Asia

The sodium-ion battery technology has been designed and developed by KPIT Technologies.

Since July, the solar market has seen a stark drop in module prices. Forecasts indicate a price increase in the coming months. This uncertainty has cast a shadow on the growth of renewable energy assets in India.   

Tata Power Renewable Energy Ltd will develop 200 MW and 150 MW solar projects for power supply to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The projects will be located in Maharashtra.          

Solar Energy Corp. of India Ltd has launched a tender to select developers for 1.5 GW of firm and dispatchable power from renewable power projects with energy storage systems. Bidding closes on September 15.

The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.

The State-owned oil and gas major is assessing green hydrogen production based on solar electrolysis, biomass gasification, and bio-methanation.

Juniper Green Energy has crossed 1.2 GW of renewable energy generation capacity (800 MW operating and 435 MW under construction) with power purchase agreements and letters of award secured in recent months.

Brookfield and Reliance have signed a memorandum of understanding to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.

NTPC Renewable Energy Ltd has secured the letter of award from REC Power Development and Consultancy (RECPDCL) to develop a 550 MW solar project. It won this project at a tariff of INR 2.56 ($0.031)/kWh through competitive bidding in the RECPDCL auction.

Adani Green Energy recorded a consolidated net profit of INR 323 crore ($39.3 million) for the April-May-June period of 2023.