Sunkind Energy secures 10 MW of rooftop solar projects
Sunkind Energy has secured 10 MW of rooftop solar EPC projects in Chhattisgarh, Haryana, Punjab and Rajasthan.
Designing the best-performing hybrid renewable energy system for off-grid, rural communities in India
A new study evaluates seven different configurations of hybrid renewable energy systems to meet the electricity requirements of an off-grid village community in the Jaisalmer district of Rajasthan, cost-effectively and sustainably. It finds the system combining solar PV panels, wind turbines, biogas generator, lithium-ion battery, converter, electrolyser, and hydrogen tank to be the best performing as it has the lowest fuel consumption rate, net present cost, levelised cost of energy, and cost of hydrogen.
India tendered ‘record’ 70 GW of renewables in FY 2024
India invited bids to set up 69.8 GW of renewable energy capacity, far surpassing the annual bidding target of 50 GW. The bidding activity surged due to large-scale potential for market growth, central government support in terms of targets and regulatory frameworks, and higher operating margins.
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
The proposed REC subsidiary at GIFT City will engage in lending, investment, and other financial services, contributing to the growth of India’s energy sector.
Algorithms to detect underperforming rooftop PV panels
Australian researchers have developed multi-stage algorithms to remotely detect and accurately diagnose underperforming solar panels in residential and commercial PV systems.
Tata Power secures PPA with SJVN for 460 MW renewables-plus-storage project
Tata Power Renewable Energy Ltd will develop a hybrid plant comprising solar, wind, and battery storage components to meet the 460 MW firm and dispatchable renewable power requirement.
Adani Green Energy revenue up 33% YoY to INR 7,735 crore
Adani Green Energy Ltd (AGEL) also reported its operational capacity grew 35% YoY to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind projects. The company’s renewable energy capacity target is now revised upwards to 50 GW by 2030.
Adani Green secures $400 million for 750 MW solar projects
Adani Green Energy Ltd has secured $400 million green loan for its under-construction solar projects in Gujarat and Rajasthan. The lenders include DBS Bank, Intesa Sanpaolo, MUFG Bank, Rabobank, and Sumitomo Mitsui Banking.
Fortum sells stake in 185 MW Indian solar portfolio
Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India. Post divestment, the company still has EV charging services and a renewables development portfolio with projects at different stages in India.
Microsoft announces largest corporate procurement of renewables
Microsoft has signed on for 10.5 GW of renewable energy with Brookfield Renewable Partners. The projects might cost more than $11.5 billion to build, according to BloombergNEF.
