Gautam Solar to set up 2 GW PV cell manufacturing facility
Gautam Solar plans to establish a 2 GW PV cell manufacturing plant with an estimated investment of INR 1,000 crore.
Sunsure Energy, REC sign MoU for INR 10,000 crore to develop green energy projects
REC has agreed to provide INR 10,000 crore in debt funding to support Sunsure Energy in the development of 3 GW of solar, wind, hybrid, and battery energy storage projects.
Tata Power Renewable Energy secures 400 MW hybrid wind, solar project from MSEDCL
Tata Power Renewable Energy Ltd has secured a Letter of Award to develop a 400 MW wind-solar hybrid project for power supply to the Maharashtra State Electricity Distribution Co. Ltd. The project includes original contracted capacity of 200 MW along with the greenshoe option for an additional 200 MW capacity.
Jindal India Renewable Energy enters battery storage systems, targets 5 GWh cell capacity by 2027
Jindal India Renewable Energy plans to build 1 GWh battery pack assembly line by 2025. It aims to become an end-to-end player in energy storage systems with 5 GWh cell capacity by 2027.
Hindalco mulling solar panel manufacturing
Hindalco, a mining and metals arm of Aditya Birla Group, plans solar panel manufacturing leveraging its capabilities in metal production. The company has reportedly identified Mundra (Gujarat) as the location for its manufacturing facility.
Innovation driving change in solar tracker market
Shipment volumes are growing in the global solar tracker market as innovation in project development drives demand. Joe Steveni, of S&P Global Commodity Insights, takes a look at the factors shaping the commercial landscape for trackers, from agrivoltaics and undulating terrain to Indian ambition and the United States’ Inflation Reduction Act.
End of the line for a U.S. solar giant
SunPower, one of the largest, oldest, and most influential solar businesses in the United States, has closed its doors. Residential solar installers in the United States have struggled as interest rates have risen and cash generation has emerged as an issue.
The Hydrogen Stream: India’s Uttar Pradesh receives INR 1.15 lakh crore investment proposals from 17 firms for green hydrogen production
The state government of Uttar Pradesh has received investment proposals amounting to close to INR 1.15 lakh crore from 17 different entities for producing green hydrogen/green ammonia
Using surplus PV power for seasonal underground thermal storage
Scientists have proposed a new system that uses surplus PV energy in the spring and the autumn to charge up underground thermal energy storage for later use in the summer and winter. They have simulated it on a school facility in Seoul, with a few optional configurations for thermal storage. Power savings were up to 39%.
REC to provide $280 million for Hygenco green ammonia project
Hygenco has entered into a memorandum of understanding (MoU) with REC Ltd for $280 million to finance its green
ammonia project in Gopalpur, Odisha.
