Highlights

India has installed 180,796.35 MW of renewable energy capacity as of Dec. 31, 2023, including 73,318.49 MW (around 41%) from solar power projects.

JSW Neo Energy secured the biggest slice of 700 MW. Other winners include BluPine Energy and Mahindra arm Furies Solren (300 MW each), GRT Jewellers (150 MW), and NTPC Renewable Energy (50 MW).

Avaada Energy, an arm of Avaada Group, announced today it has secured around 1.4 GWp of solar energy projects in recent auctions by central and state government agencies in India.

Solis has shipped 4 GW of solar inverters in India since its entry in the nation in 2015.

Investors and developers raised more than $34.3 billion in 160 deals last year, according to a new report by Mercom Capital.

The rebound effect consists of a reduction in expected gains from a more resource-efficient technology as a result of behavioral or systemic change. An international research team has investigated this phenomenon in the residential PV segment in Vietnam and has found that it could happen in any country where the policy supporting solar power is not fully and scientifically explained.

The hydrogen plant will have an initial production capacity of 350 MW. Construction is expected to begin later this year.

The Uttar Pradesh Power Corp. Ltd (UPPCL) will procure 1 GW of solar power from interstate transmission system (ISTS) connected projects with SECI as the intermediary procurer (trader).

JSW Neo Energy Ltd, an arm of JSW Energy Ltd, has secured the Letter of Award (LoA) for building 6.5 ktpa green hydrogen production capacity under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme.

The PairTree pff-grid solar charging system for electric vehicles (EVs) combines bifacial solar panels ranging from 4.6 kW to 5 kW, a 42.4 kWh capacity storage system, and one or two AC “Level 2” EV chargers.