Mahindra Susten plans 150 MW renewable project
Mahindra Susten, a solar engineering, procurement, and construction company, in collaboration with the Ontario Teachers? Pension Plan Board, announced their intention to develop a 150 MW hybrid renewable power project, with an investment of Rs 12 billion.
It was stated by the company in a bourse filing that the project would consist of approximately 101 MW of wind and around 52 MW of solar capacity. They also mentioned that the project is scheduled for commissioning within the next two years and will include over 80% locally manufactured components.
Upon completion, the project..
Waaree Energies Secures 280MW Solar Module Order
Waaree Energies, a leading solar module manufacturer, has clinched a significant deal worth 280 megawatts (MW) to supply solar modules to Mahindra Susten, a prominent player in India's renewable energy sector. The deal underscores the continued momentum in the country's renewable energy market, driven by the government's ambitious targets and the growing emphasis on sustainability.
Mahindra Susten's choice of Waaree Energies as the supplier for this substantial order highlights the latter's reputation for reliability, quality, and efficiency in the solar energy sector. With its state-o..
India witnesses 10 GW of solar installations in CY 2021
India installed 10 GW of solar capacity in the calendar year (CY) 2021. The installations marked a 210% year-on-year (YoY) growth, compared to 3.2 GW in CY 2020.
Large-scale solar projects accounted for 83% of renewable energy installations during the year, with a 230% YoY growth at 8.3 GW. According to India Solar Market Leaderboard 2022, in CY 2021, ReNew Power was the largest utility-scale developer in terms of installations. It acquired 260 MW solar projects in Telangana and installed 250 MW interstate transmission system (ISTS) solar projects in Jaisalmer, Rajasthan. The..TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..