India could cut electricity costs by about 40% with transition to fully renewables-based power system by 2050
A new study by Finland’s Lappeenranta-Lahti University of Technology (LUT) shows a 100% renewable energy-based power system is technically possible and is the least-cost option for India in 2050.
Reliance New Energy to invest in perovskite solar startup Caelux
The new energy arm of Reliance Industries has signed the agreement to acquire a 20% stake in California-based perovskite solar startup Caelux for $12 million. The investment will accelerate Caelux’ product development and commercialization.
Navitas unveils 605 W mono PERC module
The Indian solar manufacturer has unveiled Bonito Max series 605W mono PERC module featuring 156 half-cells and a 10-busbar design. The module’s power conversion efficiency is 21.64%.
Gujarat becomes the fourth state to surpass its 2022 renewables target
A new report shows Gujarat, Karnataka, Rajasthan, and Telangana have already surpassed their 2022 targets for renewable capacity installations. However, India is still 58 GW away from its 175 GW national target, with 61% of the target shortfall in just four states.
Cabinet approves second tranche of PLI Scheme for solar manufacturing
The second tranche of the production-linked incentive scheme for high-efficiency solar module manufacturing has a budgetary outlay of INR 19,500 crore.
Amazon announces 420 MW of utility-scale solar projects in India
The U.S. e-commerce group has announced three solar farms in Rajasthan with a combined capacity of 420 MW. It will also add 23 new solar rooftop projects to generate 4.09 MW of renewable energy.
Tamil Nadu could lower carbon emissions by over 36 million tonnes with 5-10% conversion to EV use
A new report says Tamil Nadu could lower carbon emissions by over 36 million tonnes if 5-10% of all two-, three- and four-wheeler vehicle sales in the state during 2022-30 are converted to electric.
Gensol commissions 6.7 MWp captive solar plant for cement manufacturer
The ground-mount solar plant will supply power to Shree Cement’s cement manufacturing facility in Panipat, Haryana
KKR, Hero Group to invest $450 million in Hero Future Energies
The investment will support Hero Future Energies in expanding its renewable energy capacity and capabilities across the solar, wind, battery storage, and green hydrogen technologies.
India’s electrolyzer manufacturing capacity will reach 8 GW per year by 2025, says Rystad
India will have six hydrogen electrolyzer gigafactories operational by 2025, aggregating to a combined annual capacity of over 8 GW.
