Renewable energy plus storage auctions to gain traction
India Ratings expects renewable energy plus storage tenders to gain further traction in the coming years, considering the storage requirement of around 74 GW/411 GWh as per National Electricity Plan (2023-2032).
NTPC-CEB JV finalizes landmark tariff for large-scale solar project in Sri Lanka
Trincomalee Power Co. Ltd, a 50:50 JV company between NTPC and Ceylon Electricity Board, has finalized a 5.97 US cents per unit tariff for its 50 MW project in Sampoor, Trincomalee, after rounds of deliberations with various stakeholders in Sri Lanka
Model predicts solar to supply 50% of global energy demand by 2035
Solar energy will satisfy more than 50% of global energy demand within a decade according to a new modeling tool that also predicts solar costs will continue falling by 10% a year.
MENA region hits 24 GW (AC) of total solar capacity
The Middle East Solar Industry Association’s (MESIA) latest report says solar capacity in the Middle East and North Africa (MENA) region grew by 25% in 2024, with local manufacturing and energy storage also accelerating.
Gujarat tenders 500 MW/1 GWh battery storage, 500 MW solar projects
Gujarat Urja Vikas Nigam Ltd (GUVNL) is accepting bids to set up 500 MW/1 GWh of standalone battery energy storage systems, connected to the state grid, on a build-own-operate basis in Gujarat. It has launched a separate tender to set up 250 MW of grid-connected solar power projects with Greenshoe option of additional capacity up to 250 MW. These PV projects can be located anywhere in India.
Residential rooftop solar scheme presents over INR 1 trillion opportunity for component manufacturers
Residential rooftop solar scheme PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) has the potential to catalyze an INR 1.2 trillion ecosystem, with PV module, inverter, mounting equipment, and electrical component manufacturers as the primary beneficiaries alongside project developers and EPC players, says a new report by SBICAPS.
Sterling and Wilson Renewable Energy Q3 revenue up 215% YoY
Sterling and Wilson Renewable Energy has posted consolidated revenue of INR 1,837 crore and profit before tax of INR 41 crore in the third quarter of FY 2025.
Global cleantech investment expected to surpass fossil fuels for the first time in 2025
Global clean energy supply investments will reach $670 billion this year, said a report from S&P Global Commodity Insights.
Optimizing photovoltaic systems: Best practices for economic, technical key performance indicators
As the global solar energy industry grows, so does the need for accurate monitoring of performance and financial viability. The latest report by IEA PVPS Task 13, “Best Practice Guidelines for the Use of Economic and Technical KPIs,” provides a comprehensive framework to address this issue. This article explores the importance, methodologies, and applications of Key Performance Indicators (KPIs), with a focus on their role in optimizing PV systems.
Waaree Renewable Technologies posts nine-month revenue of INR 1,121.17 crore
Waaree Renewable Technologies has reported a revenue of INR 1,121.17 crore for nine-months ended on Dec. 31, 2024, 85.87% up year-on-year.
