Bangladesh needs up to $1.71 billion annually till 2041 for 40% renewable energy capacity
A new report says the time is ripe for Bangladesh to increase renewable energy-based generation capacity to reduce costly fossil-fuel imports and drive down subsidy burdens on the power sector. It finds the nation would need to consistently invest $1.53 billion to $1.71 billion annually until 2041 to build a 40% renewable energy capacity of the electricity demand of 61,866 MW in 2041.
Vibrant Energy secures INR 2,200 crore for 300 MW wind-solar hybrid projects
Vibrant Energy has secured over INR 2,200 crore ($268.55 million) from Power Finance Corp. (PFC) to build 300 MW (AC) of wind-solar projects in Madhya Pradesh and Karnataka.
Waaree Renewable Technologies secures 221.8 MW DC solar EPC contract
Waaree Renewable Technologies has secured a 221.8 MW DC solar project from a steel manufacturing company. It will execute the project on a turnkey basis.
IndiGrid commissions its first battery storage project coupled with solar panels
IndiGrid has installed and commissioned a pilot project of solar panel bank coupled with battery energy storage systems (BESS) at its Dhule Substation in Maharashtra.
Tata Power Renewable to set up 40 MWp captive solar plant for INOX Air Products
The solar plant in Dhule would supply power to air separation units operated by INOX Air Products in Maharashtra.
Solar installations to surpass 16 GW in 2023: JMK Research
JMK Research analysts expect India to add 14 GW of new utility-scale solar capacity and 2.8 GW of rooftop (onsite) PV in the twelve months ending December 31, 2023.
High-latitude tests show vertical rooftop PV yields 30% more energy
Norway’s Over Easy says its pilot vertical PV system in Oslo achieved remarkable performance throughout a snowy winter. In 2022, the vertical array generated 1,070 kWh per kilowatt installed, which the company says compares to around 800 kWh per kilowatt installed for a conventional rooftop array.
India’s energy transition presents $25 billion annual investment potential: Avendus Capital
India attracted around $10 billion of annual investment in the renewable energy sector over the last five years. High economic growth and a stable commitment to decarbonization have drawn the attention of major organizations and investors from around the world.
India surpasses 64 GW of installed solar capacity: MNRE
Rajasthan, Gujarat and Karnataka account for over 50% of the cumulative installed solar capacity.
IREDA touches new record in lending for renewable energy projects
Indian Renewable Energy Development Agency Ltd (IREDA) disbursed loans of INR 16,320 crore and sanctioned INR 32,578 crore for renewable energy projects, in FY 2022-23.
