Solar - Business News Week

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Sustainable Power: Orb Energy Launches 800 kW Solar System for Esteem Industries

Oct 24, 2024 by Sujata 0 Comments #Solar, #System

Mumbai, 24 October 2024: Orb Energy (“Orb”) has successfully installed an 800-kilowatt rooftop solar system at Esteem Industries Private Limited in Alonde, Wada, Maharashtra. This installation is set to generate over 10 lakh units of electricity annually by harnessing solar energy to meet the factory’s electricity demands. In addition to its economic benefits, the project is projected to reduce approximately 1,000 tonnes of carbon emissions (CO2e) each year, reinforcing its role as a key initiative for both cost savings and environmental sustainability.

Esteem Industries is India’s leading manufacturer of surfactants and specialty chemicals with over 30 years of experience. Given the high energy consumption typical of the chemical manufacturing sector, this solar solution offers significant cost-saving potential. The project is expected to generate approximately 3,100 kilowatt-hours of solar energy daily, covering around 80% of Esteem Industries’ daytime electricity requirements. The company is projected to recover its investment in solar energy within 2 years and 3 months, highlighting both economic and environmental advantages.

Saurabh Seth, Orb Energy’s General Manager – PV Projects, commented, “As part of our ongoing commitment to empowering SMEs and MSMEs with solar power solutions, this partnership further underscores our dedication to sustainability. Our solar installations not only bring substantial economic savings but also assist companies in meeting their social, environmental, and governance (ESG) goals.”

Orb Energy’s vertically integrated approach spans from manufacturing to installation, offering businesses a seamless transition to solar power. Additionally, Orb provides collateral-free loans to facilitate solar adoption. With over 310 megawatts of solar systems installed across India, Orb further aims to reinforce its position as a major player in India’s renewable energy sector.

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Avaada Energy Secures INR 597 Cr Refinancing for Solar Projects in Karnataka and Maharashtra

Oct 16, 2024 by Gayathri Pariti 0 Comments #Projects, #Solar

Mumbai, Oct 16 ‘2024: Avaada Energy, India’s leading renewable energy Independent Power Producer (IPP) and an arm of Avaada Group, is pleased to announce the successful closure of approximately INR 597 crore (~USD 71.1 Million) in refinancing for its Commercial & Industrial (C&I) solar projects in the states of Karnataka and Maharashtra.

The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund dedicated to refinancing high-quality operational infrastructure projects. The refinancing from NIIF IFL has reaffirmed the strength and stability of Avaada’s solar projects through this refinancing deal.

These projects currently supply electricity to various leading corporates in the country, including Bharati Airtel, Motherson, Bharat Forge, STT, Nxtra Data, Lumax etc., supporting them in their energy transition goals.

The refinancing from NIIF IFL secured significantly improved commercial terms to facilitate prepayment of existing loan facility along with delivering reduction in finance costs while releasing capital for future deployment.

Commenting on the development, Mr. Vineet Mittal, Chairman of Avaada Group, said, “We are thrilled to strengthen our partnership with NIIF IFL. This financing is a testament to our strategic vision of developing a diversified and high-quality energy transition portfolio to attract specialized capital while delivering state-of-the-art solutions for our C&I customers. The improved financing terms enhance the financial position of these projects and create value for all stakeholders.”

“This refinancing aligns with Avaada’s commitment to a sustainable future and underscores its contribution towards effectively reducing carbon footprints on a global scale,” Mr. Mittal added.

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Tembo Global Industries Ltd. Enters Solar MEP Segment to Drive Sustainable Energy Solutions

Oct 14, 2024 by Gayathri Pariti 0 Comments #Enters, #Solar

Tembo Global Industries Ltd., a prominent player in the industrial sector, is excited to announce its entry into the Solar Mechanical, Electrical, and Plumbing (MEP) segment. This strategic move will leverage the expertise of a newly assembled team of engineers, each with over a decade of experience in the field. Tembo Global Industries is set to begin procurement orders and participate in Power Purchase Agreement (PPA) tendering with various government organizations.

With a robust portfolio in engineering mechanics, design load calculations, and project execution across multiple sectors—including oil and gas, chemicals, construction, and HVAC—Tembo Global Industries is well-positioned to make significant contributions to the growing solar energy sector. The global solar energy market is projected to exceed 2025, fueled by increasing demand for renewable energy and advancements in solar technology. In India, the solar energy market is rapidly expanding, with the country aiming for around 300 GW of solar capacity by 2030.

“The renewable energy sector is undergoing significant change, and we are excited to be part of this evolution,” said Mr. Sanjay Patel, Managing Director of Tembo Global Industries Ltd. He added, “By entering the Solar MEP segment, we aim to enhance the efficiency and safety of solar installations while ensuring compliance with local codes and regulations. Our experienced team is prepared to meet the challenges of this dynamic market.”

The Solar MEP segment encompasses essential components of solar energy systems, including structural design and electrical wiring. Effective MEP design optimizes energy production and minimizes risks associated with electrical and structural failures. As demand for solar installations continues to rise, driven by government incentives and decreasing technology costs, Tembo Global Industries is committed to providing cost-effective solutions that enhance accessibility to solar energy.

Tembo Global Industries is renowned for its export-oriented operations and holds the prestigious Star Export House certification. This new initiative reaffirms the company’s dedication to innovation and sustainability, further solidifying its position in the industrial sector.

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Solar and Storage: Latest Market Surveys Show Dynamic Growth

Jul 15, 2024 by Mansi 0 Comments #Accelerating Integrated Energy Solutions, #Dynamic Growth, #GWh, #PV, #Solar, #storage

Pforzheim, Munich, Germany

July 12, 2024

The deployment of renewable sources of energy is picking up speed around the world. The impressive results of several market surveys recently presented at The smarter E Europe 2024 prove this. Photovoltaics (PV) and storage systems in particular are experiencing dynamic growth, and the trend goes towards the combination of the two technologies. The number of large-scale PV power plants is growing rapidly, as is the number of residential, commercial and industrial PV installations combined with storage systems.

SolarPower Europe’s Global Market Outlook for Solar Power 2024–2028 reports a global PV growth of 87 percent in 2023 compared to the previous year. 447 gigawatts (GW) of capacity were installed, which brings the total global capacity to 1.6 terawatts (TW). To put this into perspective, only 239 GW were installed in 2022. According to the study, we are likely to exceed 2 TW of total capacity in the course of this year, after the 1 TW mark was only surmounted in 2022. Achieving the global goal of tripling renewables by 2030 will require financing, digitalizing and flexibilizing energy systems. 1 TW of PV capacity could be installed each year from 2028.

Besides, more and more countries are becoming ‘gigawatt countries’: from 31 in 2023, their number is likely to go up to 37 in 2024. In total, 576 gigawatts of renewable capacity were added last year. While PV makes up by far the largest share at 78 percent, wind power accounts for 20 percent with 117 gigawatts of total capacity. Walburga Hemetsberger, CEO of SolarPower Europe, comments: “The world has truly entered its solar age. How far solar can go will be determined by equitable global access to financing, and the political will to deliver flexible energy systems fit for the renewable reality.”

European storage market is developing dynamically

According to the European Market Outlook for Energy Storage 2024–2028 (also published by SolarPower Europe), 2023 was the year in which Europe saw high electricity prices and the desire to become independent. As a consequence, battery storage capacities skyrocketed. 17.2 gigawatt hours (GWh), that is 94 percent more than last year, were added. This development was mainly driven by the residential sector, where 12 GWh of new capacity were installed. But the commercial and industrial battery sector and on-grid batteries for large-scale energy storage also showed promising developments, adding 1.6 GWh and 3.6 GWh, respectively.

Germany: Record growth of PV

Germany is one of the four leading countries when it comes to solar energy use. The German Solar Association’s (BSW-Solar) study The German PV and Battery Storage Market underlined this with impressive figures: In 2023, added PV capacity grew by 97 percent – the highest registered growth rate in Germany ever recorded. The trend of combining PV systems with battery storage also continued. In 2019, 46 percent of all residential PV systems were installed together with battery storage systems, last year, it was 77 percent. “This trend is likely to continue as supportive regulations are expected to be introduced in the near future,” states David Wedepohl, Managing Director of International Affairs at BSW-Solar. “When combined with intelligent storage systems, the benefits for the energy system go far beyond self-consumption.”

“Accelerating Integrated Energy Solutions“ – that’s the motto of The smarter E Europe. Europe’s largest alliance of exhibitions for the energy industry puts the spotlight on cross-industry solutions for a renewable 24/7 energy supply covering electricity, heat and transport. The smarter E Europe unites four exhibitions and will take place from May 7–9, 2025 at Messe München

news

Solar and Storage: Latest Market Surveys Show Dynamic Growth

Jul 12, 2024 by Mansi 0 Comments #Dynamic Growth, #Solar, #storage, #Walburga Hemetsberger

Pforzheim, Munich, Germany July 12, 2024

The deployment of renewable sources of energy is picking up speed around the world. The impressive results of several market surveys recently presented at The smarter E Europe 2024 prove this. Photovoltaics (PV) and storage systems in particular are experiencing dynamic growth, and the trend goes towards the combination of the two technologies. The number of large-scale PV power plants is growing rapidly, as is the number of residential, commercial and industrial PV installations combined with storage systems.

SolarPower Europe’s Global Market Outlook for Solar Power 2024–2028 reports a global PV growth of 87 percent in 2023 compared to the previous year. 447 gigawatts (GW) of capacity were installed, which brings the total global capacity to 1.6 terawatts (TW). To put this into perspective, only 239 GW were installed in 2022. According to the study, we are likely to exceed 2 TW of total capacity in the course of this year, after the 1 TW mark was only surmounted in 2022. Achieving the global goal of tripling renewables by 2030 will require financing, digitalizing and flexibilizing energy systems. 1 TW of PV capacity could be installed each year from 2028.

Besides, more and more countries are becoming ‘gigawatt countries’: from 31 in 2023, their number is likely to go up to 37 in 2024. In total, 576 gigawatts of renewable capacity were added last year. While PV makes up by far the largest share at 78 percent, wind power accounts for 20 percent with 117 gigawatts of total capacity. Walburga Hemetsberger, CEO of SolarPower Europe, comments: “The world has truly entered its solar age. How far solar can go will be determined by equitable global access to financing, and the political will to deliver flexible energy systems fit for the renewable reality.”

European storage market is developing dynamically

Germany: Record growth of PV

Germany is one of the four leading countries when it comes to solar energy use. The German Solar Association’s (BSW-Solar) study The German PV and Battery Storage Market underlined this with impressive figures: In 2023, added PV capacity grew by 97 percent – the highest registered growth rate in Germany ever recorded. The trend of combining PV systems with battery storage also continued. In 2019, 46 percent of all residential PV systems were installed together with battery storage systems, last year, it was 77 percent. “This trend is likely to continue as supportive regulations are expected to be introduced in the near future,” states David Wedepohl, Managing Director of International Affairs at BSW-Solar. “When combined with intelligent storage systems, the benefits for the energy system go far beyond self-consumption.”

business

Shanghai Electric Leads SNEC 2024 with Solar, Storage, and Hydrogen Innovations

Jun 18, 2024 by Sujata 0 Comments #and Hydrogen Innovations, #SHANGHAI, #Shanghai Electric, #Shanghai Electric Leads SNEC 2024, #SNEC PV Power Expo 2024, #Solar, #storage

SHANGHAI, June 18, 2024 — Shanghai Electric took the spotlight at SNEC PV Power Expo 2024, where it showcased the latest advancements in its solar, energy storage, and hydrogen solutions. The three-day event that started on June 13th also saw two of Shanghai Electric’s subsidiaries – Hency Solar and Shanghai Electric Gotion – sign strategic cooperation agreements and secure orders with 14 key industry players including PRANA, Tmall Energy B.V., and NSR GmbH, with which the company aims to accelerate the deployment of cutting-edge renewable energy technologies and drive forward the global transition to a sustainable future.

Hybrid systems stood out as promising new energy solutions that became a new favorite among Shanghai Electric’s strategic partners. At the expo, Hency Solar has inked partnerships with China Energy Construction Group Jiangsu Power Design Institute and Jiangsu Pengzhi Power for the development of 400MW and 150MW renewable projects integrated with wind energy, solar energy, and aquaculture, building innovative, eco-friendly energy infrastructures that boost economic growth while cutting carbon footprint.

Under the banner “Smart Sunshine, Green Future“, Shanghai Electric Power Station Group highlighted a range of innovations, demonstrating its technological breakthroughs in solar energy, solar-thermal power, multi-energy storage, hydrogen energy, and distributed energy management designed for decarbonization.

The products that made a splash at the event include:

The “Intellectual” and “Edgeless” series solar solutions: The “Intellectual” series smart solar modules are integrated with power electronic devices that offer MPPT power optimization, monitoring, safety shutdown, and voltage control, ensuring greater safety, reliability, real-time optimization, and streamlined maintenance. The “Edgeless” series sports a unique structure that enables 360-degree self-cleaning capabilities for dust and snow, facilitated by gravity and rainfall. Certified by TÜV SÜD, the design results in a 2%-6% increase in annual power generation, significantly higher than its market counterparts.
Shanghai Electric Gotion’s energy storage innovations: Showcasing its latest 215kWh liquid-cooled commercial and industrial system and 5MWh lithium-ion liquid-cooled system from “Elite Cool” series, which houses 314Ah battery cells with advanced fire protection mechanisms to optimize investment efficiency, spatial footprint, and safety. The UNIQUE-ONE (U200) system, engineered for both grid-connected and off-grid operations, is equipped with a single-row design that is more compact than the conventional double-row products.
The new “Z” series alkaline electrolyzer and testing platform: Certified by TÜV Rheinland, this system has achieved a significant leap in performance, with a current density exceeding 10,000A/m2 and minimal DC energy consumption of 3.8kWh/Nm3 H2. To address diverse product testing requirements, the platform is designed with testing capabilities for the electrolyzer’s key materials and core components, pilot tests, and full-scale tests, capable of reaching 2,000Nm3/h for alkaline electrolyzers and 300Nm3/h for proton exchange membrane electrolyzers.

business

Shanghai Electric Leads SNEC 2024 with Solar, Storage, and Hydrogen Innovations

Jun 18, 2024 by Gayathri Pariti 0 Comments #and Hydrogen Innovations, #SHANGHAI, #Shanghai Electric, #Shanghai Electric Leads SNEC 2024, #SNEC PV Power Expo 2024, #Solar, #storage, #The "Intellectual" and "Edgeless" series solar solutions

The products that made a splash at the event include:

The “Intellectual” and “Edgeless” series solar solutions: The “Intellectual” series smart solar modules are integrated with power electronic devices that offer MPPT power optimization, monitoring, safety shutdown, and voltage control, ensuring greater safety, reliability, real-time optimization, and streamlined maintenance. The “Edgeless” series sports a unique structure that enables 360-degree self-cleaning capabilities for dust and snow, facilitated by gravity and rainfall. Certified by TÜV SÜD, the design results in a 2%-6% increase in annual power generation, significantly higher than its market counterparts.
Shanghai Electric Gotion’s energy storage innovations: Showcasing its latest 215kWh liquid-cooled commercial and industrial system and 5MWh lithium-ion liquid-cooled system from “Elite Cool” series, which houses 314Ah battery cells with advanced fire protection mechanisms to optimize investment efficiency, spatial footprint, and safety. The UNIQUE-ONE (U200) system, engineered for both grid-connected and off-grid operations, is equipped with a single-row design that is more compact than the conventional double-row products.
The new “Z” series alkaline electrolyzer and testing platform: Certified by TÜV Rheinland, this system has achieved a significant leap in performance, with a current density exceeding 10,000A/m2 and minimal DC energy consumption of 3.8kWh/Nm3 H2. To address diverse product testing requirements, the platform is designed with testing capabilities for the electrolyzer’s key materials and core components, pilot tests, and full-scale tests, capable of reaching 2,000Nm3/h for alkaline electrolyzers and 300Nm3/h for proton exchange membrane electrolyzers.

Tag: Solar

Pforzheim, Munich, Germany

July 12, 2024