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Utility Scale PV

Reliance Industries’ new energy arm to acquire 40% stake in Sterling and Wilson Solar 

The acquisition gives Reliance New Energy Solar access to Sterling and Wilson Solar’s PV plant engineering and project management skills as it aspires to become a global leader in green energy based on the latest and most cost-competitive technologies and development capabilities. 

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Maharashtra tenders 25 MW grid-connected solar

The Maharashtra State Power Generation Co. Ltd (MAHAGENCO) has invited bids to set up a 25 MW grid-connected solar plant in the Dhule district on a revenue share basis. 

Large-scale solar can cool nearby areas

An international team of scientists observed a cooling effect in a large radius around solar arrays. The cooling may have implications for local ecosystem management.

Emerging trends in the Indian solar power sector

The Indian solar power sector is undergoing a technology-backed transformation at every stage from manufacturing to installation to improve cost and performance efficiency.

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.

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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%.

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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%.

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