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REC Raises $500 Mn Through Green Bonds

REC Limited, a state-owned infrastructure company has raised $500 million through 5-year green bonds as part of its $10 billion Global Medium-Term Program. REC plans to use these funds to finance eligible green energy projects that qualify under its green finance framework. REC a ‘Maharatna’ company under the administrative control of the Ministry of Power, […]

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The Australia Experience: How Energy Storage is Transforming National Grids

Energy storage has undeniably emerged as a critical component in the growth of solar energy. For much of the last decade, high installation costs and the intermittent nature of renewable energy sources were major barriers to wider adoption. However, advancements in technology and government subsidies have significantly reduced these costs, with increased competition and production […]

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LOHUM, ReElement, & American Metals Invest $30 Mn In US

To build a new facility in the US, Indian critical minerals producer LOHUM Cleantech signed the MoU with US modular processing technology company ReElement Technologies Corporation and American Metals LLC. The MoU marks the beginning of a joint venture for the United States fully integrated battery recycling, repurposing, and critical material production facility. The Memorandum […]

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GERC Reaffirms Right Of Developers To Replace Damaged Modules

The Gujarat Electricity Regulatory Commission (GERC) in its latest order said that the solar generators are entitled to replace their older damaged solar panels with new modules by abiding with the committed CUF (Capacity Utilisation Factor). The order of the state power regulator came to the light while hearing a petition of solar power generator […]

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First Solar Opens New Module Manufacturing Unit In US

American solar module maker First Solar opened its $1.1 billion solar manufacturing facility in Lawrence County, Alabama. The new manufacturing plant adds 3.5 gigawatts (GW) of solar production capacity and is expected to create over 800 high-tech jobs in the region. First Solar has been a key beneficiary of the move to reduce dependence on […]

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Sungrow Liquid-Cooled ESS PowerTitan 2.0 Shakes Up Energy Storage Market

Recently, Sungrow, the world’s leading inverter seller in 2023, delivered 66 sets of its energy storage system, PowerTitan 2.0, in the UK, demonstrating its acceleration of energy storage deployment in Europe. In the Middle East, over 1,500 sets of PowerTitan 2.0 are set for deployment, contributing to one of the world’s largest energy storage projects […]

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Khavda: Zetwerk Gets 1515 MW Module Contract From NTPC To Supply PV Modules

Bengaluru based Contract manufacturing marketplace Zetwerk has received a second, major contract from NTPC Renewables to supply 1515 MWp of ALMM-compliant solar PV modules for the 1200 MW Khavda Solar project in Gujarat. Zetwerk has bagged this order which includes mandatory spares, for the 1200 MW Khavda Solar project in Gujarat. The company said it […]

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RUMSL Issues Tender For 600MW Solar Project With BESS

The Rewa Ultra Mega Solar Limited (RUMSL) has now issued a tender seeking developers to develop a 600 MW of solar project with battery energy storage (BESS). RUMSL, formed in 2015 is a Joint Venture between Madhya Pradesh UrjaVikas Nigam Limited (MPUVN), and Solar Energy Corporation of India (SECI). As per the tender details, RUMSL […]

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