US-based SunSource Energy, a subsidiary of SHV Energy, received the ‘Solar Power Project of the Year – India’ award at the 2024 Asian Power Awards in Singapore for its Lakshadweep project. This initiative, commissioned by the Solar Energy Corporation of India (SECI), covers Kavaratti and Agatti islands, combining 1.7 MW of solar power with a 1.4 MWh Battery Energy Storage System (BESS). As per SunSource Energy, the project reduces diesel reliance by approximately 190 lakh liters, delivering projected commercial savings of INR 250 crore. The company claims it will also offset around 58,000 tons of CO2 emissions over its operational lifespan, enhancing sustainability and energy stability in isolated areas.
SunSource Energy wins award at 2024 Asian Power Awards
SunSource Energy’s Lakshadweep project wins ‘Solar Power Project of the Year’ for its advanced clean energy innovation. (Image Credit/Source: Tom Fisk/Pexels)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)