Waaree starts solar module production at its USA facility
Waaree Solar Americas has started trial production of PV modules at its facility in Texas. The facility is set to fully commission its Phase-1 manufacturing capacity of 1.6 GW in the next few months.
How microgrids with energy storage empower remote communities
Battery energy storage systems significantly improve the reliability of microgrid power supply, offering a dependable source of electricity for critical services like healthcare facilities and schools.
India’s solar PV cell manufacturing capacity to reach 60 GW by FY 2027
India’s solar cell manufacturing capacity will reach 60 GW by FY 2027 from 8 GW as of March 31, 2024. The resultant capacity growth will make India a surplus market, given the annual module requirement of 40-50 GW, necessitating that the domestic players tap the export markets.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
Acme Solar commissions 1,483 MWp in Rajasthan
Acme Solar has switched on four co-located solar projects aggregating to 1,023 MW AC (1,483 MWp) in Rajasthan. The capacity, connected to the interstate transmission system, constitutes 85% of the overall 1.2 GW project that benefits from a 25-year power purchase agreement (PPA) with SECI at a tariff of INR 2.44/kWh.
Avaada Energy wins 200 MW (DC) solar project from GUVNL
Avaada Energy will develop a 200 MW (DC) solar plant for power supply to Gujarat Urja Vikas Nigam Ltd at a tariff of INR. 2.75 per kWh.
NTPC Renewable switches on 30 MW solar in Gujarat
The newly commissioned capacity is part of NTPC Renewable Energy’s 150 MW solar project across Limbdi, Mesanka and Radhanpur
India to mandate energy storage for solar, wind projects
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
ALMM cell mandate will drive up capital cost for solar developers, says Crisil report
The prices of domestically manufactured solar cells are 1.5-2 times more than alternatives from China even after basic customs duty. Such high prices can drive up the capital cost of solar power projects by INR 5-10 million/MW and, in turn, tariffs by 40-50 paise per kWh, says CRISIL Market Intelligence and Analytics.
Coal India Ltd launches 1 GW solar EPC tender
Coal India Ltd has invited EPC bids for its 1 GW solar power project planned in Rajya Vidyut Utpadan Nigam Ltd’s solar park in Rajasthan. Bidding closes on Jan. 2.
