#India ’s power sector emissions rose 7.2% in 2023 from the previous year as a decline in #hydropower generation due to droughts, offset gains from #wind and #solar output, according to a report from energy think tank Ember
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In a recent paper published in Solar Energy, researchers said they collected data from a #solarcell factory to develop and evaluate water recycling strategies in the manufacture of solar #PERC cells
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ISES Solar Energy

Array Technologies, a utility-scale #solar tracker, lost $11.3 million in Q1 of 2024 from a net income of $17.2 million last year due to lower sales and declining average selling prices
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#Solarmodule manufacturer Canadian Solar posted a net income of $12.35 million in Q1 of 2024, an 85.25% YoY drop from $83.71 million as the company continued to tackle pricing pressures in light of lower module average selling prices
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Germany-based #solarenergy equipment supplier SMA Solar Technology reported a net income of €28.5 million (~$30.6 million) in Q1 2024, down by 44.8% YoY from €51.7 million (~$55.6 million) in Q1 2023
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The Pune Division of Central Railway has invited bids to empanel agencies to implement #rooftopsolar power projects in #Maharashtra through public-private partnerships and on a design, build, finance, operate, and transfer basis
mercomindia.com/central-railwa…

U.S-based #solarenergy , #battery , and #storage provider Sunrun incurred a net loss of $87.8 million in Q1 of 2024 due to the company transitioning from traditional tax equity to tax credit sales
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Daily #RenewableEnergy News Wrap-Up for May 10, 2024
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REC Power Development and Consultancy has invited #bids to acquire 200 MW of operational #solar , #wind , or wind-solar hybrid projects without #storage
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REC Limited

Electric mobility company Greencell has secured ₹3.07 billion (~$37 million) in #greenfinancing from Sumitomo Mitsui Banking Corporation to deploy a fleet of 350 #electricbuses across eight cities in the state of #UttarPradesh
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HPCL Renewable and Green Energy, a subsidiary of Hindustan Petroleum Corporation Limited, has invited bids for a detailed feasibility report and project management consultancy services for a #grid -tied #rooftop and #floatingsolar project with a cumulative capacity of 81.5 MW
mercomindia.com/hpcl-seeks-bid…

#India added 1.2 GW of new #wind energy capacity in Q1 of 2024, a 56% YoY surge from 737.9 MW, according to Mercom India Research. The cumulative wind capacity as of March 2024 stood at 45.9 GW, compared to 44.7 GW at the end of Q4 2023
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Independent power producer JSW Energy reported a net profit of ₹3.43 billion (~$41.07 million), a jump of 22% YoY in Q4 of FY 24 due to a strong performance in the #RenewableEnergy segment
mercomindia.com/jsw-energy-q4-…

The Delhi High Court has quashed a Customs Department circular & show-cause notices issued by the CBIC revoking the permission for developers to warehouse imported #solarmodules to defer paying #BCD on cells & modules
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Ministry of Finance

India-based #solarmodule manufacturer Waaree Group has partnered with ecofy, a non-banking financial company supported by Eversource, to install 10,000 residential #rooftopsolar systems
mercomindia.com/waaree-partner…

Rajasthan #Electricity Regulatory Commission has approved #Jodhpur Vidyut Vitran Nigam’s petition to purchase 2,929.8 MW of power from 1,111 #solar projects under Component-C of #PMKUSUM program for 25 years
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Fuel cell manufacturer Ballard Power recorded a net loss of $41.1 million in Q1 2024, an increase of 26.8% YoY from a net loss of $32.4 million
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The Central #Electricity Regulatory Commission has directed SECI & DISCOMs to compensate Azure Power's 2 SPVs for the additional expenditure incurred due to the installation of bird diverters on #transmission lines in the GIB habitat
mercomindia.com/cerc-compensat…

Consumers with a minimum contracted demand or sanctioned load of 100 kW can access #GreenEnergy Open Access, according to the #Meghalaya State #Electricity Regulatory Commission (Terms and Conditions of Green Energy Open Access) Regulations, 2023
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