Gayatri Projects completes sale of power assets to Singapore-based Sembcorp
The company sold its 5.95% stake in Sembcorp Energy India—held through subsidiary Gayatri Energy Ventures—for Rs 4067.70 million.
Emissions, EVs and renewable energy: Reflections and outlook for India
India, one of the most diversified energy markets in the world, has recently become the lowest-cost producer of solar power. This reflects a steady and encouraging shift toward renewable power—a shift that’s in line with the targets set by the government. At the Climate Action Summit that was held earlier this year, Prime Minister Narendra […]
Maximizing the potential of PV irrigation in Spain’s ‘Sea of Plastic’
Spanish researchers have developed an analytical model to optimize the operation of PV water pumping systems. They say simultaneously irrigating different parts of a farm could help minimize costs and maximize energy use. The model was tested on an olive farm divided into four zones in the Spanish province of Almería.
Solar set for boom after a gloomy 2019
Solar installations in year 2020 are set to exceed 10 GW after a year hit by political uncertainties, module price increases associated with safeguard duty and a fewer number of awarded tenders. The outlook for battery energy storage installations for solar projects, however, is bleak as such combinations in India can cost 3-5 times more in 2020 than standalone renewable projects.
Renewable energy MoU with Saudi Arabia gets cabinet nod
Project development and value chain localization are the focus areas for cooperation between the two countries.
TBEA’s new 2 GW factory in India to produce string and central inverters
pv magazine recently attended the opening ceremony of TBEA’s GW-class new energy equipment manufacturing base in Bangalore–the city that also hosted the recent Intersolar India exhibition and conference in the same week as TBEA’s inauguration ceremony.
Qatar Holding gets CCI nod to buy 25% stake in Adani Electricity Mumbai
As part of the transaction, both the parties have agreed to ensure that over 30% of the electricity supplied by Adani Electricity Mumbai Ltd will come from solar and wind power plants by the year 2023.
AIIB approves US$65 million for Hero Future’s 250 MW solar project
The project—located in Jodhpur district of Rajasthan—is being developed by the Indian developer’s special purpose vehicle Clean Solar Power (Jodhpur).
UK University to help design EV batteries for Indian climate
The university researchers will provide expertise in the operation and management of lithium-ion batteries, environmental test facilities for battery modules and advanced battery analysis techniques.
Nuanced renewables need novel risk solutions: India Ratings
While stress in the renewable sector can only be averted if long-term viability of the project is intact, prevention of default due to issues temporary in nature is also the need of the hour—says a report by the ratings agency.
