Kosol Energie buys 850 MW PV module production line from SC Solar
The Indian solar manufacturer is expanding its annual PV module production capacity to 1.1 GW with the installation of a new 850 MW line from SC Solar. It plans a cumulative PV module capacity of 1.9 GW by the end of the current fiscal with the commissioning of a second 850 MW line.
‘Least-cost’ model for compressed air energy storage
Stanford University researchers have created a model to assess how much compressed air storage capacity might be needed for the deep decarbonization of power systems, while compensating for the variability of wind and solar-based power systems. They applied the model to California’s energy system and found that compressed air could be very competitive on a dollars-per-kilowatt-hour basis.
Dutch city installs solar footpath
Hungary’s Platio has inaugurated a solar footpath in the Dutch city of Groningen. The installation consists of 2,544 monocrystalline Patio solar pavers with a 21.8% efficiency rating. It will generate 55,000 kWh of electricity per year and can purportedly withstand a pressure of 2 tons without microcracks.
Vedanta arm to source 105 MW hybrid renewable power for its aluminum operations
Vedanta arm Bharat Aluminium Co. Ltd (BALCO) and Serentica Renewables India have signed a power delivery agreement for 105 MW of hybrid renewable power.
Grew wins 2 GW wafer-to-module capacity under PLI Scheme
Ahmedabad-based Grew Energy will receive incentives of INR 566.71 crore for 2 GW of integrated wafer-cell-module manufacturing.
Avaada Energy secures 421 MW (DC) solar project
Avaada has won a 421 MW (DC) solar project at a tariff of INR 2.70 ($0.03)/kWh. The project, connected to the inter-state transmission system, will supply power to Damodar Valley Corp. (DVC).
Bangladesh needs up to $1.71 billion annually till 2041 for 40% renewable energy capacity
A new report says the time is ripe for Bangladesh to increase renewable energy-based generation capacity to reduce costly fossil-fuel imports and drive down subsidy burdens on the power sector. It finds the nation would need to consistently invest $1.53 billion to $1.71 billion annually until 2041 to build a 40% renewable energy capacity of the electricity demand of 61,866 MW in 2041.
Vibrant Energy secures INR 2,200 crore for 300 MW wind-solar hybrid projects
Vibrant Energy has secured over INR 2,200 crore ($268.55 million) from Power Finance Corp. (PFC) to build 300 MW (AC) of wind-solar projects in Madhya Pradesh and Karnataka.
Waaree Renewable Technologies secures 221.8 MW DC solar EPC contract
Waaree Renewable Technologies has secured a 221.8 MW DC solar project from a steel manufacturing company. It will execute the project on a turnkey basis.
India to tender 50 GW of renewable energy capacity annually for next five years
The structured bidding trajectory will provide sufficient time to renewable energy developers to plan their finances, develop business plans and manage the supply chain more efficiently, said power minister R.K. Singh.
