Tipping point for African C&I solar
With installers who cater to African businesses making the headlines this year, Jasper Graf von Hardenberg – whose C&I solar business was recently bought by Shell – explains here how the story of the continent’s commercial and industrial (C&I) solar segment was far from an overnight success.
International Solar Alliance launches innovation challenge in Africa
SolarX Grand Challenge aims to promote entrepreneurship and innovation and discover local solutions to meet the energy gap through solar energy solutions in the African region.
GEAPP, ISA sign $10 million grant agreement to boost solar deployment
The Global Energy Alliance for People and Planet (GEAPP) has signed a $10 million grant agreement with the International Solar Alliance (ISA) to boost the deployment of solar energy in developing countries.
India saved $4.2 billion in fossil fuel costs due to solar generation in H1
A new report says solar generation helped seven Asian countries avoid $34 billion in fossil fuel costs in the first half of 2022. The majority of these savings were in China ($21 billion). Japan avoided $5.6 billion in fossil fuel costs and India saved $4.2 billion.
Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
Mahindra & Mahindra forms a new solar subsidiary
Mahindra & Mahindra has incorporated Emergent Solren as a wholly-owned subsidiary of its arm Mahindra Holdings.
State Bank of India signs €150 million solar loan agreement with Germany’s KfW
The State Bank of India (SBI) has signed the agreement with KfW Development Bank for availing a second low-interest loan of €150 million. It will use the amount to finance solar farms with outputs between 50 and 250 MW.
Most new solar panels retain 80% production after 30 years
A five-year Sandia Labs study on solar module degradation shows that 13 out of 23 tested module types have effective lifetimes exceeding 30 years.
Serentica Renewables secures $400 million from US investor KKR
Currently, Serentica Renewables is developing 1.5 GW of solar and wind power projects for energy-intensive industries in India. Over the medium-term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment from KKR will support its industrial decarbonization projects.
India needs $300 billion to meet 2030 target of 500 GW non-fossil energy capacity
A new report by Arthur D. Little presents an integrated blueprint for India to achieve its true potential in the power sector with a focus on renewables.
