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Massive 2.75 GW solar, wind, storage project approved in India

Greenko Energies will set up India’s largest Integrated Renewable Energy Project (IREP) in Andhra Pradesh at an investment of INR 150 billion (US$2.2 billion). Recently approved by the Andhra Pradesh government, the project will comprise 1,000 MW of solar energy, 550 MW of wind energy and 1,200 MW of standalone pumped storage capacities. It is expected to provide employment to 15,000 people during construction and 3,000 people after construction.

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Falling battery costs to push solar, wind to 50% electricity generation by 2050, but electricity still failing CO₂ reduction targets – BNEF

Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.

China’s Longi Solar confirms 1 GW Indian manufacturing facility

Longi Solar will set up a 1 GW solar PV manufacturing facility in India’s Andhra Pradesh. It will manufacture 500 MW of cells and 500 MW of modules, a spokesperson tells pv magazine. The facility is expected to be commissioned by Q1 2019 at the latest, and will seek to take advantage of India’s exemption from the recent U.S. solar tariffs, imposed by President Trump last week.

APAC remains Enphase Energy’s hotspot, makes Indian market entry

Enphase has entered the Indian PV market, supplying 2,858 of its microinverters to a 1 MW commercial and industrial (C&I) rooftop project nearby to the city of Bangalore. The rooftop project sprawls over six roofs of an agriculture product processing facility.

Equis Energy snapped up by GIP in record $5bn renewables deal

The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.

Adani to begin work on 170 MW Australia project

A unit of Indian conglomerate Adani will start building the first 65 MW phase of a planned 170 MW solar installation in the Australian state of Queensland by the end of this year.

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