World Bank plans $100-mn guarantee scheme for solar rooftop projects
POWER & RENEWABLE ENERGY

World Bank plans $100-mn guarantee scheme for solar rooftop projects

The World Bank plans to introduce a $100-million credit guarantee scheme to boost India’s rooftop solar programme. Reportedly, the scheme will allow micro, small, and medium enterprises (MSMEs) to avail...

The World Bank plans to introduce a $100-million credit guarantee scheme to boost India’s rooftop solar programme. Reportedly, the scheme will allow micro, small, and medium enterprises (MSMEs) to avail concessional debt financing for setting up rooftop solar units. This scheme, along with State Bank of India (SBI) and the MSME ministry will help MSMEs access credit of around $1 bn. Rooftop solar installations are part of India’s renewable energy target of 175 GW to help reduce its carbon footprint by 33-35 per cent from the 2005 levels, as part of global climate change transition commitments adopted by 195 countries in Paris in 2015.

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Infrastructure Energy

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability t..

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Infrastructure Energy

Impending Solar Storm Threatens Earth

The global scientific community is abuzz with the news of an impending severe geomagnetic storm predicted to hit Earth late Friday night, on May 10. A series of solar flares and coronal mass ejections (CMEs) that began on May 8 are expected to trigger northern auroras and possibly disrupt satellite communications, electric power grid, and even trigger GPS problems.

Astronomers around the world pointed their telescopes at the sun on Friday, marveling at the abnormally large sunspots ever seen on the surface of the local star. The unusual solar activity gave rise to many theories and spe..

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Infrastructure Energy

EVs and Green Hydrogen for India's Net Zero

Experts predict that electric vehicles (EVs) and green hydrogen will play pivotal roles in India's journey towards achieving its net-zero emissions target by 2070. Embracing these sustainable technologies is seen as essential for India to address climate change and reduce its carbon footprint significantly.

The shift towards EVs and green hydrogen is expected to revolutionise India's transportation and energy sectors, promoting cleaner and more sustainable alternatives to traditional fossil fuels. EVs offer a clean mobility solution, reducing air pollution and dependence on fossil fuel..

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