The PLI scheme, with an outlay of INR 45 billion ($600 million), aims to add 10 GW of integrated solar PV manufacturing capacity by 2025. The scheme includes incentives for manufacturing high-efficiency solar PV modules using advanced technology, and a higher incentive is given to companies that establish their manufacturing Read more…
Indian companies have shown a positive response to the government’s policy announcements on solar manufacturing. The policy of Production Linked Incentive (PLI) and Basic Customs Duty (BCD) has given a boost to solar manufacturing in India. This has led to many companies bidding for the PLI scheme, with 19 companies Read more…
India has set ambitious targets for renewable energy generation and is pushing towards meeting these goals. To achieve this, India is now looking at grid-scale energy storage systems. Recently, the Solar Energy Corporation of India (SECI) has invited tenders for a 20 MW (AC) solar PV power plant with 20 Read more…
The world is gradually shifting towards renewable energy sources, and there is a growing need for grid-scale energy storage systems to help integrate these sources into the electricity grid. The government of India has recently come up with multiple tenders on grid-scale energy storage from SECI, indicating the country’s focus Read more…
SJVN, a joint venture between the Government of India and the Government of Himachal Pradesh, announced a Rs 3.14 billion investment in SolarWorld Energy Solutions Pvt Ltd in November 2021. This investment is a significant step towards SJVN’s goal of becoming a leading renewable energy player in India. SolarWorld Energy Read more…
In February 2022, Torrent Power, one of the leading power distribution companies in India, announced an investment of Rs 1.63 billion in Visual Percept Solar, a solar power developer. This investment is aimed at enhancing Torrent Power’s renewable energy portfolio and reducing its carbon footprint. Visual Percept Solar is a Read more…
In March 2022, ThomasLloyd Group, a global investment and advisory firm specializing in sustainable infrastructure, announced an investment of $34.6 million in SolarArise India, a leading solar power producer in India. This investment is aimed at supporting SolarArise’s growth and sustainability initiatives in the renewable energy sector. SolarArise India is Read more…
In April 2022, Linde India, a leading industrial gases and engineering company, announced an investment of Rs. 114 million in Avaada MHYavat, a subsidiary of Avaada Energy, one of India’s leading renewable energy companies. This investment is aimed at supporting Avaada MHYavat’s growth and sustainability initiatives in the renewable energy Read more…
Raising debt for solar projects in the Indian market can be a daunting task. Solar projects require a considerable amount of upfront capital investment, and banks are hesitant to lend without adequate collateral. Moreover, with the volatile nature of the solar industry and uncertainty over government policies and regulations, banks Read more…
Step-by-Step Approach to Raise Private Equity Investments The process of raising private equity investments for renewable energy projects in India involves the following steps: Identify Potential Investors: Conduct research to identify potential investors who are interested in investing in renewable energy projects. Develop a Business Plan: Develop a comprehensive business Read more…