Waaree Renewable awarded 180 MW solar project in Tamil Nadu
After 140 MW in Gujarat, the company has secured a 180 MW DC solar project in Tamil Nadu. It shall set up the plant on a turnkey basis.
Additional PLI funds will push solar sector to achieve 2030 target
India should not just rely on solar equipment imports but also promote domestic manufacturing to ensure an uninterrupted march to its 280 GW target of installed solar power capacity by 2030. The budgetary allocation of an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar provides the much-needed impetus for domestic production, say GlobalData analysts.
Virescent Renewable Energy Trust raises INR 650 crore via domestic bonds
The investors included domestic financial institutions India Infrastructure Finance Company Limited and Aseem Infrastructure Finance Limited. Virescent shall use the proceeds primarily to fund solar asset acquisitions related debt requirements.
Forget batteries, what if surplus renewable energy could be stored as information?
A pair of researchers from UC San Diego has proposed to precompute certain data when the grid is flooded with solar or wind power, and then store it on servers for later use.
Reversible photovoltaic shade under the Madrid sky
The 8 kW photovoltaic shade was deployed on the outdoor rest area of a commercial building located in the northern part of Madrid. It was built with conventional solar modules provided by JA Solar and a structure made with light galvanized steel profiles for plasterboard partitions.
Adani Green Energy raises INR 612 crore for debt refinancing
The developer’s three arms, which collectively have 930 MW of operational solar power projects, have raised INR 612.30 crore (US$81.96 million) through their maiden domestic bond issuance. The proceeds will be utilized to part-refinance existing rupee term loan bearing higher interest cost.
India’s annual lithium battery market will reach 116 GWh in eight years
The annual demand for lithium-ion batteries in India will reach 116 GWh in FY 2029-30, with electric vehicles (EVs) accounting for 90%.
Cobalt-free, solid-state, lithium-ion battery plant opens in Silicon Valley
U.S-based solid-state battery start-up Sparks has opened a pilot plant for its patented lithium battery technology based on zero cobalt cathodes. The company wants to challenge China’s dominance in next-gen battery development.
Multi-level fin heat sinks for solar module cooling
Developed by Malaysian scientists, the proposed multi-level aluminum fin heat sinks (MLFHS) were found able to reduce the module operating temperature by up to 8.45 degrees Celsius and increase power yield by up to 10.75%. The system cost was estimated at $0.60/W.
Scatec and Acme put their 900 MW Rajasthan solar project on hold
Norway’s Scatec, which has a 50% stake in Acme’s 900 MW solar project in Rajasthan, cited a lack of domestic solar panel supply and the 40% import duty on solar panels effective from April as the reasons for putting the PV project on hold.
