Nextracker contracts for 10 GW of annual manufacturing capacity in India
The US-based solar tracker specialist, which manufactures in India in collaboration with local partners, has achieved 10 GW per annum of manufacturing capacity in India. The company has over 5 GW of systems under fulfilment or operational.
NIIFL launches $600 million bilateral India-Japan Fund
The India-Japan Fund will actively invest in India’s environmental preservation sector, including renewable energy and e-mobility businesses.
India needs 36% YoY increase in annual solar capacity additions to reach FY 2027 target of 186 GW
India needs to ramp up its annual solar capacity additions by 36% year-on-year to reach an installed PV base of 185.6 GW by FY 2027, targeted under 14th National Electricity Plan. The nation installed 66.7 GW of PV capacity as of March 31, 2023, with 12.9 GW added in FY 2023.
Sterling and Wilson wins 300 MW solar EPC project from NTPC
Sterling and Wilson Renewable Energy Ltd has secured its third solar EPC contract from NTPC REL in Khavda RE Power Park of Gujarat. The contract price, including three-year operation and maintenance, would be INR 1,535 crore (around $185 million).
Brookfield, Axis form second JV to develop renewable energy projects
Brookfield and Axis Energy Ventures had earlier formed a joint venture platform ABC Renewables to develop renewable energy projects. The latest JV will have up to $845 million of equity investment by Brookfield.
France allocates 1.5 GW in ground mounted PV tender
The French government has awarded 129 projects an average price of €0.0824 ($0.0868)/kWh in its latest ground-mounted tender. This represents the largest capacity since the beginning of the tender series held by the French authorities.
NTPC, ONGC to collaborate for renewable energy projects
NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.
India’s green hydrogen will be the cheapest in the world: Power minister
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
IIT Mandi researchers evaluate solar plants across different climatic zones in India
Researchers at IIT Mandi evaluated seven NTPC solar PV plants across different climatic zones on economic, technical, environmental, and connectivity parameters. They used a fuzzy multi-criteria decision-making method to compare these solar PV plants and said the methodology would assist decision-makers in identifying suitable sites for solar power plants.
