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REC Trading At IEX Skyrockets, Sees 640% Growth In May

The trading of Renewable Energy Certificates (REC) seems to have escalated at the Indian Energy Exchange (IEX), the power exchange data shows. The publicly-listed power exchange firm recently shared its data on the trading of its different products including RECs.  IEX said that the renewable energy certificates (REC) trading in May stod at 1,055 MUs. […]

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Strong Show By Indian Manufacturers In KIWA PVEL 2024 Module Scorecard

The 2024 KIWA PV Evolution Labs (KIWA PVEL) module reliability scorecard is out. 2024 is the 10th edition of the widely tracked scorecard. Considered one of the leading global indicators of module quality, the scorecard this year features a record 53 manufacturers and 388 module types from across the world that have earned the right […]

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Vestas Secures 124 MW Wind Turbine Order In Lithuania

Vestas has received a 124 MW order for a wind energy project in Telsiai, Lithuania. It will deliver 20 V162-6.2 MW wind turbines, and the order includes supply, delivery, and commissioning of the turbines. The order was placed by Utilitas Wind and Latvenergo AS. Upon completion, Vestas will service the turbines throughout their life cycle […]

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In A First, Volvo To Bring Vehicles With EV Battery Passport

The Volvo EX90 electric SUV—which has the “world’s first EV battery passport”—will go on sale. Volvo is introducing the EV battery passport to provide important details to prospective purchasers, such as the composition, the source of the battery’s ingredients, and the battery’s carbon footprint. The automaker’s dedication has paid off as new all-electric vehicles are […]

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REC Prices At Power Exchanges Take A Dip After Tweak In Rules

With a tweak in the regulations related to Renewable Energy Certificates (RECs), the Indian Power Exchanges has seen its increased trading. The domestic power exchanges like IEX claimed that with an increase in its trading, the prices of the same have shrunk.  The top management of IEX in its recent investors call told its investors […]

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EU Commission Approves Italian Scheme To Support 4590 MW RE Production

European Commission recently approved the Italian State aid scheme that is expected to support electricity production from renewable energy sources. The European Commission has approved the aid, under EU State aid rules, an Italian scheme. This would extend support to 4590 MW new capacity for electricity production from renewable energy sources. The scheme was developed […]

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Sterlite Gets Rs 1373 Cr for 6000 MVA Neemrana Transmission Project

The Neemrana II Kotputli Transmission Limited (NKTL) project has closed the financing transaction, according to Sterlite Power, a well-known operator in the power transmission industry. The enterprise has achieved a significant milestone with the acquisition of a sizeable sum of INR 1373 crore from Power Finance Corporation (PFC), a prestigious Maharatna Public Sector Enterprise. The […]

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Solis Launches New 350Kw Inverter For Indian Market

Global energy solutions company Solis recently launched its new 350Kw inverter at a grand event in India. This launch comes at a time when the company achieved a cumulative shipment milestone of 4 GW to the Indian market. The newly unveiled 350KW inverter is designed to cater to the expansive needs of the utility solar […]

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BGFA, Nuru SASU Collaborate To Scale-Up Mini-Grid Deployment In Congo

Beyond the Grid Fund for Africa (BGFA) and a company based in the Democratic Republic of the Congo (DRC), signed a new agreement, to establish a new mini-grid, which is expected to provide access to clean energy in the northeastern part of the country. This project is expected to provide access to electricity for residential, […]

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