Indian integrated energy company Tata Power Renewable Energy has signed two memoranda of understanding (MOU) with the state government of Tamil Nadu for renewable energy project development and solar manufacturing.
Solar irradiance in Southeast Asia last year was 10% higher than long-term averages - the best-performing region across the globe - according to Solargis.
India installed 12.9GW of renewable energy capacity in 2023, over 10GW of which was solar PV capacity. This represents a 28% decline in PV additions and an 18% drop in overall renewables capacity additions year-on-year.
Indian commercial and industrial (C&I) renewables developer Serentica Renewables has secured funding for a 530MW round-the-clock hybrid project in India.