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Electricity Market

ISA & Nuru Introduce 15 MW Solar Project Under Global Solar Facility

The International Solar Alliance (ISA) has announced a milestone with the initiation of the first pilot project under its Global Solar Facility (GSF). In collaboration with Nuru, a solar power firm in the Democratic Republic of the Congo (DRC), the project aims to develop and construct 15 MW  of solar metro grid capacity across three […]

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Romania Joins As The 118th Member Country Of International Solar Alliance

In a big boost to accelerate global adoption of solar energy, Romania officially joined the International Solar Alliance (ISA) as its 118th member country, signalling a robust commitment to advancing solar energy and contributing to global climate action. Romania, under the leadership of H.E. Mr. Klaus Werner Iohannis, President of Romania, formally signed the framework […]

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Solar Became Cheapest Fuel Source For Newly-Built Power Systems: EY

The latest report by Ernst and Young (EY) claimed that solar energy emerged as the cheapest fuel source for newly built power systems globally, fueling a faster energy transition. The report said that despite the challenges like inflation and price rises, solar power seemed to be the leader. It claimed that with its lowest Levelized Cost […]

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US Expected To Add 33 GW Of Solar Capacity In 2023: Wood Mackenzie

Wood Mackenzie, a research-based organization and SEIA (Solar Energy Industry Association), a solar industry association of the US shared an update on installed utility PV capacity in the US. Based on evidence, it estimates solar capacity can reach 4 GW by 2023. It showcases that the sector has achieved 58% growth compared to Q3 2022. […]

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CERC Grants HPX Additional Time To Appoint MD, Independent Director

The Central Electricity Regulatory Commission (CERC), in its latest judgment, asked the Hindustan Power Exchange Limited (HPX) to appoint a Managing Director and an Independent Director by the end of March 31, 2024. The order was passed to ensure CERC’s Power Market Regulations (PMR) 2021 compliance. The order came to the fore when the power exchange company […]

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Global Solar Capacity Can Touch 75,000 GW by 2050 With Energy Storage: ISA

A latest report from the International Solar Alliance (ISA) and Long-Distance Energy Storage (LDES) Council projects a target of 75,000 gigawatts (GW) of solar capacity by 2050. Their target is to provide long-term energy storage to fully realize the potential of these solar installations for complete decarbonization. LDES is estimated to become a $4 trillion […]

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Goldi Solar Gets 190 MW Module Order From ENGIE India

Indian solar module manufacturer Goldi Solar, bagged a Modules Supply Agreement (MSA) with ENGIE India, a subsidiary of the France-based ENGIE Group—a global player in low-carbon energy and services.  The agreement entails the supply of 190 MW of modules for ENGIE India’s upcoming Sayla village project under a 25-year solar power purchase agreement with Gujarat […]

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