Uttar Pradesh targets 30,000 solar pump installations under PM KUSUM this fiscal
The state and the central government will provide cumulative financial support of INR 434 crore ($52.2 million) for the installation of 30,000 solar pumps across the state.
Benchmarks for solar energy data, methods
The lower the uncertainty in solar resource data, the lower the investment costs. IEA PVPS Task 16 has organized and published two benchmarks to make uncertainty of models and data comparable – a first important step. The benchmarks included modeled solar resource data and methods to fill gaps in measurements.
TotalEnergies to invest $300 million in new joint venture with Adani Green Energy
Adani Green Energy Ltd and French company TotalEnergies have agreed to create a new 50:50 joint venture (JV) with a 1,050 MW portfolio of solar and wind assets. TotalEnergies will make an equity investment of $300 million in the JV.
SJVN to get PFC loan for 70% of over $14.2 billion renewables, thermal projects
SJVN is setting up renewable energy, thermal power and other projects at a total cost of about INR 118,826 crore ($14,276 million). The MoU with PFC will allow it term loan financial assistance at around 70% of the project cost.
Crisil to acquire Bridge To India Energy
The acquisition will enhance Crisil’s positioning in consulting services for the renewables and new energy sector.
Fossil share in Rajasthan’s power mix drops to 50% as solar and wind surge
In Rajasthan, power generation from renewable energy sources (solar, wind, nuclear, hydro, and bioenergy) is now on par with fossil fuel-based generation.
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.
