World Bank to support efficient, clean cooling in developing countries
By 2050, energy use for cooling is projected to triple. Also by 2050, demand for cooling in countries such as India, China, Brazil, and Indonesia will grow fivefold, putting pressure on already strained energy systems and hampering efforts to curb climate change.
Proposals invited for joint Indo-Swedish R&D on renewables, energy storage
The Department of Science & Technology (DST), Government of India, and Swedish Governmental Agency for Innovation Systems (Vinnova) have created funding mechanisms through which companies may seek support for joint R&D projects. The projects should aim to develop renewable, energy storage and waste management technologies that can be commercialized over two years through joint cooperation between India and Sweden.
India will add 144 GW renewables by 2022, exceed 275 GW by 2027: IEEFA
Given the existing trajectory of wind, solar and other renewable sources, India will reach 144 GW renewable energy capacity by FY2021-22—not far from the aspirational 175 GW target set back in 2015. This places India on track for exceeding its 275 GW target in 2027.
India could add 7-7.5 GW solar capacity this fiscal, predicts ICRA
The solar capacity addition of 7-7.5 GW in FY2019-20 will be 15% higher than a subdued 6-6.5 GW in FY 2018-19. Of the total, 1 GW would come through open access/group captive route and grid-connected rooftop.
Waaree Energies eyes 15% of off-grid solar inverter market
The EPC contractor and solar PV module manufacturer aims to capture over 15% of India’s Rs 600 crore off-grid solar inverter market by 2022, thus becoming one of the largest solar inverter players in the segment.
Bid submission deadline extended for 1.2GW hybrid and 200MW solar projects
The Solar Energy Corporation (SECI) has pushed back the bid submission deadline for ISTS-connected 1.2 GW wind-solar hybrid projects by two weeks. On the other hand, the revised deadline for 200 MW grid-connected solar PV power capacity in Uttarakhand is now April 30.
CleanMax Solar raises Rs 275 crore from Macquarie-managed UK Climate Investments
The Mumbai-based commercial solar player—which aims to more than double its customer base from 120 corporates to 300 by 2022—will use the amount to support its expansion of renewable energy portfolio from 500 MW to 2 GW in the next three years.
Maldives — a sinking paradise with solar ambitions
In September 1988, the United Nations spelt doom for the Maldives when the organization predicted that a gradual rise in average sea levels would leave the Indian Ocean nation of 1,196 small islands completely covered by water within 30 years.
SECI tenders 100 MW grid-connected solar capacity in Telangana
The Solar Energy Corporation of India (SECI) has invited bids for setting up of 100 MW (AC) grid-interactive solar PV power plants at the premises of state-owned coal mining company Singareni Collieries Company Limited (SCCL) in the state of Telangana. The project would be awarded through reverse auction. The deadline for bid submission is June 7.
The prospects for solar after the Assembly elections
Narendra Modi’s BJP party is seeking re-election with the aim of ensuring the electrification of all railways by 2022 and turning renewable energy into a popular movement with steps including an emphasis on solar farming. Even if the elections spring a surprise, however, the renewable momentum is unlikely to slow as no government can afford to roll back the clean power tide.
