Coal power plants to thrive at 65% PLF despite surge in renewables
Strong operating cash flows will support credit profiles of private coal-based plants.
Asia leads the global race in renewables with investments rising at 23% annually
Asia’s wind and solar capacity has expanded exponentially at 35% per year since 2015, outpacing RE growth rate in other continents like Europe and North America.
Gensol, Matrix partnership wins EPC for NHPC’s green hydrogen mobility station in Kargil
Gensol Engineering will develop a grid-connected, ground-mounted solar plant to supply power to the hydrogen refueling station. Matrix Gas & Renewables Ltd will oversee the engineering, procurement, and commissioning of electrolysers.
Malaysia launches 30 MW floating solar tender
Kuala Lumpur-based utility Tenaga Nasional Berhad (TNB) has started accepting applications for the development of a 30 MW (AC) floating PV plant at a reservoir in eastern Malaysia.
Websol’s 600 MW solar cell line to start production in January
Websol Energy Systems is setting up a 600 MW mono PERC solar cell line and plans to scale it to 1.8 GW in the future. It said the new line will start production in January next year.
Sri Lanka launches 70 MW ground-mounted solar auction
Sri Lanka’s government-owned Ceylon Electricity Board (CEB) is inviting applications for the development of 1 MW to 5 MW ground-mounted solar projects – totaling 70 MW – with 20-year power purchase agreements (PPA).
Adani Electricity powered Mumbai with 100% renewables on Diwali
Adani Electricity Mumbai Ltd met the electricity needs of its customers in Mumbai entirely from renewable sources, including solar and wind, for an uninterrupted four hours on Diwali.
Uttar Pradesh to invite bids for 7 GW of solar power projects
The state will launch a tender for 4 GW of solar projects soon, with an additional 3 GW to be auctioned subsequently.
India’s solar installations surpass 72 GW
India has installed an overall 72,018 MW of solar capacity as of Oct. 31, 2023. Grid-connected solar rooftops account for 15.38% of the cumulative installations.
Genus Power’s order book exceeds INR 19,000 crore
The company expects a steady and significant increase in order volumes in the upcoming months of the fiscal year 2024 as numerous state electricity boards have commenced the bidding process to procure smart meters.
