Utility Scale PV

BluPine Energy has secured green loan financing from Standard Chartered for its 120 MW solar project in Gujarat.

Adani Green Energy has announced the formation of Adani Renewable Energy Fifty One and Adani Renewable Energy Fifty Five.  

Mahindra & Mahindra Group has announced the cessation of its solar subsidiaries Emergent Solren, Mega Suryaurja, Megasolis Renewables, Neo Solren, Astra Solren, and Brightsolar Renewable Energy.

Australia’s United Solar Group has secured a power purchase agreement (PPA) for 700 MW of floating solar and a 1.5 GWh battery project in Kilinochchi, Sri Lanka.

Nextracker’s smart solar trackers are now either operational or under fulfillment for 10 GW of PV projects located in the Middle East, Africa, and India.

Large-scale solar projects in India are facing delays of at least two-three months. The primary reason is Indian companies’ dependency on Chinese products and equipment, which may result in shipping delays and cost fluctuations. But, many companies in India have their solar module stocks already ready and can provide their products at the same price as Chinese brands, Tanmoy Duari, CEO, AXITEC Energy India, tells pv magazine.

Rays Power Infra Ltd has signed a Memorandum of Understanding (MoU) with the Uttarakhand government to build a 500 MW solar park in the state.

A report from Ernst & Young (EY) shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelized cost of electricity (LCOE) for PV is now 29% lower than the cheapest fossil fuel alternative.

Bangladesh has approved more than 1.5 GW of solar projects over the past seven months, with recent developments including tariffs for 200 MW in November and 310 MW in October.

In year 2022, solar, wind and hybrid project finance lending amounted to INR 18,577 crore ($2.36 billion). On the other hand, like in 2021, not a single coal power plant received such funding.