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Highlights

Near $1 billion solar cell factory announced in New Mexico

Ebon Solar will invest $942 million in a solar cell manufacturing facility, bringing over 900 jobs.

World’s highways could host 52.3 billion solar panels, say researchers

Researchers from the Chinese Academy of Sciences, Tsinghua University, Chinese Academy of Geosciences, and Columbia University have concluded that solar-covered highways could meet more than 60% of the world’s annual energy needs.

Advait Infratech net profit rises 300% yoy in Q1

Advait Infratech has reported a net profit (profit after tax) of INR 583.16 lakh in the April-May-June quarter of FY 2024-25, around 300% increase over INR 146.48 lakh profit for the corresponding period of the last fiscal.

SECI allocates 500 MW solar at average price of $0.030/kWh

SAEL Industries, NTPC, and BluPine Energy have emerged winners in Solar Energy Corp. of India’s auction for 500 MW of interstate transmission system connected solar capacity.

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GSECL secures PPA for 35 MW/57 MWh solar-plus-storage project

Gujarat State Electricity Corp. Ltd has secured a power purchase agreement with Gujarat Urja Vikas Nigam Ltd for its 35 MW solar PV with 57 MWh battery energy storage project.

Amazon partners Gentari to deploy electric vehicles in India

Amazon has partnered with Gentari to deploy more three-wheeler electric vehicles for Amazon deliveries.

Avaada Group signs MoU for 2.75 GW of pumped storage projects in Maharashtra

Avaada Group has signed an agreement with the Government of Maharashtra for the development of two pumped storage projects with a combined capacity of 2.75 GW in Maharashtra.

The Hydrogen Stream: Clean ammonia supplies set to soar, says BNEF

BloombergNEF says clean ammonia supplies could expand by 30 times to 32 million tons by 2030, while MAX Power Mining has roughly tripled the size of its Rider Natural Hydrogen Project in western Canada.

Sterling and Wilson Renewable Energy secures 633 MW DC solar project in Rajasthan

Sterling and Wilson Renewable Energy has won a 400 MW AC (633 MW DC) solar PV project in the Indian state of Rajasthan. The total order value is INR 550+ crore.

Amara Raja secures lithium battery, EV charger deal with Piaggio India

Amara Raja has signed the agreement to develop and supply lithium-ion cells, battery packs, and chargers for Piaggio electric vehicles in India.

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