Vietnamese manufacturer unveils PV module for agrivoltaics
Vietnamese manufacturer Irex has announced a new glass-glass solar panel with a power output of 265 W and a power conversion efficiency of 18.1%.
All-renewables power system with 76% solar share could halve electricity costs and drive net-zero by 2050
A power system modeling study, jointly carried out by Lappeenranta-Lahti University of Technology (LUT) and Wärtsilä, explores the feasibility of a net-zero-emissions power system in India by 2050. It shows that an all-renewables power system, when paired with flexible generation technologies (thermal balancing power plants and energy storage), can improve the affordability of electricity while ensuring the reliability of system operations.
Consultancy sought for India-funded 100 MW solar plant in Bangladesh
The majority of the finance for the $177 million, Jamuna river project will be provided in the form of soft loans from the Indian government and officials are reportedly already planning a second 100 MW facility with a Chinese firm on nearby land.
Vector Green raises INR 14 billion for operating solar assets
The Mumbai-based renewable power producer has raised the long-term, non-recourse debt from the Indian Renewable Energy Development Agency Ltd (IREDA). It shall use the amount to finance its operating solar projects in Punjab, Andhra Pradesh, and Telangana.
ICRA improves energy demand outlook for FY2022
The ratings agency expects the energy demand in FY 2021-22 to grow by 8-8.5%. While the increased energy demand will improve the thermal plant load factor (PLF) level, this sector outlook remains negative as the PLF level will remain below 60%.
Adani concludes India’s largest renewables M&A transaction
Adani Green Energy has completed the acquisition of 5 GW of solar and wind assets from SB Energy India for $3.5 billion, marking the largest renewables M&A deal in the country. The acquisition swells Adani’s operational capacity by 46%.
SECL tenders 40 MW solar for self-consumption
Domestic bids are invited to install a 40 MW solar power plant for captive consumption by South Eastern Coalfields Limited. The plant shall come up SECL land in the Surajpur District of Chhattisgarh. Bidding closes on October 15.
NTPC arm signs green term loan pact for 670 MW solar
The renewable energy arm of NTPC signed the pact with the Bank of India to finance its 470 MW solar project in Rajasthan and 200 MW in Gujarat.
Adani Green to buy Essel’s 40 MW solar assets in Odisha
The operating solar assets benefit from a long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) at an INR 4.235/kWh tariff. The remaining PPA life is 22 years.
Renewables vs. Nuclear: 256-0
The latest World Nuclear Industry Status Report shows that the world’s operational nuclear capacity grew by just 400 MW in 2020, with generation falling by 4%. By contrast, renewables grew by 256 GW and clean energy production rose by 13%. “Nuclear power is irrelevant in today’s electricity capacity market,” the report’s main author, Mycle Schneider, told pv magazine.
