The State-owned hydropower producer will sell the electricity generated from the solar project to Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) under a 25-year power purchase agreement. Tariff is fixed at INR 2.68/kWh (US$0.037/kWh).
A prototype of a cement-based battery has been developed in Sweden for potential applications in buildings. Its creators claim it could become a solution to store electricity from rooftop PV and they do not exclude that it could also be used for the storage of large-scale renewables.
The nation maintained the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment.
The Indian Renewable Energy Development Agency has extended the bidding to May 31 and amended the ceiling tariff, maximum viability gap funding, and commissioning timeline for the solar projects.
Spanish PV project developer Gransolar is planning to build a large-scale green hydrogen production plant in the Port of Almería, in southern Spain.
During the fiscal year 2020-21, India installed utility-scale solar projects amounting to 3.5 GW, about 39% less year-on-year.
The 14.7 MWp project, developed for Southern Petrochemical Industries Corporation (SPIC) Limited, uses an aggregate 37,632 number of 390Wp PV panels and spans an area of 15.6 hectares.
The Indian developer has agreed to acquire a 100% interest in SB Energy’s India renewable portfolio for approximately US$3.5 billion (INR 26,000 crore). The assets, totaling 4,954 MW, are spread across four Indian states.
According to the International Energy Agency, most of the global reductions in CO2 emissions between now and 2030 would come from technologies available today. In a recent report, the agency sets what it described as a “cost-effective and economically productive” pathway resulting in an energy economy “dominated by renewables like solar and wind.”
Poor and piecemeal implementation of net metering policies is a major roadblock for the uptake of rooftop solar system in India, according to a new report by Asian Development Bank.
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