Power ministry mandates energy storage co-location with solar projects
India’s Ministry of Power has mandated that all renewable energy implementing agencies (REIAs) and State utilities must incorporate a minimum of two-hour co-located energy storage systems (ESS), equivalent to 10% of the installed solar project capacity, in future solar tenders.
Germany hits 100 GW solar milestone
The country installed around 1.12 GW of new PV capacity in January, thus raising its cumulative installed solar power over the 100 GW threshold.
Adani moves to allay fundraising fears
Following the indictment of its chairman, Gautam Adani, in the United States over bribery allegations, questions are being asked about Adani Group’s ability to raise capital. With the charges related to solar, India’s PV industry has wider concerns. Adani Group refutes the allegations and says it is as robust as ever.
Large batteries with grid-forming inverters can increase renewables hosting capacity
Researchers recommended that transmission system operators consider adopting grid-forming battery energy storage systems system-wide to improve grid stability and to maximize system hosting capacity for solar and wind generation.
Gujarat seeks consultant for 14.2 GW of pumped storage projects, tenders 110 MW floating solar EPC
Gujarat State Electricity Corp. Ltd (GSECL) is looking to assess the feasibility of 14,210 MW of pumped storage projects across 16 locations in Gujarat. It has also tendered EPC of 110 MW floating solar in the state.
Sineng Electric supplies central inverters for ArcelorMittal Nippon Steel’s RE project in Andhra Pradesh
Sineng Electric supplied 184 units of its 3.3 MW central inverter (EP-3300-HB-UD), delivering a cumulative capacity of 606 MW AC.
Global utility-scale solar additions hit 182 GW in 2024
Utility-scale solar installations reached 182 GW (AC) in 2024, with the top 33 countries now accounting for 765 GW, or roughly 93% of the global total, according to Wiki-Solar.
LCOE of grid-scale solar expected to drop 2% globally in 2025
A report from BloombergNEF said fixed-axis solar levelized cost of energy is expected to fall to $0.035/kWh, while battery energy storage LCOE is expected to decrease 11%.
ONGC NTPC Green acquires Ayana Renewable Power
ONGC NTPC Green, a joint venture of ONGC Green and NTPC Green Energy, has signed the agreement to acquire a 100% equity stake in Ayana Renewable Power (Ayana) for INR 195 billion ($2.3 billion).
ACME Solar Holdings reassigned A+/Positive credit rating by Crisil
Acme Solar Holdings Ltd has been reassigned ‘Crisil A+/Positive’ rating for its long-term bank loan facilities of INR 200 crore.
