NSEFI in News

All You Need To Know About A Reform That Could Lower Power Costs

The Power Ministry estimates annual savings in excess of Rs 12,000 crore for the electricity consumer. On an average, MBED saves about 4% in power procurement cost, the draft said. Cost optimisation could take benefits to 12-15%, it said.Read More

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Adani Ramps Up Renewables Ambition For Group

In a letter to the shareholders, Gautam Adani, Chairman, Adani Group, said the company is aligning with India’s goal of becoming the world’s biggest player in renewable energy. The group has also set a target for itself to become the biggest solar power producer in the world. According to the chairman’s letter, the Adani Group […]Read More

Renewables Will Unlock $2.2 T Green Steel Monster: Rethink Report

A new report published by Rethink Technology Research says that steelmaking – one of the world’s dirtiest industries – will end up becoming of the greatest opportunities for renewable energy. In the wake of a 1,000-year coal legacy, a combination of hydrogen and scrap-based production will see a 20-fold increase in the sector’s demand for […]Read More

NTPC seeks offtakers for 735 MW Nokh solar project

Applications are invited for procurement of power generated from NTPCs 735 MW solar power project in Nokh, Rajasthan. To qualify, the applicant must have a sanctioned load greater than 2 MW.Read More

MERC: Unscheduled Power from Captive Biomass Project Not Considered for RPO

MERC, in a recent order, has rejected the plea of BILT Graphic Paper Products to offset the renewable purchase obligation (RPO) for...Read More

Daily News Wrap-Up: $30 Million Announced in Federal Funding for Clean Energy Projects

Here are some noteworthy cleantech announcements of the day from around the world:The U.S. Department of Energy (DOE) has announced ...Read More

Funding and M&A Roundup: Solar Fintech Solfácil Raises $30 Million in Series B Funding

Brazil-based solar financing company Solfacil has raised $30 million in a Series B funding round led by QED Investors and involving Valor ...Read More

Project Finance Brief: Risen Energy Secures Debt Facility for 103 MW Solar Project

Chinese module supplier and project developer Risen Energy Australia secured a senior debt facility of an undisclosed amount for its ...Read More

NTPC floats global tender for 1 GWh of grid-scale battery storage

The plan involves designing, building, and operating such a system and also offers a co-investment partnership. The last date for submission for EoIs is 10 AugustRead More

Indian companies commit to expanding manufacturing capacities, reducing import dependence

Module and cell manufacturers in India will expand their production capabilities by 13.75GW for modules and 6.9GW for solar cells, according to research by JMK Research and AnalyticsRead More

Reliance Industries unveils $10 billion plan for solar, storage

India’s Reliance Industries has announced plans to invest $8.1 billion over the next three years to build gigafactories for solar, energy storage, electrolyzers, and fuel cells.Read More

Two US solar firms merge, new merged entity to build 2GW of wafer and cell manufacturing unit in India

In advanced stages of talks for partnership with a local Indian firmRead More

East African renewables developers and investors need matchmaking

Lack of grid capacity and renewable energy institutions are a common lament in sub-Saharan Africa but there is no lack of cash to invest, nor eligible projects in East Africa, as a recent event heard; the problem lies in marrying the two.Read More

World Bank supports Burkina Faso rural solar electrification with $168m

The funds will be used to implement the countrys Large Scale Solar and Rural Electrification Project. They will also support the government in outlining an upcoming tender for 325 MW...Read More