Page 11 - Solar Energy

Adani Green signs PPA for 8,000 Mw solar power with Solar Energy Corp

With this, Adani Green now has tied up PPAs of 19.8 gigawatt (Gw). The balance in its 20.6 Gw locked-in portfolio is merchant capacity, the company said

Adani Green Energy completes power purchase project of 8,000 MW for SECI

Adani Green signed the final PPA with the company to supply 1,799 megawatts of solar power for 25 years

Waaree Energies to invest $1 billion in Texas solar panel factory

The announcement is the latest major corporate commitment to solar manufacturing since passage of U.S. President Joe Biden's landmark climate change law last year which offers subsidies and tax breaks

PM-KUSUM: Baton handed to states to customise agriculture-solar goals

Scheme likely to go off-Budget as targets linked to discom reforms

Adani Green Energy announces incorporation of two step down subsidiaries

Adani Green Energy on Friday announced the incorporation of two step down subsidiaries Adani Renewable Energy Fifty Six Ltd and Adani Renewable Energy Fifty Seven Ltd. "Adani Renewable Energy Holding Nine Ltd, a wholly-owned subsidiary of the company, has incorporated two wholly-owned subsidiaries, namely, Adani Renewable Energy Fifty Six Ltd (ARE56L) and Adani Renewable Energy Fifty Seven Ltd (ARE57L) on December 14, 2023," a BSE filing stated. Both step down subsidiaries have authorised as well as paid-up share capital of Rs 1 lakh each. The main objective of the new subsidiaries is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy, as per the filing. Adani Renewable Energy Holding Nine Ltd, a wholly owned subsidiary of the company, holds 100 per cent share capital of ARE56L and ARE57L. The new subsidiaries were registered with the Registrar of Companies,

Open access solar capacity grows 21% to 907 MW in Sept quarter: Mercom

The country recorded a 20.6 per cent rise in new installations of open access solar capacity to 907 MW in the September quarter, according to Mercom India. India had added 752 MW (Mega Watt) of open access solar capacities in the year-ago period, the research firm said in its 'Q3 2023 Solar Open Access Market Report'. On a quarter-on-quarter (q-o-q) basis, the capacity addition was 36 per cent higher than the 666 MW in the April-June quarter, the report said on Monday. As of September 2023, the country's cumulative installed open access solar capacity was 11 GW (Giga Watt). Under the open access model, an individual or a company can set up a green energy plant and sell the clean power generated in the open market to discoms or private consumers. "The drop in solar project costs attracted consumer attention this quarter. Power purchase agreements that were on the back burner are now being signed," Priya Sanjay, Managing Director at Mercom India, said. Emphasis on greening products

EKI Energy partners with Indian Oil to promote sustainable solar cooking

Global carbon credit developer and supplier EKI Energy Services and state-owned refiner Indian Oil Corporation have collaborated to promote sustainable indoor solar cooking system. EKI Energy Services and Indian Oil Corporation (IndianOil) have formalised a Memorandum of Understanding (MOU) to this effect, an EKI statement said. According to the statement, this strategic collaboration aims to promote 'Surya Nutan', IndianOil's innovative indoor solar cooking system. IndianOil, the country's largest fuel refiner and retailer, has a prominent presence across the entire hydrocarbon value chain, it stated. Under the MOU, IndianOil will share the technology of Surya Nutan with EKI Energy to enhance its production and distribution, supported by carbon finance while contributing towards the betterment of society and environment. EKI Energy will oversee the end-to-end management of Surya Nutan encompassing manufacturing, marketing, installation, and the provision of after-sales services.

Rooftop solar installations rise 34.7% to 431 MW in Jul-Sep: Mercom

The rooftop solar installations in India registered a 34.7 per cent year-on-year jump to 431 MW during July-September 2023, aided by a fall in module prices, Mercom India said. The rooftop solar installations were at 320 megawatt (MW) during the three-month period of 2022, the research firm said in a report. The rooftop solar capacity addition was also higher at 1.3 gigawatt (GW) in the first nine months of 2023, compared to 1.2 GW in January-September 2022. India's cumulative rooftop solar capacity reached 10.1 gigawatts (GW) at the end of September 30, 2023, the 'Q3 2023 Mercom India Rooftop Solar Report' said. "We are starting to see a surge in momentum in rooftop installations. The significant drop in module prices has reached a turning point, sparking increased procurement activities that offer attractive returns for rooftop solar investments. We foresee two very robust quarters coming up," said Raj Prabhu, CEO of Mercom Capital Group. The majority of installations were in th

Land set aside for India's first solar expressway in Uttar Pradesh

The solar project will cater to the energy needs of the houses along the expressway and serve as a foundation for e-mobility and local socioeconomic development

Current solar cycle intensity's peak in 2024, may impact Earth's satellites

The current ongoing solar cycle is likely to peak its intensity in 2024 and can potentially impact Earth's space weather, according to researchers at the Indian Institute of Science Education and Research (IISER), Kolkata. It is known that roughly every 11 years, the intensity of solar activity reaches its peak, which manifests as violent disturbances in space weather such as solar magnetic storms or coronal mass ejections, impacting Earth's satellites and telecommunications. "During intense solar storms, the Earth's upper atmosphere expands outwards, thereby introducing friction on the low-Earth satellites. The friction can lead to a decay in the satellites' orbits and reduce their lifetime. Thus, they are able to live in space for a much shorter time than they were originally supposed to," Dibyendu Nandy, the study's corresponding author and Professor of Physics and Head, Center of Excellence in Space Sciences India, IISER, Kolkata, told PTI. The researchers also said that the mos

SJVN inks pact with Solar Energy Corporation to supply 200 mw wind power

State-owned power producer SJVN Ltd on Thursday said it has signed a pact with Solar Energy Corporation of India to supply 200 MW of wind power. The power producer has signed a power purchase agreement (PPA) for a 200 MW grid-connected wind power project with Solar Energy Corporation of India Ltd (SECI), SJVN Chairman & Managing Director Nand Lal Sharma said in a statement. Sharma informed that SJVN Green Energy Ltd (SGEL) -- its wholly-owned subsidiary -- had participated in the tariff-based competitive bidding process conducted by SECI for the selection of wind power developers for setting up 1,200 MW grid-connected wind power projects anywhere in India. SGEL bagged 200 mw at a tariff of Rs 3.24 per unit on a build-own and operate (BOO) basis in an open competitive tariff bidding process. He further said the 200 MW wind project will be developed by SGEL anywhere in India through an EPC contract. With the allotment of this project, the wind portfolio of SJVN now stands at 497.6 .

Rooftop solar potential could be critical to energy transition in India

Over 25 crore households across India have the potential to deploy 637 GW of solar energy capacity on rooftops, according to a new independent report by the Council on Energy, Environment and Water (CEEW) released on Thursday. The CEEW report said that deploying just one-third of this total solar technical potential could support the entire electricity demand of India's residential sector (about 310 TWh). However, the technical potential reduces to one-fifth (118 GW) after factoring in the current electricity consumption of households. "Most residential consumers fall into low-consumption slabs and solar may not be economically feasible for them without financial support even though it is technically possible. "The potential reduces further to 11 GW when no capital subsidy is considered, the payback period for rooftop solar is restricted to five years and we factor in consumers' willingness to buy rooftop solar," the report said. Currently, India has installed 11 GW of rooftop sol

Asian economies must ramp up wind and solar power: Report on global warming

To meet the goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), nine major Asian economies must increase the share of electricity they get from renewable energy from the current 6% to at least 50% by 2030, according to a report by a German thinktank released Wednesday. Nearly a third of that renewable energy should come from wind and solar power, said the report by researchers of Berlin-based Agora Energiewende. A fifth would be hydropower and other clean sources and the remainder, fossil fuels. The study analysed energy plans of both developing nations like Indonesia and Vietnam, where demand for energy is growing rapidly, and wealthier places like Japan and South Korea, which have among the highest burdens of per capita greenhouse gas emissions. It did not include China, the world's biggest emitter of carbon, or India, another major contributor. A global temperature increase of 1.5C (2.7F) since pre-industrial times is considered a critical climate ...

Global solar projects set to win more than $380 bn investment this year

Investment is increasing in the global solar energy projects, and is expected to be more than USD 380 billion this year, the International Solar Alliance (ISA) Director General Dr Ajay Mathur has said. Mathur made these remarks on Monday on the sidelines of the Singapore International Energy Week. The good thing is that investment flow is increasing. It was about USD 310 billion for the whole of last year, and USD 235 billion investment has come in during the first half of this year, Dr Mathur told PTI. We expect it to be more than $380 billion this year. Elaborating on ISA work, he said, Our goal is that in every member country, we make solar the energy of choice. ISA will have 120 member countries by the end of this year, up from 116 currently. The challenge is to get investments for small solar plants to reach out to the remote regions as approximately 74 per cent of the investment so far has gone to large-scale projects in the OECD and China, Dr Mathur informed. All of Africa

Star rating programme for solar PV modules to help consumers: R K Singh

Like home appliances, consumers will soon be able to choose solar panels with higher efficiency under the government's star rating programme for solar photovoltaic module, which was launched on Friday. Union Minister for Power, New and Renewable Energy R K Singh launched the initiative which provides ratings from 1-5 stars on the basis of the efficiency of modules. In his address, Singh said that now consumers can make an informed decision. The ratings will help consumers choose the best of the panels while getting solar installations from vendors. "Like the appliances where there is star ratings you know which appliance is better in terms of energy efficiency. Similarly, now the consumer will not be at the mercy of the seller for solar installations. By checking the star ratings one can select the more efficient panels," the minister said. This will also help build consumer confidence and give a push to solar installations in the country, he added. The programme is voluntary for

'Industrial coup': How China grabbed pole as the world kept napping

Was it happenstance, or reflective of an already acquired manufacturing might, or strategic foresight, or that the West was caught napping? The full story is that it is all of these, writes T N Ninan

RSOLEC to invest $300 million into solar manufacturing venture in India

Renaissance Solar and Electronic Materials on Tuesday announced its solar manufacturing venture and a plan of USD 300 million investment in India. "Renaissance Solar and Electronic Materials (RSOLEC), an innovative solar enterprise with operations in India and the USA, today announced its official launch and establishment, accompanied by a significant planned investment of about USD 300 million," a company statement said. With global reach and expertise in differentiated solar and electronic materials manufacturing, RSOLEC is set to revolutionise the industry with a strategic focus on Solar Crystal Growth and Wafering, it stated. The launch of RSOLEC aligns with India's "Atmanirbhar Bharat" mission, showcasing the country's capabilities in the state-of-the-art solar value chain. The company's primary focus for the next five years will be on crystal growth and wafering in India, contributing significantly to the country's strategic solar manufacturing capacity, it stated. Over the

Solar and wind set to power two-thirds of India's growth by 2032: Analysis

Solar and wind energy are poised to drive two-thirds of India's power generation growth by 2032 if the nation successfully attains its renewable energy targets, according to a new analysis conducted by the global energy think tank Ember. Solar power in India has evolved significantly since 2017 when it accounted for only 1 per cent of the country's power mix. Should India meet its solar targets outlined in the 14th National Electricity Plan (NEP14), its share is expected to surge from 5 per cent to 25 per cent during the financial year 2022-2032, marking a period of rapid expansion. This suggests that India's power generation growth, which was predominantly coal-driven over the past decade, could shift toward solar and wind sources in the next ten years, provided that India stays on course to achieve its NEP14 objectives, as per Ember's analysis. Meanwhile, as India's adoption of solar energy broadens, there is an increasing demand for significantly greater storage capacity to manag

Adani plans to build 10 GW integrated solar manufacturing capacity by 2027

Billionaire Gautam Adani's group is planning to build 10 GW of integrated solar manufacturing capacity by 2027, as it looks to capture energy transition business, sources close to the company said. Adani Group currently has a solar manufacturing capacity of 4 GW. Adani Solar has a confirmed order book of over 3,000 MW in exports that are to be serviced over the next 15 months, they said, adding Adani, recently, raised USD 394 million for solar manufacturing from Barclays PLC and Deutsche Banks AG through a trade finance facility. While India scaled up its solar energy generation from 2.63 GW in March 2014 to 71.10 GW in July 2023, the manufacturing ecosystem did not match the pace. To change, the government adopted a two-pronged strategy - used trade and non-trade barriers, such as safeguard duty, an approved list of module manufacturers (ALMM), and a production-linked incentive (PLI) scheme. This gave Indian solar manufacturing the necessary impetus to encourage private players l

Cement cos' green power mix likely to rise to 42% by FY25: Report

Cement companies' green power mix is likely to jump to 40-42 per cent by FY25 from 35 per cent in FY23, which will lead to savings of 140-160 basis points by way of lower energy cost, a report said on Monday. Major cement players are looking at reducing their emissions by 15-17 per cent over the next 8-10 years by increasing the share of blended cement, which uses less clinker and, consequently, less fuel, Icra Ratings said in the report. This, in turn, will help increase the share of green power intake through a mix of solar, Wind and Waste Heat Recovery System (WHRS) capacities, as per the report. There is also a move to shift to alternate fuels, the report said. The rating agency estimates that the share of green power will account for 40-42 per cent of the total power mix for cement companies by March 2025 from around 35 per cent in March 2023. According to Anupama Reddy, vice-president at the agency, capital outlay towards green power investments by major cement makers for th