India

Module producer Vikram Solar has selected Ivan Saha as its new president (CHIEF EXECUTIVE OFFICER) to lead the company's strategic growth plans.

The World Bank has approved US$ 165 million in additional financing to support 450MW of roof solar release in India and also make dispersed generation systems in the nation a lot more economical.

India's Sanvaru is expanding its lithium battery manufacturing capacity to 400 MWh per year by establishing a new factory in the Indian state of Uttarakhand. Its devices are made use of for fixed as well as EV storage.

Unlike the 92 MW Kayamkulam floating solar plant which it displaces from the top perch, the Ramagundam plant is likely to retain its rank all through 2023, as other larger floating projects are still under implementation.

Tata Power Solar Systems Ltd on Saturday claimed it has commissioned a 101.6-MWp solar power plant, called India's biggest floating solar power project.

Tata Power Solar Systems stated it has actually commissioned India's biggest floating PV plant, a 101.6 MWp project in the southern state of Kerala.

India's biggest power producer, State-owned National Thermal Power Corporation (NTPC) has disclosed starting commercial operations on a Kayamkulam Floating Solar PV Project at Kayamkulam, Kerala. It is presently implementing the last part capacity of 35 MW out of the 92 MW project. This makes it India's largest floating solar power plant.

The globe's overall solar capacity will certainly get to 2,044 GW by 2031, with China continuing to blaze a trail in deployment, composing almost fifty percent (47%) of the world's 1,190 GW net solar capacity additions via to 2031, according to study company Fitch Solutions.

Equity returns on hybrid solar and wind projects in India could see a 17% rise in the interior price of return (IRR) by applying a few actions, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).

State-owned utility Gujarat Urja Vikas Nigam Limited (GUVNL) has opened up a 500MW tender for renewable energy coupled with energy storage space systems (ESS) to bring electrical energy to remote, off-grid villages in Gujarat, India.

ThomasLloyd Energy Impact Trust Plc (LON: TLEI) today stated it has actually consented to acquire the remaining 57% passion in Indian renewable energy platform SolarArise India Projects Pvt Ltd for USD 38.5 million (EUR 36.6 m).

This 105 MW solar project will be a grid-connected floating solar plant. The successful bidder will certainly create the floating project at Erai Dam Solar Park in the Chandrapur area of Maharashtra.

TotalEnergies is expanding its collaboration with Indian corporation Adani Group as they intend to provide the globe's biggest green hydrogen ecosystem in India.

Indian independent power manufacturer (IPP) Azure Power has made a US$ 12.9 million investment in solar maker Premier Energies while likewise locking in residential PV module supply from the business.

The Indian solar field looks set for considerable degrees of disturbances over the next 2 years, with the government's drive to develop a residential production base taking the chance of release and financial investments needing to double if it is to satisfy its climate targets, according to industry analysts.