Indian electric rickshaw market could hit US$1.4 billion by 2025
The electric rickshaw market would grow at 33.3% annually over five years to touch $1,394.2 million by 2025.
New power electronic device to manage surplus solar power
The device was developed by an international consortium through the EU-funded project Renewable penetration levered by Efficient Low Voltage Distribution grids (RESOLVD). The power electronic technology is claimed to be able to combine different storage technologies in a single electronic-based board interface.
BGR Energy Systems gets Irish ally to produce green hydrogen
Ireland’s Fusion Fuel Green would first set up a demonstrator plant for BGR Energy to generate cost-competitive green hydrogen. The plant would come up in Tamil Nadu’s Cuddalore district in the second half of 2021. It would then co-develop projects with BGR throughout India.
Fourth Partner and coal firm Indika Energy launch joint solar venture in Indonesia
The joint venture company, Empat Mitra Indika Tenaga Surya (EMITS), will provide onsite and offsite solar, battery storage and EV charging infrastructure solutions to Indonesia’s commercial and industrial sector. It expands Fourth Partner Energy’s footprint in South-east Asia while taking Indika Energy a step closer towards meeting its commitment to increase revenues from the non-coal segment by 50% by 2025.
Silver accounts for 10% of PV module costs
The share of silver in the total cost of PV modules has increased by around 5% in recent months, according to US analyst Matthew Watson. He told pv magazine that silver prices are set to rise, adding that the metal will eventually account for an even larger percentage of overall module costs.
Solar surpasses wind in India
In January, India’s cumulative PV capacity reached 38.8 GW. This was enough to surpass wind and make solar the first renewable energy source in the country.
SECI tenders 1785 MW of solar capacity in Rajasthan
Developers can bid for anywhere from 10 MW to all of the available capacity. The projects are to be developed on a build-own-operate basis in minimum sizes of 10 MW. Bidding closes on April 19.
Borosil Renewables posts a 74.3% y-o-y revenue growth in first nine months
The Indian solar glass manufacturer reported net revenue of around INR 300 crore during the current fiscal’s nine months ended December 2020, with the best-ever quarterly earnings of INR 140 crore coming from the third quarter.
Modular lift system for solar panels
Altrex, a scaffolding and ladder producer in the Netherlands, has developed a new modular lift solution for solar panels. The system can raise one solar panel at a time and can be operated by a single installer using nothing other than a cordless drill, the company claims.
Cabinet approves India, France MoU on renewable energy
The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.
