Since July, the solar market has seen a stark drop in module prices. Forecasts indicate a price increase in the coming months. This uncertainty has cast a shadow on the growth of renewable energy assets in India.
Tata Power Renewable Energy Ltd will develop 200 MW and 150 MW solar projects for power supply to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The projects will be located in Maharashtra.
Solar Energy Corp. of India Ltd has launched a tender to select developers for 1.5 GW of firm and dispatchable power from renewable power projects with energy storage systems. Bidding closes on September 15.
The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.
Juniper Green Energy has crossed 1.2 GW of renewable energy generation capacity (800 MW operating and 435 MW under construction) with power purchase agreements and letters of award secured in recent months.
Brookfield and Reliance have signed a memorandum of understanding to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.
Sonelgaz, Algeria’s state-owned utility, is seeking proposals to build 15 solar plants in 11 locations. The projects will range in size from 80 MW to 220 MW.
NTPC Renewable Energy Ltd has secured the letter of award from REC Power Development and Consultancy (RECPDCL) to develop a 550 MW solar project. It won this project at a tariff of INR 2.56 ($0.031)/kWh through competitive bidding in the RECPDCL auction.
The hail storms that occurred recently in northern Italy damaged several photovoltaic systems. pv magazine Italy retrieved a report from the Vrije Universiteit Amsterdam from 2019 which tried to shed light on the damage caused to solar installations by hail by analyzing the effects of a severe hailstorm that occurred in the Netherlands in 2016. According to their assessments, damages to PV modules are mostly derived from hailstones of at least 3 cm in diameter.
Adani Green Energy recorded a consolidated net profit of INR 323 crore ($39.3 million) for the April-May-June period of 2023.
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