Page 2 - Solar Energy

India's open access solar capacity grows 91% to 596 MW in Jul-Sep: Report

Installation of open access solar capacity in India increased by 91 per cent to 596 megawatt (MW) during the July-September period, according to Mercom Research India. India added 312 MW of solar open access capacity in the same period a year ago, the research firm said in a report on Thursday. Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers. In the first nine months (9M) of 2022, India added about 1.9 gigawatts (GW) of open access solar, an increase of 96 per cent from the 956 megawatts (MW) installed in January-September of 2021, the report titled 'Mercom India Solar Open Access Market Report Q3 2022' said. According to the report, as of September 2022, the total installed solar capacity in the open access segment was over 7 GW, and the pipeline of projects under development and pre-construction phase is over 5 GW. "The demand by corporates for solar under the open access route has been

India's electricity shortage erased by growth of renewable energy: Analysis

There was no repeat of the widespread blackouts which plagued many parts of India in late September and early October last year when coal-fired power plants ran short of fuel

Indian govt wants solar manufacturers to bid for $2.4 billion in aid

The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency's website

Aim to source 70% power requirement from solar energy in FY24: ABD

Allied Blenders and Distillers (ABD) on Wednesday said it plans to source 70 per cent of its power consumption from solar energy in the next financial year. In FY22, ABD's units consumed approximately 27 lakh units of electricity from local electricity boards. "Allied Blenders and Distillers (ABD) Ltd, India's largest domestic alcobev company, announced that it is aiming to replace 70 per cent of the power with renewable solar power in the next financial year (FY'24)," a company statement said. To achieve, this ABD is installing solar power plants in seven of its units. Total installed capacity of these plants will be 1,400 KW. Environmental, Social and Governance (ESG) is to take steps to make a difference for the business and the world. The Government of India and respective states are taking several initiatives for cleaner energy and this initiative addresses a similar thinking, it added. Shekhar Ramamurthy, Executive Deputy Chairman, ABD, said, "We have instilled ESG at the he

NaBFID likely to make first fund commitment this financial year, says MD

It is looking at projects in transmission, energy, solar power and roads; is also eyeing a retail bond issuance

Gujarat's Modhera becomes India's first 'net-zero' energy community

Currently, nearly 1,380 households in the Modhera area have solar rooftop systems, including 1,177 at Modhera

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

India to have more than 60% power generation from RE by 2030, says minister

Gujarat tops in rooftop solar with 84% of country's installations

Overall, only a third of India's residential rooftop solar capacity has been installed

Rajasthan govt leases barren land to power solar energy plants

An online portal has been set up and on it farmers/landowners can register their land to give on lease

Solar projects awarded before customs duty change allowed cost pass-through

Change in law allowed for hike in GST rate too as project developers face cost hikes

Jamia Millia to release first merit list for UG admission on Sept 26

JMI UG admission 2022 to begin from September 26. Candidates can visit the official website for further updates

Reliance on a buying spree to achieve its renewable energy goals

In AGM 2022, Ambani said that they would "accelerate" the company's commitment to investing Rs 75,000 crore towards establishing a New Energy manufacturing ecosystem in Jamnagar

Rajasthan to tap solar energy to fulfil electricity demand in agri sector

Rajasthan's solar generation potential has been assessed at 142 Gw. The state government plans to harness this potential systematically and has set an ambitious target of 30 Gw capacity by 2024-25

Govt working on developing electric highways, says Nitin Gadkari

The government is working on developing electric highways powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India's public transport system on electricity. "The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. "We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy duty trucks and buses while running," he said. An electric highway generally refers to a road which supplies power to vehicles travelling on it, including through overhead power lines. Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conducted route ...

Govt working on developing solar energy powered electric highways: Gadkari

The government is working on developing electric highways powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India's public transport system on electricity. "The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. "We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy duty trucks and buses while running," he said. An electric highway generally refers to a road which supplies power to vehicles travelling on it, including through overhead power lines. Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conducted route ...

Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn

California-based SenseHawk, which was founded in 2018, is an early-stage developer of software-based management tools for the solar energy generation industry

KKR-backed Virescent in final talks to acquire solar assets from Jakson

Global investment firm KKR-backed Virescent Renewable Energy Trust is in advanced stages of discussion to acquire 100MW solar assets from Jakson Group. The 100MW portfolio comprises three operational solar power projects in Uttar Pradesh and Rajasthan and has a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd and Uttar Pradesh Power Corporation for 25 years. Headquartered in Mumbai, Virescent was established to acquire operating assets and leverage investment opportunities in the fast-growing renewable energy sector. Virescent is the only infrastructure trust (InvIT) in India in the renewable energy space, it said in a statement. Virescent completed the acquisition of one of the three projects -- 12.4 MW project at Lalitpur -- earlier this month. Jakson Group owns and operates around 200MW of solar portfolio across four projects. It had recently announced the commissioning of a 70MW project in Assam. It recently announced its new venture Jakson Green Pvt Ltd (JGPL

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

India's solar, wind energy potential likely to dip due to climate change

Solar and wind potential in India are likely to face a negative trend in the future due to climate change, according to a new study by Pune-based Indian Institute of Tropical Meteorology. The researchers used state-of-the-art climate models devised by the Intergovernmental Panel on Climate Change (IPCC) to analyse the wind and solar projections for the renewable energy sector over the Indian subcontinent. The seasonal and annual wind speed is likely to decrease over North India and increase along South India. The southern coast of Odisha and the southern Indian states of Andhra Pradesh and Tamil Nadu show promising potential for wind energy in the climate change scenario, said the study titled 'Analysis of future wind and solar potential over India using climate models'. The study was published in the peer-reviewed journal Current Science recently. Regional analysis of wind potential indicates that the frequency of high energy producing wind speeds will decrease, whereas low energy