Solarium Green gets BSE nod for SME IPO
Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.
Madhya Pradesh to meet 50% of its power needs through solar energy by 2030: Chief minister Mohan Yadav
Madhya Pradesh chief minister Mohan Yadav also dedicated 880 MW Agar and Neemuch solar projects built at a cost of INR 3,520 crore in Agar-Malwa district.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
ABB to acquire Gamesa’s power electronics, storage business
ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.
Acme Solar commissions 1,483 MWp in Rajasthan
Acme Solar has switched on four co-located solar projects aggregating to 1,023 MW AC (1,483 MWp) in Rajasthan. The capacity, connected to the interstate transmission system, constitutes 85% of the overall 1.2 GW project that benefits from a 25-year power purchase agreement (PPA) with SECI at a tariff of INR 2.44/kWh.
Avaada Energy wins 200 MW (DC) solar project from GUVNL
Avaada Energy will develop a 200 MW (DC) solar plant for power supply to Gujarat Urja Vikas Nigam Ltd at a tariff of INR. 2.75 per kWh.
NTPC Renewable switches on 30 MW solar in Gujarat
The newly commissioned capacity is part of NTPC Renewable Energy’s 150 MW solar project across Limbdi, Mesanka and Radhanpur
India to mandate energy storage for solar, wind projects
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
Coal India Ltd launches 1 GW solar EPC tender
Coal India Ltd has invited EPC bids for its 1 GW solar power project planned in Rajya Vidyut Utpadan Nigam Ltd’s solar park in Rajasthan. Bidding closes on Jan. 2.
Shift to 2 kV voltage in solar projects tipped to gain traction
Amid record-low prices for solar modules, the focus of cost reduction for utility-scale solar projects is shifting to non-module balance-of-system (BoS) expenses. A transition from 1.5 kV voltage to 2 kV in solar projects is expected to gain traction through 2030.
