Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 million (Rs 2,000 crore), multiple people aware of the development told ET. “Due diligence of solar assets by GIP Read more…
Agriculture is the main source of livelihood in rural India, contributing to food security. Two-thirds of the total irrigated area in India uses groundwater pumping, powered by more than 2 crore electric and 75 lakh diesel pumps. Thus, agriculture is a major consumer of electricity, accounting for nearly one-fifth of Read more…
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. The ₹2,700 crore deal, which is expected to be completed later this month, marks Petronas’ foray into the global clean energy Read more…
The Gujarat government has launched a solar power scheme for farmers—Suryashakti Kisan Yojana (SKY) enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck. Announcing the pilot project of the scheme in Gandhinagar, Chief Minister of Read more…
Amid gloom-and-doom predictions on the impact of climate change, a global research study has, for the first time, projected that a global transition to 100% renewable energy is possible by 2050 across all sectors, including power, heat generation, transport and desalination, provided there is political will to achieve it. The Read more…
L&T, which builds solar power plants for energy companies, among other things, is working on enhancing services with its own robotised module cleaning system and containerised storage solutions. As part of ‘L&T Construction’, a division of Larsen & Toubro Ltd, the company is an active player in the ‘solar EPC’ Read more…
Vijayawada: In a first, Kadiyam station in Rajahmundry earned the rare distinction of being the first energy neutral station in the South Central Railway Zone by meeting all its electrical demands through solar energy. This has been accomplished by the installation of a 10KWp ON-Grid Solar power plant on the Read more…
Stanford scientists have devised a way to generate hydrogen fuel from seawater using solar power, an advance that may help pave the way for a novel sustainable source of energy. The findings, published in the journal Proceedings of the National Academy of Sciences, demonstrate a new way of separating hydrogen and oxygen gas Read more…
In a “breakthrough”, scientists have developed a novel solar-powered harvesting system that absorbs moisture from the air and converts it into clean, usable water. The technology, described in the journal Advanced Materials, could be used in disaster situations, water crises or poverty-stricken areas and developing countries. It relies on hydrogels, Read more…
Luminous Power Technologies, traditionally known for its power back-up systems, is now focusing more on residential rooftop solutions business. The company, now a unit of Schneider Electric, also provides other electrical offerings such as fans, LED lighting, switches and wires. Sachin Bhalla, senior vice-president, marketing, shared the company’s vision on this Read more…