Fortum sells stake in 185 MW Indian solar portfolio
Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India. Post divestment, the company still has EV charging services and a renewables development portfolio with projects at different stages in India.
Microsoft announces largest corporate procurement of renewables
Microsoft has signed on for 10.5 GW of renewable energy with Brookfield Renewable Partners. The projects might cost more than $11.5 billion to build, according to BloombergNEF.
SunSource Energy commissions solar power project for CtrlS
SunSource Energy is supplying clean power to the Noida Data Center of CtrlS from its open-access solar power plant in the Jhansi district of Uttar Pradesh.
India installed 15 GW of solar capacity in FY 2024: CEEW-CEF
India added 18.5 GW of renewable energy generation capacity in FY 2024, comprising 81% (15 GW) from solar (grid-scale and rooftop).
Solar bloodbath: Titans clash in ruthless price war
The ongoing price war between top global suppliers could catalyse more competitive solar panel pricing in the Indian market, potentially leading to an increase in solar adoption at both the commercial and residential levels.
Statcon Energiaa introduces 3 kW grid-tie solar inverter
Indian manufacturer Statcon Energiaa has introduced a single-phase grid-tie solar inverter with a power rating of 3 kW. The inverter is intended for residential and small office applications.
String inverter for commercial solar installations
SMA’s Sunny Tripower CORE2 110 kW string inverter with a flexible design allows up to 150% oversizing of the solar PV array.
Norwegian startup unveils CO2 water-to-water heat pump
Tequs said its new plug-and-play heat pump can deliver up to 90 C of heat for space heating, air conditioning, and domestic hot water. The new product is available in eight versions with capacity ranging from 17 kW to 268 kW.
ALMM expands market for domestic solar manufacturers
The ALMM reinstatement opens up a vast market for domestic solar panel manufacturers by creating a non-tariff barrier for Chinese products. However, for projects and schemes such as PM Surya Ghar: Muft Bijli Yojana which mandate domestic content requirement (DCR), the shortage of domestically manufactured cells could lead to an increase in the cost of DCR modules.
At least 29 countries installed more than 1 GW of PV in 2023
IEA PVPS has published its new “Snapshot of Global PV Markets 2024” report, highlighting key insights and trends. Despite record installations, concerns over profitability and manufacturing dynamics persist, underscoring the need for strategic interventions and policy support to navigate towards a resilient and sustainable PV ecosystem.
