Large-scale solar LCOE fell 3% to $0.049/kWh in 2022, says IRENA
The International Renewable Energy Agency (IRENA) says that PV, onshore wind, concentrated solar power (CSP), bioenergy, and geothermal energy experienced substantial reductions in their levelized cost of electricity (LCOE) in 2022.
NTPC, OIL sign MoU for renewable energy and green hydrogen
NTPC and Oil India Ltd have signed a Memorandum of Understanding to explore collaboration in renewable energy, green hydrogen and other areas as they eye increased footprint in the renewable energy domain.
Australia backs 248 GW pipeline to counter reliability challenges
The Australian Energy Market Operator (AEMO) says that 248 GW of proposed generation projects, storage installations, transmission developments, and government energy programs have the potential to address many of the risks in its latest market forecast – if they are delivered to schedule.
SJVN wins 320 MW of solar projects in Assam
SJVN Green Energy Ltd has secured Letter of Awards to develop three solar power projects of 50 MW, 70 MW, and 200 MW. Assam Power Distribution Co. Ltd awarded the projects.
International Solar Alliance convenes meeting of regional committee for Latin America and Caribbean region
The Fifth Meeting of the ISA Regional Committee for Latin America and the Caribbean Region took place this week, convened by the International Solar Alliance (ISA). Its primary objective was translating ambitious solar energy goals into concrete results while addressing pertinent regional issues. The meeting was presided over by Tania Masea, vice minister for new […]
Annual renewables installations to surge 33% to 20 GW this fiscal
India is expected to add around 20 GW of new renewable energy capacity (16 GW solar and the balance wind) in FY 2024. This is 33% up from 15 GW installed in FY 2023.
Reliance chairman outlines plans for HJT solar modules, sodium-ion batteries
Mukesh D Ambani, the chairman and managing director of Reliance Industries, says the company aims to open a fully integrated solar gigafactory by the end of 2025. It also plans to initiate megawatt-level sodium-ion cell production by 2025.
India installed 6.8 GW of solar in H1 2023, says JMK Research
The solar capacity installation in the first six months of 2023 was about 15% less year-on-year.
Acme signs land agreement for green hydrogen, ammonia project in Odisha
Acme Group will set up a green hydrogen and ammonia project at Tata Steel Special Economic Zone Ltd’s Gopalpur Industrial Park in the Ganjam district. The land agreement sets aside 343 acres of land for the project.
India’s transition to net-zero emissions presents $12.7 trillion investment opportunity
India’s energy system requires investments totaling $12.7 trillion between 2022 and 2050 to reach net-zero emissions by mid-century.
