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EKI Energy registers Azerbaijan’s first voluntary carbon market solar project

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EKI Energy Services Limited (EKI) has registered Azerbaijan’s first voluntary carbon market project powered by solar energy, marking a significant step toward sustainable energy in the Caucasus and Central Asia. This project, launched ahead of COP29, aims to reduce greenhouse gas emissions by harnessing renewable energy. Located across the Baku and Absheron districts, the solar project has an installed capacity of 230 MW (AC). By supplying clean energy to Azerbaijan’s national grid without fossil fuel…

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AVVNL invites bids for 269 MW solar projects under PM KUSUM

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Ajmer Vidyut Vitran Nigam Limited (AVVNL) has issued a bid invitation for 269 MW of grid-connected solar projects under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme. The submission deadline is set for November 29, 2024. This project includes the design, supply, installation, testing, commissioning, and a 25-year operations and maintenance plan, with provisions for connecting the systems to 33/11 kV substations.

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India approves 50 solar parks to boost 37.5 GW renewable capacity

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The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey.  These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore wind energy projects along the…

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ISA’s seventh assembly showcases global solar initiatives and launches new projects

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The International Solar Alliance (ISA) opened its seventh Assembly session in New Delhi, with ministers from 29 nations in attendance. India’s Minister for New and Renewable Energy and ISA Assembly President, Shri Pralhad Joshi, emphasized the pivotal role of solar energy, stating, “Solar energy is leading the world toward a sustainable future.” He noted ISA’s successful completion of 21 of 27 demonstration projects, showcasing significant strides in solar energy deployment globally, especially in Least Developed…

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DTE Energy launches 150 MW Sauk Solar Park in Michigan

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DTE Energy has commenced operations at its 150 MW Sauk Solar Park in Branch County, Michigan. The facility, containing 347,000 solar panels, can provide clean energy to approximately 40,000 homes, making it DTE’s largest solar installation, surpassing its second-largest solar park in Lapeer by over threefold. Sauk Solar is the first of six planned solar parks as part of DTE’s expansion of renewable projects through its CleanVision MIGreenPower program, supported by voluntary contributions from 100,000…

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Plenitude begins construction of 220 MW solar plant in Salamanca, Spain

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Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with completion targeted for 2025. Sterling…

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Rayzon Solar secures PV module supply contract for L&T’s projects

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Rayzon Solar has won a contract to supply 216 MW of high-efficiency photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects across India. The modules will be integral to L&T’s floating solar projects at Panchet and Ramagundam, as well as a ground-based solar project in Bihar.

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Andhra Pradesh unveils policy to attract Rs 10 trillion investment for clean energy

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The Andhra Pradesh government aims to secure Rs 10 trillion in investments through its newly launched AP Integrated Clean Energy (ICE) Policy, focusing on solar, wind, and round-the-clock renewable energy projects to achieve net-zero carbon emissions by 2047. Chief Minister N Chandrababu Naidu announced the policy, which offers incentives such as affordable land acquisition and power subsidies for specific sectors. The ICE Policy includes a target of developing 78.5 GW of solar capacity, 35 GW…

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Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill solar park

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Quinbrook Infrastructure Partners has secured two major offtake agreements for its 373MW Cleve Hill solar park in Kent, set to be the UK’s largest solar and battery storage project.  Tesco signed a 15-year power purchase agreement (PPA) for 65% of the solar generation, the largest solar corporate PPA in the UK, while Shell has committed to a ten-year route-to-market agreement for the remaining 35%.  The project, which includes a 150MW battery storage component, is expected…

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Waaree Energies to launch Rs 36 billion IPO

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Waaree Energies has announced its initial public offering (IPO), set to launch on October 21, 2024. The anchor investor bidding will open on October 18, and the offer will close on October 23. The IPO includes 4.8 million equity shares with a total value of Rs 36 billion. The price band is set between Rs 1,427 and Rs 1,503 per share, with a minimum bid of 9 shares.  Waaree Sustainable Finance Private Limited will offer…