Daily News Wrap-Up: Cost of Large-Scale Solar Projects Fell 28.2% in Q1

Scientists use a cleaner way to produce ammonia from rare-earth metals

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The average cost of large-scale solar power projects in India fell 28.2% year-over-year in the first quarter (Q1) of 2024, primarily due to a significant drop in module prices over the year. Since Q1 2023, large-scale solar project costs have dropped consecutively for five quarters. Q1 2024 recorded the lowest quarterly average project cost.

Scientists have found a cleaner way to produce ammonia from rare-earth metals, which works well at room temperature and pressure. The process, known as the Haber-Bosch process, involves using catalysts made from rare-earth metals to efficiently convert nitrogen into essential products such as pharmaceuticals, agrochemicals, and other fine chemicals under ambient conditions.

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