Highlights

ReNew Power, a Nasdaq-listed Indian developer, has secured $1 billion in external commercial borrowings for a 1.3 GW wind-solar energy project, backed by up to 100 MWh of battery storage. The project is co-owned by Japanese investor Mitsui and will supply round-the-clock power under a 25-year power purchase agreement.  

Metal roofing has become a driver for roof type selection in many cases because not only is a metal/solar roof system less expensive upfront than other roof system combinations, but it also leads to improvements in the lifetime return on investment of the system.

Cleantech Solar will develop the PV plant at its solar park in Tamil Nadu and supply clean power to Saint-Gobain India’s manufacturing facilities.

Sales growth in India’s electric vehicle market will moderate to 75% per year over the next three years, as supply constraints drive up prices of key raw materials for batteries. 

The amended Energy Conservation Bill sets a minimum usage clause for non-fossil fuel by high carbon-emitting sectors such as power, transport, industry, and buildings. It also includes provisions to incentivize decarbonization efforts by allowing carbon trading.

UK researchers have revealed that gaseous hydrogen could cause problems in natural gas pipelines, while electrolyzer manufacturer Nel has announced plans to build a second production line in Norway.

Hygenco will build, own and operate a multi-megawatt green hydrogen facility for the long-term supply to Jindal Stainless Ltd, one of the largest stainless-steel conglomerates globally.

NTPC has switched on its third solar project this month, following the completion of the 296 MW Fatehgarh and 250 MW Kolyat PV parks in Rajasthan.

Deepak Thakur, the former chief of Sterling and Wilson’s hybrid and energy storage business, has joined Mahindra Group’s cleantech arm Mahindra Susten.

A new report form analysts at IHS Markit notes that the market for module-level power electronics (MLPE) grew by 33% between 2019 and 2021, with around one-third of new residential solar installations now taking advantage of MLPE’s promise of improved safety, energy yield and fault detection. And with smaller, distributed generation systems expected to represent 43% of global PV installations between now and 2025, the opportunity for MLPE will only get larger.