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Global Solar Outlook 2024- BNEF Expects 655GWdc Addition In Best Case

Amid early expectations of a possible stall in China’s solar additions in 2024, comes the latest Global PV Market Outlook from BNEF. The report has projected up to 655GWdc of solar PV capacity additions this year in its optimistic scenario, with its conservative forecast projecting 520GWdc. For the record, it tracked 444GWdc of solar capacity […]

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NGEL To Develop Renewable Energy Parks with MAHAGENCO In Maharashtra

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has signed a joint venture agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO), for the development of Renewable Energy Parks in the state of Maharashtra. The company to be set up under the joint venture will develop GW-scale renewable energy parks and […]

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K.P Energy Commissions 25.2 MW ISTS Connected Wind Power Project At Sidhpur

K.P Energy Limited, a Balance of Plant (BoP) solutions provider for the wind energy industry commissioned a 25.2MW (Phase-VI) Inter-State Transmission System (ISTS) connected wind power project at Sidhpur, in Devbhoomi Dwarka The wind energy company is involved in the entire wind farm development value chain, right from conceptualization to the commissioning of the project. […]

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Arevon Secures $1.1 Billion Funding For California Solar And Storage Project

US-headquartered renewable energy developer Arevon Energy has announced that it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatts (MWdc) solar project coupled with 150 MW/600-megawatt hours (MWh) of energy storage is under early-stage construction and is anticipated to come online […]

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World Bank And Japan Sign RISE Pact to Boost Clean Energy Investments

World Bank and Japan have signed an administration arrangement outlining the terms and conditions to implement the Resilient and Inclusive Supply-chain Enhancement (RISE) Partnership, which was officially launched in October 2023. The agreement was signed between the World Bank Vice President for Infrastructure, Mr. Guangzhe Chen, and the Executive Director for Japan at the World […]

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NTPC Invites Bid for 26 MW Floating Solar Plant At Sipat Facility

NTPC has issued a tender inviting bids 26 MW floating solar project at the reservoir of NTPC Sipat. The bidding will take place in a single stage two envelop process including a techno-commercial bid and price bide followed by reverse auction. The last date for submitting the bid is 28 March and the bid will […]

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US Energy Dept Issues Letter Of Intent For Funding CSP Deployment

US department of energy (DOE) recently shared its intention to fund solar concentrator project with a potential funding of upto $30 million for research, development.  The Solar Energy Technologies Office (SETO) made a fund opportunity announcement (FOA) in its notification for “Concentrating Solar Flux to Heat and Power.” The letter mentioned, “This project is estimated to […]

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GIPCL Invites Bids For EPC Package For 500 MW Solar Project

Gujarat Industries Power Company Limited (GIPCL) has issued a tender inviting bids for a 500 MW solar power plant across the state of Gujarat. The tender is regarding the GIPCL selection process for the appointment of a contractor for the EPC Package along with the power evacuation system up to the GETCO substation for the […]

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RenewSys Ink MoU with Telangana For Rs 6,000 Crore Investment in Solar Manufacturing

Singapore-based integrated manufacturer of solar modules, RenewSys India Private Limited has signed a Memorandum of Understanding (MoU) with the Telangana government, regarding establishing several manufacturing units for Photovoltaic (PV) modules and PV cells within the state. The agreement is about a phased investment totaling Rs 6,000 crore, slated to extend until the financial year 2028. […]

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