AMPIN Energy secures $35 million from responsAbility
Swiss impact investor responsAbility’s $35 million investment will enable AMPIN Energy Transition to grow its renewable energy portfolio, primarily in commercial and industrial (C&I) solar across a wide spectrum of sectors in India.
ReNew secures PPAs for 2.2 GW of renewables
ReNew has secured power purchase agreements for 1,500 MW of solar and 688 MW of wind power projects. It has also received Letter of Awards for an additional 5.8 GW of renewable energy capacity.
Solar-hydrogen solution rolled out for off-grid settings
A new mobile power generator that combines solar and renewable hydrogen to provide zero-emissions power for remote and off-grid applications has been unveiled by Australian startup H2PowerBox.
Off-grid solar investment down by 43% globally in 2023
The Global Off-Grid Lighting Association (GOGLA) says total investment in the off-grid solar sector stood at $425 million in 2023, down 43% year on year. It says the industry needs to address a lack of early-stage financing to meet development and climate targets.
Grew appoints Hiten Parekh as president-Global Sales
Hiten Parekh has previously held key positions at O2 Power, Navitas Solar, SunEdison, and SolarSquare.
New study calculates 207 GWp of floating solar potential in India
A new report prepared under the Indo-German Technical Cooperation on Innovative Solar provides a comprehensive overview of the floating solar PV potential in India. It also provides projections for installations from 2024 to 2040.
Research shows high-albedo ground reflectors increase bifacial solar plant yield by up to 4.5%
Tests conducted by Canadian researchers at the NREL’s testing field in Colorado have shown that ground reflectors based on high-density polyethylene can significantly increase bifacial PV plant performance. They stressed the profitability of this technology is strictly dependent on the location and warned avoiding to combine it with inverter clipping.
China’s clean tech dominance threatens global market stability
The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Tata Power reports record profit of INR 4,280 crore for FY 2024
Tata Power has recorded INR 61,542 crore of revenue and INR 4,280 crore net profit for the fiscal year ended March 31, 2024.
Longi announces 27.30% efficiency for heterojunction back contact solar cell
The Chinese module manufacturer said the new efficiency record was confirmed by Germany’s Institute for Solar Energy Research (ISFH).
