Installations

The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million in a renewable energy Infrastructure Investment Trust (InvIT) co-sponsored by Mahindra Susten and Ontario Teachers’ Pension Plan. The InvIT holds around 1.54 GWp of operational solar power assets seeded by Mahindra Susten.

Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.

Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.

Scientists conducting a five-year research project in southern Minnesota have observed a tripling of insect numbers near two solar facilities built on rehabilitated agricultural land. They say the findings show how habitat-friendly solar could help protect insect populations and improve pollination in nearby agricultural fields.

Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.

India’s Ministry of Heavy Industries has invited global bids to set up a cumulative 10 GWh of giga-scale advanced chemistry cell (ACC) manufacturing facilities under production-linked incentives scheme. Bidding closes on April 22 and bids will be opened on April 23, 2024.

Juniper Green Energy and KPI Green have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected wind-solar hybrid projects. They secured 150 MW and 50 MW capacities, respectively.

Solar and waste-to-energy producer SAEL has secured $1 billion from financial institutions including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech.

Sunstall has developed a vertical PV system that facilitates energy production in space-limited areas. It is the first system of its kind to secure certification from Underwriters Laboratories (UL) for the US market

Under the Pradhan Mantri Suryodaya Yojana for residential rooftop solar, the Indian government is considering an increase in the subsidy for grid-connected residential rooftop solar systems with capacities between 1-3 kW. This category of systems were offered a 40% subsidy in the previously launched scheme.