Page 4 - Approved List News Today

"Buying great businesses at average prices is as much value investing as buying average businesses at great prices. The idea that every business trading at a low P/E, P/B, P/anything ratio is a 'value stock' is just plain stupid."

Indian integrated energy company Tata Power Renewable Energy has signed two memoranda of understanding (MOU) with the state government of Tamil Nadu for renewable energy project development and solar manufacturing.

Europe has to find a balance between a rapid need to scale up PV manufacturing capacity and innovation to remain competitive, according to a report from The ETIP PV.

The industry says the government’s focal point should shift towards green hydrogen, since it has steadfastly supported the renewable energy sector, leading to a significant expansion in installed and manufacturing capacities.

India installed 12.9GW of renewable energy capacity in 2023, over 10GW of which was solar PV capacity. This represents a 28% decline in PV additions and an 18% drop in overall renewables capacity additions year-on-year.

The New Year is set to see renewable energy growth, coal fired capacity addition, solar manufacturing expansion, and the commissioning of major hydropower projects.

In the current financial year, the momentum is strong, evidenced by over 16 GW of renewable projects tendered and another 17 GW in the pipeline.

India's renewables capacity will increase to 170GW due to several reasons including the decline in solar PV cell and module prices.

A total of about 8.5GW of solar capacity was added in the first three quarters of 2023 in India, down by 25% year-on-year.

India’s solar energy sector is today becoming a subject of interest around the world. Whether it be capacity additions in solar energy itself, or the associated manufacturing sector, India appears to be hitting the right notes on both fronts