Anand Gupta

ADB, MASDAR to Unlock Uzbekistan’s Renewable Power Potential With 3 New Solar Power Plants

Clifford Chance advises lenders in US$252 million project financing for OPDEnergy’s US solar facilities – EQ

October 25, 2023 Anand Gupta 0

In Short : Clifford Chance, a leading global law firm, has played a key role in advising lenders in a substantial project financing deal worth US$252 million for OPDEnergy’s solar facilities in the United States. This financing arrangement underscores the growing confidence and investment in renewable energy projects, specifically solar, as nations strive to transition […]

ONGC cuts carbon intensity by over 12% in 5 years Chairman

Business & Finance

ONGC wins bid to buy PTC’s wind power unit for Rs 925 crore – EQ

October 25, 2023 Anand Gupta 0

In Short : Oil and Natural Gas Corporation (ONGC) has successfully secured the bid to acquire PTC India’s wind power unit for a total of Rs 925 crore. This strategic move allows ONGC to strengthen its foothold in the renewable energy sector, aligning with the global shift towards sustainable energy sources. The acquisition also signifies […]

Kutch heritage, Modhera solar-powered village

Business & Finance

Global solar projects set to win more than $380 billion investment this year – EQ

October 25, 2023 Anand Gupta 0

In Short : Solar energy projects are poised to attract substantial investments, with an estimated amount exceeding $380 billion in the current year. This significant influx of funding indicates the growing global interest and financial support for solar energy initiatives. As the world continues to transition towards renewable energy sources, these investments play a crucial […]

IREDA to establish office in Gujarat’s GIFT city to finance Renewable Energy projects in foreign currency

Quarter Results

Ireda Q2FY24 result: PAT up 54% YoY at Rs 285 cr; net NPA down 39% – EQ

October 25, 2023 Anand Gupta 0

In Short : In the second quarter of the financial year 2023-24, the Indian Renewable Energy Development Agency Limited (IREDA) reported positive financial results. The Profit After Tax (PAT) for the quarter increased by 54% Year-over-Year (YoY) to reach Rs 285 crore. Additionally, the net Non-Performing Assets (NPA) decreased by 39%, indicating improved financial health […]

Featured

Goldi Solar to add 1,000 MW to its operational capacity by Q3: MD Ishver Dholakiya – EQ

October 25, 2023 Anand Gupta 0

In Short : Goldi Solar, a prominent solar panel manufacturer in India, is planning to expand its operational capacity by adding 1,000 megawatts (MW) of solar energy capacity. The company’s Managing Director, Ishver Dholakiya, has shared that this expansion is expected to be completed by the third quarter (Q3) of the year. In Detail : […]

Solar panels producing green renewable energy. Solar power station in the field with green grass.

Business & Finance

Husk Power Systems raises $43 million in Series D round – EQ

October 25, 2023 Anand Gupta 0

In Short : Husk Power Systems, a leading renewable energy company, has successfully raised $43 million in a Series D funding round. The company specializes in providing clean, reliable, and affordable electricity to rural and underserved communities in Asia and Africa. The funding will enable Husk Power Systems to expand its operations, invest in innovative […]

Amp Energy wins 1-GW solar cell and module manufacturing capacity under PLI

Featured

AmpIn Energy Transition and Jupiter International Partner to Setup upto 1.3 GW Solar Cell & Module Manufacturing Unit in India – EQ

October 25, 2023 Anand Gupta 0

AmpIn Energy Transition (Formerly Amp Energy India), a leading Independent Power Producer (IPP) in India, is pleased to announce its strategic partnership with Jupiter International Limited to establish a joint venture dedicated to the solar manufacturing business. This collaboration marks a significant milestone to boost the solar cell and module manufacturing capacityin India and fostering […]

Featured

Meyer Burger signs cooperation agreement with clean tech start-up for recycling of solar modules – EQ

October 25, 2023 Anand Gupta 0

Together with Meyer Burger, LuxChemtech from Freiberg is laying the foundations for solar recycling on an industrial scale. Special technology ensures that valuable raw materials such as silicon, silver, glass, and aluminum can be recycled and returned to the material cycle. Comprehensive recycling minimizes the share of thermal utilization of PV production waste and strengthens […]

Featured

$120 Million from Green Climate Fund to Support ADB’s Community Resilience Partnership Program in Asia and Pacific – EQ

October 25, 2023 Anand Gupta 0

In Short : The Green Climate Fund (GCF) has allocated $120 million to support the Asian Development Bank’s (ADB) Community Resilience Partnership Program in the Asia-Pacific region. This funding aims to enhance community resilience to climate change impacts, focusing on vulnerable populations. In Detail : TBILISI, GEORGIA : The Green Climate Fund (GCF) has approved […]