Eden Renewables signs 300 MW solar PPA with SECI
Eden Renewables India has announced the signing of 300 MW power purchase agreement (PPA) with Solar Energy Corp. of India Ltd, for sale of renewable energy.
ReNew signs MoU with Asian Development Bank for $5.3 billion
ReNew has signed a memorandum of understanding with the Asian Development Bank for the financing of renewable energy, manufacturing, carbon offset, and green hydrogen projects between 2023 and 2028.
Sadhana Nitro Chem to set up 20 MW green hydrogen plant for self consumption
Chemicals manufacturer Sadhana Nitro Chem plans a 15-20 MW green hydrogen facility for consumption by its current manufacturing facility and expansion of the para Aminophenol plant.
Solar productivity negatively impacted by emissions and aerosols, study finds
A study by engineers at UNSW, published in the Renewable Energy journal, shows that aerosols and greenhouse gas emissions reduce the productivity of photovoltaic installations and that this differs according to the global region.
Spanish gas provider tests hydrogen-powered residential water heater tech
Madrileña Red de Gas is testing a heating system prototype developed by Germany company Vaillant that uses exclusively green hydrogen. The 25 kW system is equivalent in shape and size to a current natural gas heating system.
ADB approves $250 million loan for India’s power sector reforms
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to strengthen the market for power trade and related ancillary services in India, facilitating the integration of intermittent renewable energy. The loan will also enable measures to improve the financial performance, corporate governance, and service quality of electricity distribution companies (DISCOM) and create a conducive environment for private sector investment.
Fostering solar adoption requires a holistic approach
While the benefits of solar adoption are evident, challenges persist. The irregularity of solar power and the lack of efficient storage technologies remain primary concerns. The upfront costs of solar installations, though decreasing, remain a barrier for many. Complex regulations and bureaucratic hurdles often deter individuals and businesses from embracing solar energy. Addressing these challenges demands a concentrated effort.
SECI launches 1 GW renewables, storage tender
Solar Energy Corp. of India (SECI) is inviting bids from developers to supply 1.5 GW of firm, dispatchable power from renewable energy projects with storage systems. The successful bidders will set up RE projects with storage on a build-own-operate basis to supply RE power in a demand-following manner. Bids can be submitted till Jan. 9, 2024.
HPCL lays foundation stone for 100 MW solar project in Andhra Pradesh
Hindustan Petroleum Corp. Ltd will build the 100 MW solar project at Galiveedu for self-consumption.
Sterlite Power wins 8 GW green energy transmission project in Rajasthan
Sterlite Power has secured a transmission project for the evacuation of power from Rajasthan Renewable Energy Zone Phase-IV.
