Sterling and Wilson signs 961 MWp/455 MWh solar storage deal with Nigerian government
Sterling and Wilson Solar Solutions has signed an agreement with the Nigerian Government to build solar projects aggregating to 961 MWp along with total battery storage capacity of 455 MWh in Nigeria.
India could cut electricity costs by about 40% with transition to fully renewables-based power system by 2050
A new study by Finland’s Lappeenranta-Lahti University of Technology (LUT) shows a 100% renewable energy-based power system is technically possible and is the least-cost option for India in 2050.
Gujarat becomes the fourth state to surpass its 2022 renewables target
A new report shows Gujarat, Karnataka, Rajasthan, and Telangana have already surpassed their 2022 targets for renewable capacity installations. However, India is still 58 GW away from its 175 GW national target, with 61% of the target shortfall in just four states.
Hydrogen to play limited role in building energy supply
How much hydrogen is actually needed? Several German research institutes have examined 40 energy scenarios for hydrogen ramp-up and found that 15 million GWh of hydrogen will be needed worldwide by 2050.
KKR, Hero Group to invest $450 million in Hero Future Energies
The investment will support Hero Future Energies in expanding its renewable energy capacity and capabilities across the solar, wind, battery storage, and green hydrogen technologies.
Solar PV employed around 3.4 million people in 2021
Almost half of the workers were employed in China, around 280,000 in North America, over 260,000 in Europe, and some 50,000 in Africa, according to a new report by the International Energy Agency (IEA). The vast majority of workers were employed in manufacturing and installation of new capacity, with solar jobs paying lower wage premiums than the nuclear, oil, and gas industries.
Waaree Renewable Technologies to merge three arms
The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.
Jharkhand launches tender for 2 MW canal-top solar project
Jharkhand Renewable Energy Development Agency (JREDA) has invited bids to build a 2 MW grid-connected solar project on top of the Sikdiri Canal in the Ranchi district. Bidding closes on October 6.
Canadian pension fund invests in Mahindra’s renewables arm
Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.
Streamlining EPC functioning with SaaS
With software-as-a-service (SaaS) solutions, EPC users can manage different silos as per the solar project requirements. The software ensures that the silos are integrated and accessible during all phases of the EPC to maintain transparency.
