Adani Solar, Roofsol partner on retail distribution in Maharashtra
Adani Solar, which has 3.5 GW of PV cell and module production capacity, has selected Roofsol Energy as a partner for the retail distribution of its solar panels in Maharashtra.
Adani Enterprises, Israel Innovation Authority sign agreement to develop cutting-edge tech solutions
Adani has partnered with Israel Innovation Authority to leverage the broad Israeli technology ecosystem for its diverse businesses in renewable energy, logistics, and more. The partnership provides Israeli companies a unique opportunity to codevelop, pilot, and scale up innovative technologies by utilizing Adani’s extensive industrial asset base.
Gensol to make affordable personal mobility and cargo electric vehicles
The Ahmedabad-headquartered renewable energy solution provider will establish a plant in Pune, Maharashtra, to produce personal mobility and cargo electric vehicles priced at INR 5-6 lac ($6,292-$7,550). Production will likely start in October.
Global energy storage deployment may hit 500 GW by 2031
Wood Mackenzie said it expects the United States and China to represent 75% of global energy storage demand in a highly consolidated market.
US to extend Investment Tax Credit for solar at 30% to 2032
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
TERI, REMC sign MoU on renewables
Under the agreement, The Energy and Resources Institute (TERI) will provide research and technical know-how to support Indian Railways in its renewable energy and energy-efficiency projects.
India’s solar report card for FY 2021-22
India installed 12.3 GW of solar in the twelve months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal.
The PV industry needs 12 times more polysilicon production capacity by 2050
New research from the University of New South Wales (UNSW) predicts cumulative polysilicon demand of 46-87 Mt will be required to achieve 63.4 TW of PV installed by 2050.
The long read: Putting solar capital to work
Venture capital investment in solar and energy storage companies in sub-Saharan Africa brings with it considerable risk, but also holds the promise of making an outsized impact in delivering clean energy access. KawiSafi Ventures Managing Director Amar Inamdar says that venture capital investment in frontier markets will be a key part of the “capital stack” required to pursue the joint goals of leapfrogging fossil fuel energy development in the continent and lighting up African lives.
Reliance, Ola, Rajesh Exports sign agreement to make batteries under PLI Scheme
The three companies will receive incentives under the government’s production-linked incentives scheme for battery storage. The scheme has an overall budgetary outlay of INR 18,100 crore (around US$ 2,284 million).
