ReNew secures PPAs for 2.2 GW of renewables
ReNew has secured power purchase agreements for 1,500 MW of solar and 688 MW of wind power projects. It has also received Letter of Awards for an additional 5.8 GW of renewable energy capacity.
Off-grid solar investment down by 43% globally in 2023
The Global Off-Grid Lighting Association (GOGLA) says total investment in the off-grid solar sector stood at $425 million in 2023, down 43% year on year. It says the industry needs to address a lack of early-stage financing to meet development and climate targets.
New study calculates 207 GWp of floating solar potential in India
A new report prepared under the Indo-German Technical Cooperation on Innovative Solar provides a comprehensive overview of the floating solar PV potential in India. It also provides projections for installations from 2024 to 2040.
Research shows high-albedo ground reflectors increase bifacial solar plant yield by up to 4.5%
Tests conducted by Canadian researchers at the NREL’s testing field in Colorado have shown that ground reflectors based on high-density polyethylene can significantly increase bifacial PV plant performance. They stressed the profitability of this technology is strictly dependent on the location and warned avoiding to combine it with inverter clipping.
China’s clean tech dominance threatens global market stability
The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Tata Power reports record profit of INR 4,280 crore for FY 2024
Tata Power has recorded INR 61,542 crore of revenue and INR 4,280 crore net profit for the fiscal year ended March 31, 2024.
Malaysian government launches incentive scheme for residential solar
The Ministry of Energy Transition and Water Transformation in Malaysia is teaming up with private and public partners in the country to offer citizens financial incentives and discounts when adopting solar. It follows a government rebate scheme introduced in April.
Optimizing solar investments
In India’s quest for a sustainable energy future, solar asset management emerges as a key to optimizing investments, ensuring reliability and maximizing productivity.
Larsen & Toubro wins more than 270 MW of solar projects
Larsen & Toubro (L&T) has secured orders to establish two floating solar plants with a cumulative capacity of more than 150 MW AC and a 120 MW AC ground-mounted PV plant in India. It has also bagged multiple orders for grid systems in India and overseas.
Waaree Energies partners Ecofy for low-cost finance to rooftop solar customers
Waaree Energies Ltd, India’s largest solar PV module manufacturer, has partnered with Ecofy, a non-banking finance company backed by Eversource Capital, to provide low-cost, hassle-free finance to homeowners and MSMEs adopting rooftop solar systems.
