Renewables share in India’s power generation mix to reach 35% by 2030: ICRA
Ratings agency ICRA projects the share of renewables (including hydro) in India’s power generation mix to rise to 35% by FY 2029-30, from 21% in FY 2024.
Godrej & Boyce commissions 25 MW ground-mounted solar project in Maharashtra
The project located in Dhule is spread over 52 hectares and will generate 45 million units annually
World now has five times more PV than nuclear power
According to the World Nuclear Industry Status Report 2024, the world had 408 operational reactors producing 367 GW in the middle of the year, which is significantly less than installed capacity predictions for solar by the end of the year and five time less the world’s cumulative PV capacity.
UK think tank predicts 593 GW of new global PV installations for 2024
UK-based energy think tank Ember says it expects 593 GW of solar to be added throughout the world this year – 29% more than in 2023. It says 292 GW were installed by the end of July.
Yashika Energy Systems partners Germany’s Next2Sun on vertical bifacial agri-PV systems
Yashika Energy Systems has partnered Germany’s Next2Sun and Wattkraft India to launch pilot projects, ranging from 100 kWp to 500 kWp, integrating vertical bifacial solar technology with agriculture.
NTPC Green Energy files draft papers for $1.19 billion IPO
The initial public offer (IPO) will comprise only a fresh issue of equity shares, with no offer-for-sale component included.
Sunsure Energy, REC sign MoU for INR 10,000 crore to develop green energy projects
REC has agreed to provide INR 10,000 crore in debt funding to support Sunsure Energy in the development of 3 GW of solar, wind, hybrid, and battery energy storage projects.
Tata Power Renewable Energy secures 400 MW hybrid wind, solar project from MSEDCL
Tata Power Renewable Energy Ltd has secured a Letter of Award to develop a 400 MW wind-solar hybrid project for power supply to the Maharashtra State Electricity Distribution Co. Ltd. The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity.
Innovation driving change in solar tracker market
Shipment volumes are growing in the global solar tracker market as innovation in project development drives demand. Joe Steveni, of S&P Global Commodity Insights, takes a look at the factors shaping the commercial landscape for trackers, from agrivoltaics and undulating terrain to Indian ambition and the United States’ Inflation Reduction Act.
End of the line for a U.S. solar giant
SunPower, one of the largest, oldest, and most influential solar businesses in the United States, has closed its doors. Residential solar installers in the United States have struggled as interest rates have risen and cash generation has emerged as an issue.
