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Markets & Policy

New global solar installations to hit 413 GW this year, says BloombergNEF

BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.

The Hydrogen Stream: Odisha approves four green hydrogen, ammonia projects worth INR 45,865 crore

The state government of Odisha has approved green hydrogen and green ammonia projects of Welspun New Energy, Sembcorp Green Hydrogen, and ReNew E-Fuels.

Japan’s 18th solar auction concludes with lowest bid of $0.053/kWh

Japan’s latest procurement exercise was open to PV projects above 250 kW in size. The lowest price came in at JPY 7.94 ($0.053)/kWh, with 105 MW of allocated capacity.

Adani Total Gas launches green hydrogen blending pilot in Ahmedabad

Adani Total Gas Ltd will blend green hydrogen with natural gas for over 4,000 home and commercial piped natural gas (PNG) customers during the pilot phase. The project will assess the viability of green hydrogen as an alternative energy source for city gas distribution (CGD) consumers.

AmpIn Energy to build 1.3 GW solar cell, module factory in Odisha

AmpIn Energy Transition plans to invest INR 3,100 crore ($372 million) in setting up about 600 MW+ of renewable energy projects in Eastern India and an integrated 1.3 GW solar cells and modules manufacturing facility in Odisha state of the region. 

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India added 8.5 GW of solar in first nine months of 2023

India’s solar installations for the Jan-Sept period in 2023 stood at 8.5 GW, 25% less year-on-year. The nation is expected to install an overall 11 GW in the current calendar year.   

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Israel to build energy communities in villages destroyed by Hamas

Israel’s Ministry of Energy and Infrastructure says it is currently developing a multi-year program for communities attacked by Hamas on Oct. 7. It aims to deploy 5 GW of energy in the destroyed areas, once residents return.

Germany’s January-October solar capacity additions hit 11.7 GW

Germany installed 11.7 GW of new solar capacity between January and October 2023, with 1.23 GW added in October alone, bringing the nation’s cumulative installed solar capacity to 79.2 GW.

KEC secures transmission line orders in Middle East, Europe

KEC International Ltd has secured orders for 220 and 400 kV overhead transmission lines in the Middle East, and 110 kV transmission lines in Europe.

IREDA IPO opens for subscription

Indian Renewable Energy Development Agency Ltd is looking to raise up to INR 2,150.21 crore from its initial public offering (IPO) of 671,941,177 equity shares.

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