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Highlights

UK think tank predicts 593 GW of new global PV installations for 2024

UK-based energy think tank Ember says it expects 593 GW of solar to be added throughout the world this year – 29% more than in 2023. It says 292 GW were installed by the end of July.

How innovations in electrolyzer technology are making green hydrogen more affordable   

The cost-effectiveness of green hydrogen hinges on the efficiency and scalability of electrolysers. Historically, the high cost of electrolysers and the electricity required for water electrolysis have been significant barriers. However, recent technological innovations are addressing these challenges. 

Yashika Energy Systems partners Germany’s Next2Sun on vertical bifacial agri-PV systems  

Yashika Energy Systems has partnered Germany’s Next2Sun and Wattkraft India to launch pilot projects, ranging from 100 kWp to 500 kWp, integrating vertical bifacial solar technology with agriculture.

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RWE, AM Green Ammonia sign MoU on RFNBO-compliant ammonia supply from India

AM Green Ammonia will supply up to 250,000 tonnes of green ammonia per year from its production sites in Kakinada and Tuticorin.

 

NTPC Green Energy files draft papers for $1.19 billion IPO

The initial public offer (IPO) will comprise only a fresh issue of equity shares, with no offer-for-sale component included.

Torrent Power secures LoI for 1.5 GW pumped hydro storage capacity

Torrent Power will provide 1.5 GW of energy storage capacity to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for a period of 40 years. The capacity will be made available from Torrent’s upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra.

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RE+ 2024: Key takeaways on the U.S. solar industry

The 4.9 earthquake that shook Anaheim on the last day of RE+ 2024 did little to rattle the enthusiasm seen and felt at the largest energy conference in North America.

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Huawei unveils world’s largest microgrid

China’s Huawei has built a 400 MW/1.3 GWh solar-plus-storage off-grid facility in Red Sea New City, Saudi Arabia.

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Gautam Solar to set up 2 GW PV cell manufacturing facility

Gautam Solar plans to establish a 2 GW PV cell manufacturing plant with an estimated investment of INR 1,000 crore.

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Sunsure Energy, REC sign MoU for INR 10,000 crore to develop green energy projects

REC has agreed to provide INR 10,000 crore in debt funding to support Sunsure Energy in the development of 3 GW of solar, wind, hybrid, and battery energy storage projects.

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