India can leverage its solar and storage edge to avoid power shortages
Large-scale solar + storage deployment is the main option left to avoid power shortages, as they can be deployed much faster than new thermal and hydro assets. Recent gigawatt-scale solar + storage auction results, with a record low price of INR 3.4/kWh, show that such deployment will be highly economical, says a new study from the University of California’s India Energy and Climate Center.
Waaree Renewable Q1 profit up 209% YoY
Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported a revenue of INR 236.35 crore and net profit of INR 28.16 crore for the first quarter of FY 2024-25.
Future-proofing utilities: Strategies for navigating technological disruption in India
The adoption of smart technologies is reshaping the utilities industry, with a particular focus on smart grids. Smart grids leverage advanced sensors, Internet of Things (IoT) devices, and real-time data analytics to transform how electricity is generated, distributed, and consumed.
Reactive power management key to advancing grid stability
In its latest monthly column for pv magazine, IEA-PVPS provides a comprehensive overview of the state-of-the-art practices, best practices, and recommendations for managing reactive power amidst the growing integration of distributed energy resources (DERs). The article describes the regulatory frameworks and practical applications, underscoring the essential role of reactive power management in maintaining a stable and efficient power grid.
Vedanta Nico secures supply deal with US-based nickel-zinc battery developer
Vedanta Nico will be the preferred nickel supplier to US-based battery innovator Aesir Tech to develop nickel-zinc batteries for electric vehicles.
BluPine Energy secures $28.6 million for solar project in Chhattisgarh
BluPine Energy has secured $28.6 million from a Tata Capital led banking consortium to finance its 75 MWp solar project in the Indian state of Chhattisgarh.
REC posts its highest Q1 profit of INR 3,442 crore
REC has reported total income of INR 13,037 crore and net profit of INR 3,442 crore for April-May-June quarter of FY 2024-25.
SAEL issues $305 million in green bonds
The solar and waste-to-energy company intends to use the proceeds to refinance its existing debt and fund capex of future renewable projects.
WoodMac says global solar tracker shipments grew by 28% in 2023
Global tracker shipments reached 92 GWdc last year, according to WoodMackenzies’ latest report. The US accounted for the majority of the global market, with three US-based manufacturers, Nextracker, Array Technologies and GameChange Solar, ranking as the three largest shippers in the world.
China’s solar dominance not an issue
In a new monthly column for pv magazine, the International Solar Energy Society (ISES) explains why potential trade disruptions in the global PV supply chain are substantially different from those related to coal, oil and gas.
