Solar parks could help to increase rainfall in arid regions
New modeling suggests that the reduction in albedo caused by large-scale solar plants could double rainfall in the Red Sea coastal plain of Saudi Arabia.
Green hydrogen for $5/kg at co-located projects
Ratings agency ICRA has estimated Indian green hydrogen will cost that much if produced at sites featuring clean energy generation capacity and electrolyzers. That is between 50 US cents and a dollar per kilogram cheaper than in locations where the two systems are not co-located, with the saving possible due to a reduction in open-access, intra-state grid charges.
IHS Markit: Battery prices won’t fall until 2024
The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.
Vikram Solar promotes Parakh to COO
Rajendra Kumar Parakh, who led Vikram Solar as the chief financial officer, has been appointed as the chief operating officer for the company’s engineering, procurement and construction (EPC) division.
Scatec joins scaled up Omani green ammonia project
A previous announcement by Acme indicated the port site would be able to produce around 876,000 tons of the green fuel per year but the Indian developer today said that figure would be 1.2 million tons. The 100,000-ton-per-year first phase of the facility may be operational this year.
Ukrainian energy company restarts grid generation from its solar parks
Clean energy facilities have been ordered offline in the nation since Thursday as the national grid ran an exercise to establish how it would function in isolation from the power networks of Russia and Belarus.
Rajasthan to host 1.8GW of new solar parks in Jaisalmer and Bikaner
The Indian State of Rajasthan, with 10,560MW of installed solar power capacity, will have an 800MW solar park in Jaisalmer developed through Rajasthan Power Generation Corporation. Rajasthan Solar Park Development Company, a Rajasthan Renewable Energy Corporation subsidiary, will build a 1,000MW solar park in Bikaner.
Azure net loss reduces 44% in Q3 as revenue grows
The NYSE-listed Indian solar developer reported a net loss of INR 610 million (US$ 8.2 million) for the quarter ended December 31, 2021 against INR 1,088 million for the corresponding period in the previous year.
Avaada Energy raises US$192 million through green bonds
Avaada Energy is issuing green bonds for INR 1440 crore (US$192 million) at 6.75%, making it India’s largest AAA-rated green bond by any renewable energy developer.
India installed 10 GW of solar in 2021
India recorded the highest ever annual solar installation in 2021 despite a rise in component costs.
