REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
Large-scale PV projects proliferate in Bangladesh
The Bangladeshi authorities have been approving or reviewing three more large scale solar power projects, for a total capacity of 300 MW.
Green hydrogen to become primary fuel for steelmaking in India only by 2050
The steel industry in India will replace around 25-30% of its grey hydrogen requirements with green hydrogen in the early part of the 2030-50 period. This will increase to 80% by 2050, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics.
Shakti Pumps secures INR 293 crore solar pumps contract
Shakti Pumps (India) has secured a contract to supply, install, and commission 10,000 solar water pumps in Uttar Pradesh under the PM- KUSUM III scheme
Declining populations free up agricultural land for large amounts of solar in densely populated countries
In a new monthly column for pv magazine, the International Solar Energy Society (ISES) explains how much solar PV energy could be harvested from freed-up agricultural land in densely-populated countries with declining populations.
PHDCCI makes recommendations for fast-tracking India’s National Green Hydrogen Mission
The PHD Chamber of Commerce and Industry (PHDCCI) has recommended nil import duty for electrolyzers until 2030 and zero goods and services tax (GST) for green hydrogen/ammonia. It has also proposed the inclusion of green hydrogen derivatives in the list of activities eligible for carbon credit trading, among other suggestions.
Serentica Renewables secures INR 2,600 crore in debt funding from PFC
The funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid wind-solar power projects in Karnataka.
Waaree Renewable secures 52.6 MWp solar EPC project
Waaree Renewable Technologies will construct the ground-mount solar project for the group company of a leading power generator in India.
Agrivoltaic facilities with single-axis trackers have lower LCOE than those with fixed structures
New research from Belgium shows agrivoltaic facilities with trackers perform significantly better than projects with fixed structures. The scientists found projects with tracking achieved an LCOE of €0.077 ($0.082)/kWh, while facilities with fixed structures were found to have an LCOE of €0.10/kWh.
Desert Technologies to develop renewable energy solutions for Essar’s green steel project in Saudi Arabia
Desert Technologies has signed a pact with Essar Group to develop renewable energy generation and storage solutions for Essar’s Flat Steel Complex in Saudi Arabia.
