Renewable energy MoU with Saudi Arabia gets cabinet nod
Project development and value chain localization are the focus areas for cooperation between the two countries.
TBEA’s new 2 GW factory in India to produce string and central inverters
pv magazine recently attended the opening ceremony of TBEA’s GW-class new energy equipment manufacturing base in Bangalore–the city that also hosted the recent Intersolar India exhibition and conference in the same week as TBEA’s inauguration ceremony.
AIIB approves US$65 million for Hero Future’s 250 MW solar project
The project—located in Jodhpur district of Rajasthan—is being developed by the Indian developer’s special purpose vehicle Clean Solar Power (Jodhpur).
Nuanced renewables need novel risk solutions: India Ratings
While stress in the renewable sector can only be averted if long-term viability of the project is intact, prevention of default due to issues temporary in nature is also the need of the hour—says a report by the ratings agency.
Time has come for battery swapping
Battery swapping is the ultimate expression of a sharing economy in which assets are shared to facilitate business operations—says E-Chargeup Solutions, which recently launched a battery swapping station for e-rickshaws in Noida city of Uttar Pradesh.
Amp Energy installs 8.5 MWp rooftop solar plant for Skoda Auto
Touted to be one of India’s largest rooftop installations, the captive plant uses 25,770 photovoltaic panels covering 63,000 sq.m of available roof space and producing 12.2 million KWh of electricity annually.
Fourth Partner Energy secures US$ 50 million loan from Bank of America
The revolving credit facility will help the Hyderabad headquartered distributed solar developer finance new projects as it looks to add about 250 MW of capacity this year.
100% renewables means 95% less water consumption for conventional power generation
According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just 1 MWh of output; for wind, this percentage ranges from 0.1% to 14%. Under the researchers’ best policy scenario, water consumption could be reduced by 75.1% by 2030, compared to 2015 levels.
Government committed to de-risking renewable energy investments: MNRE Secretary
The minister’s statement comes at a time when analysts fear that potential disregard of past contractual agreements in Andhra Pradesh, along with the regular curtailment of renewable energy facilities and delayed payments to developers, may drive foreign investors away from India’s renewable energy sector.
India’s electric vehicle market will grow annually at 36% till 2026: IESA
Electric vehicle (EV) battery market will grow annually at 30%, growing almost six times to 28 GWh from 4.75 GWh in 2018. The EV infrastructure will grow at double the pace (60% annually), reaching 50,000 units from less than a thousand in 2018.
