Utility Scale PV

Avaada, BluPine Energy, Hinduja Renewable Energy, KPI Green and NRC Industries have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected solar with greenshoe option of additional 500 MW.

Sembcorp Green Hydrogen, an arm of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric for the supply of green ammonia produced in India to Japanese off-takers. Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.

China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).

A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.

A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.

Clean Energy Associates released a summary of the seven solar module trade policies and solar panel import tariffs currently in place, including AD/CVD rulings, Section 201/302, and the Uyghur Protection Act. These tariffs have significantly increased, or will increase, the cost of hardware imports into the United states – predominantly from China, but not exclusively – by 91% to 286%.

India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.

ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.

By forging ahead with solar-powered land restoration initiatives, we can build resilient ecosystems, foster sustainable livelihoods and safeguard our planet for generations to come.

India’s solar journey is a tale of turning challenges into opportunities, of harnessing the sun’s boundless energy to light up lives sustainably. On this World Environment Day, India’s solar saga reminds us that with innovation, policy support, and collective will, we can indeed craft a brighter, greener future—one solar panel at a time.