REC raises about INR 3,500 crore via Japanese Yen-denominated green bonds
Proceeds from the issue of the bonds will be applied to finance the eligible green projects.
Solar energy’s vital role in climate change mitigation
With solar taking a more significant portion of the energy and power mix, climate change can be significantly mitigated. Coal, for instance, is one of the dirtiest fuels, but makes up 70% of India’s power generation.
Indian Railways tenders 695 MW of round-the-clock power from renewable hybrids
REMC Ltd, on behalf of the Ministry of Railways, has invited bids to supply 695 MW (500 MW + 195 MW) of round-the-clock (RTC) power from renewable energy projects, complemented with power from other sources or storage. Bidding closes on Feb. 14.
Acculon launches production of sodium-ion battery modules, packs
US-based Acculon Energy has announced series production of its sodium-ion battery modules and packs for mobility and stationary energy storage applications. Scaled production of 2 GWh is scheduled to start in mid-2024.
Analysts expect more than 50 GW of new US solar in 2024
The US Energy Information Administration (EIA) says that about 45 GW of solar projects above 1 MW (AC) in size will be installed in 2024, while Wood Mackenzie estimates 8 GW of small-scale solar.
Grew Energy to invest INR 3,800 crore for 2.8 GW solar cell, wafer unit in Gujarat
Grew Energy has signed a memorandum of understanding worth INR 3,800 crore for setting up a 2.8 GW solar cell and wafer factory in Gujarat. Under the MoU, the state government of Gujarat will facilitate permissions and clearances for Grew’s manufacturing unit.
First Solar opens manufacturing plant in India
India’s first fully vertically integrated solar manufacturing plant will produce First Solar’s Series 7 solar PV modules developed at the company’s research centers in the U.S. The facility employs 1,000 workers.
Engie commits INR 17,200 crore investment in Gujarat
Engie will invest INR 17,200 crore towards the development of 2.5 GW of renewable energy projects by 2030 in Gujarat. It will also collaborate with the Gujarat government for decarbonization initiatives in the state.
Mahindra Susten receives ‘Water Positive Certification’ for operating solar portfolio
As per TUV India’s evaluation, Mahindra Susten’s operating renewable energy portfolio of more than 1.5 GW commands a score of 15 (Positive) on the Water Footprint Index implying that water recharged is 15 times over what was consumed.
Huasun’s 700W+ HJT solar modules receive BIS certification
Huasun’s Himalaya G12-132 HJT solar module provides a power output of 750 W and a conversion efficiency of 24.16%.
