WoodMac predicts 30% drop in Asia-Pacific front-of-meter battery costs by 2025
A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.
The market for off-grid solar refrigeration
Standalone solar-powered refrigerators present a $20 billion opportunity in India for vaccine storage, milk chillers, households, micro enterprises, and cold storage for farm produce, according to a new report by Gogla.
Battery startup Gegadyne Energy raises INR 33.4 crore from V-Guard
The Mumbai-based battery startup develops advanced nano-material composites to enable quick-charging batteries for electric vehicle (EV), industrial storage, and consumer electronics space.
Cabinet approves India, Uzbekistan MoU on solar energy and storage
The Cabinet has approved the Memorandum of Understanding between the National Institute of Solar Energy, under India’s Ministry of New and Renewable Energy, and Uzbekistan’s International Solar Energy Institute for cooperation in the field of solar energy and storage technologies.
Adani Green Energy commissions 150 MW solar power plant in Gujarat
The 150 MW solar plant in Kutchh is Adani Green Energy’s third PV commissioning within a month. Its other two solar capacities that became operational since December end include 100 MW at Khirsara, Gujarat, and 25 MW at Chitrakoot in Uttar Pradesh.
IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
Hartek Solar commissions rooftop PV project for a hospital
The EPC firm has synced the solar plant with a smart grid-interactive inverter system, which will enable the hospital to run its medical emergency services and diagnostic facilities without any glitches.
BEL tenders for 2.86 MW of polycrystalline solar modules
Manufacturers have until January 28 to bid for supplying the modules to solar projects in the Akola and Amravati districts of Maharashtra.
Floating solar plant operational at Cochin Airport
The 452 kWp array features 1,300 photovoltaic panels across an acre of water split between two artificial lakes at the airport golf course.
Madhya Pradesh to have 4.45 GW of new solar park capacity within three years
The State, which is home to 750 MW Rewa Solar Park, has a cumulative 4,450 MW of new solar park capacity under construction in Agar, Shajapur, Neemuch, Chhatarpur, Omkareshwar and Morena districts.
