World Bank lends $200 million to increase renewable energy penetration in Himachal Pradesh
The World Bank loan will help Himachal Pradesh strengthen its power grid, enhance the share of renewable energy (RE) in its power mix, and diversify RE resources further.
Waaree Renewable commissions 122.5 MW solar project in Madhya Pradesh
Waaree Renewable has commissioned a 122.5 MW portion of a 210 MW DC solar power project in Madhya Pradesh. It executed the project on an EPC basis for UPC Renewables.
Gujarat wraps up 800 MW solar tender with $0.033/kWh tariff
SAEL Industries secured the biggest slice of 400 MW in Gujarat Urja Vikas Nigam Ltd’s tender for 800 MW solar with an additional 800 MW under the greenshoe option.
Portugal aims to install 20.4 GW of solar by 2030
The Portuguese government has raised its 2030 solar target by 11.4 GW. It now hopes to cover 85% of its electricity mix with renewables by the end of the decade.
SECI tenders 500 MW of renewables with storage
Solar Energy Corp. of India Ltd (SECI) will start accepting bids to select developers for 500 MW of firm and dispatchable power from renewable energy projects with energy storage systems.
World Bank approves $1.5 billion to support India’s low-carbon transition
The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.
Developer using membranes to increase bifacial solar module yield by 6.4%
Germany-based Solar Kapital has used membranes at three of its PV plants in Greece. It claims that the payback time of the new solution is relatively short.
‘Renewables will eat itself,’ says Australian analyst
Over the next five to 15 years, batteries will undercut the business case for major transmission and interconnector projects. These assets will nonetheless likely be built, decreasing price spreads and eating into the revenues of batteries, predicts analyst Warwick Johnston.
Spain targeting 56 GW of new solar by 2030 under new energy strategy
The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW.
Premier Solar, Amara Raja Infra JV wins $130 million contract in Bangladesh
Premier Solar Powertech, in a joint venture with Amara Raja Infra, has secured a $130 million PV contract in Bangladesh. The company will provide technical support and supply 140 MWp of high-efficiency solar panels to the project.
