Solar News

US Utility-scale Solar PV to Cost $16.89/MWh by 2030, Expects NREL

A new report published by research institute National Renewable Energy Laboratory (NREL) has found that the prices of utility-scale solar PV in the US could down as much as $16.89/MWh by 2030. US Department of Energy‘s NREL specializes in the research and development of renewable energy, energy efficiency, energy systems integration, and sustainable transportation. Its 2021 […]

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Enel Green Acquires 3.2 GW Solar Portfolio in the United States

Renewable energy company Enel Green Power North America has acquired a 3.2 GW portfolio of solar and solar-plus-storage projects from Dakota Renewable Energy, a joint venture between Dakota Power Partners and Eolian. The 24 development-stage projects, including 450 MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are planned […]

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Global Solar Lighting Systems Market to Reach $11.2 Billion by 2026

A research report published by Global Industry Analysts Inc., (GIA) makes the prediction that the global solar lighting market will reach $11.2 billion by 2026. The global market for Solar Lighting Systems is estimated at US $ 5.5 Billion in the year 2020. Thus, the revised size of US$11.2 Billion by 2026 will entail growing […]

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Kerala’s 1kW Rooftop Solar Systems to be Available at Rs 53,651

The lowest bid received by the Kerala State Electricity Board (KSEB) for residential rooftop solar systems of up to 1 kW has been discovered to be ₹53,651/kW. In February this year, KSEB floated a tender to empanel contractors for providing EPC (engineering, procurement, and construction (EPC) services for 200 MW of grid-connected residential rooftop solar […]

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IndiGrid InvIT Completes Rs 660 crore Acquisition Of Fotowatio’s India Solar Assets

IndiGrid, the Infrastructure investment trust (InvIT) has announced  the formal acquisition of the entire stake in two solar energy assets with cumulative capacity of 100 MW from Spanish developer Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore. The firm had actually made a regulatory filing on these back in December 2020. […]

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World’s Biggest Green Energy Hub Proposed for Western Australia

An international consortium is planning to build what would be the world’s biggest renewable energy hub in Australia, covering an area half the size of Belgium, to convert wind and solar power into green fuels like hydrogen. The consortium, which comprises of InterContinental Energy, CWP Global and Mirning Green Energy Limited, aims to build Western Green Energy […]

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APERC Approves Cancellation of Two Wind PPAs, Orders Discom to Pay Compensation

The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a new order, ruling that the power purchase agreements (PPAs) entered into by wind developers Vibrant Greentech and Chaitanya Projects with the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) were not binding for the state distribution company. The ruling came in response to the petitions filed […]

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NHPC Enters Rajasthan, with 600 MW Solar Tender

Hydro energy PSU NHPC (National hydroelectric Power Corp), which has also made some strong solar energy plans, has invited bids for a 600 MW ISTS (Inter State Transmission System) connected solar project. The tender, which covers engineering, procurement, and construction (EPC) for the project/s, is planned for Deora village of the Jaisalmer district in Rajasthan. […]

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Avaada Has A Bangkok Connect, As Thailand’s GPSP Buys 41.6% Stake for Rs 3400 crores

Leading Thailand based power utility-Global Power Synergy Public Company (GPSC) has acquired a 41.6% stake in renewable energy major Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). That makes it among the largest renewable energy deals in India, which continues to consolidate as well as attract global capital. Deal Announcement GPSP firm […]

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