Markets & Policy

The debt funding from REC will support Serentica in developing its 560 MW of wind and solar capacities in the state of Karnataka.

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.

Tesla has submitted a proposal to the Indian government to set up a battery storage factory in India as the company looks to develop Powerwall business in the nation.

The European Solar Manufacturing Council (ESMC) is urging the European Union to adopt legislation against forced labor in the PV industry, by explicitly calling for measures to prevent solar products produced with forced labor from entering the European market.

Tata Power Renewable Energy Ltd (TPREL) and Dugar Power have partnered to deploy a range of on- and off-grid solar energy solutions in Nepal.

The state and the central government will provide cumulative financial support of INR 434 crore ($52.2 million) for the installation of 30,000 solar pumps across the state.

The lower the uncertainty in solar resource data, the lower the investment costs. IEA PVPS Task 16 has organized and published two benchmarks to make uncertainty of models and data comparable – a first important step. The benchmarks included modeled solar resource data and methods to fill gaps in measurements.

Adani Green Energy Ltd and French company TotalEnergies have agreed to create a new 50:50 joint venture (JV) with a 1,050 MW portfolio of solar and wind assets. TotalEnergies will make an equity investment of $300 million in the JV.

SJVN is setting up renewable energy, thermal power and other projects at a total cost of about INR 118,826 crore ($14,276 million). The MoU with PFC will allow it term loan financial assistance at around 70% of the project cost.

The acquisition will enhance Crisil’s positioning in consulting services for the renewables and new energy sector.