The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
Applications are invited from start-ups with ready-to-deploy solutions in areas like distributed solar, Internet of Things (IoT) applications in energy, battery storage and electric mobility. Winners will be supported through seed capital to scale up.
Bids are invited to set up a 20 MW (AC) grid-interactive solar plant with 20 MW/50 MWh battery energy storage under turnkey mode in Leh district.
A recent GOGLA report indicates an increasing trend towards hybrid power solutions that integrate DC solar with AC grid power, and appliances that integrate both AC and DC power. In particular, the sales of hybrid solar inverter UPS in India is growing at 25% annually, much faster than conventional inverters’ 10% annual market growth.
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
The latest win follows a 1.95 MW/2.15 MWh solar-plus-battery storage project bagged by the developer for the union territory of Lakshadweep in July this year.
The public sector energy company has opened a compact reformer plant at Delhi Transport Corporation’s Rajghat bus depot. The facility will produce hydrogen-enriched compressed natural gas as a bus fuel. A trial period will see 50 gas-powered buses run on the blended fuel with fuel economy and emissions monitored.
Swiss-based SmartHelio claims to have witnessed a near 200% jump in demand for its deep-data driven solar asset management solution, which plugs into solar panels or energy storage systems. Sales of the internet-of-things enabled, cloud product have leapt in the last six months.
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