Installations

The 25 MW solar project acquired by Torrent Power benefits from a a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd. Reliance New Energy Solar Ltd, a wholly-owned unit of Reliance Industries Ltd, now holds 40% of the total paid-up equity share capital of Sterling & Wilson Solar following acquisition of a further stake from its promoters. 

Researchers at the Indian Institute of Technology Delhi have developed solar towers that can be moved from one place to another and can generate 20-30% more power while requiring only 50-60% space compared to conventional mounting setups.

State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.

Seaborg Technologies, a Danish manufacturer of molten salt nuclear reactors, has turned a technology that was originally developed for nuclear power into a large-scale storage solution for wind and solar. It has developed a storage system that uses renewable energy to heat salt with electrical heaters, based on two-tank molten salt storage designs developed for concentrated solar power plants.

India installed 3,316 MW of non-hydro renewable energy capacity in the third quarter of FY2021-22, compared to just 1,914 MW installed in the same period last year. Out of this, 93% (3,072 MW) came from solar.

Ashutosh Verma, founder of solar appliance manufacturing company Exalta India, says the key to increasing the uptake of solar products in rural areas lies in improving the access to finance, infrastructure to retain the technology, and awareness on usage.

BloombergNEF’s Jenny Chase has surveyed the state of affairs in world solar for clean energy journal Joule and said the technology’s historic ability to surmount obstacles – and persistently confound analysts’ predictions – should offer a reason for hope.

The Israeli robotic solar cleaning specialist, which has over 3 GW of deployed projects globally, today announced it has bagged an order from global investor Actis for a 150 MW PV project in India. 

For real estate developers, now is the best time to install a solar energy system in their projects because solar rebates, tax credits, and incentives are at all-time highs. At the same time, a solar energy system may help them prepare for tomorrow’s specific difficulties while also saving money now.

The State-owned hydropower producer has proposed an investment of INR 50,000 crore (around US$6,683 million) to develop 10 GW of solar power projects in the State in the next five years.