Torrent Power will develop 150 MW of solar projects for supply of power to the seawater desalination plants being set up by Shapoorji Pallonji and Company in Gujarat.
According to new figures from the Africa Solar Industry Association (AFSIA), the continent’s cumulative installed PV capacity reached 16 GW at the end of December, based on 3.7 GW of new annual installations.
Developing the solar market in India has been a multifaceted journey marked by commendable achievements and occasional challenges. While the government’s support has been instrumental in fostering growth, addressing the challenges, ensuring policy stability, and promoting technological innovation will be critical to reignite momentum and achieve India’s renewable energy targets in the coming years.
Finance minister Nirmala Sitharaman today tabled the interim budget for FY 2024-25 in the parliament. Budget highlights include announcements about the residential rooftop solarization scheme, viability gap funding for offshore wind, and government support for EV manufacturing and charging infrastructure.
Cleantech Solar has secured a long-term senior secured loan facility worth INR 6.25 billion (over $75.2 million) from Tata Capital Ltd to advance its open-access projects in India.
Tata Power Renewable Energy Ltd has commissioned a 1.04 MW solar PV system for Chengmari Tea Estate. The installation uses 1,900 bifacial PV modules
CapitaLand India Trust (CLINT), an Indian property trust listed on the Singapore Exchange Securities Trading Ltd, has commissioned a 21 MW solar plant for consumption by the common areas of its assets in Tamil Nadu. The solar plant will increase CLINT assets’ renewable energy usage by over 70% in line with its net zero commitment.
Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.
Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.
Sunstall has developed a vertical PV system that facilitates energy production in space-limited areas. It is the first system of its kind to secure certification from Underwriters Laboratories (UL) for the US market
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