Adani (1,755 MW), NTPC (1,618 MW), and Avaada (1,383 MW) were the top developers by projects commissioned in 2022, according to Bridge To India’s latest report.
India installed 13 GW of solar during the Jan.-Dec period in 2022, with large-scale projects accounting for 87% of the addition.
The Singapore-headquartered corporate renewable energy provider has deployed 37 MWp of solar photovoltaic (PV) projects for captive consumption by a global industrial manufacturing giant. It installed the capacity at its solar parks across Maharashtra.
Coal India Ltd arm CIL Navikarniya Urja Ltd has tendered the engineering, procurement, and construction work of a 20 MW (AC) grid-connected solar plant for captive consumption by Bharat Coking Coal Ltd (BCCL). The plant will come up at the Dugdha Washery area of BCCL in Dhanbad, Jharkhand.
Indian developer Acme Group and Japan’s IHI have signed a pact to jointly explore opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation.
India tendered only about 28 GW of variable renewable energy capacity in 2022, as against 40 GW in 2019. The nation needs to add 30-35 GW of new VRE capacity annually to reach its climate targets by 2030 and that requires more than 35 GW of annual tendering.
Researchers in Germany have assessed direct coupling and integration between PV and batteries at the scale of a single PV module. They say their solution could be cheaper and provide superior performance than maximum power point tracking (MPPT) in optimizing PV system performance.
Ahmedabad-based Gensol Engineering has secured 182.3 MWp of ground-mount, 44 MWp floating, and 21.05 MWp rooftop solar projects.
TrendForce says solar demand could grow by more than 53.4% this year due to lower module prices and delayed projects from 2021 and 2022 that are now going online. China will be the largest market this year with 148.9 GW, followed by the United States with 40.5 GW, India with 17.2 GW, Brazil with 14.2 GW, Germany with 11.8 GW, Spain with 11.4 GW, and Japan with 8 GW.
Waaree Renewable Technologies has posted a profit after tax (net profit) of INR 24.97 crore (around $3 million) for the quarter ended December 31, 2022, 11,250% up year-on-year.
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