Unveiling India’s carbon credit revolution: From local initiatives to global impact
The Indian carbon credit system, operating under the Clean Development Mechanism (CDM) and the United Nations Framework Convention on Climate Change (UNFCCC), stands ahead in several aspects.
Qatar Investment Authority buys stake in Adani Green Energy
The Qatar Investment Authority (QIA) has acquired a 2.7% stake in Adani Green Energy. It purchased 42,604,601 shares at a price of INR 920 ($11.10) per share.
Indian oil giant enlists PV panel manufacturers for solar projects
A subsidiary of Oil and Natural Gas Corp. is recruiting solar panel suppliers and manufacturers for its future PV projects across India.
India tenders 1.5 GW of renewables storage
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.5 GW of firm and dispatchable power from renewable power projects with energy storage systems. Bidding closes on Sept. 15.
JSW Steel to use green hydrogen to make steel in India
JSW Energy says it plans to set up a green hydrogen plant with an annual capacity of 3,800 tons to supply steel to JSW Steel, driven by 25 MW of renewable energy.
Brenmiller, Waaree Energies to deploy thermal energy storage projects in India
Brenmiller’s bGen system heat crushes rocks and then stores that thermal energy for minutes, hours, or days. The stored heat energy can be used to produce energy in the form of steam for electricity, water, or hot air for industrial applications.
India’s PV module exports surged in fiscal 2023, says ICRA
India exported $1.02 million of solar cells and modules in fiscal 2022-23, and the United States was the top destination, according to ICRA Ltd.
Indian developers switch on 470 MW of hybrid wind, solar
CleanMax has built a 400 MW wind-solar plant in India, which is purportedly the nation’s largest single hybrid project for offtake by the commercial and industrial (C&I) sector.
The solar glass opportunity in India
Large capacity addition in solar modules by 15-20 players is likely to drive domestic solar glass demand, say CRISIL analysts in an interview with pv magazine. New players have expressed interest to set up solar glass manufacturing in India, however, import duty removal last year on solar tempered glass has put them in a wait-and-see mode.
India’s NTPC launches tender for 2 GW of pumped storage
India’s NTPC has launched a tender for 2 GW of pumped storage, with a minimum project size of 200 MW and a minimum storage cycle of six hours. Developers can bid for capacities ranging from 200 MW to 2 GW, and projects can be developed at multiple locations in India. Bidding closes on Aug. 16.
