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Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time – BNEF

Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called  ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in […]

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Sungrow Launches Its Latest Residential Solar-Storage-EV Charging Solution

Global inverter and energy storage system solution supplier Sungrow has launched its latest integrated solution for ‘residential solar-storage-EV charging’ at the InterSolution 2023 that is being held in Belgium. Sungrow also showcased its new commercial inverter SG125CX together with the utility solution 1500V string inverter SG350HX for Benelux in Belgium to help the region achieve […]

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Government Extends Deadline For Pending Solar And Solar Wind Hybrid Projects

In an official letter addressed to management at SECI, NTPC and NHPC, the Ministery of New and Renewable Energy (MNRE) has extended  the deadline up to March 2024 for under implementation solar and solar wind hybrid projects. the new deadline is applicable for project bids finalized before March 9,2021. As per the announcement made by […]

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The Top 5: Challenges to EV Growth in 2023

The calendar year 2022 turns out to be a significant year for electric vehicles (EVs) with sales hitting new highs globally and in India.  According to data available at the VAHAN portal, EV sales grew from 3.2 lakh units in 2021 to nearly 10 lakh units in 2022, a growth of over 200 per cent. […]

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Pexapark and AFRY launch Daily Valuation Curve For Renewable Projects

Switzerland based Pexapark has joined Sweden based AFRY management consulting to formally launch the ‘Daily Valuation Curve’, a new pricing data offering that will give investors and lenders greater certainty over the lifetime value of renewable energy projects. Announced in Q4 2022, the Daily Valuation Curve seamlessly combines Pexapark’s market-based price approach, used by 150+ […]

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2023’s Promise for Solar. Will India Rise To The Challenge?

Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […]

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Ministry of Home Affairs Issues Tender for 13 Off-Grid Solar Plants

The Ministry of Home Affairs has issued a tender for the supply of 13 off-grid solar photovoltaic power plants. The solar power plants are to be set up in Central Armed Police Forces (Indo Tibetan Border Police). The date on which bids open is 23.01.2023 at 16.30 while the bid closes on 23.01.2023 at 16.00. […]

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Countries That India Can Seek Inspiration From For Renewable Investments

India lost four ranks in the 59th edition of the Renewable Energy Country Attractiveness Index (RECAI). The South Asian Country was the seventh most attractive country for renewable energy investments, down from the third place it held earlier. In its 60th edition, India maintained its position. However, several other nations made steady progress on the […]

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