Weather-related damage to solar assets in USA exceed modeling expectations by 300%
The report from kWh Analytics, with input from several industry leaders, identified 14 risks to be aware of in the solar industry, including risks related to extreme weather, such as hail, and operational risks.
Waaree supplies 68 MW of solar modules for Gensol’s Mahagenco project
Waaree Energies Ltd has supplied 68 MW of its bifacial dual-glass solar modules to Gensol Engineering Ltd. The modules are currently being commissioned for the Mahagenco solar PV project.
Radiance, PIDG form JV for C&I solar, hybrid projects in India
Radiance Renewables and UK-based investor Private Infrastructure Development Group (PIDG) have announced a joint venture to develop greenfield solar and hybrid wind-solar energy projects for commercial and industrial (C&I) clients in India.
Gujarat allocates 500 MW solar at $0.032/kWh
Avaada, BluPine Energy, Hinduja Renewable Energy, KPI Green and NRC Industries have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected solar with greenshoe option of additional 500 MW.
The Hydrogen Stream: Sembcorp signs term sheet to supply green ammonia from India to Japan
Sembcorp Green Hydrogen, an arm of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric for the supply of green ammonia produced in India to Japanese off-takers. Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.
World’s largest solar plant goes online in China
China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).
Grid upgrades needed to support Asia Pacific’s renewable energy expansion
A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.
IEA urges countries to accelerate renewables deployment
A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.
Solar panel import tariffs are affecting the US industry by increasing prices by up to 286%
Clean Energy Associates released a summary of the seven solar module trade policies and solar panel import tariffs currently in place, including AD/CVD rulings, Section 201/302, and the Uyghur Protection Act. These tariffs have significantly increased, or will increase, the cost of hardware imports into the United states – predominantly from China, but not exclusively – by 91% to 286%.
India needs $385 billion investment to meet its renewable energy target: Moody’s
India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.
