Rays Power Infra switches on 150 MW solar plant in Karnataka
Rajasthan-headquartered Rays Power Infra has commissioned a 150 MW (DC) solar plant in Raichur and Koppal, Karnataka.
Study finds 100% renewables would pay off within 6 years
New research from Stanford University researcher Mark Jacobson outlines how 145 countries could meet 100% of their business-as-usual energy needs with wind, water, solar and energy storage. The study finds that in all the countries considered, lower-cost energy and other benefits mean the required investment for transition is paid off within six years. The study also estimates that worldwide, such a transition would create 28 million more jobs than it lost.
Shell completes acquisition of Sprng Energy
Shell has completed the $1.55 billion acquisition of Solenergi Power, an Actis company holding 100% of Indian renewables developer Sprng Energy.
World could install 250 GW of solar this year, claims Bloomberg analyst
Rob Barnett, a senior clean energy analyst for Bloomberg, forecasts a 30% increase in global PV deployment this year, and double-digit growth through 2025.
India installed 8.4 GW of solar in H1
India is expected to install 20 GW of new solar capacity in 2022, according to JMK Research.
NTPC’s 296 MW Fatehgarh solar project goes fully online
The state-run power generator has declared its 296 MW Fatehgarh solar project in Rajasthan is now fully operational, following the commissioning of its last-part capacity of 48.8 MW recently.
Tata Power switches on 225 MW hybrid project
The hybrid renewable energy project will supply power to Tata Power’s Mumbai distribution company under a 25-year power purchase agreement.
US to extend Investment Tax Credit for solar at 30% to 2032
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
India’s solar report card for FY 2021-22
India installed 12.3 GW of solar in the twelve months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal.
India has installed more than 57.7 GW of solar
The nation reached a cumulative 57.7 GW of solar power generation capacity by June 30, 2022. Rajasthan (14.4 GW), Gujarat (7.8 GW), and Karnataka (7.6 GW) top in PV installations.
