SOLARbytes’ Post

India adds 20 GW of solar in 12 months to October: Indian PV developers installed 20 GW of solar in the 12 months to October, bolstered by a strong project pipeline. SBI Capital Markets projects 50 GW of combined solar and wind capacity additions in fiscal 2025 and 2026. #RenewableEnergy #Photovoltaic #Technology

Last Fresh Solar industry news Collected by me :-) 1.PV InfoLink: Global PV demand to reach 469-533 GW in 2024 2.Trinasolar’s TOPCon modules yield 2% more in marine settings 3.Microquanta’s perovskite module achieves 23.65% efficiency 4.5 companies win 500 MW n-type module tender in China 5.LONGi posts RMB1.26 billion loss in Q3 2024 financial results 6.Australia commits to 1.4GW of large-scale renewable projects 7.FTC Solar reports Q3 revenues of US$10.1 million 8.Enphase Energy to cut 17% of global workforce 9.NSW approves 320MW Middlebrook solar-plus-storage project 10.Plans for 70GW Western Green Energy Hub progress in Australia

The European Commission is offering 𝟴𝟱 𝗻𝗲𝘁-𝘇𝗲𝗿𝗼 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 a share of €4.8 billion ($5.2 billion) in grants from the latest round of the 𝗘𝗨 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗙𝘂𝗻𝗱. Some of the projects will contribute to 3 GW of new solar manufacturing capacity. The total represents the largest amount designated since the inception of the fund in 2020, taking the total amount of support to €12 billion to date 💡 These projects were chosen from a 2023 call for proposals that received 337 applications, with 283 deemed eligible and evaluated. Read further about the focus points of the projects through the 𝗳𝘂𝗹𝗹 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 in our comments 👉 #Sustainability #CleanEnergy #Renewables

Boviet Solar State-of-the-Art Solar Modules Rated Top Performer in 2024 PVEL/kiwa PV Module Reliability Scorecard Boviet Solar Technology Co. Ltd., a solar energy technology company specializing in manufacturing monocrystalline PV cells, Gamma Series™ Monofacial, and Vega Series™ Bifacial PV Modules, has announced that it was ranked a Top Performer in PV Evolutions Labs’ (kiwa/PVEL) 2024 PV Module Reliability Scorecard. This is the fifth consecutive year that Boviet Solar’s modules have earned this distinction. PVEL is the leading independent test lab for the downstream solar and energy storage industry. Every year, PVEL publishes the PV Module Reliability Scorecard, which provides independent, long-term reliability and performance data that developers, investors, and asset owners refer to when choosing […] Read the full story here: https://lnkd.in/dNJgGfTT #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #bifacialmodules #bovietsolar #globalnews #kiwapvel #pvmodule #pvelpvmodulereliabilityscorecard #solarenergy #solarmodules

Under a moderate scenario, the report said India could install 30 GW of cumulative floating solar capacity from 2024 to 2040. They assumed 1 MW of floating PV would require capital expenditures equalling a levelized cost of energy (LCOE) of INR 4.32 ($0.052)/kWh. The research team assumed an annual reduction of 2.5% in capex, resulting in a gradual decline of the LCOE from floating PV plants, starting from 2024 and extending through 2040. The LCOE is expected to drop to INR 3.72/kWh by 2030 and INR 2.90/kWh by 2040.

Rystad Energy’s latest data reveals renewable energy installations in India surged to a record 7.1 gigawatts (GW) in March, more than doubling the previous record of 3.5 GW set in March 2022. The increase in installations helped India reach its highest-ever annual installed capacity of 18.5 GW for the fiscal year ending on 31 March 2024. The growth was primarily driven by solar installations, up 23% on levels from the 2023 financial year, driven by the commissioning of numerous projects within India's inter-state transmission system network and ultra-mega solar park schemes Read more here: https://lnkd.in/da7xF5Eu #rystadenergy #renewableenergy

The 431 MW Neemuch solar project increased TPREL’s total renewable energy capacity to 10.9 GW. More details on this project here. https://lnkd.in/dGq99N36 #bifacialmodules #CarbonNeutality #MadyaPradesh #NeemuchSolarProject #TPREL

GUVNL Seeks Adoption Of Solar Power Tariff Discovered Through Competitive Bidding For 500 MW Projects #GUVNL #SolarTariff #CompetitiveBidding #PowerProcurement #RenewableEnergy #SolarProjects #IndianSolar #EnergyTransition #TariffAdoption #CleanEnergy https://lnkd.in/gMQ6xnVX

Jevargi Solar Power (Rays Power Infra Limited), Juniper Green Energy, Avaada Group, and ACME Group have won NHPC Limited’s auction to supply 1,200 MW of firm and dispatchable #renewableenergy (#FDRE) from ISTS-connected projects with #energystorage system (Tranche VI). https://lnkd.in/gfMXDPJm