Credit Fair secures $5 million from BII to fund rooftop solar projects in India
Credit Fair has raised $5 million in debt from from the $75-million Green Basket Bond issued by Symbiotics Investments and subscribed to by British International Investment. It will deploy the amount to fund 2,500 new rooftop solar projects.
Germany hits 100 GW solar milestone
The country installed around 1.12 GW of new PV capacity in January, thus raising its cumulative installed solar power over the 100 GW threshold.
Alpex Solar wins INR 45-crore solar pumps order from MSEDCL
Alpex Solar will supply 2,000 solar-powered water pumps under Magel Tyal Saur Krushi Scheme in Maharashtra.
Volks Energie to help Power Grid switch to Ni-Cd batteries for energy storage
Volks Energie has secured a project from Power Grid Corp. of India Ltd (PGCIL) to deploy Nickel-Cadmium (Ni-Cd) batteries for energy storage.
Enhanced Innovations develops solar-powered cold storage unit for ‘last mile’ vaccine transport
India’s Enhanced Innovations has developed the Phloton active cooling vaccine carrier with a 14-hour lithium battery backup and solar charging support.
Adani moves to allay fundraising fears
Following the indictment of its chairman, Gautam Adani, in the United States over bribery allegations, questions are being asked about Adani Group’s ability to raise capital. With the charges related to solar, India’s PV industry has wider concerns. Adani Group refutes the allegations and says it is as robust as ever.
Large batteries with grid-forming inverters can increase renewables hosting capacity
Researchers recommended that transmission system operators consider adopting grid-forming battery energy storage systems system-wide to improve grid stability and to maximize system hosting capacity for solar and wind generation.
Gujarat seeks consultant for 14.2 GW of pumped storage projects, tenders 110 MW floating solar EPC
Gujarat State Electricity Corp. Ltd (GSECL) is looking to assess the feasibility of 14,210 MW of pumped storage projects across 16 locations in Gujarat. It has also tendered EPC of 110 MW floating solar in the state.
Sineng Electric supplies central inverters for ArcelorMittal Nippon Steel’s RE project in Andhra Pradesh
Sineng Electric supplied 184 units of its 3.3 MW central inverter (EP-3300-HB-UD), delivering a cumulative capacity of 606 MW AC.
India could cut industrial emissions by 65% by 2050 with policy interventions
WRI India projects that industrial emissions could be reduced by 65% in 2050 with policy-driven interventions compared to a reference scenario without additional policies.
