Japan’s 16th solar auction concludes with lowest bid of $0.065/kWh
Japan’s latest procurement exercise was open to PV projects above 250 kW in size. The lowest price came in at JPY 9 ($0.065)/kWh, with 119.7 MW of allocated capacity.
Integrating higher share of renewable energy in India’s power system
To increase the share of renewable energy, India needs to introduce demand-side measures like time-of-use tariffs, develop a well-connected national grid, deploy various energy storage options for grid balancing services, and convert its fossil-fuel-powered fleet to operate flexibly.
IFSCA and Climate Policy Initiative sign MoU on sustainable finance
The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding to support the mobilization of sustainable finance in India.
India must add 32 GW of solar capacity per year to meet PV target for FY 2030
India will have to add over 30 GW of solar capacity annually to meet the 293 GW PV target in the optimal energy mix for 2029-30. The nation had installed 68 GW of PV capacity as of May 31, 2023.
Oriana Power completes pre-IPO funding round
The Noida-based commercial and industrial solar developer said the pre-IPO round was led by renowned stock investor Anil Kumar Goel, JSW veteran Prashant Jain and Meru founder Neeraj Gupta.
Airtouch Solar signs $3.2 million cleaning robot contract with Amplus
Israel’s Airtouch Solar will supply and install its water-free panel cleaning robots for Amplus Solar’s PV project in Rajasthan. It will also provide comprehensive maintenance services for the robots for 25 years.
Using existing fences as near-zero-cost racking solution for PV deployment
American researchers are proposing to use steel zip ties to attach solar modules to fences in animal farms as a low-cost racking solution for agrivoltaic applications. They found the proposed approach is technically and economically viable, provided careful wind load tests are conducted on the fences.
French railway operator launches renewables unit, plans 1 GW of solar
SNCF says it wants to devote 1,000 hectares of its land to solar development, so it can cover 20% of its electricity consumption by the end of the decade.
Utilities, can you DG it?
Small-scale PV systems drove the installation of more than 200 GW of solar capacity last year and could support more than 300 GW this year. That means a reset for utilities.
Africa50 signs MoU with International Solar Alliance to support PV projects across Africa
Africa50 and International Solar Alliance (ISA) will leverage each other’s networks to mobilize funding and raise awareness of African solar projects in European and Indian markets.
