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use of solar energy

SIDS to Strive for New Goal of 10 GW Renewable Energy Installed Capacity by 2030

The International Renewable Energy Agency (IRENA) has released its report entitled, ‘SIDS Lighthouses Initiative: Progress and way forward’. The report places an emphasis on the urgency to deal with the impact of climate change on Small Island Developing States (SIDS). At the 27th meeting of the United Nations Climate Change Conference of Parties (COP27), held […]

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Trina Solar Joins Chinese Peers With Major Expansion Plans

Trina Solar joins fellow Chinese solar giants Longi and Jinko Solar to announce major new expansion plans. In a recent announcement, Trina Solar said it will invest around CNY8.7 billion (USD1.2 billion) in a new plant and related facilities in China’s Sichuan province. The Changzhou headquartered firm has been a major player in the solar […]

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MNRE Clarifies No Plan To Cut Import Duty On Solar Panels

Following news reports that the government plans to cut import duty on solar panels, the Ministry of New and Renewable Energy (MNRE) has seen it fit to clarify that no such plans are in the offing. The news reports, carried by news agency Reuters as well as many Indian news outlets, had claimed that the […]

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Natixis CIB Closes $364m Financing For Chilean Solar Projects

Natixis Corporate & Investment Banking (Natixis CIB) has closed a $364 million financing for a portfolio of a solar PV utility-scale and PMGD plants in Chile. These solar projects are owned and operated by Solek Holding and the portfolio has a combined capacity of about 284-MWdc. Natixis CIB acted as sole debt structuring advisor for […]

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IISc Develops Novel Solar Powered Thermal Desalination System

Bengaluru’s Indian Institute of Science (IISc) has developed a solar energy based new thermal desalination system. The IISc researchers say it is energy-efficient, cost-effective and portable. These features make the solar thermal desalination system convenient for installation in remote areas that have no or limited electricity supplies providing clean drinking water to the inhabitants. The […]

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RERC Asks Railways To Install ABT Meters To Avail Wind Energy From Rajasthan 

In its latest order, the Rajasthan Electricity Regulatory Commission (RERC) asked the Indian Railways to install ABT (Availability Based Tariff) Meters for hassle-free consumption of green energy from Rajasthan. ABT Meters are frequency-based price mechanisms mainly used when unscheduled electricity-related transactions occur.  The RERC order came to the fore after the discoms in Rajasthan moved a […]

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ONGC Plans Rs 1 Lakh Crore Investment For Energy Transition

State owned oil and gas producer ONGC has announced an investmen worth Rs 1 lakh crore by the end of this decade (2030) on energy transition projects. Most of the investments will be made on renewable energy projects. ONGC has already declared its target of achieving net zero carbon emissions by 2038. The fresh announcement […]

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