer to Lead in All Categories of Kiwa PVEL PQP Testing, One of fourth Worldwide

Emmvee Group has proudly distinguished itself as the only Indian manufacturer to be a top performer across all categories in the prestigious Kiwa PVEL PQP testing for 2024. This extraordinary accomplishment places Emmvee among an elite group of just four companies worldwide to achieve such a comprehensive level of excellence. Kiwa PVEL’s rigorous PQP (Product Qualification Program) testing evaluates photovoltaic (PV) modules across seven critical categories: PAN testing, LID + LETID testing, Potential Induced Degradation (PID) testing, Hail Stress Sequence testing, Mechanical Stress Sequence testing, Damp Heat testing, and Thermal Cycling testing. Emmvee’s PV modules excelled in every single category, showcasing their superior performance and reliability. On this momentous achieveme...
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Freyr Energy Unveils New Logo Amid Decade Anniversary and Expansion
24Jun By Editorial TeamNo Comments
RE Industry Updates, RE Updates

Freyr Energy Unveils New Logo Amid Decade Anniversary and Expansion

Freyr Energy, a leader in India's rooftop solar industry, is marking its 10th anniversary with a rebranding initiative. Over the past decade, Freyr Energy has transformed the solar landscape with innovative solutions, broadening its reach and achieving significant milestones. "According to Radhika Choudary, Co-Founder & Director of Freyr Energy, the path to embracing solar power is now more accessible than ever. With over a decade in rooftop solar, our commitment to delivering clean, cost-effective energy remains unwavering. We take pride in our achievements and are driven to continue leading the way in sustainable energy solutions." As part of the rebranding exercise, the company's comprehensive solar solution is now being rechristened as the Freyr Energy App (formerly SunPro+ ...
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Strategic partnership between Hubject and Exicom aims to fuel further growth in India’s booming EV market
24Jun By Editorial TeamNo Comments
EV Industry Updates, EV Updates

Strategic partnership between Hubject and Exicom aims to fuel further growth in India’s booming EV market

Hubject, the EV Interoperability market leader, has entered into a strategic partnership with Exicom, India’s largest EV charger manufacturer and a trusted partner for global automobile leaders, charge point operators and other ecosystem players. The overall aim of the partnership is to use Hubject’s innovative interoperability technology to improve the charging experience for EV drivers in India. This includes Hubject’s intercharge platform, which will make it easier for EV drivers to find and charge points and then simply charge when needed. Specifically, Exicom and Hubject will collaborate on Hubject’s Plug&Charge platform, creating a regional Indian hub to: enable the industry-leading global technology, support local charge point operators (CPOs) based on ISO15118 standa...
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Revolutionizing Solar Energy Technology: Antaisolar’s Breakthrough Innovations
20Jun By Editorial TeamNo Comments
RE Special Features, Special Features

Revolutionizing Solar Energy Technology: Antaisolar’s Breakthrough Innovations

Antaisolar has recently unveiled a cutting-edge approach to solar tracking with their latest white paper release. This innovative solution features enhanced intelligent tracking capabilities that ensure optimal performance even in extreme weather conditions. By utilizing smart protection strategies and backtracking algorithms to minimize shading effects on uneven terrains, the system significantly boosts energy production efficiency. Moreover, Antaisolar’s white paper highlights a modular design approach for the tracking system components, streamlining installation processes and reducing labor hours. The company’s global integrated delivery services leverage digital management and local resources to minimize project risks and provide hassle-free premium solutions. During the SNEC ev...
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Magenta Mobility Launches ‘Project 302’ to Decarbonize Logistics at Bhiwandi to Strengthen Presence in Western India
20Jun By Editorial TeamNo Comments
EV Industry Updates, EV Updates

Magenta Mobility Launches ‘Project 302’ to Decarbonize Logistics at Bhiwandi to Strengthen Presence in Western India

(In the picture Mr. Somnath Karnavar Patil, Assistant Police Inspector, Mankoli Bhiwandi and Maxson Lewis, Founder & CEO, Magenta Mobility along with the team) Magenta Mobility, an integrated electric mobility solutions provider, has launched ‘Project 302,’ named after the Pincode for Bhiwandi which is one of India’s largest warehousing hubs. Under this project, Magenta has inaugurated a new office and charging depot in Bhiwandi, deploying electric vehicles (EVs) using the hub-and-spoke model. The Chief Guest for the inauguration was Mr. Somnath Karnavar Patil, Assistant Police Inspector, Mankoli Bhiwandi. This strategic move underscores Magenta Mobility's vision to decarbonize logistics while expanding its services to existing and new customers across the e-commerce, FMCG, FCMD...
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