NTPC profit surges 9.39% YoY in first quarter
The state-owned power generator reported a net profit (profit after tax) of INR 4,066 crore ($494.34 million) in the April-May-June period of FY 2023-24.
Rays Power signs 283 MWp solar EPC contract with Serentica Renewables
Rays Power Infra has secured the engineering, procurement, and construction contract for a 283 MW DC solar PV project in Karnataka.
Malaysia increases green energy tariff for residential, industrial consumers
Malaysia has increased the green energy tariff for residential and industrial consumers through the Green Electricity Tariff (GET) program. The government is offering 4,500 GWh of power to residential and industrial customers each year. These customers will be charged an additional MYR 0.281 ($0.062) for each kilowatt-hour of renewable energy that is purchased.
India’s installed solar power capacity surpasses 70 GW
The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.
JSW Steel to use green hydrogen for steelmaking at Vijayanagar plant
JSW Energy will set up a 3,800 tonnes per annum (tpa) green hydrogen plant for supply to JSW Steel. Green hydrogen production at the plant will be powered by 25 MW of renewable energy.
PPA prices fell 11% in Europe in May, says Pexapark
Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.
Using shunts to spot PV module degradation
Scientists in Ireland investigated the effect of shunt resistance on a PV cell’s electrical performance. The group says its finding could potentially lead to the development of models for early detection of various forms of cell degradation, allowing for intervention to repair or replace components before major power losses occur.
PM KUSUM scheme hits 2.45 lakh solar pumps milestone
As on June 30, 2023, around 2.45 lakh agriculture pumps have been installed or solarized under PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme.
Going beyond renewable/non-renewable dichotomy
Scientists in India have proposed a new classification of energy sources that is intended for the adoption and definition of emerging technologies, which they said conventional taxonomies fail to achieve.
Mobec launches portable EV charging network
The Noida-based startup has rolled out the franchise network to provide mobile EV charging as a service. It targets 100 franchise partners by the end of 2023.
