India needs $385 billion investment to meet its renewable energy target: Moody’s
India needs $190 billion to $215 billion for renewables capacity addition and another $150 billion to $170 billion for transmission and distribution in order to meet its RE target of 500 GW by 2030.
Vikram Solar modules top performer for seventh time in PVEL testing
Vikram Solar’s Paradea 108/120/144 half-cut cell modules were recognized as top performers in PVEL testing.
Advait Infratech to expand electrolyzer production capacity to 200 MW per year by 2025
Currently, Advait Infratech’s electrolyzer plant, located in Kadi, Gujarat, has a manufacturing capacity of 120 MW per year.
PVEL releases tenth edition of ‘PV Module Reliability Scorecard’
The independent test lab Kiwa PVEL names 53 manufacturers and 388 models–a record number of Top Performers in the ten-year history of the Scorecard.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
ITRPV says solar module prices fell 50% in 2023
The new edition of the International Technology Roadmap for Photovoltaic (ITRPV), published this week, reveals that the world’s installed PV capacity reached 1.6 TW at the end of last year. The learning curve, which reflects average module prices relative to cumulative shipments, is 24.9% for the period from 1976 to 2023.
BNEF Summit highlights sluggish trading of low-carbon hydrogen, derivatives
Analysts at the recent BNEF Summit in Munich discussed delays for hydrogen adoption in European countries, noting that locations are crucial for predicting which hydrogen production plans will proceed. Projects in areas with high amounts of renewables have an advantage.
72% of solar PV modules enlisted in the latest ALMM list are of high-efficiency technologies
Out of the 861 solar PV modules currently enlisted in ALMM, the majority (around 72%) are from high-efficiency technologies. With a 49% share, mono PERC is the most dominant module type in ALMM. Encouragingly, emerging PV module technologies such as n-type TOPCon, Bifacial n-type TOPCon, and Bifacial Mono PERC also account for a significant share of around 22.5%.
Siegwerk inaugurates solar plant for consumption by its Bhiwadi printing ink facility
The solar plant, located in Jaisalmer, is expected to generate 2,028,000 kWh of electricity per year, significantly contributing to Siegwerk’s renewable energy targets.
Panasonic partners Aerem to provide financing to its solar customers
Panasonic Life Solutions India has partnered with Aerem Solutions to facilitate financial assistance for its solar customers in the residential and commercial & industrial (C&I) sectors.
