Torrent Power secures LoI for 1.5 GW pumped hydro storage capacity
Torrent Power will provide 1.5 GW of energy storage capacity to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for a period of 40 years. The capacity will be made available from Torrent’s upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra.
RE+ 2024: Key takeaways on the U.S. solar industry
The 4.9 earthquake that shook Anaheim on the last day of RE+ 2024 did little to rattle the enthusiasm seen and felt at the largest energy conference in North America.
Huawei unveils world’s largest microgrid
China’s Huawei has built a 400 MW/1.3 GWh solar-plus-storage off-grid facility in Red Sea New City, Saudi Arabia.
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.
