2021: A year of ascent for solar PV
The solar sector in India bounced back to make 2021 the best year in new PV capacity addition. The year also witnessed a massive response to PLI tender for solar manufacturing and launch of 50 GWh battery cell tender and green hydrogen mission.
REC signs US$ 169.5 million loan agreement with KfW for innovative solar projects
This is the fifth credit line signed between REC Limited and KfW for the financing of power sector projects and the third credit line for the financing of renewable energy projects.
Green Energy push for future sustainability in India
The core objective of renewable energy deployment in India is to promote economic growth, enhance energy security, increase energy access, and reduce climate change. Sustainable development is possible by the use of clean energy and by ensuring access to affordable and reliable energy for every citizen.
Building battery storage systems in India
Nexcharge, a joint venture of India’s largest lead-acid storage battery manufacturer, Exide Industries Limited, and Swiss Lithium-ion battery manufacturer Leclanché, has fully automated assembly lines of li-ion battery packs, modules, and cell testing labs in Gujarat. Ketan Chitnis, vice president-stationary BU, tells pv magazine the government’s PLI Scheme is a major incentive for attracting investment into Li-ion cell manufacturing.
China and India to drive record world coal demand next year
Advances in solar power and other clean energy technologies have failed to keep up with demand for electricity as economies rebound from the Covid crisis and China and India’s fossil fuel appetite will ensure the world stays well short of what is needed for a net zero 2050 for at least the next three years.
Power banking restrictions will curb open-access solar
A new report analyzes the current status of banking provisions across solar and wind energy rich states in India, along with the implications of these restrictive provisions upon the renewables sector.
Vedanta acquires nickel and cobalt producer Nicomet
The Mumbai-headquartered natural resources company has acquired Goa-based Nicomet, a producer of cobalt, nickel, and their derivates in India, as it looks to capitalize on the electric vehicles and energy storage boom.
Draft of National Green Hydrogen Mission under inter-ministerial consultations
The mission envisages commercial production of green hydrogen production in the nation from the financial year 2025-26 onwards.
Renewable energy project acquisitions jumped by more than 300% in value terms in 2021
The growth in acquisitions was supported by conducive global financial conditions and accommodative monetary policy maintained by the Reserve Bank of India.
How round-the-clock renewables point to optimum use of energy generation and infrastructure
Amid the troubles of the coal-dominated grid, variable renewable energy has a place in ensuring reliable supply
