India 2024-25 budget: A strategic and holistic focus on energy sector
India’s 2024-25 budget reflects a strategic and holistic approach to the energy sector, emphasising sustainability, innovation, and energy security. By promoting pumped storage, advancing nuclear technology, transitioning to emission targets, and supporting renewable energy and energy efficiency, the budget lays a strong foundation for a sustainable and resilient energy future
Polysilicon prices stable, futures listing opens possibilities in China
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.
Advait Energy invests in Norway’s TECO 2030
Advait Energy Holdings has invested in the Norwegian company TECO 2030 that develops PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules. Post this initial tranche of investment, it holds 2.63% shares of TECO 2030.
GameChange Solar to supply trackers for NLC’s 780 MWp PV project in Gujarat
GameChange Solar will supply its Genius Tracker 1P-2Row, with deliveries starting in the fourth quarter of 2024.
Sineng Electric launches world’s largest sodium-ion battery storage project
Sineng Electric’s 50 MW/100 MWh sodium-ion battery energy storage system (BESS) project in China’s Hubei province is the first phase of a larger plan that will eventually reach 100 MW/200 MWh. The initial capacity has already been connected to the grid and can power around 12,000 households for an entire day.
PV industry faces consolidation, says JinkoSolar
JinkoSolar has begun converting its production to n-type tunnel oxide passivated contact (TOPCon) products to stay competitive, says Frank Niendorf, the company’s general manager for Europe. He predicts that several market players in the value chain will exit the market soon.
SJVN allocates 1.2 GW solar at average price of $0.030/kWh
Acme Solar, Essar Renewables, NTPC Renewable Energy, Onward Solar, and SAEL Industries have emerged winners in SJVN’s tender for the selection of developers for 1.2 GW of solar projects anywhere in India.
Israel mandates rooftop solar on new big buildings, targets 3.5 GW by 2040
The Israeli authorities have introduced new regulations requiring rooftop PV on new large buildings, with plans to install 3.5 GW by 2040. The minimum production capacity has been set at 5 kW.
India installed 12.1 GW of solar in H1 2024
India installed about 9.6 GW of utility-scale solar, 1.8 GW rooftop, and 688 MW off-grid capacity in the Jan.-June period of 2024, says a new report by JMK Research.
Sustainability: A non-negotiable reality for long-term business growth
By proactively embracing more sustainable practices and aligning themselves with global sustainability goals, companies can ensure their continued viability and contribute to a healthier planet. The journey towards sustainability may be complex and challenging, but it is an investment that will yield significant returns in the long run.
