Solar Financial News

Amber Infrastructure Group is a specialist international infrastructure investment manager, with £5bn in funds under management

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, signed a power purchase agreement (PPA) for 9MWp on-campus solar plant with Tata Motors’ Pantnagar plant in Uttarakhand, the company said in a statement. This solar plant will be the largest on-campus solar facility in the state, it added. The solar installation includes an effective approach towards Tata Motors sustainable future goals, with an estimated carbon emission reduction of 25 tonnes of CO2/kWp in Uttarakhand.

solar exports from Southeast Asia, saying the move will slow clean energy deployment and harm climate progress. “We’ve gone from toasting the anniversary of the Inflation Reduction Act and its positive impacts on America’s energy transition to lamenting the imposition of harmful solar tariffs that will severely constrict solar availability in the US,” Gregory Wetstone, president of the American Council on Renewable Energy, said Friday in an interview.

Hanwha Energy Australia has tapped Azure Capital to find a like-minded investment partner for its shovel-ready solar and battery storage assets in New South Wales.

solar panels on new single-family homes to get some breathing room—even if it has to buy most of the panels from China. The policy in one of the world’s largest metropolises is a test case for whether solar power makes sense on urban rooftops. The idea has long drawn attention as a way to fight global warming but has advanced relatively slowly worldwide, apart from a rooftop solar mandate in California pushed by Democratic Govs.

Tata Power Solar Systems through competitive bidding. The power usage agreement (PUA) for the 300 MW solar project was signed between NLC India and RUVNL on 17 August at Jaipur for supply of solar power to the State for the next 25 years.

SJVN Ltd has inked two pacts with Punjab State Power Corporation Ltd (PSPCL) to supply 1,200 MW of solar power from its projects, Punjab Chief Minister Bhagwant Mann said here on Thursday. Satluj Jal Vidyut Nigam signed two power purchase agreements (PPAs) for 1,200 MW solar power recently. PSPCL had floated tenders for procurement of power from solar projects located in Punjab and other parts of the country.

Igneo Infrastructure Partners has inked a deal to acquire Victoria’s Karadoc Solar Farm from German renewable energy developer BayWa r.e. via its renewable energy arm, Street Talk understands.

(Reuters) — German conglomerate Siemens (ETR:SIEGn) said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin.

Solar Opposites" is scheduled to premiere on August 14, 2023, exclusively on Hulu. Following the format of the previous season, this upcoming installment will also comprise a total of 11 episodes.

Stocks that traded heavily or had substantial price changes Friday: IonQ, Spectrum Brands rise; Maxeon Solar, Cano Health fall

Meghalaya cabinet has approved a proposal to scrap a 500 MW thermal power project after the North Eastern Electric Power Corporation Limited (NEEPCO) expressed its interest in green energy, Power Minister AT Mondal said on Saturday. The minister said that following the cabinet clearance, an MoU signed with the company will now stand scrapped, though the government will continue to pursue the project with other interested parties in the future to bridge the huge power deficit.

Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy

SJVN Ltd has signed inked pacts with Oil & Natural Gas Corp. (ONGC) and Sambhar Salts Ltd.

₹8,100 crores. The scheme has been extended till the fiscal year 2025-26, without any additional financial outlay.

₹3.80/kWh and the energy generated from the project shall be used by MP state DISCOMs," the company said in a statement. Upon the successful completion of this venture, NTPC’s floating solar capacity is set to surge to an impressive 342 MW.

Alberta Premier Danielle Smith says Ottawa is one of the reasons why her government has placed a moratorium on approving new wind and solar power projects, arguing the feds are preventing development of backup generation for renewable energy like natural gas.Smith, whose government surprised the province’s renewable energy industry last week by announcing a six-month freeze on new projects greater than one megawatt, told her provincewide radio call-in program Saturday that backup plants powered by natural gas are needed for when wind isn’t blowing or the sun isn’t shining.But, she said, the federal government doesn’t want Alberta to add any new natural gas electricity plants to the grid.“So I’ve told them, how can I bring on additional wind and solar if I’m not able to secure the reliability of my power grid by being able to bring on natural gas peaker plants? That’s the heart of the problem,” Smith said.“No one is proposing any new natural gas plants because the federal government has created so much uncertainty in the market.”The rationale was confusing for an energy market economist, as well as a representative of a renewable energy industry group, who said there isn’t a requirement in Alberta’s market for generators to be able to supply power 24-7.“If somebody adds solar to the grid, you don’t need to add backup to compensate for it,” said Andrew Leach, a University of Alberta energy economist. “It just adds a source of cheap electricity for times when it is sunny outside.”“Essentially, you bring your power to the market every hour and see what it sells for.”Leach said it’s possible the addition of cheap wind and solar energy could discourage natural-gas powered projects by lowering the price of electricity.

In October last year, the trust said it would be undertaking a strategic review, due primarily to 'structural challenges in the US solar sector' as well as its widening discount to NAV.

Torrent Power Ltd (TPL) has entered into an agreement with subsidiaries of Shapoorji Pallonji & Company Private Limited (SPCPL) for the supply of 132 MW solar power in Gujarat. The estimated project cost of the 132 MW project is Rs 700 crore, TPL said in a statement.

New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, on Wednesday signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects, 200 MW and 150 MW, respectively.