Global solar installations may hit 350.6 GW in 2023, says TrendForce
TrendForce says solar demand could grow by more than 53.4% this year due to lower module prices and delayed projects from 2021 and 2022 that are now going online. China will be the largest market this year with 148.9 GW, followed by the United States with 40.5 GW, India with 17.2 GW, Brazil with 14.2 GW, Germany with 11.8 GW, Spain with 11.4 GW, and Japan with 8 GW.
Waaree Renewable Q3 profit soars 11,250% year-on-year
Waaree Renewable Technologies has posted a profit after tax (net profit) of INR 24.97 crore (around $3 million) for the quarter ended December 31, 2022, 11,250% up year-on-year.
SnapNrack introduces solar mount that attaches to module before roof
SnapNrack’s TopSpeed solar mount begins installation on the ground, which limits time spent on rooftops.
Amplus Solar signs 56 MWp open-access PPA with JK Lakshmi Cement
Gurugram-headquartered Amplus Solar has signed the agreement to supply 56 MWp of PV power for JK Lakshmi Cement’s facility in Durg, Chhattisgarh.
ABB India achieves 82% reduction in own GHG emissions across all manufacturing locations
Five ABB locations across India (Nelamangala, Peenya, Maneja, Nashik, and Faridabad) are certified as ‘Green Factory Buildings’ by the Indian Green Building Council (IGBC).
Adani Green Energy Q3 profit soars 110% YoY
Adani Green Energy Ltd, the renewable energy arm of the diversified Adani Group, reported a consolidated net profit of INR 103 crore in the three months ended Dec. 31, 2022.
PM Modi inaugurates India Energy Week 2023 in Bengaluru
Prime Minister Narendra Modi today launched India Energy Week 2023, a three-day event connecting India’s energy stakeholders with international counterparts to collaborate for a responsible and smart energy transition on India’s road to net zero. Addressing the gathering, the Prime Minister said India is today the world’s most suitable place for investment. He called upon the stakeholders to explore every possibility in India’s energy sector and get involved with it.
Amp Energy India commissions open-access solar project for Bharat Serums and Vaccines
The 5 MW solar open-access project supplies power to Bharat Serums and Vaccines Ltd’s manufacturing facility in Ambernath, Maharashtra.
Tata Power posts $127.6 million profit in Q3 FY 2022-23
The integrated power company reported a profit after tax or net profit of INR 1,052 crore ($127.6 million) in the quarter ended December 2022, a 91% increase year-on-year.
From diesel to DC
For a long while, it looked as if hydrogen fuel cells would be the technology of choice for emissions-free road transport. However, truck manufacturers and freight forwarders recently turned their attention to battery-electric vehicles. This will require special charging technology and PV looks set to play an important role.
