Renewables must triple by 2030 to hit net-zero by 2050, says BloombergNEF
BloombergNEF says in a new report that solar and wind must drive most emissions cuts before 2030 to stay on track for net-zero by 2050. Its net-zero scenario targets a combined solar and wind capacity of 31 TW by 2050.
Orb Energy establishes 35 MW (DC) solar park in Karnataka
Orb Energy’s solar park model allows enterprises to purchase plots and own solar sub-arrays within the park.
IEA-PVPS launches action group on agrivoltaics
IEA-PVPS is poised to launch a new format for expert engagement. It will include an action group on agrovoltaics, as well as a collaborative effort to match agriculture and solar generation. It aims to unlock the potential of agrivoltaics, optimize land use efficiency, enhance agricultural resilience to climate change, and foster social consensus for solar development.
The Hydrogen Stream: Hygenco, Mitsubishi partner to deliver green hydrogen-fired GTCC power plants
Hygenco Green Energies has signed a memorandum of understanding (MoU) with Mitsubishi Heavy Industries and Mitsubishi Power to deliver green hydrogen-/ammonia-fired gas turbine combined cycle (GTCC) power plants.
Daewoo launches hybrid battery-inverters for residential PV
Daewoo’s new hybrid inverters feature LiFePO4 batteries. They are available in six variants, with power ratings ranging from 0.5 kVA to 10 kVA.
Aerem acquires Spinkraft
Aerem Solutions, a solar fintech company in India, has entered into a definitive agreement to acquire solar equipment distributor Spinkraft Ventures.
Oriano secures EPC order for 75 MWp solar power plant
Oriano Clean Energy has received the engineering, procurement and construction (EPC) contract for a 50 MW AC/ 75 MWp solar power plant. The plant commissioning period is seven months.
GP Eco Solar looks to raise INR 30-35 crore in IPO
GP Eco Solar will use the funds raised through the initial public offering (IPO) on NSE Emerge to fuel its growth in the solar sector. It will allocate around INR 12.45 crore for working capital and expansion, and invest INR 7.6 crore in subsidiary Invergy India for a new solar inverter assembly facility in Noida.
India to add more than 15 GW of renewable energy capacity annually in FY 2025 and FY 2026: India Ratings
India Ratings and Research expects India to maintain pace of renewables capacity addition owing to a significant drop in equipment prices, continued policy support, availability of liquidity, and investment plans of some of the large corporate players.
Coal share in India’s installed power capacity drops below 50%
Coal’s share (including lignite) in India’s total installed power capacity dropped below 50% in the first quarter of 2024. This is well ahead of the Government’s target to establish 50% cumulative power generation capacity from non-fossil fuel-based sources by 2030.
