Installations

The off-grid solar sector has shown resilience in the face of pandemic-related challenges, with 70 million people gaining access to electricity from early 2020 to the end of 2021. However, the ability to pay for solar energy kits has taken a hit.

The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.

EKI Energy will invest up to INR 200 crore ($25 million) as an anchor investor in the fund with a deep focus on community development projects across remote locations in India and select countries in Africa, Asia and LATAM.

Portuguese startup Solarud has unveiled the next generation of its water-draining device for PV panels with low, sloping inclines. The new design avoids clogs caused by sand and dust, in nano and customized versions that fit installations and modules of different sizes.

SJVN’s green energy arm and Assam Power Distribution Co. Ltd have agreed to develop 1 GW of floating solar project in Assam through a joint venture.

The Group will invest more than INR 60,000 crore ($7.28 billion) in setting up renewable energy projects, including green hydrogen, in the Indian state of Rajasthan.

Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.

The state-owned coal miner has signed a deal to set up the project in Rajasthan Vidyut Utpadan Nigam Ltd’s 2 GW solar power park in Bikaner. The estimated cost of the solar project is INR 8,000 crore ($974 million).

The Hyderabad-based diversified engineering firm has won an INR 1,167 crore ($141.64 million) contract to install, commission, and provide three-year operation and maintenance support for a 625 MW DC solar project in Rajasthan.

Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations.