State Bank of India signs €150 million solar loan agreement with Germany’s KfW
The State Bank of India (SBI) has signed the agreement with KfW Development Bank for availing a second low-interest loan of €150 million. It will use the amount to finance solar farms with outputs between 50 and 250 MW.
Most new solar panels retain 80% production after 30 years
A five-year Sandia Labs study on solar module degradation shows that 13 out of 23 tested module types have effective lifetimes exceeding 30 years.
Serentica Renewables secures $400 million from US investor KKR
Currently, Serentica Renewables is developing 1.5 GW of solar and wind power projects for energy-intensive industries in India. Over the medium-term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment from KKR will support its industrial decarbonization projects.
India needs $300 billion to meet 2030 target of 500 GW non-fossil energy capacity
A new report by Arthur D. Little presents an integrated blueprint for India to achieve its true potential in the power sector with a focus on renewables.
ISMT to set up 70 MW solar plant for self-consumption
ISMT Ltd, a Pune-headquartered seamless steel tube manufacturer, will set up the 70 MW DC captive solar plant with an investment of up to INR 305 crore ($37.1 million).
New standardized guidelines for solar O&M
IEA-PVPS has standardized guidelines for O&M programs for large-scale solar plants. It defines O&M performance indicators and standard O&M operator services, as well as tools to analyze PV plant performance and safety.
Karnataka attracts massive investments in wind-solar hybrids
Ayana Renewable Power, Azure Power, EDF Renewables India, Sterlite Power, Torrent Power, and Vena Energy have committed investments in wind-solar hybrid projects in the state.
Acme to invest $6.3 billion in green hydrogen, ammonia project in Karnataka
The renewables developer will build a 1.2 mtpa green hydrogen and green ammonia project with integrated RE generation capacity in the state.
Uninterrupted PV generation without storage
An Israeli scientist has proposed a way to achieve uninterrupted PV power on the moon without using energy storage. The proposal involves the installation of PV panels around a 360-degree latitudinal ring close to one of the moon’s poles. There would be no inter-array shading, and static vertical PV arrays and arrays mounted on single-axis vertical trackers could be viable mounting structures.
SECI launches 1.2 GW hybrid wind-solar-storage tender
Developers have until Dec. 12 to bid to set up a cumulative 1.2 GW of wind-solar-storage hybrid capacity on a build-own-operate basis, anywhere in India.
