RE Industry Updates - SmartEnergy

Industry Reacts to Budget 2024: Clean Energy Leaders Weigh In

25Jul

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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 ...

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

25Jun

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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...

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

25Jun

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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...

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

24Jun

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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...

24Jun

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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+ ...

GWEC India Appoints Suzlon’s Girish Tanti as New Chair

20Jun

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GWEC India Appoints Suzlon’s Girish Tanti as New Chair

As Global Wind Day is celebrated across the world, GWEC India is delighted to announce Mr. Girish Tanti, Vice-Chairman of Suzlon Group, has been appointed as the Chair. The position plays a key role in driving GWEC India’s work with national and state government’s that assist government and industry’s efforts for building the right momentum and establishing policy frameworks that will ensure India delivers on its enormous wind energy and supply chain potential, both onshore and offshore. Mr. Tanti steps up to the position to take a dual role with GWEC, having assumed the position of Vice-Chair with the Global Wind Energy Council earlier this year. As the world’s fourth biggest wind market, with 46 GW of onshore wind and one of the world’s most prominent wind energy manufacturing hubs, ...

Radiance Renewables and InfraCo Asia JV to Propel India’s Renewable Energy Transition

20Jun

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Radiance Renewables and InfraCo Asia JV to Propel India’s Renewable Energy Transition

Radiance Renewables, a leading renewable energy developer in India, and InfraCo Asia, a company under the Private Infrastructure Development Group (PIDG), have announced the formation of Radiance InfraCo Renewables Private Limited. This joint venture aims to develop greenfield renewable energy projects for Commercial and Industrial (C&I) clients, helping them meet sustainability goals and significantly reduce carbon emissions. With a strong focus on solar and potential wind-solar hybrid projects, Radiance InfraCo Renewables is set to avoid approximately 165,000 tons of CO2 equivalent emissions annually, contributing to UN Sustainable Development Goals including Affordable and Clean Energy, Climate Action, and Gender Equality. The venture promises to uphold international ESG standar...

Waaree Technologies signs MoU with Israeli Company 3DBattery to develop Advanced Energy Storage Solutions

6Dec

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Waaree Technologies signs MoU with Israeli Company 3DBattery to develop Advanced Energy Storage Solutions

Waaree Technologies Ltd. (WTL), an energy storage division of the leading renewable energy and technology player Waaree Group, announced that it has signed a non-binding Memorandum of Understanding (MoU) with Israeli company, 3DBattery, to develop and produce advanced energy storage solutions, based on 3DBattery’s lithium-ion and upcoming sodium-ion technology. The Parties will evaluate the collaboration further before entering into definitive agreement. 3DBattery provides advanced Lithium ion battery cells with state-of-the-art chemistry, delivering improved energy storage performance. The company offers a range of cell chemistries for a variety of applications, including Electric Vehicles, Micro Mobility, Stationary and Renewable Energy. Waaree Technologies Ltd. aims to become Ind...

6Dec

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Goldi Solar to Solarise homes of 41 rescued Uttarkashi workers, offers hope for a brighter future

With the nation celebrating safe returns of the 41 workers who were trapped in Uttarkashi for 17 days, Goldi Solar, India’s quality-conscious solar brand, has stepped forward to support the affected families and individuals. The Surat-based solar company has taken the initiative to power the residence of the workers with solar energy. Goldi Solar aims to provide a pathway towards an improved lifestyle by expressing its commitment to supporting these families. With this initiative, the company intends to ensure access to electricity, enabling better lifestyles for all the families. Capt. Ishver Dholakiya, Founder & Managing Director of Goldi Solar, said, "The safe return of all these individuals brings us immense joy. Our initiative to provide support is a step towards empowe...

Waaree Energies Supplies 850 MW Solar PV Modules to Acciona Energia for Four Projects in Texas, Ohio and Illinois

28Nov

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Waaree Energies Supplies 850 MW Solar PV Modules to Acciona Energia for Four Projects in Texas, Ohio and Illinois

Waaree Energies Limited, a leading global renewable energy company, has announced it has successfully supplied 850 MW solar PV modules for projects under development in the U.S. by Acciona Energia, a Spain based renewable energy leader that operates more than 1 GW of solar, wind power and industrial-scale energy storage projects in the U.S. The companies also announced a three-year agreement in which Waaree – a major provider to the U.S. market - will supply another 1.5 GW of solar modules to Acciona for additional U.S. projects from 2024-2026. In supplying 850 MW solar PV modules, Waaree delivered its monocrystalline passivated emitter and rear cell panels for four major solar projects: 56 MW in Fort Bend (Texas); 129 MW in High Point (Illinois); 288 MW in Union (Ohio); and 375 MW in Red...