India to emerge as global renewable energy powerhouse, says power minister
The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.
Brookfield, Reliance Industries sign MoU for solar panel, battery storage production in Australia
Brookfield and Reliance have signed a memorandum of understanding to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.
Algeria’s Sonelgaz reveals prequalified bidders for 2 GW solar tender
Sonelgaz, Algeria’s state-owned utility, is seeking proposals to build 15 solar plants in 11 locations. The projects will range in size from 80 MW to 220 MW.
Aerocompact releases ‘universal’ mounting system for pitched roofs
Aerocompact, an Austrian manufacturer, has unveiled a ‘universal’ mounting system for pitched roofs that reduces assembly times by up to 40%. It features colored cover plates in red, brown, or anthracite.
Adani Green profit surges 51% YoY in Q1 FY 2024
Adani Green Energy recorded a consolidated net profit of INR 323 crore ($39.3 million) for the April-May-June period of 2023.
NTPC profit surges 9.39% YoY in first quarter
The state-owned power generator reported a net profit (profit after tax) of INR 4,066 crore ($494.34 million) in the April-May-June period of FY 2023-24.
Rays Power signs 283 MWp solar EPC contract with Serentica Renewables
Rays Power Infra has secured the engineering, procurement, and construction contract for a 283 MW DC solar PV project in Karnataka.
The Hydrogen Stream: Germany to use hydrogen ‘in all sectors’
The German authorities have announced plans to double domestic electrolysis capacity to 10 GW by 2030, BloombergNEF has reported that green hydrogen became competitive with gray hydrogen earlier than expected, and Chinese researchers have presented new research on microbial hydrogen production.
Adani New Industries raises $394 million from Barclays, Deutsche Bank
Adani New Industries Ltd has raised a trade finance facility of $394 million from Barclays and Deutsche Bank, securing the working capital requirements of its integrated solar module fab.
India’s installed solar power capacity surpasses 70 GW
The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.
