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adani-solar,-smart-power-india-to-jointly-promote-solar-rooftop-panels-in-rural-areas
March 5, 2022
Source: Energy World

adani-solar,-smart-power-india-to-jointly-promote-solar-rooftop-panels-in-rural-areas

The MoU aims to achieve 5 MW of solar deployment in rural and peri-urban areas of Uttar Pradesh, Bihar, Jharkhand and Odisha

PM Modi to address 'Energy for sustainable growth' webinar tomorrow
March 4, 2022
Source: Energy World

PM Modi to address 'Energy for sustainable growth' webinar tomorrow

Prime Minister Narendra Modi will address a webinar on March 4 on the theme of "Energy for Sustainable Growth", which will see the participation of sectoral groups from the Ministries of Power.

India to create $20 billion renewable energy market opportunity annually: Rajnath Ram, Niti Aayog
Feb. 19, 2022
Source: Energy World

India to create $20 billion renewable energy market opportunity annually: Rajnath Ram, Niti Aayog

India has used only 1.3 per cent of the total carbon space for 2 Degree Centigrade warming scenario, he said.

Oz government looks to drive cost of green hydrogen down with fresh solar funding
Jan. 10, 2022
Source: Upstream

Oz government looks to drive cost of green hydrogen down with fresh solar funding

The Australian government has unveiled fresh funding to drive down the cost of solar technology as part of a wider goal of getting the cost of production of green hydrogen below A$2 (US$1.44) per kilogram. The government’s independently run Australian Renewable Energy Agency (Arena) announced up to A$40 million in funding to support research and development into lowering the cost of solar photovoltaics. Arena said the funding would be directed towards projects that are aligned with the agency’s Solar 30 30 30 goal — targeting 30% module efficiency and reducing the total cost of construction of utility scale solar farms to 30 cents per installed watt by 2030.

Pondicherry University saves Rs 1 crore per annum on power after installing solar plant
Jan. 5, 2022
Source: Energy World

Pondicherry University saves Rs 1 crore per annum on power after installing solar plant

Pondicherry University saves more than Rs one crore per annum on electricity bills after the commissioning of solar power plants with a total capacity of 2.4MW at a cost of Rs 13 crore.

In rural Karnataka, businesses powered by solar energy clean up
Sept. 20, 2021
Source: Livemint

In rural Karnataka, businesses powered by solar energy clean up

Kumar disconnects the device from the machine to demonstrate how they used to spin ropes manually. Suddenly, clanking sounds echo through a yard that had been so quiet you could hear the bulbuls chirp on the moringa tree there. Earlier, he explains, one person would have to keep spinning a wheel behind the machine; today the solar-powered small motor does the job. Work that would require at least 10 hours of hard labour from a minimum of three individuals is now done by two persons in a little more than half the time.

Solar power boost to Andhra Pradesh’s farming sector
Sept. 17, 2021

Solar power boost to Andhra Pradesh’s farming sector

In a big boost to the state’s energy sector, the Solar Energy Corporation of India has come forward to supply about 9,000 mw to meet the demand of agriculture pumpsets. SECI has promised to supply power at Rs 2.49 per unit, the lowest rate in the country. The state government had recently floated tenders to set up 6,400 mw plants for the agriculture sector. However, the finalisation of bids was delayed due to a pending litigation in the high court. The SECI offer comes at a time when the state government was contemplating to finalise the bids after getting the clearance from the high court. The state government has already identified the land to set up the mega solar parks. The SECI, however, wants the state government to purchase power from the plants to be launched by the agency. The government is expected to take a call on the issue soon.

Arcadia Raises $100M Series D to Democratize Access to Clean Energy
Sept. 16, 2021
Source: Business Wire

Arcadia Raises $100M Series D to Democratize Access to Clean Energy

The climate-crisis-fighting technology company unlocking nationwide access to energy data and renewables, today announced a $100 million Series D funding round led by Tiger Global Management and the Drawdown Fund with participation from new investors Wellington Management, Reimagined Ventures (the family office of Alec Litowitz, founder of Magnetar Capital), Camber Creek, MCJ Collective, and existing investors Energy Impact Partners, G2 Venture Partners, Inclusive Capital, and BoxGroup. Combined with the Company’s previously undisclosed $21 million Series C-1 in December 2020, Arcadia has now raised $180 million in total funding.

Solar energy can account for 40% of U.S. electricity by 2035 -DOE
Sept. 9, 2021
Source: Reuters

Solar energy can account for 40% of U.S. electricity by 2035 -DOE

The Biden administration on Wednesday released a report showing the United States can get 40% of its electricity from solar energy by 2035, a significant jump. The Solar Futures Study outlines how solar energy can help decarbonize the U.S. power grid and help achieve a Biden administration goal of net zero emissions in the electricity sector by 2035. “The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process,” Secretary of Energy Jennifer Granholm said in a statement.

Nepra orders inclusion of hydropower in renewable energy category
Sept. 6, 2021
Source: Dawn

Nepra orders inclusion of hydropower in renewable energy category

In a letter to managing director of the National Transmission & Despatch Company (NTDC), managing director of the Private Power & Infrastructure Board (PPIB) and chief executive officer of the Alternative Energy Development Board (ARDB), the regulator recalled that last year it had asked for inclusion of “hydropower in the scope and definition of renewable energy in various energy policies, rules and regulations”. “Furthermore, it was desired to make necessary amendments in all relevant documents and include hydropower in the scope of upcoming ARE (Alternate and Renewable Energy) Policy 2019,” said the letter. It said Nepra Chairman Tauseef H. Farooqi raised the issue at various forums and, therefore, a report on the latest status regarding regulator’s advisory issued in June 2020 be submitted at the earliest.

Timken Shines in Fast-Growing Solar Energy Sector
Aug. 31, 2021
Source: MDM

Timken Shines in Fast-Growing Solar Energy Sector

The Timken Co. (NYSE: TKR), North Canton, Ohio, said Monday that its decision to enter into the solar energy industry in 2018 has paid off as its solar energy revenue is expected to grow at a double-digit rate over the next three-to -five years. Bearings manufacturer Timken entered the solar energy market with its acquisition of Cone Drive in the third quarter of 2018. Under the auspices of Timken, Cone Drive has continued to build momentum with solar energy original equipment manufacturers (OEMs). Cone Drive has tripled its solar revenue in the past three years, which Timken said outpaced “underlying market growth by a significant margin.”

Verizon’s $2B Green Bonds Power Renewable Energy Projects
Aug. 27, 2021
Source: SDX Central

Verizon’s $2B Green Bonds Power Renewable Energy Projects

Verizon has now allocated nearly $2 billion in green bonds, making it the only U.S. telecom operator to fully issue and allocate two green bonds. Green bonds are a way for enterprises to earmark funds for projects that positively impact the environment. The carrier issued its first green bond for $1 billion in 2019. Those funds were fully allocated in 2020 for renewable energy, green buildings, biodiversity, and conservation efforts. Verizon’s second green bond was issued last September, and its $994 million in net proceeds has been fully allocated toward virtual power purchase agreements (VPPAs) for renewable energy projects. In total, these projects are capable of generating a gigawatt (GW) of renewable energy across seven U.S. states — Illinois, Indiana, Iowa, Maryland, North Carolina, Ohio, and Pennsylvania. Solar energy will make up 83% of the renewable energy generating capacity, and wind energy will account for the remaining 17%.

Renewable energy sector set to add 65 GW over four to five years: ICRARenewable energy sector set to add 65 GW over four to five years: ICRA
Aug. 26, 2021
Source: Business Line

Renewable energy sector set to add 65 GW over four to five years: ICRARenewable energy sector set to add 65 GW over four to five years: ICRA

The country’s renewable sector is poised to add about 65 gigawatts capacity over the next four to five years supported by strong project pipeline and government’s policy backing. The renewable energy (RE) sector is likely to see an investment of about ₹2.5 lakh crore to ₹3 lakh crore over the next few years, according to ICRA assessment. Impacted by two Covid waves, the renewable sector is likely to see installation of about 11 GW this fiscal. The economics of battery storage has become a key monitorable for the sector. The key challenges constraining the growth remain on the execution front, mainly associated with land and transmission infrastructure as well as the slow but improving progress in signing of power purchase agreements and power sale agreements by intermediate procurers with State distribution utilities.

Tata Power Renewable Energy commissions 150 MW solar project in Rajasthan
Aug. 25, 2021
Source: Business Today

Tata Power Renewable Energy commissions 150 MW solar project in Rajasthan

Tata Power arm Tata Power Renewable Energy Limited (TPREL) has commissioned a 150 MW Solar Power project in Rajasthan’s Loharki village. With the latest installation in Rajasthan, the total renewables installed capacity of Tata Power will be 2,947 MW (2,015 MW of solar and 932 MW of wind). Tata Power also has 1,084 MW of renewable projects under implementation. This project, spread across 756 acres of land, is expected to generate over 350 million units per annum. This installation is likely to reduce 3.34 lakh tons of carbon emission every year. Around 6.5 lakh modules, 48 inverters, 720 km of DC cable and 550 manpower have been utilised to ensure smooth processing of this installation, as per the official release.

Himachal Pradesh lights up rocky villages with solar power
Aug. 23, 2021

Himachal Pradesh lights up rocky villages with solar power

Remote rocky villages of Himachal Pradesh, where snowfall often damages electricity transmission lines for days and breathing kerosene fumes is the only option, are coming out of darkness with the government installing solar lights for individuals and community places. Also it is providing solar-run pump sets, cookers and lamps across the hydropower surplus state. Ram Singh, a villager in the remote Pangi Valley, told IANS over the phone that they had been literally living in darkness every winter. "As electricity remains snapped for days or even weeks with the onset of heavy snowfall, the kerosene lamps are the only option for every villager," he said.

Alpine solar project to help fill Swiss winter energy gaps
Aug. 23, 2021

Alpine solar project to help fill Swiss winter energy gaps

At a dam 2,500 metres (8,200 ft) high in the Alps, construction has begun on Switzerland's largest alpine solar plant aimed at helping the small country secure renewable energy throughout the year. The 2.2 megawatt solar plant project, which developers Swiss energy group Axpo and partner IWB have said makes more environmental than financial sense, is part of Swiss plans to plug the gap left by the phase-out of nuclear energy while also aiming to reach net zero in greenhouse gas emissions by 2050. "We have a boom mainly in solar (panel installations) for small houses but not much else here in Switzerland," Christian Heierli, project leader at Axpo, told Reuters in an interview.

Israel gets 11 bids for solar-powered electricity plant
Aug. 20, 2021

Israel gets 11 bids for solar-powered electricity plant

Israel has received 11 bids to finance, build and operate a 300 megawatt solar-powered electricity generation plant and storage farm in the southern part of the country, the Finance Ministry said on Thursday. The project planned for the city of Dimona will be a public-private one and, according to the ministry, will be the largest solar power plant in Israel and one of the largest in the world. The selected developer will be responsible for planning, financing, building and operating the solar power plant, it added.

Solar coalition: Chinese firms ‘gravely’ imperil U.S. clean energy
Aug. 20, 2021
Source: E&E News

Solar coalition: Chinese firms ‘gravely’ imperil U.S. clean energy

A newly formed coalition of solar companies is warning that "exploitative" Chinese trade practices could endanger U.S. clean energy goals, raising alarm bells among industry advocates even as the Biden administration has pledged to boost solar power. On Monday, a group of solar manufacturers known as the American Solar Manufacturers Against Chinese Circumvention (A-SMACC) asked the Biden administration to slap fresh tariffs on Chinese-linked solar imports routed through three Southeast Asian countries. In petitions filed with the Department of Commerce, the coalition alleged that Chinese companies have been setting up shop in Malaysia, Vietnam and Thailand to avoid paying U.S. tariffs. It said allowing the practice to continue would cede "monopoly control" of the industry to China, leaving the administration’s zero-carbon electricity goals "gravely imperiled."

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