PM Modi inaugurates India Energy Week 2023 in Bengaluru
Prime Minister Narendra Modi today launched India Energy Week 2023, a three-day event connecting India’s energy stakeholders with international counterparts to collaborate for a responsible and smart energy transition on India’s road to net zero. Addressing the gathering, the Prime Minister said India is today the world’s most suitable place for investment. He called upon the stakeholders to explore every possibility in India’s energy sector and get involved with it.
Emerging investment opportunities in India’s renewable energy sector
Corporate decarbonization, value chain integration, wind-solar hybrid projects, battery energy storage, offshore wind, green hydrogen, and value-added offerings such as energy-as-a-service are key trends and technologies shaping up India’s renewable energy sector and offering ample scope for investments.
India installed 11.2 GW of solar in first nine months of 2022
The nation installed 9.3 GW of utility-scale solar, 1.3 GW of rooftop arrays, and 0.6 GW off-grid PV projects from January to September this year.
India added 3.3 GW of solar in Q3 2022
India installed 3,338 MW of new solar power capacity in the three months ending September. This included 2,602 MW from utility-scale solar, 485 MW rooftop, and 251 MW off-grid installations
International Solar Alliance launches innovation challenge in Africa
SolarX Grand Challenge aims to promote entrepreneurship and innovation and discover local solutions to meet the energy gap through solar energy solutions in the African region.
EKI Energy, First Source launch climate edtech, finance venture
EKI Energy and First Source Energy have launched a joint venture entity that will drive focused educational initiatives while also mobilising funds from global markets for sustainable climate projects across the globe.
Tata Power Solar Systems launches off-grid PV solutions
Tata Power Solar Systems has launched off-grid PV solutions in eleven variants ranging from 1 to 10 kW. The solutions are a combination of modules, inverters, and batteries.
Off-grid solar continues to expand
The off-grid solar sector has shown resilience in the face of pandemic-related challenges, with 70 million people gaining access to electricity from early 2020 to the end of 2021. However, the ability to pay for solar energy kits has taken a hit.
Morningstar unveils DC/AC inverters for off-grid applications
US-based solar controller producer Morningstar has launched a new line of off-grid inverters, featuring six models ranging from 150 W to 2,500 W. Production and deliveries are scheduled to start this year.
Employment in distributed renewable energy sector
A new report by Power For All says the commercial and industrial (C&I) sector will be a significant driver of job growth in the Indian distributed renewable energy sector in the next few years.
