TERI recommends provisions for green fund in Union Budget 2023-24
Experts at TERI say the money collected as cess on coal could be used to create a Green Equity Fund and also provide viability gap funding for energy transition projects.
Ecozen raises $25 million, led by Nuveen
The Pune-headquartered solar pump controller and solar cold storage solutions provider will use the funds to expand beyond India and tap business opportunities beyond agriculture.
Gujarat targets 8mtpa green hydrogen production capacity by 2035
The state aims to emerge as a green hydrogen hub and decarbonize energy-intensive industries like fertilizers, steel, chemicals, and petroleum.
BPCL to set up 1 GW renewable energy plant in Rajasthan
Bharat Petroleum Corp. Ltd, which targets 1 GW of renewable energy by 2025 and 10 GW by 2040, has signed an agreement with the government of Rajasthan to build a 1 GW renewable energy plant with an investment of INR 5,000 crore.
New method to measure energy yield of bifacial PV systems
Canadian scientists have developed a new way to measure the energy yield of bifacial PV systems. They said they considered the spectral albedo of ground cover like snow and sand to predict energy gains of up to 2%, in comparison with the International Electrotechnical Commission (IEC) standard.
Storing renewables via regenerative braking in underground mines
Scientists in Austria have developed a long-term energy storage system that uses regenerative braking to adjust the descent speed of sand in mine shafts and generate electricity.
Rajasthan signs MoUs worth $14.85 billion for renewable energy, storage, and hydrogen projects
The State government has signed agreements for various giga-scale projects across renewable energy generation, solar manufacturing, pumped hydro storage, and green hydrogen.
Minigrid operator Husk Power achieves profitability with India leading the way
Bihar-based Husk Power Systems, which serves rural Asia and Africa, became EBITDA positive in the fourth quarter of 2022 in India and Nigeria.
Assessing vibrations in solar modules due to robot cleaning
Qatari researchers have looked at the degree to which cleaning robots could threaten the physical integrity of solar panels. They found that cleaning machines have a very minimal impact and that modules of similar sizes tend to exhibit roughly the same amount of vibration.
India can save $19.5 billion annually with shift from coal to clean power
India plans to add 76 GW of utility-scale solar and wind power by 2025. This will lead to annual savings of up to $19.5 billion from avoiding coal power, says a new report.
