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Polysilicon prices expected to rise as Chinese producers cut capacity
The price of polysilicon, a crucial material in solar panels, is set to rally by the end of the year as producers cut capacity in response to a sector slump, according to the China Silicon Industry Association. Production declines are being driven by seasonal factors such as an upcoming public holiday in early October and reduced hydropower output, which is pushing up power costs. Polysilicon prices in China have plummeted 85% since mid-2022 due to…
India approves 50 solar parks to boost 37.5 GW renewable capacity
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…
Himachal Pradesh to set up solar power in 10 gram panchayats
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.
Sweco to design one of Europe’s largest energy storage projects in Belgium
Sweco has been selected to design the Green Turtle project in Belgium, one of the largest battery energy storage systems (BESS) in Europe. The Swedish engineering consultancy will partner with Dutch energy storage company GIGA Storage to develop the 700 MW facility, which will have a storage capacity of 2.8 gigawatt-hours. The project aims to store renewable energy for release during periods of low solar and wind generation, reducing Belgium’s dependence on gas-fired power plants,…
Matrix Renewables secures EUR 50 million EIB loan for solar projects in Spain
Matrix Renewables has obtained a EUR 50 million (USD 54.6 million) green loan from the European Investment Bank (EIB) to finance new solar projects in Spain. The funds will support the design, construction, and operation of five solar farms with a total capacity of 240 MW in Castile and Leon and Extremadura, regions with lower-than-average EU per-capita income. The solar farms are expected to be operational by the end of 2025. This loan aligns with…
Jindal Steel, JRPL signs MoU for green hydrogen investment in steel manufacturing
Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have signed a memorandum of understanding (MoU) for India’s largest green hydrogen initiative by a steel manufacturer. The MoU focuses on integrating green hydrogen into JSPL’s direct reduced iron (DRI) units at Angul, Odisha. In the first phase, JRPL will develop a green hydrogen generation capacity of up to 4,500 tonnes per annum (tpa) by December 2025, along with the supply of 36,000 tpa of…