AIIB invests $58.4 million in India’s largest renewable energy infrastructure investment trust
The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million in a renewable energy Infrastructure Investment Trust (InvIT) co-sponsored by Mahindra Susten and Ontario Teachers’ Pension Plan. The InvIT holds around 1.54 GWp of operational solar power assets seeded by Mahindra Susten.
ICRA maintains Stable outlook for renewable energy sector
Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.
US solar sites linked to higher levels of insects
Scientists conducting a five-year research project in southern Minnesota have observed a tripling of insect numbers near two solar facilities built on rehabilitated agricultural land. They say the findings show how habitat-friendly solar could help protect insect populations and improve pollination in nearby agricultural fields.
WoodMac predicts strong yet flat global PV growth through to 2032
Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.
Govt tenders 10 GWh of battery cell manufacturing under PLI Scheme
India’s Ministry of Heavy Industries has invited global bids to set up a cumulative 10 GWh of giga-scale advanced chemistry cell (ACC) manufacturing facilities under production-linked incentives scheme. Bidding closes on April 22 and bids will be opened on April 23, 2024.
SAEL secures $1 billion for solar, biomass projects
Solar and waste-to-energy producer SAEL has secured $1 billion from financial institutions including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech.
US startup offering UL-certified vertical PV systems
Sunstall has developed a vertical PV system that facilitates energy production in space-limited areas. It is the first system of its kind to secure certification from Underwriters Laboratories (UL) for the US market
Sunpure to supply robotic cleaning systems for 473 MWp solar project in Rajasthan
China’s Sunpure will supply water-free robotic cleaning systems for a 473 MWp tracker-based solar PV project being set up by Jakson Green in Kawani, Rajasthan.
Largest US solar-storage project goes online
A new 875 MW solar project in California features nearly 2 million solar panels and offers more than 3 GWh of energy storage.
NTPC seeks 1.5 GW of bifacial modules for Khavda Solar Project
NTPC Renewable Energy Ltd (NTPC REL) has invited bids to supply bi-facial PV modules rated 540 Wp each for the 1,515 MW DC solar project in Gujarat. Bidding closes on March 5.
