Markets & Policy

With that, the nation surpassed a cumulative 5GW of “open-access” solar generation capacity by the end of December.

In the matter of power purchase agreement (PPA) tariff renegotiation, the high court of Andhra Pradesh has directed the state discoms to honor the PPA terms and clear the pending payments to solar and wind power developers within six weeks from the date of the order. The incremental impact on power purchase cost for the AP discoms is estimated at about INR 10,500 crore, due to the build-up of dues arising out of the difference between the PPA rate and interim rate over the last three-year period.

The Delhi discom has partnered with battery-as-a-service provider Battery Smart to set up battery swap stations for electric two- and three-wheelers across North Delhi.

Delhi-based SolarArise India Projects, an investee company of ThomasLloyd, owns seven solar power projects with a cumulative capacity of 434MW in India.

Trade body the Ukrainian Association of Renewable Energy says more than 70% of the nation’s solar fields are either in, or near regions which have been affected by the fighting.

The present system of the energy sector is centralized due to which the prosumer’s and consumers’ direct connection is yet to be formed. It’s due to persisting challenges like transaction efficiency, security and data transparency in the Indian energy market. The blockchain is a data-driven technology that helps create a very transparent process in data sharing among the peers involved in the system and sort out the challenges persisting in the energy market.

The Indian multinational business conglomerate has signed the agreement to buy Netherlands-headquartered lithium iron phosphate (LFP) battery specialist Lithium Werks for US$ 61 million, including funding for future growth.

The Chinese solar inverter manufacturer, which established its factory in India in 2018, has expanded the India fab capacity to 10GW/annum to serve different customer segments, including residential, commercial & industrial, and utility-scale—both locally and globally. 

The European Commission yesterday announced its intent to remove demand for two-thirds of its Russian gas supply in less than nine months and hugely accelerating the rate of solar deployment is a central part of its radically raised clean energy ambition.

The nation’s cumulative rooftop solar installations surpassed 7GW on December 31, 2021. Gujarat leads with the most installed rooftop solar capacity to date among all States and union territories.