Delta Electronics explores India’s renewable energy landscape from lithium batteries to green hydrogen
Delta Electronics, which has been present in India for the last 20 years, recently launched its containerized data center solution in the country. With all subsystems such as UPS, power distribution, battery, cooling, and racks well integrated, this plug-and-play solution ensures rapid deployment for edge computing applications in the IoT world. On the occasion, pv magazine spoke to Rajesh Kaushal, vice president of Delta Electronics India, about their containerized data center solution, lithium-ion battery and solar inverter business, and future plans for India.
U.S. solar up 52% in 2023 as nation deploys 35.3 GW of capacity
Bloomberg NEF says U.S. clean energy generation grew by 0.9%, with wind and hydro generation falling and solar generation growing 15.4%.
Matrix Gas & Renewables raises INR 350 crore in pre-IPO round
Matrix Gas & Renewables stated the capital raise will accelerate its green hydrogen production projects and hydrogen electrolyzer manufacturing plant, in addition to advancing the company’s growth in the gas aggregation business.
Onix Renewable to launch IPO by the end of 2024
Onix Renewable said it intends to use the proceeds from the issue to finance its renewable power projects and scale up solar module production capacity to 1.2 GW.
Prime Minister Narendra Modi lays foundation stone for 22 MWp floating solar plant in Himachal Pradesh
The 22 MWp floating solar project will be developed by SJVN with Hartek Solar as the engineering, procurement and construction (EPC) service provider.
BluPine Energy acquires 369 MW of solar assets from Acme Group
BluPine Energy has acquired Acme Group’s 369 MW of solar power assets in Uttarakhand, Punjab, and Karnataka.
Utility-scale PV cheapest power source in Asia Pacific, says WoodMac
Wood Mackenzie says the levelized cost of electricity (LCOE) in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.
Cabinet approves scheme for installing rooftop solar in ten million households
The residential rooftop solar scheme provides a central financial assistance (CFA) of 60% of the system cost for 2 kW systems and 40% of the additional system cost for systems between 2 to 3 kW capacity. The CFA will be capped at 3 kW. At current benchmark prices, this will mean INR 30,000 subsidy for 1 kW system, INR 60,000 for 2 kW systems, and INR 78,000 for 3 kW systems or higher.
Fitch assigns Adani Green’s proposed USD notes ‘BBB- (EXP)’ rating with Stable outlook
Fitch Ratings has assigned Adani Green Energy Ltd Restricted Group 1’s proposed $409 million senior secured notes due 2042 an expected rating of ‘BBB-(EXP)’ with a stable outlook.
The rise of green finance: Financing the future of renewable energy in India
India has witnessed a surge in solar and wind energy projects, backed by investments from both domestic and international sources. Green finance plays a pivotal role in funding these projects.
