Shift to 2 kV voltage in solar projects tipped to gain traction
Amid record-low prices for solar modules, the focus of cost reduction for utility-scale solar projects is shifting to non-module balance-of-system (BoS) expenses. A transition from 1.5 kV voltage to 2 kV in solar projects is expected to gain traction through 2030.
Reliance Power arm secures LoA for 930 MW solar with 465 MW/1,860 MWh battery storage
This is India’s single largest project of solar and battery storage system.
ACME Solar secures 250 MW renewables-plus-storage project in NHPC auction
With the latest win, Acme Solar’s overall renewables portfolio has increased to around 7 GW.
Oriana Power commits INR 10,000 crore renewable energy investment in Rajasthan
Oriana Power Ltd has signed a Memorandum of Understanding (MoU) with Rajasthan government to invest INR 10,000 crore for project development across solar, green hydrogen, and energy storage solutions.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Reliance Power wins 930 MW solar with 465 MW/1,860 MWh battery storage in SECI auction
Reliance Power’s arm Reliance NU Suntech will develop the solar PV project with battery energy storage system on a build-own-operate basis. The project will supply power under a 25-year power purchase agreement with Solar Energy Corp. of India.
Combining floating PV with compressed air energy storage
Researchers from Egypt and the UK developed a new floating PV system concept that utilizes compressed air for energy storage. The system has a roundtrip efficiency of 34.1% and an exergy efficiency of 41%.
Sinovoltaics updates battery energy storage system financial stability ranking
The latest financial stability ranking keeps Tesla, Mustang Battery, Kung Long Batteries, Hyundai Electric and Eaton, in the top five spots in a report that includes 55 manufacturers.
Reliance Power sets up renewables arm
Reliance Power has set up a new subsidiary, Reliance Nu Energies, for renewable energy business. Mayank Bansal and Rakesh Swaroop, who previously worked with ReNew Power, join Reliance Nu Energies as chief executive officer and chief operating officer, respectively.
NTPC Renewable Energy wins 500 MW solar in SECI auction
NTPC Renewable Energy has secured 500 MW of solar power capacity at a tariff of INR 3.52/kWh. As per the terms of the tender, the company is required to set up 250 MW/1,000 MWh of energy storage system along with the contracted solar capacity
