Markets & Policy

Indian Renewable Energy Development Agency Ltd (IREDA) and India Infrastructure Finance Co. Ltd (IIFCL) will engage in co-lending and loan syndication for all categories of renewable energy projects.

The global flow battery market will expand from $289 million in 2023 to $805 million by 2028, driven by increasing investments in renewable energy and flow batteries’ advantages over conventional products. 

The city will meet 10% of its electricity requirements from solar power in four years.

Andhra Pradesh requires an estimated $10-15 billion to achieve 500 ktpa green hydrogen capacity by 2030. Around 70% of this investment will be needed to create renewable energy infrastructure such as solar and wind power generation plants, with the balance for electrolyzer capacity additions.

Bila Solar – a Singapore-based developer of glassless, frameless PV modules – has announced plans to invest about $35 million to renovate a factory in Indianapolis, Indiana.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

The International Renewable Energy Agency (IRENA) says that PV, onshore wind, concentrated solar power (CSP), bioenergy, and geothermal energy experienced substantial reductions in their levelized cost of electricity (LCOE) in 2022.

NTPC and Oil India Ltd have signed a Memorandum of Understanding to explore collaboration in renewable energy, green hydrogen and other areas as they eye increased footprint in the renewable energy domain.

Despite major roadblocks, rooftop solar capacity additions in the country are growing fast, with nearly 2 GW already added in the four months ending July 31, 2023.

The nation has reached a cumulative installed rooftop solar capacity of 9.6 GW as of June 30, 2023.