Solar corporate funding hits decade-long high in 2023 globally
PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to Mercom Capital Group.
Fimer supplies inverters for Ayodhya’s 40 MW solar PV plant
Fimer supplied PVS980-58 5 MVA central inverters to Jakson Green for the 40 MW solar project in Ayodhya. The project is being developed by NTPC Green Energy with Jakson Green as the EPC provider.
Hero Future Energies signs MoU for INR 4,000-crore projects in Uttar Pradesh
Hero Future Energies will invest INR 4,000 crore into setting up renewable energy projects, battery energy storage systems, facilities for the production of green hydrogen and its derivatives, etc in the Indian state of Uttar Pradesh.
France’s new PV installations hit 3.15 GW in 2023
The French solar market grew by around 30% in 2023, reaching 3.15 GW, according to new data from Enedis. PV systems for self-consumption accounted for around one-third of all new capacity additions.
Sterling and Wilson Renewable Energy closes Q3 FY24 with five project wins totalling over INR 2,400 crore
Sterling and Wilson Renewable Energy’s gross unexecuted order value as on Dec. 31, 2023 stood at INR 8,750 crore.
NTPC tenders EPC package with land for 200 MW of solar projects
NTPC Green Energy Ltd, on behalf of IndianOil NTPC Green Energy Ltd, has invited domestic bids to develop up to 200 MW of interstate transmission system (ISTS) connected ground-mounted solar PV projects on an EPC basis anywhere in India.
The practicality of a 100% renewable energy system
The biggest question for the transition from the conventional practice of electricity generation to 100% eco-clean renewable energy resources is, can we maintain the electricity grid stable every minute of every day? The answer is clearly YES, and it is practical.
Adani to build 1.35 GW of pumped storage, 100 MW data centre powered by renewables in Telangana
Adani Green Energy will set up 1.35 GW of pump storage projects with an investment of over INR 5,000 crore ($601.48 million) in the Indian state of Telangana. Adani Enterprises Ltd (AEL) will also invest over INR 5,000 crore in a 100 MW data centre, powered by renewable energy.
Torrent Power commits $5.7 billion investment in Gujarat
Torrent Power will develop 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, and the solar park infrastructure for a 7 GW solar power project in Gujarat. It will also set up a 100 ktpa green hydrogen/green ammonia production facility in the state.
Vertical integration at scale key to reducing green hydrogen cost
Gautam Adani, chairman of Adani Group, says vertical integration at scale promises the greatest acceleration towards reducing the cost of green hydrogen from the current $3-5 per kilogram (kg) to the $1/kg mark.
