ALMM mandate reimposed: What it means
The ALMM mandate reimposed from April 1, 2024 provides relief for solar developers with advanced progress in development and with expected commissioning post-March 31, 2024. It also allows exemption for open access-based and captive solar projects, enabling these projects to source modules from the most cost-competitive sources.
Hartek secures 75 MW solar project from SJVN Green
Hartek Power has secured the contract to develop, implement, and maintain a 75 MW (AC) grid-connected solar PV power plant along with a 132 kV sub-station in the Jamui district of Bihar. The project is worth INR 113 crore.
Sterling & Wilson Renewable Energy selects Nextracker for around 2 GW of solar projects in India
Nextracker will supply its NX Horizon bifacial trackers for 1.5 GW DC and 375 MW DC projects at NTPC Renewable Energy Ltd’s solar park in Khavda, Gujarat. These projects are being executed by Sterling & Wilson Renewable Energy on EPC basis.
Mahindra Susten wins 300 MW in SJVN’s 1.5 GW solar auction
Mahindra Susten will develop the project on a build-own-operate basis and supply power to SJVN under a 25-year power purchase agreement.
The effect of extreme dust conditions on PV system performance
Scientists in Romania have found that extreme dust conditions may cause losses of 45.35% and 38.14% in maximum power and short-circuit current under outdoor conditions for different kinds of solar modules. They warned that, if the effects of climate change escalate, resulting in less rainfall and more frequent sandstorm events originating from the Saharan region, extreme scenarios are very likely to occur in Europe.
Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
India has installed more than 180 GW of renewable energy capacity as of Dec. 31
India has installed 180,796.35 MW of renewable energy capacity as of Dec. 31, 2023, including 73,318.49 MW (around 41%) from solar power projects.
SJVN allocates 1.5 GW of solar at $0.030/kWh
JSW Neo Energy secured the biggest slice of 700 MW. Other winners include BluPine Energy and Mahindra arm Furies Solren (300 MW each), GRT Jewellers (150 MW), and NTPC Renewable Energy (50 MW).
Avaada Energy wins over 1.4 GWp of solar projects across India
Avaada Energy, an arm of Avaada Group, announced today it has secured around 1.4 GWp of solar energy projects in recent auctions by central and state government agencies in India.
Global solar corporate funding up 42% in 2023
Investors and developers raised more than $34.3 billion in 160 deals last year, according to a new report by Mercom Capital.
