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ReNew sells 300 MW solar asset in Rajasthan for $176 million

The 300 MW solar project, located in Jaisalmer, benefits from a 25-year power purchase agreement with Solar Energy Corp. India Ltd at INR 2.55/kWh. It has been operational for three years.
Highlights

ACME Solar secures financing for 300 MW solar-wind hybrid project, wins 300 MW PV project

Acme Solar has secured INR 1,988 crore in term loan financing for the development and construction of a 300 MW solar-wind hybrid renewable energy project. It has also secured a 300 MW solar power project in a SECI auction (XVIII tranche).
Highlights

Bifacial perovskite solar can achieve bifaciality of 90% when tilted at 20 degrees

IIT Bombay researchers have shown that bifacial perovskite solar cells can achieve a 2% higher power conversion efficiency with a tilt angle of 20 degrees. They also developed a bifacial perovskite solar cell for applications in both tandem or single-jun...
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Energy Storage

Batteries set to drive rapid solar growth

Chemical battery storage, led by lithium, has made such significant strides in terms of cost, capacity and technology that batteries are now positioned to accelerate our already exponential solar growth.
Highlights

SECI allocates 600 MW of solar at $0.036/kWh

Acme Solar, Adani Renewable Energy and ReNew have emerged winners in Solar Energy Corp. of India’s 1 GW solar tender.
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Installations

Pumping underground water in the desert with PV, wind

Scientists have designed a system that combines solar panels, wind turbines, and battery storage to operate water pumping systems in Jordan. They simulated it under several scenarios in search of the optimal size.
Events

Kerala launches 125 MW/500 MWh battery storage tender

Solar Energy Corp. of India (SECI) is accepting bids to set up 125 MW/ 500 MWh of battery energy storage system in Kerala, for “on demand” usage by Kerala State Electricity Board Ltd (KSEBL). The project will be supported with viability gap funding. ...
Installations

SJVN Green Energy tenders 1,352 MW solar under PM KUSUM Scheme

SJVN Green Energy Ltd (SGEL) is accepting bids to develop 1,352 MW of grid-connected, ground-mounted PV projects under Component C of the PM-KUSUM Scheme.

Markets & Policy

Featured

Hydrogen energy: India’s path to a sustainable future

The widespread adoption of hydrogen energy has the potential to reduce India’s annual greenhouse gas emissions by 50 million tonnes by 2030. This transition will not only contribute significantly to global climate goals but also drive economic growth through job creation, increased energy security, and enhanced industrial competitiveness.

NTPC signs MoU for green hydrogen mobility in Bhubaneswar

NTPC will set up a green hydrogen fuelling station in Bhubaneswar and provide hydrogen buses for short-haul and long-haul operation.

Annual lithium-ion demand surpasses 1 TWh for first time

The big milestone comes on the back of a record month for electric vehicle sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter’s impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.

Global solar module prices stable-to-firm as markets wind down for year end

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Solarium Green gets BSE nod for SME IPO

Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.

Antidumping investigation could more than double cost of U.S. EV battery, energy storage

Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.

Installations

Featured

Solidus secures 29 MWp C&I solar EPC project

The solar project will supply 40% of the electricity requirements for an industrial manufacturing facility in Rajasthan.

NTPC’s 1.2 GW solar auction draws lowest bid from BPCL

NTPC’s 1.2 GW solar auction has attracted the lowest tariff of INR 2.55/kWh from oil and gas major Bharat Petroleum, which secured 150 MW of project capacity.

Bihar receives INR 90,734 crore investment proposals in renewable energy

Ashoka Buildcon, HPCL, NHPC, NTPC Green, SJVN, Sun Petrochemicals and Surya International are among companies that have signed memorandum of understanding with the state government for investment in renewable energy

Sterling and Wilson Renewable Energy secures solar project worth INR 1,200 crore

Sterling and Wilson Renewable Energy has secured the contract for engineering, supply (except PV modules) and construction of a 500 MW (AC) solar PV plant in Gujarat. The contract includes comprehensive operation and maintenance support for three years

Madhya Pradesh to meet 50% of its power needs through solar energy by 2030: Chief minister Mohan Yadav

Madhya Pradesh chief minister Mohan Yadav also dedicated 880 MW Agar and Neemuch solar projects built at a cost of INR 3,520 crore in Agar-Malwa district.

How microgrids with energy storage empower remote communities

Battery energy storage systems significantly improve the reliability of microgrid power supply, offering a dependable source of electricity for critical services like healthcare facilities and schools.

Technology

Featured

ABB to acquire Gamesa’s power electronics, storage business

ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.

Oriana Power commits INR 10,000 crore renewable energy investment in Rajasthan

Oriana Power Ltd has signed a Memorandum of Understanding (MoU) with Rajasthan government to invest INR 10,000 crore for project development across solar, green hydrogen, and energy storage solutions.

Hithium unveiles 6.25 MWh BESS, sodium-ion battery cell, installation-free home microgrid

A trifecta of cutting-edge products debuted at Hithium’s second Eco Day event held in Beijing.

Five-year testing show PV façades perform better than expected

Researchers in the Netherlands have analyzed the performance of PV façades during the period 2018-2023 and have found that these system may generate more economic value than conventional rooftop PV systems. Their analysis was based on financial, technical and environmental metrics

Waaree Energies, IIT Bombay collaborate to drive perovskite solar R&D

Waaree Energies will support creation of an advanced fabrication and characterization setup for high-efficiency perovskite solar cells at IIT Bombay.

Volta Energy unveils new solar generator for construction sites, pumps

Netherlands-based Volta Energy has launched a 15 kVA portable solar generator to provide offgrid power equipment for use on construction sites. The system includes solar panels, an inverter, battery, trailer, and a backup bio-diesel generator.

Manufacturing

Featured

JA Solar to invest in solar manufacturing hub in Oman

JA Solar has revealed plans to invest CNY 3.957 billion ($542 million) to build a factory in Oman with 6 GW of solar cell capacity and 3 GW of PV module capacity.

Waaree Energies approves investment in 300 MW electrolyzer, 3.5 GWh lithium-ion battery cell units

Waaree Energies’ board of directors has approved investment in setting up a 300 MW electrolyzer manufacturing plant and a 3.5 GWh Lithium-ion battery cell manufacturing plant.

The Hydrogen Stream: Ashoka Buildcon commits INR 9,000 crore investment in Bihar

Maharashtra-based construction engineering company Ashoka Buildcon has committed an investment of INR 9,000 crore in setting up a green hydrogen production plant in Bihar.

Neuron Energy ties up for two-wheeler battery production

Neuron Energy, an EV battery manufacturer in India, has partnered with a two-wheeler original equipment manufacturer (OEM) to establish a facility with a capacity to produce 3,000 battery packs monthly with a total energy output of 100 MWh. Over the next two years, the partnership aims to boost this capacity to 150 MWh through an investment of INR 150 crore.

U.S. distributed generation solar panel prices decline on oversupply

Prices have fallen 7% since August as domestic manufacturing ramps up and the global market contends with product oversupply, said a report from Anza.

Waaree starts solar module production at its USA facility

Waaree Solar Americas has started trial production of PV modules at its facility in Texas. The facility is set to fully commission its Phase-1 manufacturing capacity of 1.6 GW in the next few months.

Energy Storage

Featured

World’s largest compressed air energy storage project breaks ground in China

Huaneng Group has begun phase two of its Jintan Salt Cavern CAES project in China. It is set to become the world’s largest compressed air energy storage facility with groundbreaking advancements in power output and efficiency.

India to mandate energy storage for solar, wind projects

India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.

Shift to 2 kV voltage in solar projects tipped to gain traction

Amid record-low prices for solar modules, the focus of cost reduction for utility-scale solar projects is shifting to non-module balance-of-system (BoS) expenses. A transition from 1.5 kV voltage to 2 kV in solar projects is expected to gain traction through 2030.

Reliance Power arm secures LoA for 930 MW solar with 465 MW/1,860 MWh battery storage

This is India’s single largest project of solar and battery storage system.

India’s green hydrogen leap presents INR 8-10 trillion opportunity

India’s target of achieving 5 million tonnes per annum of green molecule production by 2030 presents an investment opportunity of INR 8-10 trillion across building the infrastructure for electrolyzer production, renewable energy generation and green molecule production.

NTPC tenders BoS package for 1.5 GW solar in Rajasthan

NTPC Green Energy Ltd (NGEL) has tendered the balance-of-system package for 1.5 GW of grid-connected solar PV projects in Bikaner, Rajasthan.

Opinion & Analysis

Featured

Why district cooling is India’s best bet for climate resilience

As the need for decarbonizing cooling becomes more urgent, District Cooling delivered through the CaaS model is expected to gain wider acceptance. Its ability to scale across large developments and provide a more sustainable, long-term solution for India’s rapidly growing cooling demand positions it as a key lever to address the paradox the country faces of meeting the burgeoning cooling needs while honoring our climate commitments.

Solar wafer prices stabilize as supply rationalizes, regional policies shape production and trade

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Navigating India’s solar operations and maintenance market

The sheer scale of solar installations means that ensuring consistency in operations and maintenance practices across the country is no easy task. Moreover, as technology continues to evolve, companies will need to keep up with the latest innovations to stay competitive.

Stable GPM polysilicon prices post-antidumping duty rates, optimism on firm demand

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Bolstering energy transition through green hydrogen

By offering incentives for green hydrogen production and manufacturing electrolyzers, the government of India is making it easier for players to enter this space and scale up technologies. The focus on public-private partnerships is crucial to this effort, ensuring that both the public sector and private companies collaborate efficiently to make green hydrogen a reality impacting masses.

Ensuring the success of solar installations 

While solar EPC projects present immense opportunities, they also face challenges that require strategic navigation, including risk management, regulatory compliance, and stakeholder coordination. 

Press Releases

Cleantech Solar announces CEO Succession; appoints Sanjay Gupta as CEO

Sanjay has held leadership roles at globally renowned organisations such as Keppel Fund Management, Sembcorp Industries, and EnergyAustralia.

Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024

Recognition for boosting customer value with its technologically powered solutions and market-leading position.

Livguard Unveils India’s First & Only Integrated Drivetrain Solutions at EV Expo 2024

Exclusive Launch of Integrated Drivetrain Solutions for Electric Vehicles by Livguard  including critical components such as the motor, controller, battery, and charger, specifically designed for electric two-wheelers, e-rickshaws, and L5 vehicles (e-autos)

India Needs more than 10 Lakhs Additional Engineers by 2050 for RE Vision: CMD, IREDA at 39th Indian Engineering Congress

Currently, India is the 4th largest country in terms of jobs in the Renewable energy sector with ~1 million jobs of the ~16 million jobs globally. By 2050, ~43 million jobs will be needed in the RE sector globally with ~8.

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