Renewable energy project acquisitions jumped by more than 300% in value terms in 2021
The growth in acquisitions was supported by conducive global financial conditions and accommodative monetary policy maintained by the Reserve Bank of India.
How round-the-clock renewables point to optimum use of energy generation and infrastructure
Amid the troubles of the coal-dominated grid, variable renewable energy has a place in ensuring reliable supply
Tata Power wins 300 MW hybrid wind-solar project
TP Saurya Ltd, an arm of Tata Power, has secured a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to build 300 MW of hybrid wind-solar capacity.
NTPC awards India’s first green hydrogen microgrid project
The project would be a test case to assess the potential of solar-powered hydrogen to displace costly and polluting diesel-based energy generation systems in far-off regions of the country like Ladakh and Jammu & Kashmir.
Electrolyzer ramping from 0 to 50,000 amperes in less than 10 seconds
Developed by Canada-based Hydrogen Optimized, the electrolyzer can be used to stabilize electrical grids and optimize energy recovery from intermittent renewable power sources such as solar and wind. Furthermore, this week four more big international partnerships for developing green hydrogen were announced across Germany, the Middle East, and Australia.
German PV equipment providers keep recovering, but uncertainties remain
German engineering association the VDMA has reported increasing orders and sales for PV equipment suppliers in the third quarter. China accounted for around 80% of PV production equipment demand during the period.
US-based DroneBase acquires solar analytics firm AirProbe
With the acquisition, DroneBase adds AirProbe’s market-leading artificial intelligence solution for aerial solar inspections and proprietary data analytics and expands its reach to India, Asia, and Europe markets.
Microgrids make sense for Indian cities
Microgrids that use on-site renewables such as rooftop solar can help relieve peak demand on the grid during afternoons, and later in the evenings through battery storage. This can help power distribution companies (discoms) avoid buying expensive power to meet peak demand.
Rays Power Infra to build 500 MW solar park in Rajasthan
The engineering, procurement and construction company has signed a Memorandum of Understanding (MoU) with the Rajasthan government to build a solar park for generating 500 MW of green electricity in the State.
Solar remains energy of choice for lenders
In 2020, 74% of the value of the energy project loans (US$4,435 million) went to renewables (solar and wind) and 26% to coal. Solar PV accounted for 81% of renewable energy deals and 57% of all deals.
