Tata Power Renewable Energy Ltd will develop a hybrid plant comprising solar, wind, and battery storage components to meet the 460 MW firm and dispatchable renewable power requirement. Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has signed a power purchase agreement (PPA) with SJVN for a 460 MW firm and dispatchable renewable energy (FDRE) project. To meet the 460 MW FDRE requirement, TPREL will develop a hybrid renewable energy plant comprising appropriate capacities of solar, wind, and battery storage components. This will ensure that the power generated by the plant ..read more

In a new weekly update for pv magazine, OPIS, a Dow Jones company, offers bite-sized analysis on solar PV module supply and price trends. FOB China prices for both mono PERC M10 and TOPCon M10 cells extended declines this week, assessed at $0.0417/W and $0.0494/W, respectively, marking a decrease of 5.01% and 4.45% from the previous week. FOB China prices for mono PERC G12 have steadied this week, holding at $0.0448/W. This stability can be attributed to the recent initiation of several ground-mounted solar projects in China, which has spurred demand for this cell type. The constrained product ..read more

Adani Green Energy Ltd (AGEL) also reported its operational capacity grew 35% YoY to 10,934 MW with greenfield addition of 2,418 MW solar and 430 MW wind projects. The company’s renewable energy capacity target is now revised upwards to 50 GW by 2030. Adani Green Energy Ltd (AGEL), India’s largest pure-play renewable energy company, today announced financial results for the year ending March 31, 2024. The company’s revenue from power supply increased 33% YoY to INR 7,735 crore ($927 million). EBITDA from power supply was INR 7,222 crore, up 30% YoY. Cash profit increased 25% YoY to INR 3 ..read more

Adani Green Energy Ltd has secured $400 million green loan for its under-construction solar projects in Gujarat and Rajasthan. The lenders include DBS Bank, Intesa Sanpaolo, MUFG Bank, Rabobank, and Sumitomo Mitsui Banking. Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, announced this week that it has secured $400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat. It secured the lending from a consortium of five leading international banks, including Cooperative Rabobank, DBS Bank, Intesa ..read more

Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India. Post divestment, the company still has EV charging services and a renewables development portfolio with projects at different stages in India. Fortum has signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Gentari Renewables India, a subsidiary of clean energy solutions provider Gentari Sdn. Bhd. The portfolio comprises four solar power plants in India with a total capacity of 185 MW. The assets sold include 75 MW in Rajast ..read more

Indian manufacturer VSole has introduced single-phase hybrid inverters in power output ratings of 3 kW to 6 kW. The inverters allow uninterrupted power to the connected loads with a UPS-level switching time of 4 ms. Gujarat-based VSole has introduced the VS-HY series of single-phase, hybrid inverters to manage the flow of electricity between solar panels, grid, and battery storage. The series includes wall-mount inverters featuring MPPT technology, in rated power outputs ranging from 3 kW to 6 kW. These inverters are compatible with both lithium and lead-acid batteries and can also work in con ..read more

German research institute Fraunhofer ISE has unveiled a new metallization process for heterojunction solar cells that reportedly increases power conversion efficiencies by over 0.1% while reducing silver consumption. A device built with the new technique achieved an efficiency of 23.2%. Researchers from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) have optimized the front-side metallization of silicon heterojunction (SHJ) solar cells using very low silver laydown for multi-wire interconnection. “This approach is easy to implement as it does only require th ..read more

Microsoft has signed on for 10.5 GW of renewable energy with Brookfield Renewable Partners. The projects might cost more than $11.5 billion to build, according to BloombergNEF. From pv magazine USA Microsoft has signed the largest-ever corporate power purchase agreement (PPA) for renewable energy, signing on for more than 10.5 GW of capacity in the United States and Europe. The projects are set to begin construction in 2026. BloombergNEF estimates that the portfolio will take over $11.5 billion to build. Microsoft and Brookfield said the deal is nearly eight times larger than any other si ..read more

A German team developed models to illustrate water-saving potential in PERC silicon solar cell manufacturing based on a circular approach and commercially available technology. In the case of a 5 GW fab, water savings of up to 79% and wastewater discharge reductions up to 84% could be achieved, a “significant” improvement compared to a reference scenario. Researchers from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) developed models to assess and compare two circular water strategies in a 5 GW passivated emitter and rear (PERC) solar cell factory. They cla ..read more

SunSource Energy is supplying clean power to the Noida Data Center of CtrlS from its open-access solar power plant in the Jhansi district of Uttar Pradesh. SunSource Energy, a distributed solar energy company, has announced the commissioning of a solar power project for CtrlS, Asia’s largest rated 4 hyperscale Data Centre operator. Under the terms of the agreement, the Noida Data Center of CtrlS is receiving clean power from SunSource Energy’s open-access solar power plant in Gursarai, Jhansi district of Uttar Pradesh. SunSource Energy stated its project will generate around 100 GWh of clean e ..read more