World now has five times more PV than nuclear power
According to the World Nuclear Industry Status Report 2024, the world had 408 operational reactors producing 367 GW in the middle of the year, which is significantly less than installed capacity predictions for solar by the end of the year and five time less the world’s cumulative PV capacity.
UK think tank predicts 593 GW of new global PV installations for 2024
UK-based energy think tank Ember says it expects 593 GW of solar to be added throughout the world this year – 29% more than in 2023. It says 292 GW were installed by the end of July.
NTPC Green Energy files draft papers for $1.19 billion IPO
The initial public offer (IPO) will comprise only a fresh issue of equity shares, with no offer-for-sale component included.
Tata Power Renewable Energy secures 400 MW hybrid wind, solar project from MSEDCL
Tata Power Renewable Energy Ltd has secured a Letter of Award to develop a 400 MW wind-solar hybrid project for power supply to the Maharashtra State Electricity Distribution Co. Ltd. The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity.
Innovation driving change in solar tracker market
Shipment volumes are growing in the global solar tracker market as innovation in project development drives demand. Joe Steveni, of S&P Global Commodity Insights, takes a look at the factors shaping the commercial landscape for trackers, from agrivoltaics and undulating terrain to Indian ambition and the United States’ Inflation Reduction Act.
Adani to supply 6.6 GW of hybrid solar, thermal power to Maharashtra discom
Adani Power Ltd has secured a Letter of Intent from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to supply 6.6 GW hybrid solar and thermal power. The 5 GW solar component of the contracted power will be supplied by Adani Green Energy from its renewable energy park in Khavda, Gujarat.
SECI launches tender for 2 GW of solar
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1 GW of interstate transmission system (ISTS) connected solar PV power projects and additional capacity of up to 1 GW to be awarded through Greenshoe option. Bidding closes on Oct. 4.
SECI launches 2 GW/8 GWh renewables-plus-storage tender
Solar Energy Corp. of India (SECI) is accepting bids to set up 2 GW of renewable energy projects backed with energy storage systems for assured peak supply of 8 GWh (2 GW x 4 hours). Bidding closes on Oct. 14.
Apraava Energy secures 300 MW solar power project in Rajasthan
Apraava Energy has secured a 25-year power purchase agreement (PPA) with NTPC for a 300 MW interstate transmission system (ISTS) connected solar energy project. It will develop the project on a build-own-operate basis in Rajasthan.
The Hydrogen Stream: Gensol, Matrix to set up India’s first green hydrogen valley in Pune
Gensol Engineering and Matrix Gas & Renewables will set up a green hydrogen production plant on a build-own-operate basis, for offtake by the specialty chemical sector.
