Bangladesh seeking partners to build solar power plants
The Bangladesh Power Development Board (BPDB) is seeking international partners to build three PV plants, with 77.6 MW of capacity in total, in different parts of the country.
NTPC ranked No.1 independent power producer globally by S&P Platts
NTPC currently contributes 24% of the total electricity produced in India. It targets non-fossil fuel-based capacity making up nearly 50% of the company’s portfolio by 2032.
India recorded highest ever annual solar installations in 2022
India installed 13 GW of solar during the Jan.-Dec period in 2022, with large-scale projects accounting for 87% of the addition.
Acme Group and Japan’s IHI to jointly explore opportunities in green hydrogen
Indian developer Acme Group and Japan’s IHI have signed a pact to jointly explore opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation.
Renewable energy auctions not in tandem with government targets
India tendered only about 28 GW of variable renewable energy capacity in 2022, as against 40 GW in 2019. The nation needs to add 30-35 GW of new VRE capacity annually to reach its climate targets by 2030 and that requires more than 35 GW of annual tendering.
Replacing MPPT with direct PV-battery coupling
Researchers in Germany have assessed direct coupling and integration between PV and batteries at the scale of a single PV module. They say their solution could be cheaper and provide superior performance than maximum power point tracking (MPPT) in optimizing PV system performance.
Global solar installations may hit 350.6 GW in 2023, says TrendForce
TrendForce says solar demand could grow by more than 53.4% this year due to lower module prices and delayed projects from 2021 and 2022 that are now going online. China will be the largest market this year with 148.9 GW, followed by the United States with 40.5 GW, India with 17.2 GW, Brazil with 14.2 GW, Germany with 11.8 GW, Spain with 11.4 GW, and Japan with 8 GW.
Waaree Renewable Q3 profit soars 11,250% year-on-year
Waaree Renewable Technologies has posted a profit after tax (net profit) of INR 24.97 crore (around $3 million) for the quarter ended December 31, 2022, 11,250% up year-on-year.
Ensuring a just energy transition
The renewable energy sector must lead responsibly by addressing land use, circularity and financing.
Adani Green Energy Q3 profit soars 110% YoY
Adani Green Energy Ltd, the renewable energy arm of the diversified Adani Group, reported a consolidated net profit of INR 103 crore in the three months ended Dec. 31, 2022.
