Solar LCOE now 29% lower than any fossil fuel option, says EY
A report from Ernst & Young (EY) shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelized cost of electricity (LCOE) for PV is now 29% lower than the cheapest fossil fuel alternative.
Bangladesh approves 1.5 GW of solar
Bangladesh has approved more than 1.5 GW of solar projects over the past seven months, with recent developments including tariffs for 200 MW in November and 310 MW in October.
Lenders choose renewables over coal for second year in a row
In year 2022, solar, wind and hybrid project finance lending amounted to INR 18,577 crore ($2.36 billion). On the other hand, like in 2021, not a single coal power plant received such funding.
Wires and cables in the solar industry
The solar industry growth has accelerated the demand for wires and cables in India. Since solar cables are key in transmitting power from the PV panels to the system, it is essential to invest in the best-suited type of solar cable that meets stability and safety norms.
Reducing PV module temperature with beeswax, paraffin wax
Scientists in Iraq have applied two different kinds of phase-change materials to lower the operating temperatures of PV panels. Their experiment showed that beeswax and paraffin wax are particularly effective in achieving this goal, even when they are combined together.
France’s Profils Systèmes unveils new solar veranda
Profils Systèmes, a French aluminum carpentry specialist, has developed Wallis&Energy, a new solar veranda that is designed to integrate seamlessly into existing buildings and new structures.
India’s installed solar power capacity expected to hit 104 GW by March 2025
ICRA expects India’s installed solar power capacity to grow to 104 GW by March 2025 from 72 GW as of October 2023, led by strong policy support and moderation in solar module prices.
Godawari Power & Ispat commissions 22 MW solar plant for self-consumption
Hira Ferro Alloys, an arm of Godawari Power & Ispat, has commissioned a 22 MW solar plant for self-consumption in Chhattisgarh.
NTPC launches 1.5 GW solar tender
NTPC has also invited bids to supply 1.5 GW of renewable power from wind-solar hybrid power projects. The projects can be developed anywhere in India
HPCL invites EPC bids for 100 MW solar project in Andhra Pradesh
Hindustan Petroleum Corp. Ltd has invited bids to install and commission a 100 MW solar project at its site in Galiveedu for self-consumption. The scope also includes five-year operations and maintenance of the solar PV project.
