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India has released new draft guidelines for the bidding process under its Wind-Solar Hybrid Policy, which includes e-reverse auctions and allows for the addition of energy storage capacity.

In a significant searching for, the report adds that 15 nations are approximated to go across 500 MW of cumulative floating PV setups by 2031. These consist of China, India, Indonesia, South Korea, and Vietnam in the leading five.

Sembcorp clinches a 300-MW wind and solar project in India, boosting its renewable capacity to 5.4 GW—an exciting leap towards sustainable energy innovation!

India's sustainable capacity currently stands at 109.9 GW as of completion of March, with solar accounting for 53.4 GW (47%), while one more 72GW of solar is either in the pipeline or at the bidding phase, according to JMK Research.

Brookfield Asset Management shines bright in India with a 550-MWp solar park project in Rajasthan, backed by USD 105 million funding from the International Finance Corporation.

Waaree Renewable Technologies secures a INR 5.48bn contract for a 335 MW solar project, adding to their impressive unexecuted order book of 1.16 GW.

PM Modi and Chancellor Scholz signed a joint declaration whereby the two countries will form an Indo-German partnership for green and lasting development. Both nations will additionally establish an Indo-German Renewable Energy Partnership

At New Delhi’s REconnect Summit, policymakers and developers spotlight solar-plus-storage as essential to India’s 2030 renewables push and grid reliability.

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.

India aims to boost domestic solar cell production, reducing reliance on China. With import restrictions and tax measures, the country plans to reach 30GW capacity by 2025.

India's cumulative mounted sustainable generation capacity reached 125.2 GW at the end of March 2023, with over half of it originating from the solar market, which is forecast to add some 18 GW during the current year, JMK Research says in a new report.

Adani Green Energy Ltd. has achieved a milestone with an 8GW green power project portfolio, securing buyers for the entire capacity over 25 years. Stimulated by post-pandemic recovery, extreme weather and heightened electricity demand, Adani Green is geared up to invest $22 billion to expand capacity to 45GW by 2030.

SolarPower Europe has actually launched the India edition: Operation & Maintenance Best Practice Guidelines.

ADB provides loan to India's Fourth Partner Energy to fund 25-MW solar park, increasing innovative renewable energy production to 50.7 GW/yr & reducing CO2 emissions by 41,700 tonnes/yr. India's open access renewable energy policy encourages international financing for decarbonisation.

Ciel & Terre has successfully completed the design, float supply, supervision of a 14.7 MW floating solar plant for SPIC in Tamil Nadu