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India re-elected as president of International Solar Alliance

The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.

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India to face significant land, water challenges in scaling renewables beyond 1.5 TW, says CEEW study

A new report by CEEW states that India’s unconstrained RE potential exceeds 24 TW (terawatts), but not all of it is achievable. Even reaching the 7 TW required to achieve net-zero emissions by 2070 will require a holistic approach to addressing challenges such as land access, climate risks, land conflicts, and population density.

WoodMac predicts 3.8 TW of new solar by 2033

Solar developers are expected to install 3.8 TW (AC) of global capacity between 2024 and 2033, according to the latest forecast from Wood Mackenzie. The analysts predict that new wind and solar installations will reach a combined 5.4 TW, taking the cumulative global total of the two technologies to 8 TW by 2033. Energy storage capacity, […]

ISA to accelerate solar initiatives in Uganda

The International Solar Alliance (ISA) and the government of Uganda recently discussed accelerating the solar mini-grid project to address Uganda’s energy access challenge and advancing the solar water pumping project under the India, Brazil, and South Africa (IBSA) Fund. New areas of cooperation, such as establishing a Solar Technology and Application Resource Centre (STAR-C), were also explored.

Blended finance key to scaling small-scale solar projects  

Bringing together private and public capital in a risk-adjusted return structure, is key to scaling up financing for renewable energy assets such as solar mini-grids, says a new report.

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The importance of solar mini-grids in universalizing energy access

As solar energy becomes the most cost-effective form of energy generation in many countries, with clear climate, energy, and economic benefits, its acceptance and political support are growing. To enhance resilience and sustainability, strategies that incorporate a diverse energy mix, combining centralized and distributed renewable generation, are most effective, especially in underserved nations.

Statcon Energiaa launches plug-and-play microgrid inverter solution

India’s Statcon Energiaa has developed an outdoor inverter solution for microgrids that can integrate multiple energy sources including renewables (biomass, wind, hydro and solar), battery storage, and diesel generator and deliver continuous, voltage-stabilized power to the loads. It supports both AC and DC coupling.   

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Husk Power Systems secures $6 million from EU-funded EDFI ElectriFI

Bihar-based Husk Power Systems will use $6 million of newly acquired funds to build solar hybrid microgrids in 80 communities in rural India. The renewables services provider already owns and operates more than 120 microgrids in India.

Renewables offer $350 billion investment opportunity by 2030, says Aspire Circle India

A new report by Aspire Circle India estimates the potential of renewable energy and the clean-tech sector according to parameters such as revenue and job creation by 2030, and highlights the top 10 areas for investment.

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India calls for credit guarantee fund to drive solar adoption in electricity-deprived regions globally

RK Singh, India’s power minister, and president of the International Solar Alliance (ISA) Assembly, called on nations to support solar investments in developing and under-developed regions, including Africa, through low-cost finance and credit guarantee fund.

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