Ernst & Young again ranks India as world’s most attractive solar market
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
Waaree Renewable posts 864% Y-o-Y growth in H1 net profit
The company reported a net profit after tax of INR 18.08 crore ($2.23 million) in the half year ended September 30, 2022, an 864% growth over INR 1.88 crore recorded during the same period in the previous year.
Maharashtra tenders 230 MW of distributed solar
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has started accepting bids to develop grid-connected, ground-mounted solar plants, ranging in size from 2 MW to 10 MW, in various districts of Maharashtra. The ceiling tariff is fixed at INR 3.30 ($0.041)/kWh, with bidding scheduled to close on December 16.
HEG unveils plans to build $247 million Li-ion anode plant
The LNJ Bhilwara group company is venturing into the production of graphite anode for lithium-ion batteries. It expects the first part capacity of its Li-ion anode plant to become operational by 2025 with an investment of INR 1,000 crore ($124 million).
Serentica Renewables signs 1.5 GWh storage deal with Greenko
Serentica Renewables will source 1.5 GWh of pumped-hydro storage capacity from Greenko’s upcoming projects in Andhra Pradesh and Madhya Pradesh, to provide firm power to its industrial off-takers.
India terminates solar cell anti-dumping probe
India’s Directorate General of Trade Remedies, an entity under the Ministry of Commerce and Industry, has terminated an anti-dumping probe into solar cells coming from China, Thailand, and Vietnam as domestic manufacturers withdraw the application.
ReNew Power setting up 2 GW solar cell, module fab in Gujarat
Developer ReNew Power plans to have 2 GW of solar cell and module production capacity operational by September.
Tipping point for African C&I solar
With installers who cater to African businesses making the headlines this year, Jasper Graf von Hardenberg – whose C&I solar business was recently bought by Shell – explains here how the story of the continent’s commercial and industrial (C&I) solar segment was far from an overnight success.
World’s first utility-scale, rock-based storage facility goes online in Italy
Enel is testing a 24 MWh thermal energy storage system that could be used for seasonal renewables storage. The facility uses rocks that store excess energy as heat, then releases that heat to generate steam for electricity.
International Solar Alliance launches innovation challenge in Africa
SolarX Grand Challenge aims to promote entrepreneurship and innovation and discover local solutions to meet the energy gap through solar energy solutions in the African region.
