Sterling and Wilson Solar opens European headquarter in Spain
Led by Vikas Bansal, the Seville-based office will target Europe’s growing solar market in countries like Portugal, Spain, Italy and Poland.
The long read: India’s tender prices tumble, despite Discom delays
India’s state-owned electricity distribution companies (Discoms) are in dire financial straits, as they owe some $16 billion to generators, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Despite this, national PV auctions have been oversubscribed and are setting record low tariffs in the country, indicating strong interest from developers – if the Discom challenge can be overcome.
AAI, NTPC sign MoU to make airports 100% solar-powered
Initially, solar plants shall be set up at airports in Tamil Nadu and Rajasthan, which require a PV capacity of around 55 MW and 8 MW, respectively, to become 100% solar-powered.
Adani Green Energy arm commissions 50 MW solar project
The latest addition takes Adani Green Energy’s operational renewable energy capacity to 2,850 MW, including 2353 MW under a joint venture with French oil and gas major Total.
NTPC tenders for solar EPC contractors and developers
The state-run power company has invited engineering, procurement and construction services contractors and developers to bid for its solar project contracts, excluding the supply of PV modules. Applications can be submitted until November 19.
Electric vehicle adoption in India will be led by three-wheelers
Electric vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Intra-city transport buses will see 25-40% EV penetration and two-wheelers 25-35%. In four-wheeler passenger vehicles, the market will be driven by shared mobility, while just 10-15% of new car sales for personal mobility will be electric.
Green term-ahead trading records 151% growth
The Green (Renewable Energy) Term-Ahead Market traded 208 million units (MU) during October, representing a 151% growth month-on-month. Solar energy, at 173 MU, dominated the non-solar trade.
Gujarat’s transformation in electricity sector
A TERI paper details how the state’s inefficient electric utility transformed into one of India’s most high-performing electricity distribution companies. The study provides a learning opportunity to other sector stakeholders from India and overseas.
State-owned renewables funding body aims for Rs2406 crore income this year
The Indian Renewable Energy Development Agency provides loans for clean power and energy efficiency projects. Its gross income in the last fiscal year rose to INR2372 crore – around 17% growth over the previous year’s INR2022 crore.
The long read: ASEAN’s looming renewables revolution
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
