At the Independence Day function in Dehra, Himachal Pradesh’s Kangra District, Chief Minister Sukhvinder Sukhu announced plans to transform 10 gram panchayats into green panchayats by setting up solar power projects with up to 500 KW capacity each.
Cero Generation has secured financing for a 244.7 MW solar project portfolio in Spain’s Palencia region. The projects will begin construction soon, supported by a consortium of lenders including Banco Sabadell, Rabobank, and ING. A ten-year power purchase agreement (PPA) with an undisclosed international tech company underpins the project. Engineering and construction will be handled by Elmya and Metlen, with LONGi supplying the solar modules. The projects will generate 480 GWh annually, powering 150,000 homes…
Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export orders primarily came from North and South America. Year-to-date order inflows from April 1 to October 28, 2024, totaled Rs…
India’s renewable energy storage capacity is projected to increase to 6 GW by fiscal 2028, up from less than 1 GW operational as of March 2024, according to a statement by Crisil Ratings on August 14. The Indian government is focusing on developing infrastructure through standalone storage systems, such as pumped hydro or battery storage, as well as storage-linked projects that combine renewable energy (RE) generation with storage. In the past two fiscal years, auctions…
Orlen Group, through its subsidiary ORLEN Wind 3, has finalized the acquisition of two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, boosting its renewable energy generation capacity by more than 300 MW. The assets include solar PV farms in the Zielona Góra and Poznań provinces, and a wind farm in the Łódź province. This acquisition raises Orlen Group’s total installed capacity to 580 MW in onshore wind farms and over…
Solar paraboloid technology is gaining attention as a potential game-changer in the shift towards renewable energy. This advanced form of concentrated solar power (CSP) can increase the efficiency of capturing solar energy, potentially outperforming traditional photovoltaic (PV) systems. Solar paraboloids use parabolic mirrors to focus sunlight onto a receiver tube, heating a fluid to generate electricity or provide heat for industrial use. Operating at higher temperatures (up to 300°C), they achieve greater thermal efficiency by…
Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350 MW of operational solar assets from O2 Power in Madhya Pradesh for Rs 20 billion. These assets were developed under the Rewa Ultra Mega Solar (RUMSL) initiative, a joint venture between Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam (MPUVNL). Petronas-owned Gentari was also in contention for the acquisition. In 2021, Beempow Energy, a subsidiary of O2 Power, secured…
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