As solar energy becomes the most cost-effective form of energy generation in many countries, with clear climate, energy, and economic benefits, its acceptance and political support are growing. To enhance resilience and sustainability, strategies that incorporate a diverse energy mix, combining centralized and distributed renewable generation, are most effective, especially in underserved nations.
Sterlite Power has completed an INR 1,600 crore Marituba Power Transmission project that is designed to deliver over 1 GW of green power to the industrial region of Belem.
EKI Energy will invest up to INR 200 crore ($25 million) as an anchor investor in the fund with a deep focus on community development projects across remote locations in India and select countries in Africa, Asia and LATAM.
NTPC, as a project management consultant to Unión Eléctrica de Cuba (UNE), has launched bids to develop 1.15 GW of grid-connected solar and 150 MW/150 MWh battery storage projects in Cuba. The prospective developer will execute the project on a ‘build-own-operate-transfer’ basis and transfer to UNE after 25 years.
The state-owned power company, a partner of the International Solar Alliance, will help the Cuban government with developer selection and the signing of project agreements and will oversee solar plant implementation up to commissioning.
The company believes introducing its ATUM solar roof (PV panels integrated on cement boards) would be a gamechanger for South Africa. The product, which can directly be used as a roof, will enable distributed microgrids in the region to address the energy requirements of the unelectrified.
The new billion-dollar investment is aimed at scaling distributed renewable energy across developing countries in Africa, Asia and Latin America.
The solar plant is the Indian multinational’s fifth win in Latin America. The EPC has a a 93.3 MW project in Argentina and is constructing three other Chilean PV plants with a total generation capacity of 588 MW.
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