NHPC records its highest-ever half-yearly net profit
The state-owned hydropower producer, which has also diversified into the field of solar and wind power, has reported a net profit of INR 2,483 crore ($307 million) for the half-year ended Sept 30, 2022–a 12% jump year-on-year.
International Solar Alliance launches innovation challenge in Africa
SolarX Grand Challenge aims to promote entrepreneurship and innovation and discover local solutions to meet the energy gap through solar energy solutions in the African region.
Addressing challenging terrains; optimizing production
Faced with undulating terrains, solar PV companies are leveraging modern technologies to achieve terrain flexibility across challenging sites to deliver unmatched efficiency improvement and bring production gains to solar projects.
GEAPP, ISA sign $10 million grant agreement to boost solar deployment
The Global Energy Alliance for People and Planet (GEAPP) has signed a $10 million grant agreement with the International Solar Alliance (ISA) to boost the deployment of solar energy in developing countries.
India saved $4.2 billion in fossil fuel costs due to solar generation in H1
A new report says solar generation helped seven Asian countries avoid $34 billion in fossil fuel costs in the first half of 2022. The majority of these savings were in China ($21 billion). Japan avoided $5.6 billion in fossil fuel costs and India saved $4.2 billion.
Tech advances halving surface needed for ground-mount solar
French developer VSN Energies Nouvelles was able to almost double the capacity of one of its PV projects due to technological advances such as high-powered panels and new plant design concepts.
Tata Power awarded 150 MW solar project in Maharashtra
Tata Power Renewable Energy Ltd has secured the letter of award to build a 150 MW solar project in the Solapur district. The project was awarded by Maharashtra State Electricity Distribution Corp. Ltd.
Key factors when choosing an automated cleaning system for utility scale PV
Automating utility-scale solar facilities is now a standard consideration of independent power producers (IPPs), with robotics representing a relatively small portion of total investment. Despite this, offers from technology suppliers should be thoroughly scrutinized, as wrong choices can pose a significant risk to a power generation asset that is expected to last 25 years or more.
State Bank of India signs €150 million solar loan agreement with Germany’s KfW
The State Bank of India (SBI) has signed the agreement with KfW Development Bank for availing a second low-interest loan of €150 million. It will use the amount to finance solar farms with outputs between 50 and 250 MW.
Most new solar panels retain 80% production after 30 years
A five-year Sandia Labs study on solar module degradation shows that 13 out of 23 tested module types have effective lifetimes exceeding 30 years.
