“Net zero will remain only a goal unless we diversify solar supply chains and build adequate renewable energy storage”: ISA president
RK Singh, India’s power minister and president of International Solar Alliance, highlighted the need for investment and research in alternative chemistries for energy storage and in building manufacturing capacities.
Radiance Renewables secures $90 million green loan for 150 MW C&I solar project
Radiance Renewables has become the first commercial & industrial (C&I) renewable energy player in India to secure a green loan project finance facility with $90 million jointly arranged by Axis Bank and Standard Chartered Bank. It will use the funds to develop its 150 MW commercial & industrial (C&I) solar project in Maharashtra.
New US solar manufacturers likely to choose TOPCon
At the recent pv magazine RoundtablesUS 2023 event, four experts weighed in on PV module choices now and into the future, with TOPCon in the spotlight, but perovskite and tandem HJT on the not-too-distant horizon.
US, China dominate solar investment
China and the USA have been consistently attracting the most annual solar investments. Together, these have received about 50% of all solar investments since 2015, according to a new report released by the International Solar Alliance at its sixth assembly in New Delhi.
Global PV must grow to 5,400 GW by 2030 to limit global warming
The International Renewable Energy Agency said in a recent report that the scale of the energy transition needs ‘urgent’ acceleration to meet Paris Agreement climate emergency targets. Solar PV deployment, in particular, must ramp up and increase fourfold by the end of the decade.
Tata Power appoints Deepesh Nanda as president-renewables and CEO and MD of TPREL
Deepesh Nanda joins Tata Power from GE Gas Power, where he was the chief executive officer for South Asia, overseeing operations in India, Bangladesh, Sri Lanka, Mauritius, and Nepal.
India hosts sixth session of International Solar Alliance Assembly in New Delhi
The Assembly has decided to increase the viability gap funding for solar projects in member countries from 10% of the project cost to up to 35%, depending on the capacity and needs of the countries and their respective projects.
Europe to add 58 GW of solar in 2023
Europe’s solar installation levels are exceeding expectations and are on track to grow 30% this year from 2022, according to Rystad Energy.
Adani Green Energy posts INR 371 crore profit in second quarter
Indian developer Adani Green Energy Ltd reported a 53.7% year-over-year increase in consolidated total income to INR 2,589 crore ($311 million) in the second quarter (July-Sept) of FY 2024. Net profit (profit after tax) soared 150% YoY to INR 371 crore.
Gentari, Greenko founders partner on green ammonia production and export from India
Gentari and Greenko founders-owned AM Green will jointly invest in the green ammonia platform, AMG Ammonia, to produce and export green ammonia from India. Both partners bring complementary capabilities across the green hydrogen value chain, including renewable energy, electrolyzers, and ammonia production and marketing capabilities. GIC will also invest in AMG Ammonia.
