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Off-grid solar expanded to $1.75-bn market over the past decade: World Bank

By : Sustainability ..., Feb 26, 2020

The off-grid solar sector has expanded into a $1.75 billion annual market serving 420 million users over the past 10 years with further scope for growth, according to a recent report by the World Bank. “Despite its strong growth trajectory, even more investments are needed...

Power Exchange bets on renewable energy; to focus on revival of REC market

By : Sustainability ..., Dec 27, 2019

Power Exchange India Limited (PXIL), the power trading platform of National Stock Exchange (NSE), is putting its bets on renewable energy after its re-launch. It will focus on reviving the Renewable Energy Certificates (REC) market which has been facing tepid interest from...

Govt forms team to certify facilities of solar power equipment makers

By : Sustainability ..., Dec 16, 2019

India has set up a team to certify all solar power generation equipment makers who want to do business in the world’s largest green energy market. The move aims to boost domestic manufacturing and protect its domestic companies from cheap and sub-standard imports....

Sembcorp buys remaining stake in Sembcorp Energy India for Rs 406 crore

By : Sustainability ..., Dec 5, 2019

Singapore-based Sembcorp Industries said on Wednesday that it is taking over complete ownership of its India business unit, Sembcorp Energy India (SEIL), by acquiring its remaining 5.95% stake from Gayatri Projects (GPL) for Rs 406 crore. SEIL has more than 4,300 MW of...

India: Shell joins the solar boom with acquisition of Orb Energy

By : Sustainability ..., Oct 10, 2019

Global oil major Shell has taken another step towards India’s growing renewable energy market by purchasing a 20% stake in Bangalore-based Orb Energy, a company that provides credit to small and medium-sized enterprises (SMEs) to install rooftop PV. Founded in 2006, Orb...