Husk Power secures $20 million in debt financing from European Investment Bank
Husk Power will use the fund for the construction of community solar minigrids in Nigeria, installation of rooftop solar for commercial & industrial (C&I) customers, expansion of appliance sales to households and small businesses, and the scaling of value-added services such as agro-processing and e-mobility.
IRENA says global solar capacity rose by 345.5 GW in 2023
The International Renewable Energy Agency (IRENA) says developers installed 345.5 GW of solar throughout the world in 2023. China mainly drove the surge, accounting for nearly three-quarters of all new renewable energy, but IRENA says more equitable growth will be needed to hit 2030 deployment targets.
India added 20.8 GW of solar module, 3.2 GW of cell manufacturing capacity in 2023, says Mercom
India’s cumulative solar module manufacturing capacity reached 64.5 GW and solar cell capacity 5.8 GW as of December 31, 2023.
Luminous opens solar panel factory in Rudrapur
The fully automated solar panel plant with a production capacity of 250 MW is expandable up to 1 GW nameplate capacity.
Renewable energy developers applaud Supreme Court verdict on Great Indian Bustard protection
India’s apex court has relaxed restrictions on the construction of overhead transmission lines in the potential areas for renewable energy generation in Rajasthan and Gujarat. It has also constituted a new committee to identify measures and safeguards to be adopted in overhead transmission that can help conservation of Great Indian Bustard.
Polysilicon prices persist in potential trend downward, governed by unfavorable factors
In a new weekly update for pv magazine, OPIS, a Dow Jones company, offers bite-sized analysis on solar PV module supply and price trends.
NTPC allocates 1,584 MW of renewables-plus-storage at $0.056/kWh
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy. The projects are to be developed on a build-own-operate basis.
India needs the most advanced battery storage ecosystem with over 238 GWh of capacity to support 500 GW non-fossil energy target by 2032, say experts at IESA SESI 2024
Industry experts at the 4th Edition of the International Conference on Stationary Energy Storage India (SESI) 2024 emphasised the rapid deployment of battery energy storage system (BESS) and pumped hydro in India.
SECI launches 1.2 GW solar-plus-storage tender
Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV projects linked to 600 MW/1,200 MWh of energy storage systems on a build-own-operate basis anywhere in India. Power procured by SECI from these projects has been provisioned to be sold to the different buying entities of India. Bidding closes on April 30.
Gensol Engineering secures 135 MWp solar PV project in Maharashtra
Gensol Engineering Ltd has secured the engineering, procurement, and construction contract for a 100 MW AC/135 MWp ground-mount solar PV power project in Maharashtra. The project, awarded by an undisclosed power generation utility, has a total order value of INR 520 crore ($62.4 million).
