News

In the latest edition of its long-term renewable energy outlook, the International Renewable Energy Agency (IRENA) calls for at least six-fold deployment of renewables by 2050, compared to the levels set out in current plans. Investment in low-carbon technologies needs to increase by around 30% to $120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.

Azure Power, one of India’s largest independent solar power producers, has commissioned a 40 MW solar power plant in Uttar Pradesh.

Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea climbed to top of the tree in terms of cumulative capacity. Global project pipeline has soared to 10.4 GW.

Jayant Parimal, Adani Green Energy Ltd CEO, speaks to pv magazine about the recent trade conflicts India is suffering. He talked about the background of the duties, why it all became so complicated and its impacts on installation growth and manufacturing sector.

For two separate projects, Madhya Pradesh state is witnessing delaying and associated losses. In one, ReNew Power has been slapped with $1.68 million fine for delays to a 51 MW PV project, and in another case, BHEL’s proposed 10 MW solar plant obstructed by state government.

The U.S. headquartered inverter company has mentioned that the new Enphase IQ microinverter enables faster installation and reduce maintenance costs for installers. Moreover, new technology will produce 18% more power and will be 31% lighter and 15% smaller than the current M-Series microinverters.

Latest Global Solar Demand Monitor from GTM Research forecasts 6% annual increase in PV installation growth although current largest markets will register 7% contraction while geographic diversification poised to grow.

ReNew Power Ventures Pvt Ltd has expected to raise $800-900 million through the IPO, which it is planning to file in the coming two weeks. The renewable company has asked nine investment banks to manage the IPO.

A new report published by the United Nations Food and Agriculture Organization outlines the benefits of solar powered irrigation systems to both large and small scale farming operations in developing countries. The report also stresses the need for comprehensive management and regulation of such systems, to avoid unsustainable water use.

The Indian multinational EPC has this week unveiled a new global division that will focus on the development of power+storage hybrid solutions. The new unit will focus initially on lighting up remote islands and has an installation target of 1 GW.