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Linde raises 26% stake in 32.5 MW solar plant for self-consumption

The captive solar plant is developed by Avaada Group through a special purpose vehicle called Avaada MHYavat. The solar electricity generated will power energy-intensive air-separation operations of the industrial gas producer.

Larsen & Toubro, IIT Bombay partner on green hydrogen technology development

The Indian multinational EPC solutions provider has signed an agreement with the Indian Institute of Technology (IIT) Bombay to develop scalable and cost-effective solutions for green hydrogen production jointly.

Borosil Renewables to acquire Europe’s largest solar glass maker Interfloat Group

With this acquisition, the Indian manufacturer’s solar glass output will grow to 750 tonnes per day (TPD) from the current 450 TPD.

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Torrent Power acquires 50 MW solar plant from Canadian developer SkyPower

The solar plant, located in Telangana, benefits from a 25-year power purchase agreement (PPA) with the State discom at a fixed tariff of approx. INR 5.35/kWh. It has a remaining useful life of approx. 20 years.

India calls for credit guarantee fund to drive solar adoption in electricity-deprived regions globally

RK Singh, India’s power minister, and president of the International Solar Alliance (ISA) Assembly, called on nations to support solar investments in developing and under-developed regions, including Africa, through low-cost finance and credit guarantee fund.

Solar module prices increased 38% in the last 20 months

Supply demand mismatch is the most crucial factor which is directly or indirectly leading to an increase in module prices. At present, demand (especially for poly-Si) far outstrips the supply. A balance between the supply and demand is essential for stabilization of solar module prices.

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India added a record 13.5 GW of solar and wind capacity in 2021-22

The nation installed 12,438 MW of solar (10,217 MW utility-scale and 2,221 MW rooftop) and 1,111 MW wind during the 12 months ending March 31, 2022. The record addition was mainly due to the completion of projects delayed from the previous year.

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Green ammonia, low-hanging fruit for India’s green hydrogen economy

A new report from IEEFA says green ammonia could help India significantly reduce its trillion-rupee fertilizer subsidy bill and cut dependence on liquefied natural gas (LNG) imports for fertilizer production. The report looks at leading green hydrogen to green ammonia projects worldwide and reviews the cost competitiveness of producing green ammonia using various electricity inputs – grid electricity, round-the-clock renewable power, and solar power plus batteries. It also looks at the policy interventions required for green hydrogen and ammonia projects.  

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Punjab-based textile manufacturer goes solar with a 5 MWp rooftop PV plant

Punjab-based ST Cottex India is getting a 5 MWp rooftop solar plant installed at its yarn manufacturing unit in Ludhiana. Mumbai-based EPC solutions provider Roofsol Energy is doing the ‘OPEX’ mode installation.

ReNew Power selects Librestream’s augmented reality-enabled remote collaboration solution

Librestream’s Onsight solution provides a fully-collaborative environment between remote experts and field technicians, helping to resolve issues at the solar plants quickly and remotely.

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