REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
Ashok Leyland to make electric buses in Uttar Pradesh
Ashok Leyland will produce electric buses and also assemble other vehicles powered by emerging alternative fuels at its integrated greenfield plant in Uttar Pradesh.
China polysilicon prices extend gains for tenth successive week
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Dubai’s 250 MW/1,500 MWh pumped-storage project nearing completion
Dubai Electricity and Water Authority’s (DEWA) Hatta pumped-storage hydroelectric power plant is now 74% complete, and it is expected to begin operations in the first half of 2025. The facility will also store electricity from the 5 GW Mohammed bin Rashid Al Maktoum Solar Park.
India’s solar module manufacturing capacity to hit 100 GW by 2026, says MNRE Secretary
Currently, India has 28 GW of solar PV module manufacturing capacity and 6 GW of cell capacity, said Bhupinder Singh Bhalla, secretary, Ministry of New & Renewable Energy (MNRE).
PHDCCI makes recommendations for fast-tracking India’s National Green Hydrogen Mission
The PHD Chamber of Commerce and Industry (PHDCCI) has recommended nil import duty for electrolyzers until 2030 and zero goods and services tax (GST) for green hydrogen/ammonia. It has also proposed the inclusion of green hydrogen derivatives in the list of activities eligible for carbon credit trading, among other suggestions.
Serentica Renewables secures INR 2,600 crore in debt funding from PFC
The funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid wind-solar power projects in Karnataka.
Adani Group forms JV for marketing of green hydrogen in Japanese market
Adani New Industries Ltd (ANIL), an arm of Adani Group, expects to start green hydrogen production from its Gujarat facility by FY 2027.
‘We have not forgotten how China’s unfair trade practices affected our solar industry’: European Commission president
The president of the European Commission, Ursula von der Leyen, said in the 2023 State of the Union Address this week that European solar manufacturers face stiff competition from heavily subsidized Chinese rivals and noted that the bloc is launching an anti-subsidy investigation into electric vehicles from the country.
India’s solar module imports from China fell 76% YoY in H1 2023
India is seeing a large fall in solar panel imports from China as it prioritizes domestic solar manufacturing, finds a study by Ember.
