Tuesday, April 7, 2026
spot_img

Home Blog Page 1088
Sofar
Sineng
UPEX 2026

5 States Lead in State Energy Efficiency Index 2021-22: Andhra Pradesh, Karnataka, Kerala, Rajasthan, and Telangana

By
Sangita Shetty
-
0
Union Minister releases State Energy Efficiency Index (SEEI) 2021-22 report

Union Minister of Power and New & Renewable Energy, Shri R. K. Singh released the report of State Energy Efficiency Index (SEEI) 2021-22. The SEEI was released during the RPM (Review, Planning and Monitoring) meeting of States and State Utilities in New Delhi. The index developed by the Bureau of Energy Efficiency (BEE), a statutory body under the Ministry of Power, in association with Alliance for an Energy-Efficient Economy (AEEE), assesses, the annual progress of states and UTs in energy efficiency implementation, for FY 2020-21 and 2021-22. SEEI 2021-22 has an updated framework of 50 indicators aligned with national priorities. Programme-specific indicators have been included this year to track outcomes and impacts of state-level energy efficiency initiatives.

In SEEI 2021-22, 5 states – Andhra Pradesh, Karnataka, Kerala, Rajasthan and Telangana – are in the Front Runner category (>60 points) while 4 states – Assam, Haryana, Maharashtra, and Punjab – are in the Achiever category (50-60 points). Further, Karnataka, Andhra Pradesh, Assam and Chandigarh are the top-performing states in their respective state groups. Telangana and Andhra Pradesh showed the most improvement since the last index.

Launching the index, Shri R. K. Singh said, “As we transition to a low-carbon economy, it is crucial to ensure sustainable development with Energy Transition that ensures no one is left behind. Periodic tracking of states’ energy efficiency progress and outcomes is essential to contribute effectively to the nation’s climate commitments.”

Director General, BEE said, “India is committed to achieving NDC goals and transitioning to a net-zero economy by 2070. This requires collaboration between central and state governments, judicious resource allocation, policy alignment, and regular progress tracking. The SEEI tracks progress in managing states’ and India’s energy footprint, driving energy efficiency policies and programmes at the state and local level.”

The SEEI improves data collection, enables cross-state collaboration, and develops energy efficiency program ideas. It helps states identify areas for improvement, learn from best practices, and adopt an economy-wide approach to energy efficiency implementation. By prioritizing energy efficiency, it aims at driving decarbonisation efforts and achieve a more sustainable future.

The index is designed to help track progress on state goals for energy savings and reduction in emission intensity and outlines the following recommendations to help states drive change in EE which will contribute towards the fulfillment of SDGs and NDC:

  1. Enabling fiscal assistance for energy efficiency in the focus sectors
  2. Developing institutional capacity in states and UTs to address emerging needs and challenges in energy efficiency implementation
  3. Enhancing cross-functional collaborations across financial institutions, energy service companies, and energy professionals in large-scale energy efficiency implementation in states
  4. Mainstreaming energy data reporting and monitoring across sectors

AIIB Approves $120 Million Investment In Seraya Southeast Asia Energy Transition And Digital Infrastructure Fund

By
Pooja Chandak
-
0
A file photo of AIIB Enhances Support for Southeast Asia’s Green Transition and Sustainable Infrastructure Development, Board of Directors Meets at Bank’s Headquarters

The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved an investment of up to USD120 million in the Seraya Southeast Asia Energy Transition and Digital Infrastructure Fund (the Fund). The investment aims to support the region’s green energy transition and technology-enabled infrastructure development, which is also expected to improve cross-border digital connectivity within Asia.

The Fund aims to allocate its investments in digital infrastructure (e.g., data centers) and energy transition opportunities (e.g., offshore wind farm vessel operations, transport electrification opportunities, low energy building solutions, and other related subsectors).

While green energy transition is the centerpiece of global efforts to achieve sustainable development, address climate change and accelerate a new age of inclusive, low-carbon growth, the Fund is expected to contribute toward the reduction of greenhouse gas emissions and achievement of Net-Zero targets through increasing renewable energy capacity.

“AIIB plays a major role in building more resilient and sustainable energy infrastructure to deliver significant socioeconomic benefits, meet growing demand of our Members’ economies and help achieve global climate objectives,” said Urjit R. Patel, AIIB Vice President, Investment Operations (Region 1). “AIIB is committed to catalyzing the flow of capital toward renewables and energy transition-related infrastructure to build a more resilient and sustainable energy system for our Members.”

National Bank of Fujairah Provides Credit Facility to CleanMax for UAE Rooftop Solar Portfolio

By
Sangita Shetty
-
0
Representational image. Credit: Canva

The National Bank of Fujairah (NBF) announces that it has provided a long-term credit facility to CleanMax for refinancing its rooftop solar portfolio in the UAE. The facility will cover 48 different operational rooftop solar assets, located on industrial facilities, malls, schools and universities.

Locally available bank finance is critical to the growth of any rooftop solar market. This new partnership between NBF and CleanMax therefore represents a significant step towards meeting the goals of UAE’s Energy Strategy, which aims to have 50% clean
energy in the energy mix by 2050.

Vince Cook, CEO of NBF, said “We are delighted to announce our partnership with CleanMax, in line with our broader sustainability goals, including our continued commitment to expand our portfolio in clean energy. Facilities in this industry require long–term, tailor made solutions and we are proud to have developed a structure that works for both CleanMax and us. With their vast experience and established portfolio in decentralized renewables, we are confident that this project will provide a new benchmark in the market and contribute to the UAE’s COP28 ambitions and clean energy strategy.”

CleanMaxFounder and Managing Director , Kuldeep Jain , added “This facility will further accelerate the growth of our rooftop solar portfolio in the UAE and we want to thank the NBF team for their efforts in making this possible. I think it highlights their ability to lead the way in financing clean energy in the region. Ours is a very capital intensive business, and participation by local banks is really quite critical to the long term success of the industry. I know a lot of hard work went into getting this first phase over the line within the NBF system, but we now have a workable template which should make expanding the relationship quite easy.”

NHPC Floats EPC Tender For Developing 300 MW Floating Solar Project in Odisha

By
Sangita Shetty
-
0
Representational image. Credit: Canva

NHPC Limited has issued an engineering, procurement, and construction (EPC) tender for the development of a 300 MW floating solar power project along with a 220 kV transmission line at Rengali Reservoir in Angul, Odisha.

The proposals must be submitted by May 17, 2023, and on May 23, the bids will be revealed.

An amount of Rs. 100 million as earnest money deposit, is required from each bidder. Further, performance security equal to 3% of the contract’s value must be additionally provided by the winning bidder.

Within 21 months of getting the work order, the project must be commissioned.

For a period of five years, the chosen developer will also be responsible for managing all aspects of the project’s operation and maintenance (O&M).

The contractor is liable for liquidated penalties in the amount of Rs. 20,850/ MW per day of unfinished capacity if the project is not finished within the allotted time frame. The entire amount of liquidated damages should not be more than 10% of the contract value.

Additionally, during the O&M term, any deficit in power generation will be made up to 10% of the quoted generation at the current tariff. Up to 25% of the yearly contract value will be taken from O&M contract payments as a recovery of compensation. 

The performance bank guarantee, which will be renewed by the EPC Contractor within three months, will be used to recoup any excess.

In order to participate in the bidding process, bidders must have expertise in erecting solar projects with a total installed capacity of a minimum of 40 MW, at least one of which must be 10 MW in capacity or more.

The minimum operating capital requirement for bidders is Rs. 1.7 billion.

As an EPC contractor or developer, applicants must have finished at least one electrical substation having a voltage of 33 kV or greater. Before the deadline for bid submission, the project must have been in operation for at least a year.

Further, enterprises having a minimum worth of Rs. 1.5 billion of a single project and functioning for over a ten-year period as a developer or EPC contractor in the process industry or infrastructure development are also qualified to submit a bid.

The prior 3 fiscal years’ average yearly turnover for bidders must be at least Rs. 3.1 billion to partake in bidding. For at least 3 of the previous 5 fiscal years, their net worth should have been positive.

Eritrea to Receive $49.92 Million Grant for 30MW Solar Power Plant Project

By
Sangita Shetty
-
0
alternative alternative energy close up electricity
Representational image. Credit: Canva

The African Development Fund (ADF-15) and the Transition Support Facility (TSF) have approved a grant of US$49.92 million for the construction of a 30-megawatt solar photovoltaic power plant in Eritrea. The Dekemhare 30-megawatt photovoltaic solar power plant project aims to increase the country’s grid energy to 365 gigawatt-hours/year and boost socio-economic development.

The project includes the design, construction, supply, and installation of a 30 MW grid-connected solar photovoltaic power plant with a 15 MW/30 MWh battery energy storage system, a 33/66 kV substation, and a 66 kV transmission line connected to the existing transmission line between East Asmara and Dekemhare, located about 1 km from the project site. The second component of the project includes technical assistance and capacity building to support large-scale renewable energy projects and improve the operational performance of the grid.

Eritrea experiences inadequate, unreliable, expensive, and polluting electricity supply. The project aligns with the 2018 National Energy Policy and Eritrea’s Vision 2030, which aims to increase the electrification rate and supply 20% of electric power demand through renewable energy sources. The project will reduce greenhouse gas emissions by 42,910 Gg CO2-eq per year and increase the share of renewable energy in the grid’s energy mix from 3% to 23%.

The government of Eritrea is the beneficiary of the grant, and the Ministry of Energy and Mines is responsible for its implementation. The project will create temporary jobs during project implementation and long-term jobs after project completion, leading to increased economic opportunities and job creation.

The project aligns with the Bank’s Desert to Power project, providing renewable energy via solar for 250 million people across eleven countries in the Sahel and East Africa, making it the largest solar zone in the world.

WIKA India Turns All Four Factories Solar-Powered, Taking a Big Step Towards Sustainability

By
Sangita Shetty
-
0

WIKA India, the global market leader in pressure, temperature, level, force, and flow measurement, as well as in calibration announced the installation of solar panels for its Ghaziabad factory. This step turns WIKA’s all four factories across India solar power enabled implying a big step towards sustainability. The brand-new roof-top solar system at Ghaziabad factory has an impressive capacity of close to 0.5MW.

According to Mr Gaurav Bawa, Sr Vice President, WIKA India, “This initiative is a significant milestone for us, as we continue our journey towards a greener future. WIKA always believes in sustainable operations and strives to incorporate best practices in all its endeavours. The solar system will not only help us to reduce our carbon footprint but also significantly lower our energy costs.”

“Advancements in technology in every sector is fundamental to greener future and WIKA looks forward to play a crucial role in market creation and quality interventions towards creating a product line that reflects ‘Engineering Towards Net Zero’. Solar driven manufacturing facility shows our intent to be the most sustainable manufacturing company twice over. We are not only engineering our products for optimum performance but are ourselves orienting towards best usage of natural resources,” Bawa added.

WIKA has embarked on a path of continuous optimisation, market, and customer orientation, with an uncompromising approach to quality, and environmental protection. WIKA reaffirmed their commitment to manufacturing with a positive impact on the environment. It hopes to lead the way toward embracing clean manufacturing and weave a story that can inspire others to follow suit.

Servotech Power Systems Appoints B. Tripati Patro as Senior Vice President – Operations

By
Sangita Shetty
-
0
Mr. B. Tripati Patro, Sr. VP - Operations

Servotech Power Systems Ltd., a leading player in the solar, EV charging and green power solutions space, announced the appointment of B. Tripati Patro as Senior Vice President – Operations. His appointment is one of the strategic steps that will help the company to achieve new benchmarks. 

Patro will be leading all the operations of the Servotech’s manufacturing plant at Sonipat. Also, mentor staff members, ensure customer service performance, lead a cohesive team of senior managers in operations with consistent employee engagement across levels. Implementation & development of annual operating plans to ensure increased revenue & profits, considering cross-functional and digitization initiatives to strengthen the business will also become core responsibilities of his work profile. 

Patro comprehends 33 years of rich experience across the Solar and Power Industry in sales, servicing, manufacturing, plant operations, training, quality assurance, Integrated Management Systems ,greenfield projects etc. Prior to his arrival at Servotech, he was in charge as Director – Li-Ion Operations at UTL Solar, CEO at Max Pacific Corporation, Head-Product Development & Certification Lab at Microtek International, General Manager – Plant Operations at Fuji Electric Chennai Plant , Operations Head at Emerson Network Power (Vertiv) and Vice President at Numeric India (A Group Brand Legrand). After B.Tech in ECE, he did MBA from Pondicherry University and the Senior Management Programme from IIM, Calcutta. He is passionate about process excellence and gold medallist in QMS LA course. He has successfully completed the IRCA certified Lead Auditor (LA) course for QMS, EMS, OSHAS & ISMS.

Talking about his new role, Patro said, I am very excited joining the team Servotech, there is enough opportunity to contribute here as we have high ambitious goals and he will be a catalyst in the transformation of the manufacturing with kaizen based lean manufacturing, zero defect products, on-time and in-tact deliveries to enhance the customer satisfaction. As a transformational coach I will build a winning team with the 4 important mantras (Founder mindset, Customer first, Quality first & Team first) so that the brand “SERVOTECH” will be most coveted brand in the world. Commenting on the appointment, Raman Bhatia, Founder and Managing Director, Servotech Power Systems, said, I am elated to have someone like Tripati Patro in the Servotech Team. His expertise in operations will help the company to grow and develop with renewed enthusiasm. I am confident about his potential of optimising growth and business through innovative ideas and visionary approach.”

Solar Power Performance Turns Sunnier in Fiscal 2022, but 25% Projects Underperformed: CRISIL Ratings

By
Sangita Shetty
-
0
Representational image. Credit: Canva

According to a recent study by CRISIL Ratings, the performance of solar power projects has improved this fiscal year, with around 75% of the projects expected to exceed their P90 level of generation, compared to 59% last fiscal year. However, the study also indicates that 25% of the projects did not meet their P90 level, which can impact the cash-flow cushion available for debt servicing. This underperformance is not alarming as it is largely due to volatile levels of solar irradiation, which can fluctuate from year to year.

The P90 metric is crucial as it is used to estimate the cash-flow cushion available for debt servicing. A project’s future cash flows are estimated at generation corresponding to the P90 level of confidence to account for the volatility in solar irradiation. A material and continuous underperformance with respect to P90 can result in lower-than-expected cushion for debt servicing.

However, the median ratings of the underperforming projects are largely unaffected as 55% of these had generation just 0-1% below their P90 level, and another 20% fell short by 1-1.5%. This level of underperformance reduces the debt-servicing cushion, but does not impair debt-servicing capability.

Two-thirds of the underperforming projects did so because of lower irradiation, while others underperformed due to operational issues such as machine or plant breakdown and grid unavailability, which are temporary and controllable. Once the issues are rectified, their performance should improve.

CRISIL Ratings predicts that the performance of these projects should recover towards expected levels, as irradiation levels are expected to be mean-reverting. The solar sector’s long-term credit health and growth depend on improving irradiation levels, which can reduce confidence on modelled cash flows and curtail interest from debt and equity investors if they continue to dwindle.

ADB and Tata Power Delhi Distribution’s Partnership to Boost Energy Storage and Grid Enhancements in India

By
Sangita Shetty
-
0
Representational image. Credit: Canva

The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power Co Ltd (Tata Power), entered into an agreement to subscribe to non-convertible debentures for 1.5 billion Indian Rupees (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid enhancements, and a $2 million grant to partially finance the purchase and integration of a pilot battery energy storage system (BESS).

The senior secured financing will be used to commission a new 66/11-kilovolt grid, augment and expand transformers, substations, feeder lines, and switching stations, install smart meters, and replace obsolete electrical equipment and meters.

The 10-megawatt-hour (MWh) BESS is South Asia’s first grid-scaled energy storage project at the distribution transformer level. It will enable electricity to be stored and delivered on demand, reducing grid instability, and providing the flexibility to integrate intermittent solar and wind energy resources. The grant to finance the BESS is provided by Goldman Sachs and Bloomberg Philanthropies’ Climate Innovation and Development Fund (CIDF) and administered by ADB.

“Power distribution is a crucial link in the electricity supply chain, and at times one of the most vulnerable. Mainstreaming a battery energy storage system at the distribution transformer level will better integrate renewable energy sources and contribute to a more disaster-resilient power distribution system for Delhi,” said ADB’s Director General for Private Sector Operations Suzanne Gaboury. “As Asia’s Climate Bank, ADB supports India’s climate goals through innovative technologies and the catalyzing of private capital to finance green projects.”

“The battery energy storage system plays a crucial role in building a resilient grid and paves the way for a future-ready power distribution network.  We thank ADB for administering this grant for the integration of the pilot BESS with TPDDL’s network. This will enable us in ensuring high-quality power supply for consumers and help integrate clean energy into the power supply mix,” said Tata Power CEO and Managing Director Dr. Praveer Sinha.

In 2022 India’s Ministry of Power targeted battery storage capacity of 4% of total electricity consumption by 2030. To reach that goal, India would need a total battery energy storage capacity of 182 gigawatt-hours by 2030. ADB’s financing through CIDF for the pilot BESS will provide proof of concept and lessons learned by TPDDL to implement a planned additional 50 MWh of BESS capacity.

Launched in September 2021, CIDF is a blended finance facility managed by ADB, established with an initial $25 million philanthropic commitment from Bloomberg Philanthropies and Goldman Sachs. The fund has the potential to unlock up to $500 million in private sector and governmental investments in support of sustainable low-carbon economic development and help catalyze a clean energy transition in South and Southeast Asia.

TPDDL is a joint venture between Tata Power Company Limited and the Government of the National Capital Territory of Delhi. TPDDL supports over 3200 employees and has a customer base of 1.9 million connections. Its operational area spans 510 square kilometers with customers across industrial, commercial, household, and agricultural segments. In 2002, TPDDL was awarded a 25-year license to distribute and transmit electricity in Delhi’s north and northwest regions. Tata Power is one of India’s largest integrated power companies.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Neyveli Lignite Corporation Invites Bids for 200 MW Solar Power Project on ISTS Grid

By
Sangita Shetty
-
0
Representational image. Credit: Canva

Neyveli Lignite Corporation Limited (NLC) has released a tender for the supply of a 200 MW Solar Power Project, which will be ISTS grid-connected on a pan-India basis. The project must be completed within 15 months from the date of the letter of award, and the successful bidder must undertake the operation and maintenance of the project for three years.

Interested bidders must submit ₹5.47 crore as bid security, and the last date to submit bids is May 9, 2023. To be eligible for the bid, the bidders must have executed contracts for the supply, installation, and commissioning of grid-connected solar power projects of cumulative installed capacity of 10 MW or above within the last seven years. Additionally, at least one project out of the total capacity must have been of 5 MW capacity or above in a single location, which should be in successful operation for at least six months as of the bid opening date.

Bidders should have executed at least one electrical substation of 33 kV or above voltage level, consisting of equipment such as 33 kV or above voltage level circuit breakers and power transformers, either as a developer or as an EPC contractor, which should have been in successful operation for at least one year before the bid opening date.

Bidders should also have an average annual turnover of ₹219 crore for the last three financial years and must also have a positive net worth as per the latest audited financial statement.

For more details view tender document below:

specification_tender_No_2324000017_compressed-1-4Download

Indian Railways Awards 1 GW RTC Hybrid Power Auction to Sprng Energy, NTPC, Ayana Power, and O2 Power

By
Sangita Shetty
-
0
Representational image. Credit: Canva

Four companies have won the auction to supply 1 GW of round-the-clock (RTC) power to Indian Railways for a 25-year period from grid-connected renewable power projects. The companies that won are Sprng Energy, NTPC Renewable Energy, Ayana Power, and O2 Power. The projects will be developed across India.

Sprng Energy secured 100 MW capacity by quoting ₹3.99/kWh, while NTPC and Ayana Power won 500 MW and 300 MW, respectively, with bids of ₹4.10/kWh. O2 Power won the remaining 60 MW capacity by quoting ₹4.27/kWh

The minimum bid capacity stipulated by the tender was 250 MW, and any bidder from a nation that borders India on land could participate provided they had registered with the appropriate authority.

The projects must have an annual availability of 75% for the first four years and 85% for the remaining contract years. Commissioned projects are excluded from consideration for this procurement, and developers must acquire the land needed for the renewable energy project.

If necessary, the developer may decide to incorporate an energy storage system (ESS) into the project or enter into a separate agreement with a third party. The energy stored in the storage system can also be included in the supply, provided it should be from renewable sources.

The approved list of models and manufacturers published by the Ministry of New and Renewable Energy should be used to source the solar modules for the projects. Additionally, wind turbines from manufacturers on the Revised List of Models and Manufacturers shall be employed.

In the event of a power supply deficit, the developer will be liable for the shortfall energy at a rate equal to 200% of the tariff for that contract year, computed on an annual or time block basis.

Indian Railways Invites Bids To Procure 1 GW Renewable Power

Global Experts Urge Continued Growth of Photovoltaic Manufacturing and Deployment, According to NREL-led Workshop

By
Sangita Shetty
-
0
Representational image. Credit: Canva

Experts on solar power are calling for a continued commitment to the growth of photovoltaic (PV) manufacturing and deployment to meet the world’s decarbonization goals. The consensus, reached during the 3rd Terawatt Workshop in 2018, suggests that about 75 terawatts or more of globally deployed PV will be needed by 2050. The workshop, led by representatives from the National Renewable Energy Laboratory (NREL), the Fraunhofer Institute for Solar Energy in Germany, and the National Institute of Advanced Industrial Science and Technology in Japan, gathered leaders from around the world in PV, grid integration, analysis, and energy storage, from research institutions, academia, and industry.

The increasing acceptance of PV technology has led experts to suggest that waiting for a consensus on other energy pathways or technological miracles is no longer an option. The report from the workshop noted the window is increasingly closing to take action at scale to cut greenhouse gas emissions while meeting global energy needs for the future. PV is one of the very few options that can be immediately used to replace fossil fuels. The report also highlighted the need for makers of silicon solar panels to reduce the amount of silver used and the PV industry to continue to grow at a rate of about 25% per year over the next critical years. Additionally, the industry must continuously innovate to improve material sustainability and reduce its environmental footprint.

The target of 75 terawatts of installed PV is both a major challenge and an available path forward. Recent history and the current trajectory suggest that it can be achieved. The workshop participants also said that solar technology must be redesigned for ecodesign and circularity, although recycling materials is not an economically viable solution at present for material demands given the relatively low installations to date compared to the demands of the next two decades.

Westbrooke Launches Solar Strategy to Private Investors to Combat the Local Energy Crisis

By
Sangita Shetty
-
0

Leading South African alternative investment manager Westbrooke Alternative Asset Management has announced the launch of its new Renewable Energy Alternatives investment strategy (Westbrooke REAL).

The Westbrooke REAL strategy is to invest in and partner with small and medium-scale embedded generation solar projects and allow investors to participate in the returns generated by such projects which are enhanced by tax incentives, which have recently been expanded by government. Westbrooke REAL provides investors with access to a portfolio of solar photovoltaic (PV) projects underpinned by long-term cash flows through power purchase agreements concluded with high-quality end-users. 

Dino Zuccollo, Westbrooke Alternative Asset Management’s Head of Product Development and Distribution provided insight into how the strategy can deliver sustainable returns beyond conventional investments. “By providing funding solutions to a ‘real’ crisis in South Africa’s energy availability, we plan to become a key equity funder to green energy solar projects alongside our partners. The unique Westbrooke REAL investment structure allows clients to enhance the normal 125% Section 12B tax deduction to up to 250% of their cash invested*, thereby providing for a full return of their investments within a maximum 2-year period. Notwithstanding the short capital repayment period, investors will thereafter remain invested in a high-quality solar project that will deliver them attractive yields of up to 20 years.”

A key aspect of the strategy is the use of Government’s attractive Section 12B tax deduction. During the 2023 Budget Speech, the Minister of Finance expanded the Section 12B tax incentive to enable taxpayers to claim up to a 125% up-front tax deduction for all renewable energy projects with no thresholds on generation capacity. The expanded deduction is only available for projects brought into use for the first time between 1 March 2023 and 28 February 2025. 

Previously, the use of Section 12B was limited to corporate and institutional renewables investors. Westbrooke’s REAL strategy changes this paradigm by enabling investors to use this deduction against their taxable income calculations while promoting and facilitating investments in alternative renewable energy production in South Africa. 

“The timing for the launch of the strategy is opportune, for both investors and solar asset owners alike,” says Saul Maserow, Fund Manager of the Westbrooke Real strategy, “Currently, South Africa’s energy demands far surpass its supply. There is a significant shortfall in the supply of electricity from traditional sources. As an active investor in the space, we aim to offer our solar co-partners more than just equity funding. Westbrooke provides fast, flexible, value-add solutions. Our investment risk philosophy and proven approach to partnering on similar projects allow us to understand inherent complexity and help our partners scale and grow.  This has already allowed us to build a strong pipeline with aligned, reputable, high-quality experienced partners within the renewable energy industry.”

Westbrooke seeks to invest in the following:

  • Small scale and medium scale embedded generation projects which are either grid tied or in a hybrid system (batteries/generators).  This will range from project sizes of 100KW (c. R1 million) up to 10MW (c. R100 million) with the ability to invest in larger products.
  • The focus is on commercial, industrial and agricultural solar PV systems.
  • Hybrid systems linked to Battery Energy Storage Systems (“BESS”) or tied in with generator power to maintain operation during load-shedding
  • Existing and greenfield solar PV projects, with the mandate including equity invested in the development phase of a greenfield project
  • Exclusions from the mandate include residential solar projects which don’t qualify for the Section 12B incentive. If the Section 12B incentive is expanded to allow residential systems, these will be included in the mandate at a later stage.

It is anticipated that South Africa’s small-scale solar PV embedded generation capacity will reach a total capacity of 7.5GW by 2035, roughly equating to an investment value of R75 billion, based on an annual growth rate of 300 MW to 500 MW per year or roughly R5 billion. Strategies like Westbrooke REAL will help South Africa get there faster and give both the corporate and private sectors sustainable energy security. At the same time, investors can now harness natural energy for sustainable returns.

Menlo Electric Becomes One Of The Largest Deye Inverters’ Distributor in EU

By
Sangita Shetty
-
0
From the left: André Zimmermann, Head of EU at Deye Inverter Technology Ltd, Marcin Zienkiewicz, Head of Procurement and Trading at Menlo Electric, Bartosz Majewski, CEO at Menlo Electric

Menlo Electric, the leading distributor of solar photovoltaic panels, batteries and inverters in Europe, Middle East and Africa, has expanded its product portfolio with inverters and batteries from the world’s leading manufacturer, Deye.

In 2022, Menlo Electric delivered more than 600 MW of components to 30 countries, from Spain to Finland and from the United Kingdom to Lebanon. The company is a top 5 EU distributor of global module manufacturing leaders, Jinko Solar and Risen Energy and leading European distributor of JA Solar modules and inverters from Sungrow, SolarEdge and FoxESS. Now, Deye products have been added to this carefully selected portfolio. 

Ningbo Deye Inverter Technology Co., Ltd. founded in 2007 and listed on Shanghai Stock Exchange in 2021, is one of China’s high-tech enterprises and a subsidiary of Deye Group. With a plant area of over 15,000 m2 and complete production and testing equipment, Deye has become a major player in the global solar inverter market.

Deye’s product line of components includes string inverters, hybrid inverters, batteries and all-in-one sets. In 2022, Deye’s shipments of its microinverters exceeded 750,000 units, grid-tied string inverters reached 250,000 units, and hybrid inverters – 330,000 units, with a year-on-year increase of almost 242,6% in total annual shipments.

“Customers around the world appreciate Deye products for their small size and lightness. They are known for their exceptional cooperation with the generator and a great all-in-one solution – with an EV charger. Deye hybrid inverter is the largest one on the market (up to 50kW). Menlo Electric’s clients will also be able to benefit from local, multilingual technical support offered by both: Deye and Menlo Electric.” – explains Marcin Zienkiewicz,  Head of Procurement and Trading of Menlo Electric.

​“In Menlo Electric, we have found a major distribution partner for the European market. Thanks to Menlo Electric’s dense warehouse network, customer across the continent can benefit from great availability, short delivery times and quick access to Deye inverter and battery solutions. We are confident that this partnership will help significantly expand the awareness of our brand in Europe.”- André Zimmermann, Head of EU at Deye Inverter Technology Ltd mentioned.

In connection to the latest news, Menlo Academy is organizing two free of charge webinars focused  Deye products: 

On April 13, 2023 at 10 a.m. there will be a webinar in Polish:  https://menloelectric.clickmeeting.com/861931512/register

On April 14, 2023 at 10 a.m. there will be a webinar in English: https://menloelectric.clickmeeting.com/product-training-learn-about-hybrid-inverters-from-deye/register

Trina Solar Vertex S+ 440Wp nType Dual-glass Modules Arrive in Australia

By
Sangita Shetty
-
0

Trina Solar Co., Ltd. (Trina Solar), a leading global PV and smart energy total solution provider, announced the availability of the NEG9R.28, the latest Vertex S+ module in Australia. Featuring a white rear encapsulate for a maximum output power of 440W and efficiency reaching 22%, the ntype dual-glass module comes with a lightweight, small form factor design that can flexibly accommodate the requirements of residential as well as commercial and industrial (C&I) rooftop usage scenarios.

(Photo: A container of Vertex S +, NEG9R.28, has just arrived at local distributor’s warehouse.)

“Our deep understanding of the Australian market informed us that, besides power and efficiency,our customers look for modules that are capable of withstanding the diverse range of Australian climates,” said Edison Zhou, Country Manager, Trina Solar Australia. “We’re confident that our Australian customers will find the new NEG9R.28an excellent module option. Not only is it designed with our LCOE-oriented principle in mind and provides excellent mechanical load performance, but it is also backed by our industry-leading product and power warranty to help customers achieve greater savings in a time when energy prices are expected to continue rising.”

Small in Size, Bigger on Power

The Vertex S+ NEG9R.28 is a monofacialntype module based on the 210mm technology platform.Upgraded to feature ntype i-TOPCon cells, the latest Vertex S+ module can deliver as much as 9.6% more power compared to similar 182 p-cell modules over the span of 25 years. The improved performance amounts to 32,146kWh, which is enough to power an electric vehicle to travel 224,797km.

Considering the differences in the rooftops of Australian residential spaces, Trina Solar designed the latest Vertex S+ NEG9R.28 module to be compact and lightweight – measuring just below 2m2and 21.1kg – so that the modules can easily fit and be installed in a wide range of scenarios. Further ensuring flexibility, the NEG9R.28 has a short circuit current of less than 10.7A, and is compatible with the majority of commonly used inverterson the market.

Trusted Reliability and Extended Warranty

Founded over 25 years ago, Trina Solar is a trusted industry leader offering high quality PV products and solutions that are designed to last for generations.The advanced ntype cells in the Vertex S+ NEG9R.28allows the module to keep power degradation at just 1% in the first year of deployment and annual power attenuation at only 0.4%.The robust 1.6+1.6mm dual-glass designallows for high reliability and resistance to external factors, deliveringsuperior flame-retardant performance with a fireproof class of A+C, outstanding mechanical load of up to +5400Pa and -4000Pafor use under extreme weather conditions, as well as excellent resistance to micro-cracks that are typically introduced during the transportation and installation process.Underscoring its commitment to offering customers in Australia the most advanced solar technologies that deliver longevity, Trina Solar offers an industry-leading 25-year product warranty and 30-year power warranty.

A Step Towards a Greener Future

In addition to helping customers transition towards renewable energy with its industry-leading PV products and smart energy total solutions, Trina Solar embraces sustainability in its product design as well. By replacing the plastic backsheetwith a dual-glass design, Trina Solar reduces its use of plastics, effectively lowering carbon emissions in production by 11% while improving product recyclability and extending product life for the benefit of customers.

Earlier this year, the company announced that it has ramped up the production of 210mmntype i-TOPCon cells and the successful production of the first 210mm ntype monocrystalline ingot in its Qinghai factory, demonstrating its commitment to meeting increasing market demands for high-power PV modules and promoting the adoption of renewable energy among Australian customers.

Alchemie Ventures Invests $4 Million in Prozeal Infra for Solar Projects

By
Sangita Shetty
-
0
Representational image. Credit: Canva

Prozeal Infra Engineering Pvt. Ltd. has announced their first round of funding led by Chandrakant Gogri’s family office arm – Alchemie Ventures. The $4 Million (approx. INR 32.5 Crore) investment is for a minority stake at an undisclosed valuation. The funds will be used to scale operations and execute developer-model projects for energy and utility companies. Incorp Advisory was the exclusive investment banker for the transaction, which represents the largest Series-A fundraising transaction in India’s Solar EPC space in over 2 years.

Prozeal Infra is a home-grown venture founded by two Ahmedabad-based co-founders. The company already has an order book worth INR 1,000 crore ($120 million) that will be fulfilled over the next twelve months. In FY25, they expect to exceed INR 1,500 Crore ($187.5 Million) in revenue.

Manan Thakkar, co-founder at Prozeal, said, “We are aligned with the National Solar Mission – a key project envisaged by Honourable Prime Minister Shri Narendra Modi for India’s energy diversification. This investment is a testament to our vision and commitment to creating a sustainable future for India’s growing energy demands.”

Shobit Rai, co-founder at Prozeal Infra, said, “We are thrilled to have Mr. Chandrakant Gogri and his family office as our first investors. Mr. Chandrakant Gogri has a proven track record of building fast-growing and profitable businesses – creating immense value for shareholders. His sharp business acumen and guidance will enable the next phase of sustainable growth for Prozeal Infra.”

Chandrakant Gogri, the Founder & Chairman Emeritus of Aarti Group of Industries, said, “I am impressed with what the dynamic and passionate founders at Prozeal Infra have achieved. Solar energy and decarbonization are the backbone of India’s climate change commitment. Prozeal Infra, through its engineering capabilities, is well positioned to capture a lion’s share of this energy transformation.”

India has made a climate change commitment of meeting 50% of its energy requirements through renewable sources by 2030. This translates to 300 GW of installed solar power capacity by 2030, of which only 65 GW is installed today. Prozeal Infra has a vision to be a decarbonization and net-zero solution company for commercial and industrial MNCs, MSMEs and Government institutions supporting India’s sustainable energy goals.

Inderpreet Chadha, Head of Investment Banking at InCorp Advisory, said, “This investment catapults Prozeal Infra towards becoming one of India’s largest players in this space. We are proud to be associated on this marque transaction. We proved that commercially prudent businesses with a commitment to create long-term customer value are not affected by the so-called ‘funding winter’.”

Distributed Power Africa Signs 20-Year PPA with Africa Data Centres for Solar Energy Solutions

By
Sangita Shetty
-
0
Representational image. Credit: Canva

The Southern African division of Distributed Power Africa has signed a 20-year power purchase agreement with Africa Data Centres (ADC), the largest network of the carrier- and cloud-neural data centre facilities in Africa. Under the agreement, DPA Southern Africa (DPA SA) will provide solar energy solutions for ADC’s data centres in South Africa.

DPA SA is a 50:50 joint venture between Distributed Power Africa and the French utility company EDF which provides innovative solar energy solutions for a range of industries in the region. The renewable energy provider is developing a solar power plant near Bloemfontein, the capital of the Free State province, to supply 12 MW of solar power for data centres in South Africa.

ADC operates a large network of data centres in several African cities including 1,800 sq. meters of storage space with 5.5 MW capacity in Cape Town. The communications solutions provider plans to expand the capacity of its Cape Town data centre to 25 MW.

Tesh Durvasula, Chief Executive Officer of ADC, said the data centre facilities are the foundation of the digital transformation in the continent. These centres need to be reliable, cost-effective and should utilize clean energy for their operation. Their partnership with DPA SA will enable them to reduce the dependency on the South African power grid and allow them to help alleviate the energy challenges in the country.

The recent agreement is in line with ADC’s strategy to transform its data centres in Africa into carbon neutral. This will enable over 30% of data centres in South Africa to be powered by solar energy. The decarbonization of the growing data centre industry is highly important as they are responsible for nearly 2% of global greenhouse gas emissions.

For the last few years, DPA is working with sister company Cassava Technologies and its subsidiaries for deploying solar energy solutions for several data centres in Africa. It has installed rooftop solar power plants at ADC’s East Africa data centre in Nairobi in 2021 (1 MW) and ADC’s data centre in Midrand, South Africa in 2019 (1.2 MW). DPA has also deployed 104 kW of solar at Cassava parent company Econet’s Leo data centre in Bujumbura, Burundi.

Urban Grid Appoints Saad Shamsi as COO to Strengthen Clean Energy Delivery

By
Sangita Shetty
-
0
Urban Grid Welcomes New COO Saad Shamsi

Urban Grid, a Brookfield Renewable company and leading provider of clean energy, today named Saad Shamsi, a former Shell executive and seasoned leader in renewables delivery, as Chief Operating Officer.

“In recent years, I have focused on building teams and organizations for the successful delivery of solar and wind projects,” said Shamsi. “The opportunity to join Urban Grid in its evolution from developer to IPP is exciting and will enable me to work with a passionate and dedicated group of individuals who have built an impressive project pipeline.”

During his 16-year tenure at Shell, Shamsi has had a tremendous impact in several business lines, including Silicon Ranch, Savion, and Shell Renewables and Energy Solutions. As COO at Urban Grid, Shamsi’s charge is to firm up its execution capabilities and significantly increase the ability to deliver clean power to the grid annually. In the near term, he will lead the delivery of over 272 megawatts across multiple operating assets over the next 18 months.

“We are working to establish Urban Grid as a world-class operator and leader in the industry. Saad’s previous roles in operations, maintenance, construction, at refineries, wind and solar power plants bring the critical skills needed to build out a reliable project delivery process,” said Peter Candelaria, Urban Grid CEO. “I’ve witnessed first-hand his passion for employee engagement and for building a culture of opportunity and ownership among teams. I’m thrilled to have him join our team!”

In January of 2022, Brookfield Renewable U.S. acquired Urban Grid. The acquisition tripled Brookfield Renewable’s U.S. development to 31,000 megawatts of capacity and set Urban Grid on a course for growth. The acquisition has enabled Urban Grid to transition its development assets into operating facilities. Today, the platform spans the lifecycle of solar and energy storage development through project delivery, from site acquisition, community engagement and development to engineering, commercialization and construction. Urban Grid is actively preparing for the asset management process as projects enter construction.

“Brookfield has deployed significant capital in the U.S. renewable energy sector which remains one of the world’s most significant decarbonization opportunities,” said Mitch Davidson, Managing Director of Brookfield Renewable U.S. “Peter’s leadership combined with Saad’s operational expertise will no doubt deliver strong results for Urban Grid as its evolution to an IPP comes into full view.”

Enerture Wins Consultancy Contract for 110 MW Solar Power Project in Karnataka for KMF

By
Sangita Shetty
-
0
Representational image. Credit: Canva

Enerture, a dynamic renewable energy solutions company, has announced that it will be providing Project Management Consultancy (PMC) for the implementation of a 110 MW solar power project in group captive mode for the Karnataka Cooperative Milk Producers’ Federation (KMF). The scope of the work will include design, finance, installation, and commissioning, along with operation and maintenance for 25 years.

Enerture is one of the few companies in the industry that offers end-to-end in-house capabilities across all aspects, including design, engineering, procurement, construction, monitoring, operation, and maintenance. The company is one of the fastest-growing solar developers in the C&I segment, with plans to develop 2.5 GW of solar projects in the next five years, by 2027.

The company aims to be a globally recognized, competitive, and innovative solar energy company, offering solutions to a wide range of clients, from remote villages to significant business and governmental sectors. Enerture employs top engineering and project management tools and methodologies to ensure the highest performance and system dependability while maximizing the drivers for the lowest levelized cost and highest quality within predetermined time frames.

Enerture’s passion is to help individuals and organizations develop sustainable development in this competitive environment. Therefore, the company helps individuals, businesses, and organizations adopt solar power as a viable cost-saving solution. The company’s mission is to offer its finest solutions to its clients, and to continue working towards realizing its goal of being a globally recognized renewable energy solutions provider.

The implementation of the 110 MW solar power project in group captive mode for the KMF is a testament to Enerture’s commitment to providing high-quality renewable energy solutions to its clients. With its end-to-end in-house capabilities, the company is well-positioned to deliver a successful project while ensuring the highest performance, system dependability, and cost-effectiveness.

EDP Renewables Commits €20 Billion Investment to Ambitious Renewable Energy Business Plan for 2023-2026

By
Sangita Shetty
-
0
Representational image. Credit: Canva

EDP Renewables (EDPR) presented its revised Business Plan 23-26, projecting a gross global investment of €20 billion and an annual deployment of over 4GW in renewables. EDPR APAC is the leading clean energy solutions provider in Singapore specialising in Solar PPA, offsite clean energy supply, EPC and O&M solar PV solutions, demand-side management, energy efficiency and more.

The company aims to allocate 85% of its total investment to renewables, clients, and energy management, and 15% to electricity networks across fast-growing and low-risk markets in four regional hubs: Europe, North America, South America, and Asia-Pacific. Onshore wind and solar utility scale will account each for 40% of the €20 billion investment plan in renewables, while emerging technologies such as solar distributed generation, storage, and hydrogen will complement it. The company also plans to scale up its offshore wind capacity through the joint venture Ocean Winds. The technology mix by 2026 will have a share of 29% Solar and 8% Solar Distributed, while wind will represent 59%, wind offshore 2%, and the remaining mix diversified through H2 and Storage. EDPR aims to continue delivering strong earnings growth, targeting an EBITDA of €3.0 billion and recurring net income of €0.9 billion in 2026.

In order to partially finance its updated investment plan, EDP Renewables intends to raise equity and has entered into an investment agreement with Lisson Grove Investment Pte Ltd, an affiliate of GIC Pte Ltd. The latter committed to subscribe approximately €1.0 billion worth of new shares in a capital increase. The plan also includes 1,500 new hires by 2026, and the company intends to maintain its recognition as a top employer across the regional hubs. EDP Group aims to become net zero by 2040 across all scopes and will invest €3 billion in innovation and digitalization by 2026. The Science Based Target Initiative recognized EDP’s best practices in climate action in total alignment with the science-based 1.5ºC temperature mitigation target. Miguel Stilwell d’Andrade, EDP and EDPR CEO, said that the Business Plan reinforces the company’s growth ambition, while pushing its commitment to the planet even further and creating superior value for all.

1...1,0871,0881,089...1,678Page 1,088 of 1,678
© FirstView Media Ventures Pvt. Ltd. All rights reserved.
Email: info@firstviewgroup.com