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Hyundai Motor India signs wind, solar PPAs with Fourth Partner Energy

Fourth Partner Energy will set up and operate a 75 MW solar power plant and a 42.9 MW wind power plant in Tamil Nadu for consumption by Hyundai Motor India under 25-year power purchase agreement.
Installations

Wood Mackenzie forecasts 77 GW of floating solar globally by 2033

Wood Mackenzie predicts that the global floating solar market will be dominated by the Asia-Pacific (APAC) region and led by India, China and Indonesia through to 2033. The consultancy says growth will be driven by rising demand, decreased capital expend...
Highlights

Socomec crosses 50 GW of PV disconnect switch installations in India

Socomec India has hit the milestone of supplying its photovoltaic (PV) disconnect switches for over 50 GW of solar installations in India.
Announcements

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Markets & Policy

Datta Infra commits INR 5,000-crore renewable energy investment in Rajasthan  

Datta Power Infra has signed a Memorandum of Understanding (MoU) with the government of Rajasthan to invest INR 5,000 crore in setting up 1 GW of wind, solar, and wind-solar hybrid projects in Rajasthan. 
Installations

ReNew Q2 profit up 31% YoY

ReNew Energy Global (ReNew) has reported a total income (or total revenue) of INR 29,887 million ($357 million) and net profit of INR 4,939 million ($59 million) for the second quarter of FY 2024-25.
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Installations

The Hydrogen Stream: SECI, H2Global to collaborate on green hydrogen initiatives

The collaboration will focus on enhancing knowledge exchange on market-based mechanisms and fostering cooperation between India and renewable hydrogen importing countries.
Installations

Lithuania bans remote Chinese access to solar, wind, storage devices

Lithuania has decided to tighten its cybersecurity laws, banning manufacturers from countries deemed national security threats, including China, from remotely accessing management systems of solar, wind, and storage facilities. The European Solar Manufac...
Highlights

Looming Trump tariffs drive rush on US imports, push shipping costs higher

Freight costs are rising as businesses rush to import goods ahead of higher tariffs promised by US President-elect Donald Trump on Chinese and European products.

Markets & Policy

Featured

India expected to hit 132 GW of installed solar capacity by March 2026  

ICRA expects India to add 22 GW of new solar power generation capacity in FY 2025 and 27.5 GW in FY 2026, taking its cumulative installed PV capacity to 131.5 GW from 82 GW as of March 31, 2024.

“Solar storage will be a mainstream solution, fully integrated into energy strategies across industries”

Shantanu Mishra, head-business development, Amplus Solar, speaks to pv magazine about the C&I battery energy storage systems (BESS) market in India, key barriers and emerging models.

AMPIN, Danish investor CIP expand partnership for renewable energy projects in India

AMPIN Energy Transition and Copenhagen Infrastructure Partners have expanded their existing collaboration with $300 million joint equity investments to enable the addition of 2 GWp of renewable energy projects across India. This new partnership along with the existing one will create a $2.7-3 billion renewable energy asset base in India.

NTPC, ONGC form joint venture company for renewable energy, storage projects

ONGC NTPC Green Pvt Ltd will explore and set up renewable energy (RE) projects in India and overseas through greenfield development and acquisitions. It will also explore and harness opportunities in the fields of energy storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.

ACME Sun Power secures INR 3,753 crore loan from REC

ACME Solar’s arm ACME Sun Power has secured INR 3,753 crore loan for the development and construction of firm and dispatchable renewable energy (FDRE) projects totaling 320 MW in Rajasthan and Gujarat.

Rishabh’s string inverter business records 300% YoY growth in H1 revenue

Indian manufacturer Rishabh Instruments designs, develops and manufactures solar string inverters with technology acquired from GEFRAN S.pA., Italy.

Installations

Featured

Integrating green hydrogen in steel production

Transitioning the steel industry to green hydrogen will be a complex journey, but the groundwork is already being laid. India’s pilot projects, along with sustained investment in renewable energy and hydrogen infrastructure, create a strong foundation for a cleaner future.

Oriana Power H1 revenue up 461%, PAT up 748%

Oriana Power has reported revenues of INR 359.54 crore and net profit of INR 48.57 crore during the half-year ended September 30, 2024.

Australia hits 4 million rooftop PV installations, reaching 25 GW of capacity

Australia has recorded its 4 millionth rooftop solar installation, maintaining its status as a world leader with 25 GW of total capacity, surpassing the amount of nationwide coal generation.

CleanMax to develop 33 MW of solar, wind projects under PPA with Equinix in India

Digital infrastructure company Equinix has partnered with CleanMax to develop 33 MW of renewable power projects (26.4 MWp solar capacity and 6.6 MW wind) for consumption by its data centers in India.

Adani Group to invest $10 billion in US energy, infrastructure projects

Adani Group chairman Gautam Adani said this week the Group will invest $10 billion in US energy security and infrastructure projects, creating up to 15,000 jobs in America.

Global installed PV capacity tops 2 TW

The Global Solar Council says global installed photovoltaic capacity has surpassed 2 TW. The organization says an additional 4 TW of solar capacity will likely be deployed by 2030.

Technology

Featured

Testing to start on 100 MWh sand-based thermal battery in Finland

Finnish startup Polar Night Energy is building an industrial-scale thermal energy storage system in southern Finland. The 100-hour, sand-based storage system will use crushed soapstone, a by-product from a fireplace manufacturer, as its storage medium.

Schneider Electric introduces portable solar power station

The OffGrid portable power station provides power for outdoor adventures as well as in hurricane-ravaged areas.

Driving India’s green energy transition: Effective government policies and incentives

If India is to lead the global green energy revolution, the nation needs to take several key measures such as redirecting financial support from traditional energy sources to clean energy technologies, introduction of a well-structured carbon pricing mechanism, and incentivizing emerging technologies.

Epsilon, Korea’s Daejoo join hands to develop graphite-rich silicon composite anode material for EV lithium batteries

Epsilon Advanced Materials and Daejoo Electronic Materials aim to jointly develop graphite-rich silicon composite anode materials for lithium-ion batteries with a capacity of 450 – 600 mAh/g, thereby increasing discharge capacity by 50% and life span by thousands of cycles.

What happens when malware hits PV systems

A random malware variant affected about 800 remote monitoring devices at ground-mounted PV plants in Japan in May 2024. Tokyo-based cybersecurity firm Girasol Energy has told pv magazine what happened and how PV asset owners can protect themselves against such incidents.

The Hydrogen Stream: NTPC to produce green hydrogen from municipal solid waste, agri-waste using plasma-based oxy gasification technology

The demonstration plant will produce about 1 tonne of green hydrogen per day by gasifying about 25 tonnes of municipal solid waste or agri-waste per day.

Manufacturing

Featured

Longi unveils heterojunction BC solar cells with 27.3% efficiency

The Chinese manufacturer said the device is based on dense passivating contacts that reduce parasitic light absorption and improve passivation. It used a streamlined manufacturing technique that is reportedly about one-third more effective than TOPCon mainstream technology.

China cuts export tax rebate for solar products

China has reduced the export tax rebate for solar products, lowering refunded taxes for Chinese PV exporters and eating into their profit margins. The move might force some companies to increase export prices to mitigate potential financial losses.

Waaree Energies Q2 profit grows 17% YoY

Waaree Energies has reported a total income of INR 3,663.46 crore and net profit (profit after tax) of INR 375.66 crore for the second quarter of FY 2024-25.

Hybrid perovskite-organic solar cell reaches record-breaking efficiency of 24%

Korean scientists have fabricated a perovskite-organic solar cell with a uniform sub-nanometer dipole layer. The device recorded a power conversion efficiency of 24% under testing, a new record for lead-based hybrid perovskite-organic solar cells.

The Hydrogen Stream: NTPC setting up sea water to green hydrogen plant at Simhadri

NETRA, the R&D centre of NTPC, is setting up a 1 tpd seawater to green hydrogen plant at NTPC Simhadri coal-fired power plant near Visakhapatnam in Andhra Pradesh.

Meyer Burger loses biggest customer, questions business viability

Swiss solar manufacturer Meyer Burger faces a significant setback as its largest U.S. customer, D.E. Shaw Renewable Investments, has terminated a long-term agreement to purchase solar panels from its Arizona facility.

Energy Storage

Featured

Lithium battery recycler Attero achieves ISO 14064 certification for GHG emissions verification

Attero is the first Indian company in the e-waste recycling industry to secure the ISO 14064 Certification for GHG Emissions Verification.

IndiGrid, BII, and Norfund form $300 million platform to develop greenfield transmission and BESS projects in India

IndiGrid has partnered with British International Investment (BII) and Norfund to form a $300 million platform, EnerGrid, to develop greenfield transmission and standalone battery energy storage system (BESS) projects in India.

The Hydrogen Stream: Ohmium, Spirare Energy, and JNCASR collaborate on India’s first CO2 to green methanol plant

The project will combine green hydrogen generated by Ohmium PEM electrolyzers with CO2 captured from the Singareni Thermal Power Plant to produce green methanol.

Low-voltage energy storage inverter for residential solar

Solis S6-EH3P(8-15)K inverters for low-voltage residential energy storage integrate seamlessly with PV panels and diverse battery types, including lithium-ion and lead-acid batteries.

Rajasthan tenders up to 2 GWh of battery energy storage capacity

Rajasthan Vidyut Utpadan Nigam Ltd is accepting bids to develop standalone battery energy systems (BESS) for an aggregate storage capacity of 1,000 MWh (500 MW x 2 hours) in Rajasthan. It may allot additional capacity up to 500 MW/1,000 MWh under Green Shoe option.

Italian startup offers green hydrogen generation, storage system for homes

Italian startup Hybitat Srl has developed a hydrogen production and storage system for long-term storage of surplus residential and commercial solar power. The system includes a main unit with an electrolyzer and fuel cell, as well as a storage unit with 3 kg of hydrogen capacity and 100 kWh of energy capacity.

Opinion & Analysis

Featured

2024 PV Trends: Global growth and challenges

Amid a backdrop of massive installations and evolving metrics, IEA-PVPS 2024 “Trends Report” encapsulates significant shifts in photovoltaic deployment across the globe, reflecting PV’s evolving role in energy systems and underscoring its capacity to meet global demands. The association explores the trends identified in the report, noting the milestones, regional dynamics, and the implications of increased PV penetration in energy grids worldwide.

Higher inventories weaken demand across global solar module markets

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Concentrated solar power, a much cheaper solution than batteries for energy storage

By offering cheap energy storage, concentrating solar power has a huge potential. However, it requires international standards to become a competitive market proposition.

Wafer prices drop, inventory levels rebound despite operating rate cuts

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Understanding hybrid solar systems: A comprehensive guide

This comprehensive guide will walk you through the fundamentals of hybrid solar systems, their components, benefits, and how they compare to other solar power solutions.

The critical role of battery recycling in sustaining electronics and EV growth

While electronics and EV growth is a boon, it also underscores the need for sustainable growth and practices. Battery recycling is a key component of this sustainability, with environmental, economic and social benefits.

Press Releases

Epsilon Advanced Materials Unveils its Inaugural Sustainability Report, Achieves 100% Energy Self-Sufficiency and Zero Liquid Discharge

This report shows EAM’s commitment towards Environment, Sustainability & Governance initiatives, including meeting 100% of its energy needs through a waste heat recovery power plant and achieving Zero Liquid Discharge (ZLD) by treating and reusing 100% of its wastewater on-site.

Lectrix Unveils Bold New Logo, Marking a Powerful Step Toward the Future of Mobility

Lectrix, the e-mobility arm of SAR Group, unveiled a striking new logo that symbolises the brand’s evolution and its unwavering commitment to innovation, sustainability, and performance.

Deepak Agarwal joins GPS Renewables’ ARYA as Managing Director 

Deepak Agarwal has held key leadership roles in prominent organizations like A2Z Green Waste Management, IL&FS Environmental, and EverEnviro.

NTPC Showcases fly ash-based Eco-House ‘Sukh’ within ₹ 1.5 Lakh at IITF 2024: A Milestone in Sustainable Housing Solutions

Built with innovative interlocking wall blocks made from ash, these structures do not require any sand, cement, steel, or mortar, significantly reducing costs and construction time. The use of ash-based building material in these eco-houses eliminates the requirement of cement and natural aggregates, leading to lower carbon emission and prevention of topsoil erosion.