India

PV module prices in India have increased by ~ 38% in the last 20 months, in part due to provide chain disruptions and also increasing solar demand, with rates not expected to drop till completion of following year.

A consortium led by exclusive equity giant BlackRock Real Assets has gotten a 10.53% stake in Tata Power Renewables with a INR4,000 crore (US$ 525 million) financial investment.

GRIDCO will certainly obtain 200 MW of solar energy on a price of Rs 2.50 Kwh The procurement period begins with the financial year 2024-25 for 25 years.

Century Plyboard Industries Limited, a leading plyboard manufacturer has actually selected GoodWe's HT-250KW inverters for its solar plant at the manufacturing site in Hoshiarpur, Punjab. The inverters perseverance a 2.8 MW capacity plant that will offer the needs of the manufacturing facility.

Major capacity enhancements in Asia's non-hydropower renewables sector will facilitate the area's capability to provide electricity in the middle of rising power intake needs, which look set to exceed all various other areas as economic situations continue to expand after the easing of COVID-19 limitations, according to a Fitch Solutions' report.

The impact of solar source variability on numerous key global PV markets consisting of India, Australia as well as The United States And Canada has actually been exposed by a decade of evaluation from solar irradiance working as a consultant Solargis that illustrates "significant deviations from long-lasting standards".

Japanese conglomerate Mitsui & Co. has actually bought a 1,300 MW wind-plus-solar-plus-storage project development in India.

Tata Power Solar has actually commissioned a 160MW solar project in the north-western Indian state of Rajasthan as it continues its PV roll-out across the nation.

Tata Power subsidiary Tata Power Renewables Energy (TPREL) has actually commissioned a 300MW solar project in Gujarat, India which it declared was India's biggest single-axis solar tracker system.

The state-of-the-art facility is one of ABB's biggest worldwide, and acts as the foundation for innovation developments to accelerate innovation, a firm statement stated.

India's Torrent Power Ltd (BOM:532779) has actually shut the purchase of a special objective vehicle (SPV) that holds a 50-MW solar power plant in the state of Maharashtra in an offer worth INR 3 billion (USD 39.4 m/EUR 35.7 m).

Vikram Solar has actually filed draft papers for its initial public offering (IPO) as it seeks to raise funds for a 2GW integrated cell as well as module factory in India.

Steel supplier ArcelorMittal has actually partnered with Indian renewable company Greenko Group to develop a 975MW 'round the clock' wind and solar project in India.

With a PV panel surface area of 309.83 sq. m, the solar tree is formally accredited by Guinness World Records (GWR) as the biggest solar tree worldwide.

In a substantial ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state circulation utilities (Discoms) must pay renewable business the terms they agreed to when they authorized power acquisition agreements (PPAs) within 6 weeks.