World’s largest solar plant goes online in China
China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).
Grid upgrades needed to support Asia Pacific’s renewable energy expansion
A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.
IEA urges countries to accelerate renewables deployment
A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.
Solar panel import tariffs are affecting the US industry by increasing prices by up to 286%
Clean Energy Associates released a summary of the seven solar module trade policies and solar panel import tariffs currently in place, including AD/CVD rulings, Section 201/302, and the Uyghur Protection Act. These tariffs have significantly increased, or will increase, the cost of hardware imports into the United states – predominantly from China, but not exclusively – by 91% to 286%.
India needs $385 billion investment to meet its renewable energy target: Moody’s
India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
Siegwerk inaugurates solar plant for consumption by its Bhiwadi printing ink facility
The solar plant, located in Jaisalmer, is expected to generate 2,028,000 kWh of electricity per year, significantly contributing to Siegwerk’s renewable energy targets.
Panasonic partners Aerem to provide financing to its solar customers
Panasonic Life Solutions India has partnered with Aerem Solutions to facilitate financial assistance for its solar customers in the residential and commercial & industrial (C&I) sectors.
Addressing the interconnected challenges of land degradation and climate change
By forging ahead with solar-powered land restoration initiatives, we can build resilient ecosystems, foster sustainable livelihoods and safeguard our planet for generations to come.
Lubi Group commissions solar plant for self-consumption
Lubi Group has commissioned a 4 MW solar power plant for consumption by its foundry operations. The plant is situated in Shinavada, Modasa, Gujarat.
