Driving renewable energy adoption: Challenges and opportunities
India’s robust economic growth translates to rising demand for energy. This demand provides a substantial market for renewable energy investments, encouraging firms to venture into this sector. However, as the nation marches ahead in RE adoption, it needs to overcome challenges like high capital costs and inadequate grid infrastructure.
ReNew reports profit in Q1 FY 2024
The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.
Siemens to open US utility-scale solar inverter factory
Siemens says it plans to set up an 800 MW utility-scale inverter factory in the US state of Wisconsin. The facility will focus on the production of string inverters.
NLC seeks owner’s engineer for 600 MW solar project in Gujarat
NLC India Ltd is developing the 600 MW solar PV project in GSECL Solar Park (Phase-II) at Khavda. It has invited domestic bids to provide owner’s engineer services for this project.
NLC India signs 300 MW solar power agreement with Rajasthan discom
NLC has signed a long-term power usage agreement with Rajasthan Urja Vikas Nigam Ltd (RUVNL). Under the agreement, it will supply power from its 300 MW PV plant for the next 25 years.
AmpIn Energy solar plant starts power supply to JK Cement
AmpIn Energy Transition has started supplying power from its 30 MWp solar plant in Mishrikh, Uttar Pradesh. JK Cement is the offtaker for 10 MWp of the power produced by the plant.
Solar-powered islands? The story of Diu and T’au
The solar-powered islands of Diu and T’au have set an example for other such land masses to meet their power requirements through green energy.
SJVN’s 1 GW Bikaner solar project to become operational by September next year
The state-run hydropower producer is developing a 1 GW solar project in the Bikaner district of Rajasthan. The total project outlay is around INR 5,500 crore ($661.61 million).
Acen plans 1 GW of floating solar in Philippines
Acen, a unit of Ayala Group, says it plans to develop 1 GW of floating solar on the largest freshwater lake in the Philippines.
Masdar wins Dubai’s tender for 1.8 GW solar farm
Masdar submitted the lowest bid of $0.0162154/kWh in the procurement exercise. The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW.
