Avaada Energy gets LoI for 400 MW DC solar project from GUVNL
The developer won 200 MW solar capacity at a tariff of INR 2.75 ($0.034)/kWh with an additional 200 MW under green shoe option at INR 2.71 ($0.033)/kWh through competitive bidding followed by an e-reverse auction.
Adani Green ranked among top 10 RE companies globally for ESG performance
ISS ESG, the responsible investment arm of Institutional Shareholder Services, has placed Adani Green Energy Ltd (AGEL) in the ‘Prime’ B+ band for its high level of transparency
SJVN to build 5 GW of renewable energy projects in Maharashtra
The state-owned hydropower producer has signed a memorandum of understanding (MoU) with the Maharashtra State Power Generation Co. (MAHAGENCO) to develop 5 GW of renewable energy projects across hydro, pumped storage, wind, solar, hybrid, and green hydrogen technologies in Maharashtra.
Southeast Asia solar markets set for growth this year
New PV capacity additions in Southeast Asia are expected to bounce back this year for the first time since 2020, according to the Asian Photovoltaic Industry Association. The market is expected to grow by 13% in 2023, for 3.8 GW of new installations.
Reviving stranded power plants better than investing in new thermal capacity
Strategic acquisitions and subsequent revival of stranded thermal power plants will better serve India’s short-term energy security needs than investing in new ones.
India, France discuss ISA priorities for accelerating global energy transition
In a meeting with the French delegation, India’s power minister emphasized the role of insurance for renewable energy projects, payment security mechanism, and debt financing in attracting investment into renewable energy.
Faster electric car rollout in Bangladesh demands policy support
The economic burden of air pollution in Bangladesh, for which transport is one of the major reasons, calls for strong policy-level intervention to increase the adoption of electric cars.
Saatvik Green secures solar EPC contract for a cement major in Karnataka
Saatvik Green Energy has secured a complete solar EPC contract for an 8.08 MW DC (6.5 MW AC) solar power project in Karnataka.
Asia leads charge in renewable energy growth
IRENA’s report Renewable Capacity Statistics 2023 shows that in 2022, Asia accounted for nearly 60 percent of the worldwide increase in renewable energy generating capacity, resulting in a total of 1.63 Terawatt (TW) of renewable capacity by year end. A huge part of this increase occurred in China.
India remains world’s most attractive solar market
India has retained its crown as the most attractive market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index.
