Rajasthan signs pacts for over 90 GW of renewable energy projects
State-owned power producers THDC India, NTPC, NHPC, and SJVN have committed investments to build 10 GW of renewable energy capacity each. Among private firms, Reliance plans 20 GW and Axis Energy Group 28 GW of solar projects and 4 GW solar module manufacturing facility.
Storing solar power with grid-scale molten hydroxide
Seaborg Technologies, a Danish manufacturer of molten salt nuclear reactors, has turned a technology that was originally developed for nuclear power into a large-scale storage solution for wind and solar. It has developed a storage system that uses renewable energy to heat salt with electrical heaters, based on two-tank molten salt storage designs developed for concentrated solar power plants.
New renewable energy capacity addition grew 73% year-on-year in the third quarter this fiscal
India installed 3,316 MW of non-hydro renewable energy capacity in the third quarter of FY2021-22, compared to just 1,914 MW installed in the same period last year. Out of this, 93% (3,072 MW) came from solar.
‘Solar and wind deployment could not now be stopped if we wanted to’
BloombergNEF’s Jenny Chase has surveyed the state of affairs in world solar for clean energy journal Joule and said the technology’s historic ability to surmount obstacles – and persistently confound analysts’ predictions – should offer a reason for hope.
Ecoppia robotic cleaners selected for Actis’ 150 MW solar project in Andhra Pradesh
The Israeli robotic solar cleaning specialist, which has over 3 GW of deployed projects globally, today announced it has bagged an order from global investor Actis for a 150 MW PV project in India.
SJVN targets 10 GW of solar projects in Rajasthan over five years
The State-owned hydropower producer has proposed an investment of INR 50,000 crore (around US$6,683 million) to develop 10 GW of solar power projects in the State in the next five years.
Waaree Renewable awarded 180 MW solar project in Tamil Nadu
After 140 MW in Gujarat, the company has secured a 180 MW DC solar project in Tamil Nadu. It shall set up the plant on a turnkey basis.
Additional PLI funds will push solar sector to achieve 2030 target
India should not just rely on solar equipment imports but also promote domestic manufacturing to ensure an uninterrupted march to its 280 GW target of installed solar power capacity by 2030. The budgetary allocation of an extra INR19,500 crore (US$2,602 million) to the production-linked incentive scheme for solar provides the much-needed impetus for domestic production, say GlobalData analysts.
Virescent Renewable Energy Trust raises INR 650 crore via domestic bonds
The investors included domestic financial institutions India Infrastructure Finance Company Limited and Aseem Infrastructure Finance Limited. Virescent shall use the proceeds primarily to fund solar asset acquisitions related debt requirements.
Adani Green Energy raises INR 612 crore for debt refinancing
The developer’s three arms, which collectively have 930 MW of operational solar power projects, have raised INR 612.30 crore (US$81.96 million) through their maiden domestic bond issuance. The proceeds will be utilized to part-refinance existing rupee term loan bearing higher interest cost.
