Lenders choose renewables over coal for second year in a row
In year 2022, solar, wind and hybrid project finance lending amounted to INR 18,577 crore ($2.36 billion). On the other hand, like in 2021, not a single coal power plant received such funding.
TERI recommendations to accelerate pumped storage development in India
A new report by TERI recommends measures to develop large-scale pumped storage plants in India. It also traces the growth and status of pumped storage hydro plants in India and the world.
ISA announces launch of pilot project backed by Global Solar Facility
The International Solar Alliance’s Global Solar Facility (GSF) includes payment guarantee, insurance and investment fund components to catalyze solar investments in underserved geographies.
Japanese scientists develop high energy density, cobalt-free lithium-ion battery
The new cobalt-free battery yields about 60% greater energy density than conventional lithium-ion batteries for an equivalent weight and volume and sustains unprecedented 1,000 cycles.
China’s Sunpure to supply L&T with PV cleaning robots for 805 MWp solar project in Saudi Arabia
Sunpure will supply Larsen & Toubro with over 1,500 water-free cleaning robots for an 805 MWp solar project in Saudi Arabia.
Adani Green ranks among top 3 large-scale solar developers globally
Adani Green Energy Ltd (AGEL) is the world’s second-largest large-scale solar developer with a PV portfolio of 18.1 GW. It is also the only player from Asia in the global large-scale solar PV developer ranking.
The Hydrogen Stream: Rolls-Royce opts for SAF, not hydrogen in large aircraft
Rolls-Royce has told pv magazine that it prefers sustainable aviation fuels (SAF) for large commercial flights, but it continues to invest in hydrogen for mid-size aircraft in partnership with easyJet.
Adani Green secures $1.36 billion debt facility to finance Khavda RE Park
Adani Green Energy Ltd (AGEL) has secured a $1.36 billion debt facility from eight international banks in one of the largest project finance deals in Asia. It will use the funding to develop the world’s largest renewable energy park at Khavda in Gujarat.
Alpex Solar files draft papers for IPO with NSE Emerge
The solar manufacturer will utilize the net proceeds to expand its PV panel capacity from 450 MW to 1.2 GW and establish an aluminium frame manufacturing unit, besides meeting working capital expenses.
EDF, Scatec Africa win South Africa’s battery procurement auction
The South African Government’s Department of Mineral Resources and Energy announced French utility Électricité de France (EDF) will develop 257 MW of battery energy-storage systems across three projects, while South African renewable energy company Scatec Africa will develop one 103 MW project.
