Residential PV

Adani Green Energy Ltd, the renewable energy arm of the diversified Adani Group, reported a consolidated net profit of INR 103 crore in the three months ended Dec. 31, 2022.

Scientists in Sweden have compared AC and DC topologies in PV-powered buildings using battery storage. They have found that DC distribution systems can achieve energy savings when they are combined with solar-plus-storage systems.

India’s Energy Efficiency Services Ltd has agreed to provide technical advisory, project management, contracting and implementation support for energy efficiency programmes in Indonesia, Malaysia, and Thailand.

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.

The integrated power company reported a profit after tax or net profit of INR 1,052 crore ($127.6 million) in the quarter ended December 2022, a 91% increase year-on-year.

LG has developed an air source heat pump with the capacity to heat 200 liters to 270 liters of domestic water. It uses R134a as a refrigerant and the pump has a coefficient of performance (COP) of up to 3.85.

An international research group claims that raw materials and land availability do not present a real barrier for a global energy system with solar at its center. They said that forecasts for PV growth should not have their axis on utility-scale power plants and instead consider vertical PV, agrivoltaics, and floating PV as the source of future big market volumes.

UK scientists have discovered that second-life batteries could provide a lower levelized cost of electricity (LCOE) than conventional batteries in school buildings equipped with PV in East African schools. They said the cheapest system configuration uses either 7.5 kW or 10 kW of solar with 20 kWh of storage.

Experts at TERI say the money collected as cess on coal could be used to create a Green Equity Fund and also provide viability gap funding for energy transition projects.

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.