Brookfield, Reliance Industries sign MoU for solar panel, battery storage production in Australia
Brookfield and Reliance have signed a memorandum of understanding to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.
Algeria’s Sonelgaz reveals prequalified bidders for 2 GW solar tender
Sonelgaz, Algeria’s state-owned utility, is seeking proposals to build 15 solar plants in 11 locations. The projects will range in size from 80 MW to 220 MW.
NTPC secures letter of award for 550 MW solar project
NTPC Renewable Energy Ltd has secured the letter of award from REC Power Development and Consultancy (RECPDCL) to develop a 550 MW solar project. It won this project at a tariff of INR 2.56 ($0.031)/kWh through competitive bidding in the RECPDCL auction.
How big must hailstones be to damage PV systems?
The hail storms that occurred recently in northern Italy damaged several photovoltaic systems. pv magazine Italy retrieved a report from the Vrije Universiteit Amsterdam from 2019 which tried to shed light on the damage caused to solar installations by hail by analyzing the effects of a severe hailstorm that occurred in the Netherlands in 2016. According to their assessments, damages to PV modules are mostly derived from hailstones of at least 3 cm in diameter.
Adani Green profit surges 51% YoY in Q1 FY 2024
Adani Green Energy recorded a consolidated net profit of INR 323 crore ($39.3 million) for the April-May-June period of 2023.
NTPC profit surges 9.39% YoY in first quarter
The state-owned power generator reported a net profit (profit after tax) of INR 4,066 crore ($494.34 million) in the April-May-June period of FY 2023-24.
Rays Power signs 283 MWp solar EPC contract with Serentica Renewables
Rays Power Infra has secured the engineering, procurement, and construction contract for a 283 MW DC solar PV project in Karnataka.
Malaysia increases green energy tariff for residential, industrial consumers
Malaysia has increased the green energy tariff for residential and industrial consumers through the Green Electricity Tariff (GET) program. The government is offering 4,500 GWh of power to residential and industrial customers each year. These customers will be charged an additional MYR 0.281 ($0.062) for each kilowatt-hour of renewable energy that is purchased.
India’s installed solar power capacity surpasses 70 GW
The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.
PPA prices fell 11% in Europe in May, says Pexapark
Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.
