India’s installed battery storage capacity reached 219.1 MWh as of March end: Mercom
The recently released Mercom report expects India to add 1.6 GWh of standalone battery energy storage systems and 9.7 GW of renewable projects plus energy storage by 2027.
India leading the solar wave to become world’s second-largest module manufacturer
Continued government support, coupled with strategic investments in technology and infrastructure, will be crucial in realizing India’s renewable energy goals and cementing its position as a global leader in solar module manufacturing.
Solar industry grapples with oversupply and uncertainty
The solar industry stands at a critical juncture. Oversupply, regulatory hurdles, and technological advancements are all reshaping the landscape. Manufacturers must adapt swiftly, balancing production with demand while navigating the complexities of global trade.
South Africa imposes 10% import tariff on solar panels
The International Trade Administration Commission of South Africa (ITAC) has imposed a 10% import tariff on solar panels to protect local manufacturers, attract investment, and deepen the value chain. The South African Photovoltaic Industry Association has questioned the lack of formal industry engagement, calling the timing “not ideal.”
PV market eyes recovery amid falling module prices
Martin Schachinger, founder of pvXchange.com, says that solar module prices are falling across the board, while batteries and inverters are hitting historically low prices due to market oversupply.
Google invests in Taiwanese solar developer New Green Power
Google has made a capital investment in Taiwan-based New Green Power, in a deal that grants the US company the rights to procure up to 300 MW of solar assets.
Financial incentives, awareness could boost energy transition among MSMEs: WRI India
A new working paper by WRI India identifies existing gaps and offers suggestions to design policies that assist micro, small and medium enterprises (MSMEs) to switch to clean energy at a faster rate.
India installed 14.7 GW solar in FY 2024
India installed about 11.7 GW of utility-scale solar capacity and another 3 GW of rooftop solar capacity in the twelve months ending March 31, 2024.
The Hydrogen Stream: Hygenco secures green ammonia offtake agreement with Ameropa
India’s Hygenco Green Energies has signed a term sheet with Switzerland’s Ameropa for the potential supply of green ammonia from its forthcoming project at the Gopalpur port in Odisha.
Understanding the evolving landscape of Corporate Sustainability Due Diligence Directive
The Corporate Sustainability Due Diligence Directive signals a new era of corporate responsibility, urging Indian businesses to embrace sustainable practices to thrive globally. This presents an opportunity to enhance competitiveness, attract global partners, and contribute to a more sustainable and resilient future.
