Daily News Wrap up: Is Solar Trumping Wind, Again?

RENEWABLES NEWS

Is Solar Trumping Wind, Again?

Between 2017 and 2021, you wouldn't be blamed if you thought the whole burden of adding renewable energy capacity had fallen on solar energy. Thus, even as wind turbine capacities were going up, actual wind capacity deployment, particularly onshore wind, was slumping, leaving in its...

REMCL is Selecting Project Developers for 750 MW RTC Power

Railway Energy Management Company (REMC) Ltd., a subsidiary of RITES Ltd, for and on behalf of Indian Railways, has invited bids in single stage two packet system for selection of project developers for supply of 750 MW Round-the-Clock (RTC) power from grid-connected renewable energy (RE)...

Waaree Renewable Q2 Results Stay Strong With 24% Growth YoY

Waaree Renewable Technologies Limited, the Solar EPC /IPP subsidiary of Waaree Group, a solar developer that finances, constructs, owns and operates solar projects, has reported its unaudited financial results for the quarter ended September 30, 2023. The firm which has moved to a much faster...

Suzlon Wins Repeat Order from Juniper for 50.4 MW Capacity

Renewable energy solutions provider Suzlon has secured a new order for 50.4 MW for their 3 MW series turbines. The order has come from Juniper Green Energy Private Limited. Suzlon will install 16 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of...

SPDA Chalks Out New Brand Identity

SPDA, or the Solar Power Developers Association, an independent industry association committed towards promoting the renewable energy space, has made a strategic decision to rebrand itself as ‘Sustainable Projects Developers Association’ (SPDA). The new brand identity reflects the association’s transition from representing pure-play renewable energy...

October Solar Additions Equal To Full 2022 As Europe’s Solar Romance Blooms

Rystad Energy Research reports that Europe's solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing...

EU PPA Market Shines with 7.8 GW of New RE Contracts To Date

RE-Source Platform, a corporate renewable energy platform for energy buyers and suppliers, has made significant observations about the rising volumes of corporate PPAs signed for renewable energy in the EU. The Platform has made the following observations and recommendations to facilitate PPAs- Record-breaking year in...

EV'S & STORAGE NEWS

EV Maker Ola Takes Home INR 3,200 in Fundraising Round

Bengaluru's electric vehicle firm Ola Electric has closed INR 3,200 crore in its fundraising round. The funds were raised from from marquee investors led by Singapore-based Temasek and project debt from State Bank of India respectively. The funds would be used be employed towards the...

Inlyte Gets $8 M For Cheap, Grid Scale Iron and Sodium Batteries

Berkeley, California based Inlyte Energy announced its $8 million?seed funding to be used to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. Inlyte's solution leverages the proven design of the previously-commercialized sodium metal halide...

Battery Waste Management Rules 2023 Laid Down

The Ministry of Environment, Forest & Climate Change has issued Battery Waste Management (Amendment) Rules, 2023 (BWMR 2023). The BWMR 2023 lays down the mandatory waste battery collection, recycling or refurbishment targets for electric vehicles battery of three wheelers, including E-rickshaw, categories L5, L5-M, L5-N,...

Canadian Solar’s e-STORAGE Lands 1 GWh Energy Solutions Project in Arizona

e-STORAGE, an arm of Canadian Solar Inc., has received a supply and integration contract worth 1 GWh DC in Arizona. Under the agreement, e-STORAGE will offer energy storage solutions for DEPCOM Power, Inc. and Tucson Electric Power (TEP). The project boasts rated capacity of 200...

RESEARCH REPORTS

Residential Costs Stayed Flat from 2020 to 2022 & then Declined in 2023: NREL

The National Renewable Energy Laboratory (NREL) has released its annual report on ‘U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks.’ The report tracks the solar cost trends to support the U.S. Department of Energy Solar Energy Technologies Office. It aims to accelerate the advancement...

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