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use of solar energy

JKPCL & RUVNL to Purchase Power from SJVN’s 1000 MW Solar Project

CPSU SJVN has been awarded Letters of Intent for the purchase of solar power from Jammu & Kashmir Power Corporation Limited (JKPCL) and Rajasthan Urja Vikas Nigam Limited (RUVNL). While JKPCL is looking to purchase 600 MW, RUVNL will purchase 500 MW. The purchase will be at a tariff of INR 2.57 per unit from […]

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Opdenergy Seals Finance for Solar Projects Totalling 260 MWDC

Opdenergy, an independent renewable energy producer, has sealed a $252 million project financing package for two solar projects in the United States. The first solar project, Blake, located in Jefferson County, West Virginia, has an installed capacity of 100 MWDC. The second solar project Elizabeth, located in Allen Parish, Louisiana, has an installed capacity of […]

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NLCIL’s Andaman Solar Plant With BESS To Offer Power At Rs 6.99/unit

The Central Electricity Regulatory Commission (CERC), in its latest judgment, approved the levelized tariff of Rs 6.99 per unit for NLCIL’s 20 MW solar power plant with a battery energy storage system (BESS) at Andaman. It contrasts the demand of Rs 7,434 per unit by NLC India Limited (NLCIL), which commissioned the project.  The company had set […]

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Renewable Energy Credits In Demand In US As Utility Seeks RFP For 570,000

Renewable Energy Credits (RECs), also termed Renewable Energy Certificates, in India are gaining wider currency in the US as utilities use them to fulfill green energy requirements for themselves and even customers in many cases. The latest is US utility FirstEnergy Ohio that has launched a request for proposal (RFP) to purchase 570,000 renewable energy […]

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Solar Rooftop Developer Freyr Energy Secures INR 54 Crore Equity Investment

Freyr Energy, a leading tech-enabled rooftop solar company in India, has secured an equity investment of INR 58 Crores. Freyr Energy is focused on taking solar energy for the retail customers (Homeowners and Micro, Small, and Medium Enterprises) in India. The round was led by EDFI ElectriFI, an EU-funded impact investment facility managed by EDFI […]

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Home Energy Consumption In India to Triple By 2050, Says EIA Report

The US Energy Information Administration (EIA), in its energy outlook report for 2023, has come out with a number of projections and scenarios that might surprise people. Not least of which is the attention to India, which the report projects, will become the world’s largest solar market by  capacity additions, overtaking China and the US, […]

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Space-Based Solar Power Expects Growth At a CAGR of 8.0%: Report

Polaris, a research organisation, released a market report on the solar space-based solar power. The report expects market growth to grow at a Compound annual growth rate (CAGR) of 8.0 percent. This is expected to be achieved during the forecast period, 2023 – 2032. This research places importance on the use of solar-powered satellites to […]

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Four Areas Where Solar Power Can, Is, and Ought To Make a Bigger Impact

“The real wealth of a nation is its people. The purpose of development is to create an enabling environment for people to enjoy long, healthy and creative lives,” said noted economist and Noble Prize winner Mahbub-ul-Haq. I was reminded of this profound universal concept that underpins today’s ‘Human Development Index,’ which serves as the defining […]

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