Japan’s 16th solar auction concludes with lowest bid of $0.065/kWh
Japan’s latest procurement exercise was open to PV projects above 250 kW in size. The lowest price came in at JPY 9 ($0.065)/kWh, with 119.7 MW of allocated capacity.
Italian startup offers solar kits packed in barrels
Italy’s Barrel claims that solar kits packed in barrels are ideal for remote areas and conflict zones. Its standard packages consist of 6 kW solar modules, 5.6 kW single-phase hybrid inverters, and 3.55 kWh lithium batteries.
Integrating higher share of renewable energy in India’s power system
To increase the share of renewable energy, India needs to introduce demand-side measures like time-of-use tariffs, develop a well-connected national grid, deploy various energy storage options for grid balancing services, and convert its fossil-fuel-powered fleet to operate flexibly.
IFSCA and Climate Policy Initiative sign MoU on sustainable finance
The International Financial Services Centres Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding to support the mobilization of sustainable finance in India.
India must add 32 GW of solar capacity per year to meet PV target for FY 2030
India will have to add over 30 GW of solar capacity annually to meet the 293 GW PV target in the optimal energy mix for 2029-30. The nation had installed 68 GW of PV capacity as of May 31, 2023.
Chile releases bidding terms for 5,400 GWh renewables, storage auction
The Chilean authorities want to contract 5,400 GWh of power from renewable energy, while also including battery storage. The selected developers will secure 20-year power purchase agreements (PPAs).
South Eastern Coalfields to develop 600 MW of solar power projects
South Eastern Coalfields plans to develop 600 MW of solar power projects with more than INR 1,000 crore investment.
The potential for floating solar in Southeast Asia
The US National Renewable Energy Laboratory (NREL) and its partners have assessed the technical potential for floating PV throughout Southeast Asia.
Punjab invites EoI for 100 MW floating solar
Punjab Energy Development Agency (PEDA) has invited an Expression of Interest (EOI) from developers to set up a cumulative floating solar capacity of 100 MW across Punjab. The capacity will comprise projects of different sizes, to be developed on a build-own-operate basis.
Oriana Power completes pre-IPO funding round
The Noida-based commercial and industrial solar developer said the pre-IPO round was led by renowned stock investor Anil Kumar Goel, JSW veteran Prashant Jain and Meru founder Neeraj Gupta.
