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NSEFI Solar News Bulletin 10.03.2023

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India's February fuel demand hits at least 24 year high

Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, its 15th consecutive year-on-year rise, data showed.Read More

Power Grid Corporation board approves raising up to Rs 900 crore via bonds.

"Power Grid Corporation of India Ltd has been declared as successful bidder under tariff based competitive bidding to establish inter-state transmission system for Transmission System Strengthening Scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part-E' on build, own, operate and maintain (BOOM) basis."Read More

Green light for Argentina's gas project with Petronas to come in 2024

Petronas: The five-phase project to integrate gas production, storage, pipeline transportation and liquefaction is key for the South American country to monetize its vast reserves and become an exporter on liquefied natural gas (LNG).Read More

PV product prices resume downward trend, says TrendForce

TrendForce says polysilicon will be 3.2% cheaper in March than in February. This will lead to lower wafer, cell and module prices and will effectively spur installation demand.Read More

Uttarakhand Strives to Drive Solar via ‘Self-Employment,’ but Challenges Remain

Uttarakhand is a hilly state with limited solar installations and primarily depends on hydroelectric projects for its power needs. However ...Read More

UK’s Renewable Parts Wins Contract for Offshore Turbine Restoration for Orsted

UK firm, Renewable Parts, which deals with the refurbishment of wind turbine parts and supplies has shared that it has entered into an agreement with Denmark-based provider of renewable energy, Orsted.Read More

Malaysia needs to invest $375 bln in renewables to reach 2050 climate goals.

IRENA director general Francesco La Camera told Reuters in an interview Malaysia's planned energy policies could be insufficient to meet its energy transition goals.Read More

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