The cash injection will itself help provide affordable financing for solar and other renewables projects in the power hungry south Asian nation. The national railways operator is doing its bit for solar too.
As renewable energy development is ramped up to address the climate crisis, negative side-effects should be avoided, especially when technology and resources could maximize the benefits. ‘Techno-ecological’ crossovers could ensure win-win outcomes for solar development and ecosystem and biodiversity conservation.
The plan, announced in parliament, is an extension to the bid by the national rail operator to install 1 GW of solar generation capacity during the current fiscal year and hit 5 GW in 2025. The emphasis will be on trackside and static rooftop installations rather than solar train roofs, said India’s minister for railways.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
The U.K. is leaping ahead in its deployment of EV charging infrastructure. Box Energi has chosen Australia’s Tritium Veefil-RT technology to ramp up the number of refill sites around the U.K. in a move which will boost not only accessibility and driving range but confidence in emissions-free driving.
The solar PV system is part of a 1.25 MW portfolio, where power will be sold to the island’s villagers through pre-paid net metering. The Asian Development Bank, with the help of other institutions, is supporting the deployment of solar on the Pacific Ocean’s small island nations.
In Germany, the Korean PV manufacturer increased output to 760 MW last year. Despite a highly competitive environment and persistently high pressure on margins, Hanwha says it is looking to the future with optimism. The company has further diversified away from solar module production in recent months.
Quasi-governmental body the CPIA has released first-half figures for the world’s biggest solar marketplace which show production volumes for export markets continuing to expand and the domestic picture set to rebound after public solar subsidy levels were published.
The London-based developer revealed blockbusting annual figures which show it is debt free, has almost £20 million in the bank, raked in more than half that figure in net profits in 2018-19 and expects twice as much in a year’s time.
Applications to generate electricity from solar plants continue to surge, reflecting the sector’s revival in the country.
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