Clean Max Enviro Energy Solutions raised Rs 921 crore from anchor investors on Friday. The public issue will close on February 25
A higher efficiency threshold for solar module manufacturing is likely to favour vertically integrated players
Solar panels have a finite life. Policy to head off a waste crisis from redundant panels lacks the right incentives. The focus should be on setting recycling targets instead of storage mandates, which will yield critical minerals like silicon and copper
Delhi CM Gupta announced the Delhi government was partnering with financial institutions to offer easy loan options for the financing of the remaining installation cost of solar panels up to 3 KW capacity which is approximately Rs 90,000.
In March, it inaugurated a 1.5 GW solar module gigafactory in Dadri, Uttar Pradesh, and laid the foundation for a 5 GW integrated manufacturing facility in Greater Noida.
The cost of deploying solar panels and battery technology is expected to go down 19 percent by 2030, helping deliver record amounts of low-carbon power, setting the stage for a 2.2-fold growth for renewables
The approval has been withheld due to apparent non-compliance with a Companies Act provision which states that an unlisted company cannot offer its shares to more than 200 people in a financial year, without making a public offering.
Over-capacity in China has led to a huge fall in solar panel prices and countries are scrambling to protect their domestic companies
The government will soon start a pan-India survey to assess the final potential of solar panel installations in both state and central government buildings.
India has to move its energy-intensive activity towards green energy. Re-localisation of manufacturing to places where cheap reliable green energy is produced is needed, Ricardo Hausmann, founder-director of Harvard Growth Lab, said
The report also said that the bank is likely to take a decision in the next two-three months.