INDIA SOLAR TARGET
Buy Solar Industries India, target price Rs 13250: ICICI Securities
Solar Industries India Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 110128.66 Crore) operating in Chemicals sector.
ADB, ENGIE SA partner to build 400 MW solar power plant in Gujarat
ADB and Asian Infrastructure Investment Bank co-financed a Rs 1,460 crore loan for ENGIE's 400MW solar plant in Gujarat. This supports India's clean energy transition and non-fossil fuel targets. ADB, a Manila-based climate bank, financed ENGIE’s 2020 project. Over 25 years, it will generate 805 gigawatt-hours annually, cutting 662,441 tonnes CO2, with long-term financing involving local module production.
ISRO's Aditya-L1 completes first halo orbit around Sun-Earth L1 point in 178 days
India's first solar mission, Aditya-L1, completed its first halo orbit around the Sun-Earth L1 point, the Indian Space Research Organisation (ISRO) announced. Launched on September 2 last year, the Aditya-L1 spacecraft was inserted into its targeted halo orbit on January 6. It takes 178 days to complete a revolution around the L1 point. Station-keeping manoeuvres on February 22, June 7, and July 2 have maintained its orbit, with the latest manoeuvre ensuring it continues into the second halo orbit path. The mission's complex dynamics and trajectory planning have validated ISRO's in-house flight dynamics software.
Congress targets PM over report on Adani group 'taking' Chinese help in solar project
Congress leader Jairam Ramesh criticized Prime Minister Narendra Modi on Saturday, pointing to a report that the Adani Group has selected eight Chinese companies for its solar manufacturing project. Ramesh emphasized the need for a strategy to reduce India's dependence on China and ensure taxpayer money does not benefit Chinese firms.
JSW Energy inks power purchase agreements via its arms for 1,325 MW renewable projects
JSW Energy has signed power purchase agreements with subsidiaries for wind and solar projects, totaling 1,325 MW. This brings the company's total locked-in capacity to 13.6 GW. The agreements account for 36% of the company's pipeline capacity, aiming to achieve 20 GW capacity by 2030.
Adani to invest Rs 2 lakh crore in renewable energy capacity addition by 2030
Adani Group plans to invest Rs 2 lakh crore by 2030 to achieve 40 GW of renewable energy generation capacity, aiming for net zero emissions by 2050. With over 10 GW capacity currently, they aim to add 6-7 GW annually to reach 50 GW by 2030. The investment is estimated at Rs 5 crore per megawatt. Adani Green Energy Ltd has added 2.8 GW capacity in FY24.
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
Army unleashes 'silent killer' indigenous Nagastra-1 suicide drones along Pakistan, China borders: Key features revealed
Solar Industries delivered the first batch of Nagastra-1 Loitering Munitions to the Indian Army. These UAV-based munitions can hover, perform precision strikes, and be safely recovered, marking a significant advancement in India's defense capabilities. Developed by Economic Explosives Ltd, Nagastra-1 reduces reliance on foreign suppliers with over 75% indigenous content. The weapon offers operational flexibility and cost efficiency, capable of operating in extreme conditions, and is a testament to India's growing military technology expertise.
These 5 energy stocks can give more than 18% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
JSW Energy begins construction as part of its foray into battery storage services
JSW Energy has started construction on a Battery Energy Storage Project (BESS) to enter the energy storage services business, enabling the storage and release of renewable energy. They were awarded a 1.0 GWh battery storage project by SECI, with commissioning expected by June 2025. The company is also developing green hydrogen and steel projects, aiming to achieve 20 GW generation capacity and 40 GWh energy storage capacity by 2030.
Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom
India added over 1.8 gigawatts (GW) of solar open access capacity in the first quarter of the calendar year of 2024, posting a two-fold increase from 909.3 megawatts (MW) in Q4 2023, the report titled 'Mercom India Solar Open Access Market' said.
India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
India needs $385 billion for 500 GW renewable energy by 2030. Coal remains key for next decade. Adani Group plans to generate 45 GW of renewable power by 2030 to support India's transition to net-zero by 2070.
Shining away: India’s solar potential
India has the potential to generate around 750 GW of power from solar sources, with only 11% utilization. New rooftop solar schemes can help ramp up capacity faster.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
India adds record 10 GW of solar capacity in Q1 2024, marking almost 400 pc YoY increase
This figure represents an almost 400 per cent year-over-year (YoY) increase compared to the over 2 GW installed in Q1 2023, as per the recent Q1 2024 India Solar Market Update from Mercom India Research.
India will soon have solar power waste to fill 720 Olympic-size swimming pools. It has to urgently find solutions.
The country is betting big on solar energy — and rightfully so. But it is not giving equal importance on managing or recycling the waste that would be generated.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
Southern India can Lead India's pursuit of 500GW renewable target by 2030: Experts and industry players
Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure.
Load More
