Marico now meets 67% of its energy requirement through renewable sources
The FMCG major aims to achieve net-zero operational emissions in India (across owned manufacturing units) by 2030 and in global operations by 2040.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Reliance Power wins 930 MW solar with 465 MW/1,860 MWh battery storage in SECI auction
Reliance Power’s arm Reliance NU Suntech will develop the solar PV project with battery energy storage system on a build-own-operate basis. The project will supply power under a 25-year power purchase agreement with Solar Energy Corp. of India.
Combining floating PV with compressed air energy storage
Researchers from Egypt and the UK developed a new floating PV system concept that utilizes compressed air for energy storage. The system has a roundtrip efficiency of 34.1% and an exergy efficiency of 41%.
Mahindra Susten closes INR 1,448 crore financing for 560 MWp of solar projects
Mahindra Susten has secured a Rupee term loan of INR 1,448 crore from HDFC Bank and Axis Bank for 560 MWp of solar power projects being developed in Gujarat and Rajasthan.
Husk Power launches ‘minigrid in a box’ solution
With its containerized solution Prism, Husk Power Systems is now able to deploy minigrids at a rate of one per day with the same resources.
INOXGFL Group enters solar manufacturing
INOX Solar, an INOXGFL Group promoter-owned company, targets initial manufacturing capacities of 5 GW of solar modules and 2.5 GW of solar cells by 2026. It will also offer solar project EPC and O&M services through group companies. The strategic foray into solar will complement INOXGFL’s wind business, making it a complete renewable energy solution business.
Improving solar cell efficiency with upconversion nanoparticles
An international research group has developed a light upconversion system that can reportedly improve crystalline silicon solar cell efficiency by up to 0.87%. The technology consists of multilayer nanoparticles that act as near-infrared absorbers across different spectral ranges.
Sinovoltaics updates battery energy storage system financial stability ranking
The latest financial stability ranking keeps Tesla, Mustang Battery, Kung Long Batteries, Hyundai Electric and Eaton, in the top five spots in a report that includes 55 manufacturers.
Reliance Power sets up renewables arm
Reliance Power has set up a new subsidiary, Reliance Nu Energies, for renewable energy business. Mayank Bansal and Rakesh Swaroop, who previously worked with ReNew Power, join Reliance Nu Energies as chief executive officer and chief operating officer, respectively.
