Hero Future Energies signs $756 million MoUs with REC, PFC
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) will extend INR 3,100 crore (($378 million) each to support Hero Future Energies’ upcoming renewable energy projects.
NTPC launches 1.5 GW solar tender
NTPC has invited global bids to develop 1.5 GW of solar power projects anywhere in India. Bidding closes on August 29.
UK coal-fired power plant site to host 1,040 MW/ 2,080 MWh battery
Independent energy infrastructure developer Carlton Power has secured planning consent for a 1,040 MW/ 2,080 MWh battery energy storage system (BESS). The project is expected to strengthen the resilience of the energy system in northwestern England.
Harnessing solar power for railways
The Indian Railways is working towards reducing its carbon footprint by employing renewable energy to power its operations. The scope of installation, whether in the form of solar rooftop coaches or solar on the railway stations, is immense.
India installed 6.8 GW of solar in H1 2023
Capacity addition in the rooftop solar segment stood at 2,294 MW, which is higher than the yearly rooftop PV installations of 2022.
8.5 GW of solar parks completed under govt support scheme
Eleven solar parks aggregating 8.521 GW have been completed and seven solar parks totaling 3.985 GW partially completed under the Ministry of New and Renewable Energy’s scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects.”
Waaree Renewable reports improved revenue, profit in first quarter
Waaree Renewable Technologies recorded a revenue of INR 129 crore ($15.8 million) and a net profit of INR 11.1 crore in the April-to-June period of FY 2023-24.
German research institute unveils 99.74% efficient power electronics for solid-fuel heat pumps
Germany’s Fraunhofer Institute for Applied Solid State Physics (IAF) has developed an ultra-efficient circuit topology for voltage converters with an electrical efficiency of 99.74%. The tech could considerably raise the coefficient of performance for electrocaloric heat pumps and the scientists are now considering components based on semiconductor gallium nitride (GaN) for higher power density and efficiency.
Meyer Burger builds 2 GW solar cell factory in US
Meyer Burger plans to start a 2 GW cell factory in Colorado in the fourth quarter of this year.
Torrent Power launches public EV charging stations
The integrated power utility has collaborated with Siemens to develop the electric vehicle (EV) charging network. It has set up four EV charging stations in the Ahmedabad district of Gujarat initially and plans to cover more cities in the future.
