India leads region as volume of corporate clean energy smashes record
The nation saw 1.3 GW of renewable energy secured for business through private PPAs in 2018, almost twice as much as the volume recorded in Australia, but the picture could change next year if China follows through with its renewable portfolio standard commitment.
Abu Dhabi’s Masdar in race to buy Hero Future stake
Abu Dhabi based Masdar Clean Energy is in talks to acquire a 30-35% stake in Hero Future Energies. With the stake sale, the renewable energy arm of Hero Group expects to raise $300-350 million for its expansion into global markets, according to reports.
This year could see a reckoning for ultra-mega PV projects
The fate of the clutch of 500 MW-plus projects due to break ground this year could determine whether such ambitious schemes have a viable future, says Wood Mackenzie in its solar 2019 forecast. And the Indian market should brace for consolidation, add the analysts, because of aggressive reverse-auction tariff pricing.
UAE minister and OPEC chief says IRENA’s solar forecasts for Gulf nations will prove conservative
With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables capacity by 2024, as pv magazine editor-in-chief Jonathan Gifford reports.
Mauritius installs the first wave of 10,000 solar rooftops
The Indian Ocean state has received $10m in concessional loan funding from the development agency of Abu Dhabi, in a program co-financed by the International Renewable Energy Agency.
Saudi Arabia and BP Group betting big on India
Two of the world’s biggest players in the oil industry have backed the nation’s ambitious solar target – and are putting their money where their mouth is.
International research group develops solar cell with storage properties
Although the “solar flow battery” is currently considered too expensive by its own creators, a further improvement of its design and the use of emerging solar materials and new electrochemistry may open new opportunities for this kind of technology.
Government initiates anti-dumping investigation for the imports of EVA film for PV modules
RenewSys India has filed an application before the Directorate General of Anti-Dumping & Allied Duties for the imposition of anti-dumping duty on imports of ‘Ethylene Vinyl Acetate (EVA) Sheet for Solar Module’ from China PR, Malaysia, Saudi Arabia, South Korea, and Thailand.
Fossil fuel global grip being loosened by holy trinity of affordable PV, wind and storage, finds BNEF
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim a larger share of bulk and dispatchable generation while adding vital flexibility to the global energy mix.
NTPC bids for 500 MW solar plant in Oman
National Thermal Power Corporation (NTPC) Ltd, has bid for 500 MW solar power plant tendered by the Oman Power and Water Procurement Company, which will be located in Ibri, 300 km west of capital city of Muscat.
