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solar energy

US-Based FTC Solar Brings Hail Stow Solution For Hailstorm Damage

US-based FTC Solar has announced the release of its Automated Hail Stow Solution, meant to lessen hailstorm damage to solar panels. This approach uses cutting-edge technology in conjunction with meteorological data to dynamically reposition solar panels, reducing the risk of damage from hail. According to FTC Solar, solar panel systems are particularly vulnerable to hail […]

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Changing Dynamics: Indian Green Firms Shift Focus On Energy Storage

In March 2022, India’s leading renewable energy company Adani Green Energy Limited (AGEL) collaborated with another Indian leading player in the energy storage systems–Greenko. The partnership was to seek the Hyderabad-based company’s assistance in getting Round-The-Clock (RTC) power for AGEL’s projects through Greenko’s PSP assets. PSPs are often termed as giant batteries which can storage […]

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Climate Risk for Renewable Energy Projects & Parametric Insurance

Amidst the global conversation on climate change, the renewable energy sector finds itself at a critical juncture. As we grapple with shifting weather patterns and rising temperatures, the sector faces significant challenges in maintaining its infrastructure and ensuring operational efficiency. Research suggests a 12% reduction in wind turbine capacity by the century’s end, and a […]

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US Releases New Rule To Incentivise Clean Energy Production Under IRA

The US Department of the Treasury and Internal Revenue Service (IRS) released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit under the Inflation Reduction Act (IRA). This guideline was established by President Biden’s Inflation Reduction Act (IRA), to provide clarity to developers of clean electricity projects. This guidance is expected […]

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Expediting Clean Energy Transition Improves Living Standards: IEA

Transitions to clean energy are affecting the cost of living the world over. According to a new report by the International Energy Agency (IEA), speeding up the move to clean energy technologies improves the affordability of energy and can relieve pressures on the cost of living more broadly The IEA report, Strategies for Affordable and […]

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News Briefs May 30- Google, Meta Solar PPAs, LONGi’s Hi Mo X6 Modules…

Google Signs First Solar PPAs In Japan Technology giant Alphabet, which owns Google, has signed its first solar PPAs in Japan. The virtual power purchase agreements (PPAs) adding up to 60 MW have been signed with two Japanese companies. The larger firm, involved with 40 MW of the planned capacity is Clean Energy Connect (CEC), […]

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Havells India Plans To Ramp Up Captive Solar Capacity To 16 MW

The electrical equipment manufacturer Havells India Ltd. has announced to build a 4.6 MW solar power plant at its Alwar facility in the upcoming fiscal year to increase its solar power capacity to about 16 MW, read a media statement by the company. By making this change, the company will be able to use renewable […]

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SECI Invites Bids To Setup 1200 MW Solar Project

Solar Energy Corporation of India (SECI) has released a tender inviting bids for setting up 1200 MW ISTS-connected solar PV power projects in India under Tariff-based Competitive Bidding The tender document fee – Rs. 29,500 The SECI tender involves an earnest money deposit (Emd/ Bid Bond) of  Rs. 9,42,000 The tender contract performance security – […]

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Avaada Group Secures Rs 315 Cr Financing For Karnataka Solar Project

The renewable energy arm of Avaada Group, Avaada Energy, has announced that it has closed the financing of about Rs 315 crore from Aseem Infrastructure Finance Limited (AIFL), an IFC (Infrastructure Finance Company), said the company statement. The company has secured financing for its solar PV power project being developed under a long-term captive Power […]

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