Hero Future Energies signs $756 million MoUs with REC, PFC
Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) will extend INR 3,100 crore (($378 million) each to support Hero Future Energies’ upcoming renewable energy projects.
NTPC launches 1.5 GW solar tender
NTPC has invited global bids to develop 1.5 GW of solar power projects anywhere in India. Bidding closes on August 29.
Australian startup unveils new wall-mounted residential EV chargers
Evos, an Australian startup specializing in electric-vehicle charging technology, has unveiled its first home chargers. The 7 kW wall-mounted devices are designed to add driving range to EVs for every hour they are plugged in.
Harnessing solar power for railways
The Indian Railways is working towards reducing its carbon footprint by employing renewable energy to power its operations. The scope of installation, whether in the form of solar rooftop coaches or solar on the railway stations, is immense.
India installed 6.8 GW of solar in H1 2023
Capacity addition in the rooftop solar segment stood at 2,294 MW, which is higher than the yearly rooftop PV installations of 2022.
8.5 GW of solar parks completed under govt support scheme
Eleven solar parks aggregating 8.521 GW have been completed and seven solar parks totaling 3.985 GW partially completed under the Ministry of New and Renewable Energy’s scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects.”
L&T wins new orders for power transmission and distribution
Larsen & Toubro has secured contracts to implement advanced distribution SCADA and HVDC transmission lines.
Waaree Renewable reports improved revenue, profit in first quarter
Waaree Renewable Technologies recorded a revenue of INR 129 crore ($15.8 million) and a net profit of INR 11.1 crore in the April-to-June period of FY 2023-24.
German research institute unveils 99.74% efficient power electronics for solid-fuel heat pumps
Germany’s Fraunhofer Institute for Applied Solid State Physics (IAF) has developed an ultra-efficient circuit topology for voltage converters with an electrical efficiency of 99.74%. The tech could considerably raise the coefficient of performance for electrocaloric heat pumps and the scientists are now considering components based on semiconductor gallium nitride (GaN) for higher power density and efficiency.
Germany deployed 6.26 GW of solar in H1
Germany installed more than 1 GW of new PV systems in June alone. Its cumulative installed PV capacity hit 73.8 GW at the end of the first half of this year.
