GEAPP, ISA sign $10 million grant agreement to boost solar deployment
The Global Energy Alliance for People and Planet (GEAPP) has signed a $10 million grant agreement with the International Solar Alliance (ISA) to boost the deployment of solar energy in developing countries.
India saved $4.2 billion in fossil fuel costs due to solar generation in H1
A new report says solar generation helped seven Asian countries avoid $34 billion in fossil fuel costs in the first half of 2022. The majority of these savings were in China ($21 billion). Japan avoided $5.6 billion in fossil fuel costs and India saved $4.2 billion.
Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
Tech advances halving surface needed for ground-mount solar
French developer VSN Energies Nouvelles was able to almost double the capacity of one of its PV projects due to technological advances such as high-powered panels and new plant design concepts.
Mahindra & Mahindra forms a new solar subsidiary
Mahindra & Mahindra has incorporated Emergent Solren as a wholly-owned subsidiary of its arm Mahindra Holdings.
Tata Power awarded 150 MW solar project in Maharashtra
Tata Power Renewable Energy Ltd has secured the letter of award to build a 150 MW solar project in the Solapur district. The project was awarded by Maharashtra State Electricity Distribution Corp. Ltd.
PTC India’s call for 1 GW hybrid wind-solar power receives offers for 3.5 GW
The power trading solution provider’s call for expression of interest to supply 1 GW of hybrid wind-solar power received a response from 14 renewable energy developers, including domestic as well as international players.
Key factors when choosing an automated cleaning system for utility scale PV
Automating utility-scale solar facilities is now a standard consideration of independent power producers (IPPs), with robotics representing a relatively small portion of total investment. Despite this, offers from technology suppliers should be thoroughly scrutinized, as wrong choices can pose a significant risk to a power generation asset that is expected to last 25 years or more.
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.
