Commercial & Industrial PV

Scientists in India have proposed a new classification of energy sources that is intended for the adoption and definition of emerging technologies, which they said conventional taxonomies fail to achieve.

ReNew and Gentari will form a 50:50 joint venture to develop renewable assets including solar, wind, and energy storage.

Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered thermal energy storage projects in India.

Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) will extend INR 3,100 crore (($378 million) each to support Hero Future Energies’ upcoming renewable energy projects. 

The Indian Railways is working towards reducing its carbon footprint by employing renewable energy to power its operations. The scope of installation, whether in the form of solar rooftop coaches or solar on the railway stations, is immense.

Capacity addition in the rooftop solar segment stood at 2,294 MW, which is higher than the yearly rooftop PV installations of 2022.

Waaree Renewable Technologies recorded a revenue of INR 129 crore ($15.8 million) and a net profit of INR 11.1 crore in the April-to-June period of FY 2023-24.

Germany’s Fraunhofer Institute for Applied Solid State Physics (IAF) has developed an ultra-efficient circuit topology for voltage converters with an electrical efficiency of 99.74%. The tech could considerably raise the coefficient of performance for electrocaloric heat pumps and the scientists are now considering components based on semiconductor gallium nitride (GaN) for higher power density and efficiency.

Germany installed more than 1 GW of new PV systems in June alone. Its cumulative installed PV capacity hit 73.8 GW at the end of the first half of this year.

India will install open-access (off-site) solar and wind power generation capacity of 4-5 GW annually for the next two to three years, according to CareEdge Ratings analysts.