SolarPower Europe says 1 TW of solar could be annually installed by 2028
SolarPower Europe forecasts more than 1 TW of annual solar installations by 2028, but financing and energy system flexibility must be unlocked.
Global PV installations may hit 660 GW in 2024, says Bernreuter Research
Bernreuter Research says low module prices will drive demand in the second half of this year. The researchers note the shipment targets of the world’s six largest solar module suppliers, who are aiming for an annual growth rate of 40% on average.
GameChange Solar to supply trackers for SAEL’s 500 MW PV project in Khavda
GameChange Solar has secured the contract to supply single-axis trackers for 500 MW of SAEL’s PV project in Khavda, Gujarat.
Vikram Solar wins 393.9 MWp module supply order for NLC project
Vikram Solar will manufacture and supply PV modules to NLC India’s project at Khavda Solar Park in Gujarat.
The interconnected impact of energy on real estate, industries and national development
Complete dependence on fossil fuel, which is a very volatile segment, can leave a country vulnerable to price fluctuations and geopolitical disputes. This is turn has a huge impact on the country’s economy as well. A prime example of which, can be seen with the current Ukraine- Russia crisis’s impact on the European countries rise in gas prices and subsequent economic turbulence.
Soltec launches specially designed floating PV tracker
Soltec has developed a floating PV tracker with pumps in the central tank for mobility and ballast, enabling operation in wind gusts above 100 km/h.
Study estimates global floating solar potential at 1,302 TWh
A UK-based research team has calculated the global potential of deploying floating solar arrays on almost 68,000 lakes and reservoirs. It found some countries could generate the majority of their electricity needs from floating solar panels, while five could meet all their electricity demand.
India renewable growth story to continue to shine
Renewable capacity addition is expected to remain at around 15-17 GW annually, owing to significant reduction in the module prices over the past 12 months and availability of liquidity.
Financing the MSME sector to power India’s renewable energy goals
India has already seen several success stories where innovative financing has empowered MSMEs in the renewable energy sector. For instance, the Indian Renewable Energy Development Agency (IREDA) has launched schemes specifically designed for MSMEs. These schemes offer concessional loans and financial assistance, making it easier for MSMEs to undertake renewable energy projects.
Solarpack secures 25-year PPA for 482 MW wind-solar hybrid project in Gujarat
The 482 MW hybrid project, consisting of 383 MW of solar and 99 MW of wind capacity, will come into operation in 2026.
