Lenders choose renewables over coal for second year in a row
In year 2022, solar, wind and hybrid project finance lending amounted to INR 18,577 crore ($2.36 billion). On the other hand, like in 2021, not a single coal power plant received such funding.
Wires and cables in the solar industry
The solar industry growth has accelerated the demand for wires and cables in India. Since solar cables are key in transmitting power from the PV panels to the system, it is essential to invest in the best-suited type of solar cable that meets stability and safety norms.
Reducing PV module temperature with beeswax, paraffin wax
Scientists in Iraq have applied two different kinds of phase-change materials to lower the operating temperatures of PV panels. Their experiment showed that beeswax and paraffin wax are particularly effective in achieving this goal, even when they are combined together.
India’s installed solar power capacity expected to hit 104 GW by March 2025
ICRA expects India’s installed solar power capacity to grow to 104 GW by March 2025 from 72 GW as of October 2023, led by strong policy support and moderation in solar module prices.
NTPC launches 1.5 GW solar tender
NTPC has also invited bids to supply 1.5 GW of renewable power from wind-solar hybrid power projects. The projects can be developed anywhere in India
China’s Sunpure to supply L&T with PV cleaning robots for 805 MWp solar project in Saudi Arabia
Sunpure will supply Larsen & Toubro with over 1,500 water-free cleaning robots for an 805 MWp solar project in Saudi Arabia.
Adani Green ranks among top 3 large-scale solar developers globally
Adani Green Energy Ltd (AGEL) is the world’s second-largest large-scale solar developer with a PV portfolio of 18.1 GW. It is also the only player from Asia in the global large-scale solar PV developer ranking.
Adani Green secures $1.36 billion debt facility to finance Khavda RE Park
Adani Green Energy Ltd (AGEL) has secured a $1.36 billion debt facility from eight international banks in one of the largest project finance deals in Asia. It will use the funding to develop the world’s largest renewable energy park at Khavda in Gujarat.
EDF, Scatec Africa win South Africa’s battery procurement auction
The South African Government’s Department of Mineral Resources and Energy announced French utility Électricité de France (EDF) will develop 257 MW of battery energy-storage systems across three projects, while South African renewable energy company Scatec Africa will develop one 103 MW project.
Eden Renewables signs 300 MW solar PPA with SECI
Eden Renewables India has announced the signing of 300 MW power purchase agreement (PPA) with Solar Energy Corp. of India Ltd, for sale of renewable energy.
