Sunsure signs solar PPA with Ayurveda major Dabur
Sunsure will establish a solar power plant to supply electricity to Dabur’s factory in Ghaziabad under a 25-year purchase agreement.
Driving renewable energy adoption: Challenges and opportunities
India’s robust economic growth translates to rising demand for energy. This demand provides a substantial market for renewable energy investments, encouraging firms to venture into this sector. However, as the nation marches ahead in RE adoption, it needs to overcome challenges like high capital costs and inadequate grid infrastructure.
ReNew reports profit in Q1 FY 2024
The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.
AmpIn Energy solar plant starts power supply to JK Cement
AmpIn Energy Transition has started supplying power from its 30 MWp solar plant in Mishrikh, Uttar Pradesh. JK Cement is the offtaker for 10 MWp of the power produced by the plant.
New study claims PV industry is neglecting overirradiance issues
Overirradiance conditions may affect the operating performance of photovoltaic plants, the stability of the electrical grid, and the efficiency of inverters. A research team has warned these effects are currently not being given proper consideration by the solar industry.
Solar sovereignty: India’s path to sustainable independence and green revolution
The Indian government is actively steering the nation towards a sustainable and environmentally-conscious energy future. However, this juncture calls for a strategic alignment of protective measures to ensure their intended outcomes, notably reducing India’s reliance on energy imports and positioning the nation as a global hub for solar manufacturing.
Gensol Engineering’s Q1 FY 2024 revenue surges 47% YoY
Gensol Engineering has posted a 47% year-on-year increase in its revenue to INR 1,517 million ($18.27 million) for the first quarter of fiscal 2023-24.
Fourth Partner Energy raises additional $42.3 million in equity funding from Norfund
The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.
ONGC to spend $12 billion on green initiatives by 2030
The state-run explorer Oil and Natural Gas Corp. Ltd (ONGC) aims to achieve an installed renewable energy (RE) capacity of 10 GW by 2030 and 1 million tonnes per annum capacity of green ammonia production as part of its efforts to reduce its carbon footprint.
Hail-prone areas may require solar modules with 4 mm-thick front glass
New research from India claims solar modules with 3.2 mm-thick front glass may not be strong enough to withstand storms producing big hailstones. The scientists found that a front glass of at least 4 mm should be used to avoid significant damage.
