The potential for grid-scale energy storage in India
A new study provides a first-of-its-kind assessment of grid-scale energy storage deployment in India both in the near term and the long term. The researchers conducted scenarios-based capacity expansion modeling to assess when, where and how much energy storage can be cost-effectively deployed in India through 2050. In all scenarios, energy storage was found to play a significant role in India’s power system.
Solar modules are being detained by US customs agents, reports suggest
An order issued in late June instructed US customs agents to detain solar shipments containing silica-based products sourced from a Chinese firm and its subsidiaries. Three solar players may already have been impacted.
Engie commissions 200 MW solar plant in Gujarat
The solar plant, spread across 380 hectares in the Raghanesda Solar Park, is Engie’s second-largest PV project in India. It was completed within the schedule, despite the multiple challenges during the Covid pandemic.
Cooling PV modules with plants, coir pith
An Indian-Malaysian research group has investigated the effectiveness of several passive cooling techniques for solar panels, including the placement of plants around the modules or coir pith underneath them, both of which, surprisingly, offered good performance in terms of temperature reduction and power yield.
Energy transition to create 60m solar jobs by 2050
The switch from fossil fuels and nuclear will bring a jobs dividend thanks to the greater labor-intensity of renewables plants, according to a paper published by Finland’s LUT. However, the jobs dividend is unlikely to be evenly spread around the world, with Europe set to be a big winner.
SJVN wins Bihar’s 200 MW solar tender with INR 3.11/kWh bid
The hydropower producer will sell the solar electricity generated from the plant to Bihar Renewable Energy Development Agency (BREDA) under a 25-year power purchase agreement.
ReNew Power to acquire 359 MW of solar, hydropower assets
The Haryana-based developer has agreed to acquire 260 MW of operating solar projects in Telangana and a 99 MW hydropower project in Uttarakhand for around INR 28.5 billion (US$ 384 million).
Sterling and Wilson Solar announces Q1 FY2022 results
The company’s revenue from EPC and operations and maintenance business stood at INR 1,195 crore, a 12% growth over the same period in the previous fiscal year. The gross margins remained suppressed owing to an increase in module and commodity prices.
Azure Power issues US$414 million green bond at 3.575% coupon rate
The New Delhi-based independent power producer has issued its third green bond as it looks to raise US$414 million. The coupon rate is the lowest ever for any renewable energy company in India.
Tata Power commissions 100 MW solar project in Gujarat
The latest addition takes Tata Power Renewable Energy’s total installed capacity to 2,797 MW, including 1,865 MW of solar and 932 MW wind.
