India remains world’s most attractive solar market
India has retained its crown as the most attractive market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index.
Global rooftop PV additions soar by 50% to 118 GW in 2022
The world installed 239 GW of new solar capacity in 2022, according to SolarPower Europe. The rooftop PV segment accounted for 49.5% of additions – the highest share in the past three years. The rooftop sectors in Brazil, Italy, and Spain grew by 193%, 127%, and 105%, respectively.
PPA prices falling across Europe, says Pexapark
Pexapark says power purchase agreement (PPA) prices are falling in Europe, with prices in Spain and Portugal down by 6.4% and 6.2% to €40.90 ($43.99)/MWh and €39.60/MWh, respectively.
Form Energy to deploy 100-hour iron-air battery system in US
US utility Georgia Power has more than 850 MW of active energy storage projects under development or in operation across its service territory.
Amp Energy India receives $250 million from SMBC, ICG, and AIIB
Indian developer Amp Energy has secured up to $250 million in growth capital from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China’s Asian Infrastructure Investment Bank (AIIB).
Govt puts pumped storage on fast track
The Central Electricity Authority recently approved a 1.35 GW pumped storage project in Andhra Pradesh in a record time of 70 days.
Dubai’s tender for 6th phase of giant solar park attracts lowest bid of $0.0162154/kWh
DEWA said it will announce the preferred bidder for the 1,800 MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in the third quarter of this year.
Green hydrogen: A key enabler for a sustainable future
Green hydrogen holds the potential to decarbonize critical sectors and provide clean energy solutions. However, it accounts for less than 1% of global hydrogen production. Targeted interventions are required to facilitate a smooth transition toward a green hydrogen economy.
Open-access solar installations up 68% in Q1 2023
India added 518 MW of new open-access solar capacity in the Jan.-March period of 2023, compared to 308 MW installed in the previous three months.
IH2A submits plan for $5 billion national green hydrogen hubs by 2030
Industry body India Hydrogen Alliance has submitted a plan to the government to build five large national green hydrogen corporations with a collective enterprise value of $5 billion by 2030. The plan shows public finance support, in the form of CAPEX and offtake incentives for National Green H2 Hubs, is crucial for creating financially viable green hydrogen infrastructure, especially in the initial 2024-30 period.
