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Cosmic PV Power Begins Module Production at New Facility in Surat

Gujarat-based Cosmic PV Power has started producing high-efficiency solar modules at full capacity at its new Surat plant. The factory can produce up to 450Wp high efficient Modules by using single & multi-crystalline cells. The company is especially focusing more on making efficient Mono PERC Products. In recent time, the demand for solar photovoltaic modules has […]

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Stena Recycling to Invest €24.6 M in Swedish Battery Recycling Plant

Swedish recycling company Stena Recycling is planning to invest around €24.6 million in what will be one of Europe’s most advanced battery recycling facilities near its Nordic Recycling Center in Halmstad, Sweden. The Gothenburg-based company described the project as a “new battery recycling process” and said that UK chemicals company Johnson Matthey would add a process […]

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Residential Rooftop Solar To Cost Rs 31,200/Kw In Andhra Pradesh after Subsidy

The Andhra Pradesh Eastern Power Distribution Corporation Limited (APEPDCL) has discovered the lowest bid of Rs. 50,000/kW for up to 1 kW of residential rooftop solar systems. That means, after central subsidies, it would cost only Rs. 31,200 to consumers. Interestingly, for larger 100Kw to 500Kw sizes, the discovered price is Rs 36,000/Kw , though […]

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IEX Trades 7093 MU in June’21 with 48% YoY Growth

The Indian Energy Exchange (IEX) traded 7093 MU of electricity volume in June’21 recording 48% YoY growth. According to the power demand data published by the National Load Dispatch Center, the national peak demand saw a 16% YoY increase, with the highest ever peak demand at 191.51 GW, while energy consumption at 115 BU grew […]

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Tirupati to Adopt Energy-efficient Practices, Installing 2 MW Rooftop Solar

The nation’s richest temple trust, which manages the Tirumala Venkateswara Temple in Andhra Pradesh, has taken more steps to go green. The Tirumala Tirupati Devasthanams (TTD) is going to green with efficient energy practices along with a water management system. The Bureau of Energy Efficiency (BEE) has given acquiescence to AP State Energy Conservation Mission […]

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Countries Investing in RE Enjoy Greater Economic Growth, says UK Study

Researchers at the University of Sussex Business School and the University of Portsmouth have discovered that countries that invest more in renewable energy enjoy greater economic growth and lower levels of income inequality. The study, which analysed data from over 200 countries between 2000-2019, shows that renewable energy acts as a catalyst for reducing income […]

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Top 10 Cleantech Trends for 2021 By IHS Markit

Asia will account for over 70 percent of total floating PV installations by 2024, says London-based information provider IHS Markit, among other cleantech trends expected this year. The whitepaper “10 Cleantech Trends in 2021” makes the following predictions vis a vis the renewables sector: 1. Renewable installations will rebound by double- digits after covid-19 impasse Annual […]

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Mainstream Renewable Power Closes Financing for Chilean Solar-Wind Farm

Global wind and solar company Mainstream Renewable Power has achieved financial close for the third and final phase of its “Andes Renovables” wind and solar platform in Chile. The  US$182 million in debt raised will be used to build the “Copihue” phase which consists of one wind farm, named Camán, located in central Chile. The […]

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Azure Power Secures $163 Million Investment for 300 MW Solar Project

NYSE listed Azure Power, has secured a USD 163 million investment led by Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG). This investment is five-year syndicated financing for a 300 MW solar plant to be developed in Rajasthan. With this, Azure follows Adani Green energy in getting MUFG on board. MUFG is the third renewables project financing […]

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