Orb Energy secures $20 million in follow-on funding from DFC
Orb Energy has raised a second loan of $20 million from US Development Finance Institution DFC. It will use these funds to extend further finance to SME customers of its rooftop and ground-mount solar systems.
Sungrow surpasses 14 GW milestone in India
The Chinese solar inverter manufacturer has shipped more than 14 GW of inverters in India since entering the market in 2014.
Employment in distributed renewable energy sector
A new report by Power For All says the commercial and industrial (C&I) sector will be a significant driver of job growth in the Indian distributed renewable energy sector in the next few years.
SECI tenders 50 MW rooftop solar
The Solar Energy Corporation of India Limited (SECI) has invited bids to set up grid-connected rooftop solar projects on the buildings owned by various Central Armed Police Forces under the Ministry of Home Affairs (MHA). It may also empanel the successful developers for government organizations other than the MHA. Bidding closes on November 22.
India could cut electricity costs by about 40% with transition to fully renewables-based power system by 2050
A new study by Finland’s Lappeenranta-Lahti University of Technology (LUT) shows a 100% renewable energy-based power system is technically possible and is the least-cost option for India in 2050.
Gujarat becomes the fourth state to surpass its 2022 renewables target
A new report shows Gujarat, Karnataka, Rajasthan, and Telangana have already surpassed their 2022 targets for renewable capacity installations. However, India is still 58 GW away from its 175 GW national target, with 61% of the target shortfall in just four states.
Amazon announces 420 MW of utility-scale solar projects in India
The U.S. e-commerce group has announced three solar farms in Rajasthan with a combined capacity of 420 MW. It will also add 23 new solar rooftop projects to generate 4.09 MW of renewable energy.
Gensol commissions 6.7 MWp captive solar plant for cement manufacturer
The ground-mount solar plant will supply power to Shree Cement’s cement manufacturing facility in Panipat, Haryana
Hydrogen to play limited role in building energy supply
How much hydrogen is actually needed? Several German research institutes have examined 40 energy scenarios for hydrogen ramp-up and found that 15 million GWh of hydrogen will be needed worldwide by 2050.
Solar PV employed around 3.4 million people in 2021
Almost half of the workers were employed in China, around 280,000 in North America, over 260,000 in Europe, and some 50,000 in Africa, according to a new report by the International Energy Agency (IEA). The vast majority of workers were employed in manufacturing and installation of new capacity, with solar jobs paying lower wage premiums than the nuclear, oil, and gas industries.
