KKR-backed Virescent Infrastructure raises US$62 million
Mumbai-headquartered Virescent Infrastructure, set up by US investor KKR to own and operate renewable energy assets in India, has raised INR 4.6 billion (US$62 million) through its renewable energy-focused infrastructure investment trust (InvIT). Canada’s Alberta Investment Management Corporation (AIMCo) led the funding.
628 MW of open-access solar installed in 1H 2021
India’s open-access solar installations in the first half of 2021 were 1,230% up from 47 MW installed in 1H 2020. Uttar Pradesh led the installations, followed by Maharashtra and Tamil Nadu.
SJVN to develop 1 GW solar under CPSU Phase II
The State-owned hydropower producer has landed one-fifth of the 5 GW grid-connected solar capacity tendered under the second phase of the Central Public Sector Undertaking (CPSU) Scheme. It won the project by quoting a viability gap funding (VGF) requirement of INR 44.72 lakh per MW.
How long do residential storage batteries last?
Multiple factors can affect the lifespan of a residential battery energy storage system. We examine the life of batteries in Part 3 of our series.
The long read: Bringing solar module costs down to earth
Rising efficiencies and the plummeting cost of solar modules over the past few years, recent months notwithstanding, are leading innovators toward ideas that may look unusual in the current tracker-dominated world of large-scale solar parks. Advocates of the new approaches argue that they leave traditional models looking decidedly flat by comparison.
UltraTech Cement to switch to 100% renewable power by 2050
The US$ 5.9-billion building solutions manufacturer aims to increase the share of green energy to 34% of its total power requirement by 2024, and further to 100% by 2050, from the current levels of 13%.
Adani Group commits US$20 billion to renewable energy
The diversified business group with a 25 GW renewable energy portfolio will invest US$20 billion across renewable energy generation, component manufacturing, transmission, and distribution over the next ten years.
GoodWe inverters power 6 MW rooftop solar plant at India refinery
The solar plant at Mangalore Refinery and Petrochemicals Limited’s site in Karnataka is generating more than 24,000 units (kWh) of electricity per day.
Rajasthan now has the most installed solar capacity in India
The state has reached an installed solar capacity of 7,738 MW. With this, it has replaced Karnataka to become the PV energy leader in India.
Hero Future Energies secures India’s first deal for large scale solar in Bangladesh
The Haryana-based renewables company, which is part of a bike and motorbike manufacturing conglomerate, will be paid $0.1025/kWh by the Bangladeshi government for the electricity that will be generated by a 50 MW plant in Khulna district, with the power purchase deal running for 20 years.
