SECI pays solar and wind developers Rs 7.91 billion in November

India, a Global Leader in Green Energy with 214 GW Capacity

As India enters the new year, it concludes 2024 with an impressive 214 GW of installed green energy capacity, positioning the country on track to meet its ambitious target of 500 GW of non-fossil fuel-based energy by 2030, as reported by the Union Ministry of New and Renewable Energy. Between April and November 2024, India added nearly 15 GW of renewable energy capacity—almost double the 7.57 GW added during the same period in 2023. India surpassed the 200 GW milestone in renewable energy capacity in September 2024, reaching 214 GW by November, a 14 per cent increase from 187.05 GW in t..

JSW Group Inks with Maharashtra Government for Rs 3 trillion Investment

The JSW Group signed a MoU with the Maharashtra Government at the World Economic Forum (WEF) in Davos. The company will be investing Rs 3 trillion across key sectors, including steel, renewable energy, electric vehicles, lithium-ion batteries, solar wafer and cell modules, infrastructure and cement. This strategic initiative aims to create thousands of jobs, enhance industrial capabilities, and contribute to sustainable economic growth. As per the MoU, the Government of Maharashtra will facilitate the investment by expediting clearances, providing fiscal incentives, and ensuring the avail..

Microsoft Commits $3 Billion for India’s Digital Infrastructure

Satya Nadella, Chairman and CEO, Microsoft, reportedly revealed that it intends to invest $3 billion in developing data centres and other digital infrastructure in India, marking its largest commitment in Asia. The company plans to allocate the funds over the next two years to build new data centres and upgrade existing facilities. Additionally, the company aims to train 10 million individuals over the next five years to accelerate AI innovation in India. Nadella, a Mangalore University graduate, emphasized the strategic importance of this initiative in strengthening India's AI ecosystem. Thi..