UK to invest $1.2 billion in green energy projects in India
UK’s development finance institution CDC will invest $1 billion in green projects in India between 2022-26. Besides, UK has committed a new $200-million private and multilateral investment into the joint UK-India Green Growth Equity Fund that invests in Indian renewable energy.
International group offers $68m loans for struggling off-grid clean energy distributors
‘More than 90’ suppliers of appliances such as solar lanterns and home solar panels, as well as mini-grid installers, will be offered low-interest credit by an assortment of government-backed and privately-financed entities.
Local solar will lead the energy transformation over the next five years
The adoption of local, community-based energy solutions like rooftop solar and batteries can help make the energy grid more flexible and reliable. Home solar and batteries will enable the growth of ‘prosumers’ who produce and share energy, as well as consume it.
Solar-powered cold storage as a service
Small and marginal farmers in the Muzaffarpur district of Bihar are making productive use of solar energy to reduce their losses and increase income, thanks to an innovative pay-per-use cooling service for perishable horticulture produce.
Rising hardware costs slow Covid recovery for off-grid solar sales
The global off-grid solar appliance market began an uneven recovery from the worst ravages of the global pandemic in the second half of last year, according to market body GOGLA, but more finance and policy support must be made available to have any chance of achieving universal electricity access this decade.
Uttar Pradesh tenders 106 MW of solar under KUSUM program
Solar power generators have until June 15 to bid for the development of projects on a build-own-operate basis. The ceiling tariff payable for the electricity generated has been fixed at INR 3.10/kWh.
Developing climate-resilient decentralized solar solutions
A new report states decentralized solar installations in climate-vulnerable regions of Assam, Jharkhand, and Rajasthan lacked design to deal with future climate risks. The report authors, based on their study, outline considerations for policymakers, implementing agencies, vendors, and funding agencies to build resilient structures.
PV-powered desalination system for rural areas
Italian start-up Genius Watter has developed a solar desalination solution that is claimed to be particularly suitable for remote areas with no connection to grid electricity. The system is able to produce up to 1,000 cubic meters of potable water per day at an opex of €0.20 per cubic meter.
Waaree commissions 16 MW solar project to power agriculture feeder
The solar project—developed in the Amravati District of Maharashtra—uses 60,660 numbers of 330Wp polycrystalline PV modules and is expected to generate more than 78,600 MWh of power annually.
Financing large scale renewables in emerging economies
pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.
