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Electricity Market

GWEC: 22 GW Wind Power Additions in North, Latin America In 2020

A recent report by the Global Wind Energy Council (GWEC) confirms that both North and Latin America, installed nearly 22 GW of new capacity of wind power in the region, a 62 percent spike over 2019 beating back the impact of COVID 19 comprehensively. According to the latest data released by GWEC Market Intelligence, in […]

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GOGLA, Solar Energy Association Marks 2020 With USD 316 Million Investment

GOGLA, the global association for off-grid solar energy, which delivers off-grid electricity products and services, has announced that the total investment into the off-grid solar sector in 2020 accounted for USD 316 million, four million higher than 2019. GOGLA reasons out the seven key elements for their achievements. It has released an Investment Database which […]

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Siemens Gamesa to Supply New Zealand’s 2nd Largest Wind Farm

Siemens Gamesa will supply 41 of its wind turbines for New Zealand’s second largest wind farm to Meridian Energy, strengthening its leading position in the country’s wind energy market. Following its expected commissioning in 2023, the 176 MW Harapaki wind farm will generate sufficient renewable energy to power over 70,000 local average households and support […]

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40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022

The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […]

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Mainspring Launches new Power Generation Technology; Announces $150 Mn Agreement with NextEra

Mainspring Energy has launched the Mainspring Linear Generator, the first product in a new category of power generation technology for commercial and industrial buildings, utilities, and microgrids. The growing mandate for a reliable, affordable, and low-carbon electric grid is driving demand for new power generation technologies that can enable greatly increased use of renewable energy […]

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BSES Rajdhani Wins IGSF Gold Innovation Award for Rooftop Solar Automation

Power distributer BSES Rajdhani Power Limited (BRPL) has won the Gold Innovation award, presented by The India Smart Grid Forum (IGSF). The power distributor of over 2.4 million customers spread over 21 districts in South and West Delhi has won the award for automation of rooftop solar workflow in their territory. Interestingly, 3,000 customers out […]

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Renewable Energy Integration is India’s Next Big Challenge: IEEFA

According to a report from Institute for Energy Economics and Financial Analysis (IEEFA), India already has 93 GW of on-grid variable renewable energy (VRE) capacity as of January 2021. Now, one of the next big challenges for India’s electricity sector is battery storage, green hydrogen, and flexible coal-fired power generation into the electricity grid i.e. […]

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Fourth Partner Energy Expands Footprint Ties up With Indonesia’s Indika Energy

Fourth Partner Energy has partnered with Indika Energy to form JV -EMITS with the aim of accelerating Indonesia’s renewable energy transition. Fourth Partner Energy (FPE), one of India’s leading solar solutions firms has announced a partnership with Indonesia’s energy major, Indika Energy. The joint venture (JV) company Empat Mitra Indika Tenaga Surya (EMITS) is aimed […]

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