Azure Power appoints new CEO
NYSE-listed Azure Power has appointed IndiGrid’s Harsh Shah as its new chief executive officer. Shah succeeds Ranjit Gupta, who left Azure Power after contributing to the company’s growth for three years.
The long read: Sky-scraping solar
As people have gradually migrated to the world’s cities, urban areas have migrated upward to scrape the sky. And yet, while one of the first principles of power generation is to generate as close as possible to the point of consumption, energy systems have long been designed to deliver electricity to major cities from distant hubs. But now, thanks to recent advances in solar panel energy density and building-integrated PV, vertical cities could soon be standing tall under their own power.
Webdyn India crosses 4.2 GW mark, Fimer supplies inverters for solar-plus-storage project
Webdyn’s Indian unit has supplied remote monitoring tech and hybrid power management solutions for 4.2 GW of solar plants since 2015, while Italian inverter maker Fimer has supplied its 1 MVA inverters for a new integrated solar-plus-storage project in Gujarat.
Indian solar market leaders in 2021
ReNew Power was the top utility-scale solar developer in 2021, commissioning the largest amount of capacity. Tata Power Solar led in rooftop solar installations, accounting for 20% of total annual additions.
Waaree supplies 45 MW of PV modules to KPI Global
Mumbai-headquartered Waaree has supplied its 335 Wp polysilicon modules to Gujarat-based developer KPI Global Infrastructure, for projects in Bharuch district, Gujarat.
India to lead new energy wave
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) tracks key trends at major companies across India’s power sector value chain. It finds the nation is poised to lead the clean energy wave, with investors committing in response to the bold policies that are enabling the transition.
Ayana Renewable, Greenstat Hydrogen to launch green hydrogen pilot in Karnataka
Ayana Renewable Power and Greenstat Hydrogen India have signed an agreement to jointly develop green hydrogen projects in India. The first one will be launched in Karnataka.
Shell to acquire Sprng Energy
Shell has signed the agreement to acquire Solenergi Power, an Actis company owning 100% of Indian developer Sprng Energy. The transaction, valued at $1.55 billion, is expected to close later this year.
Energy Vault, NTPC sign MoU for gravity-based energy storage
Switzerland’s Energy Vault will support India’s state-run power producer NTPC in energy transition by deploying its gravity-based energy storage technology and software solutions.
CubicPV, Waaree sign five-year deal for annual solar cell supply of 1 GW
USA-headquartered CubicPV will supply, per annum, 1 GW of Direct Wafer silicon solar cells to Indian manufacturer Waaree Energies under a five-year contract. The cells will be supplied from its upcoming 2 GW factory in India.
