ICRA maintains Stable outlook for renewable energy sector
Ratings agency ICRA has maintained a stable outlook for the renewable energy sector in India on the back of strong policy support, healthy demand prospects, superior tariff competitiveness among other positive factors.
Cleantech Solar appoints Ritesh Singhi as country manager-India
Ritesh Singhi joins Cleantech Solar from Ampin Energy Transition, where he served as chief operating officer for the commercial and industrial segment.
US solar sites linked to higher levels of insects
Scientists conducting a five-year research project in southern Minnesota have observed a tripling of insect numbers near two solar facilities built on rehabilitated agricultural land. They say the findings show how habitat-friendly solar could help protect insect populations and improve pollination in nearby agricultural fields.
Enel secures €560 million for 3 GW heterojunction panel factory in Italy
Enel has obtained €560 million ($610.2 million) for a solar module factory it is building in Catania, Sicily.
WoodMac predicts strong yet flat global PV growth through to 2032
Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.
ACME and Japan’s IHI sign pact to supply green ammonia from India to Japan
ACME Group has signed an offtake agreement with Japan’s IHI Corp. for its green ammonia project in Odisha. The pact covers the supply of 0.4 mmtpa (million metric tons per annum) of green ammonia from Phase-1 of Acme’s Gopalpur project on a long-term basis.
Govt tenders 10 GWh of battery cell manufacturing under PLI Scheme
India’s Ministry of Heavy Industries has invited global bids to set up a cumulative 10 GWh of giga-scale advanced chemistry cell (ACC) manufacturing facilities under production-linked incentives scheme. Bidding closes on April 22 and bids will be opened on April 23, 2024.
GUVNL allocates 200 MW of wind-solar projects at $0.036/kWh
Juniper Green Energy and KPI Green have emerged winners in Gujarat Urja Vikas Nigam Ltd’s tender for 500 MW of grid-connected wind-solar hybrid projects. They secured 150 MW and 50 MW capacities, respectively.
Hyundai acquires stake in German PV recyling specialist Flaxres
Flaxres says it will leverage Hyundai’s capabilities to expand its business outside of Germany. The company has developed a solar module recycling technology that is based on short-term high-temperature heating using flash lamps.
AM Green ties up with Envision Energy for wind turbines, green hydrogen
Greenko founders-owned AM Green will partner with Chinese multinational Envision Energy to manufacture wind turbines in India for green energy projects of AM Green and its customers. The two companies will also collaborate on net-zero industrial parks and green hydrogen projects in India and globally.
