Jindal Steel and Power signs 1 GW carbon-free energy deal with Greenko
Greenko will assist Jindal Steel and Power in the design and development of the associated renewable energy capacity, and identification of potential strategic investors for the RE capacity. It will also provide its pumped storage capacity currently under development in Madhya Pradesh and Rajasthan.
Global installed PV capacity could hit 260 GW in 2022
The International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) estimates that 173.5 GW of new solar capacity was installed in 2021, and that figure might rise to 260 GW in 2022. pv magazine spoke with the co-chair of the European Solar Manufacturing Council to look into the figures.
Hitachi Energy to supply power transformers for India’s largest solar energy park
Hitachi Energy will provide made-in-India power transformers for NTPC’s upcoming 4.75 GW solar energy park in Gujarat.
ISA Assembly approves payment guarantee mechanism for solar projects in Africa
The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.
SJVN signs 1 GW floating solar deal with Assam government
SJVN’s green energy arm and Assam Power Distribution Co. Ltd have agreed to develop 1 GW of floating solar project in Assam through a joint venture.
Torrent Group commits $7.28 billion renewables investment in Rajasthan
The Group will invest more than INR 60,000 crore ($7.28 billion) in setting up renewable energy projects, including green hydrogen, in the Indian state of Rajasthan.
Wind, solar payback times under a year in some parts of world, says Rystad
Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.
Coal India to set up 1.19 GW solar project in Rajasthan
The state-owned coal miner has signed a deal to set up the project in Rajasthan Vidyut Utpadan Nigam Ltd’s 2 GW solar power park in Bikaner. The estimated cost of the solar project is INR 8,000 crore ($974 million).
Pennar Industries secures 625 MW DC solar project from NTPC REL
The Hyderabad-based diversified engineering firm has won an INR 1,167 crore ($141.64 million) contract to install, commission, and provide three-year operation and maintenance support for a 625 MW DC solar project in Rajasthan.
India expected to annually deploy 35-40 GW of renewables until FY2029-30 end
Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations.
