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France

Edelweiss Infrastructure acquires 74% stake in Engie’s India solar assets

The Mumbai-based investor has concluded acquiring a controlling stake in Engie’s 813 MWp operating solar capacity in India. It will also acquire 2 GW of solar assets to be developed by the French energy major over the next couple of years. 

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Cabinet approves India, France MoU on renewable energy

The Memorandum of Understanding entails joint research and development projects in solar, wind, hydrogen and biomass energy.

Total to acquire 20% stake in Adani Green Energy

The French oil and gas giant already owns half the stake in the Indian developer’s 2.3 GW operational solar assets in India through a joint venture.

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India ranked the world’s most attractive solar PV market by Ernst & Young

The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.

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Cooling down PV panels with water

France’s Sunbooster has developed a technology to cool down solar modules when their ambient temperature exceeds 25 degrees Celsius. The solution features a set of pipes that spread a thin film of water onto the glass surface of the panels in rooftop PV systems and ground-mounted plants. The cooling systems collect the water from rainwater tanks and then recycle, filter and store it again. The company claims the technology can facilitate an annual increase in power generation of between 8% and 12%.

Decoding the Adani-Total solar deal

While the stake sale in solar portfolio will allow Adani to carry out its contracted pipeline efficiently, it could also mean commercial & industrial (C&I) rooftop as a growth opportunity for both the companies—according to Wood Mackenzie analysts.

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Total to buy 50% stake in Adani Group’s 2.1 GW solar portfolio

The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MWac operating solar power projects owned by Adani Green Energy Limited.

Technique Solaire commissions its second photovoltaic power plant in India

The first Indian power plant, with a capacity of 5.5 MWp, was inaugurated in 2017 in the state of Uttarakhand. With the just commissioned photovoltaic power plant of 27 MWp, the developer claims to offer the lowest price of solar electricity in the Indian state of Maharashtra.

‘India will add 14 GW of solar this year’

The annual global outlook report for solar published by IHS Markit notes there was no real uptick in the amount of new capacity added last year, compared with the returns seen in 2018. That is likely to kill any hope India has of overtaking the U.S. as the world’s second biggest solar market in 2020.

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Distributed storage market to grow nearly twentyfold by 2028

Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions, including India, for now.

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