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Tata Power Solar partners Bank of India for low-cost finance to rooftop solar and EV charging station customers

Tata Power Solar Systems has partnered with Bank of India to provide affordable and easy financing solutions for its customers looking to invest in rooftop solar or electric vehicle (EV) charging infrastructure.
Installations

Researchers find agrivoltaics have LCOE of $0.039/kWh, 7-year payback time in India

Indian researchers have compared the performance of an agrivoltaic system to monofacial and bifacial rooftop PV systems, and have found that the agrivoltaics setup had a shorter payback time and lower levelized cost of energy. Their analysis of performan...
Highlights

SECI allocates 630 MW renewables-plus-storage at average price of $0.059 /kWh

The winning developers will set up renewable energy projects backed with energy storage system to supply a cumulative 630 MW of firm and dispatchable renewable power in a demand-following manner.
Announcements

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Highlights

How long do residential solar inverters last?

Multiple factors affect the productive lifespan of a residential solar inverter. In Part 2 of our series, we look at solar inverters.
Installations

Sterling and Wilson Renewable wins 1 GWh battery storage, 20 MW floating solar projects

Sterling and Wilson Renewable Energy Ltd has secured the EPC contracts for a 1 GWh standalone battery energy storage project in Rajasthan and a 20 MW floating solar plant in Karnataka.
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Highlights

SJVN secures 2.4 GW pumped storage project in Mizoram

SJVN has received a Letter of Intent for developing a 2.4 GW pumped storage project in Mizoram. The pumped storage project has been proposed across Darzo Nallah, a tributary of Tuipui river.
Highlights

KPI Green secures Letters of Intent for 917 MW DC of solar, hybrid RE projects

KPI Green Energy has secured a cumulative solar capacity of 250 MW AC (275 MW DC) and hybrid RE power projects of 370 MW AC (642 MW DC) in Gujarat Urja Vikas Nigam Ltd’s recent tenders.
Markets & Policy

SAEL issues $305 million in green bonds

The solar and waste-to-energy company intends to use the proceeds to refinance its existing debt and fund capex of future renewable projects.

Markets & Policy

Featured

WoodMac says global solar tracker shipments grew by 28% in 2023

Global tracker shipments reached 92 GWdc last year, according to WoodMackenzies’ latest report. The US accounted for the majority of the global market, with three US-based manufacturers, Nextracker, Array Technologies and GameChange Solar, ranking as the three largest shippers in the world.

China’s solar dominance not an issue

In a new monthly column for pv magazine, the International Solar Energy Society (ISES) explains why potential trade disruptions in the global PV supply chain are substantially different from those related to coal, oil and gas.

Adani Green net profit for Q1 up 95% YoY

Adani Green Energy has reported a total income of INR 3,122 crore ($372.83 million) and consolidated net profit of INR 629 crore for the first quarter of FY 2024-25.

Rays Power Infra raises INR 127 crore equity capital

Rays Power Infra will use the funds to develop solar and wind parks with a cumulative capacity of around 3 GW. Additionally, it will invest in both backward and forward integration of its business.

Budget 2024-25: Key highlights and analysis

Employment creation and skill development have been at the core of this budget. While there is a lot of emphasis on skill development, there needs to be an emphasis on how money is allocated for skilling and reselling of people for the clean energy sector. 

NSEFI welcomes announcement of pump storage policy in Union Budget 2024-25

National Solar Energy Federation of India (NSEFI) expects budget to accelerate renewable energy uptake across MSMEs and hard-to-abate industrial sectors.

Installations

Tata Power’s microgrid arm partners with National Dairy Development Board to solarize milk value chain

TP Renewable Microgrid Ltd and National Dairy Development Board will collaborate to enhance sustainability and operational efficiency within the milk value chain. This includes the solarization of dairy cooperative societies, bulk milk coolers, and milk chilling centers, facilitated by solar microgrid technology.

How long do residential solar panels last?

Multiple factors affect the productive lifespan of a residential solar panel. In the first part of this series, we look at the solar panels themselves.

ReNew switches on 400 MW solar project in Rajasthan

ReNew has inaugurated a 400 MW solar project in Rajasthan. The project is part of a 600 MW power purchase agreement with Solar Energy Corp. of India (SECI) for 25 years.

The role of hydrogen electrolysers in sustainable energy

Hydrogen electrolysers are emerging as key players in grid balancing and energy storage strategies worldwide. By converting excess renewable electricity into hydrogen during periods of low demand, electrolysers offer a scalable solution to store energy for later use.

Budget 2024-25: India imposes customs duty on solar glass imports, exempts equipment for cell and module manufacturing

Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.

PM Surya Ghar Muft Bijli Yojana: Challenges and Solutions

Mandating stringent quality and performance standards is imperative to safeguard consumers from potential exploitation in the burgeoning rooftop solar market. The technology to do this exists, but we need to see if the will is there.

Technology

Featured

Fluence expands digital services center for energy storage assets

Fluence has set up a new remote monitoring and diagnostics center in India. The center leverages digitization, artificial intelligence, and Fluence’s Nispera asset performance management software to help deliver value to energy storage owners.

Solar power on the rise: A buying spree fuelled by innovation and price wars

While companies grapple with razor-thin margins, these price wars are accelerating the adoption of solar power globally.

The Hydrogen Stream: Rolls-Royce, TCS collaborate on hydrogen research programme

Tata Consultancy Services (TCS) has expanded its partnership with Rolls-Royce to research hydrogen fuel system technology for enabling use of hydrogen in aviation.

Elastocalorics could replace heat pumps, air conditioning systems

Elastocalorics have the potential to replace current air conditioning and heating systems, offering significant energy savings when paired with technologies such as photovoltaics.

The Hydrogen Stream: Maire’s Tecnimont, Nextchem awarded engineering design study for a green ammonia plant in India

Tecnimont will carry out an engineering design study for a 200,000 metric ton-per-year green ammonia plant. Nextchem will provide its digital tool, ArcHy, to optimize renewable power usage, resulting in capex and opex efficiency of the plant lifecycle and minimizing the cost of ammonia.

SolarPower Europe calls for stronger cybersecurity measures

SolarPower Europe argues in a new position paper that regulators and policymakers should create a sector-specific strategy to address the growing threat of cyberattacks.

Manufacturing

Featured

Insolation Energy to add 3 GW solar panel, 1.4 GW cell capacity by March

Insolation Energy is expanding its solar panel production capacity to 4 GW per year from around 1 GW at present. It is also setting up manufacturing capacities of 12,000 MT of aluminum framing and 1.4 GW of PV cells. The new capacities will be commissioned within this fiscal 2024-25.

Sinovoltaics shuffles PV module manufacturer financial stability ranking

The third edition of the Sinovoltaics financial stability report ranking lists India-based Abhishek Corp, Insolartion Energy, Waaree Renewable Technologies, and Solex Energy, all based in India, followed by U.S.-based First Solar as the top five. Six additional manufacturers entered the global ranking.

Bluebird Solar ramping up panel capacity to 1.2 GW with Cliantech Solutions

Bluebird Solar is expanding its PV module manufacturing capacity to 1.2 GW per year with the addition of an 800 MW fully automated line at its facility in Greater Noida. Cliantech Solutions will supply and install production equipment from leading companies.

ReCreate unveils details of US solar cell, module factory

The new venture is expected to bring 2 GW of solar module manufacturing capacity to the US market within 18 to 24 months.

Trina Solar probing potential breaches of TOPCon patents

Trina Solar says it has started evaluating potential violations of some of its patents for tunnel oxide passivated contact (TOPCon) tech. One of the patents focuses on the number of busbars and their width in TOPCon solar panels.

WTO accuses China of low transparency on state subsidies, including solar

The World Trade Organization (WTO) Secretariat has criticized China for an alleged lack of transparency in its state support framework and has urged the nation to improve its subsidy notification process.

Energy Storage

Featured

Germany’s solar market faces price wars, consolidation

A series of inquiries to residential PV installers has revealed a tough consolidation phase in Germany’s solar installation market. With an increasing number of installers offering solar arrays at very low prices, competition is intensifying as companies vie for fewer orders.

Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank

Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.

JSW Energy secures LoAs for 500 MW solar plus storage, 300 MW solar projects

JSW Neo Energy, an arm of JSW Energy, has received a letter of award from Solar Energy Corp. of India Ltd for setting up a 500 MW solar power project along with 250 MW/500 MWh of energy storage systems. It has also secured a 300 MW solar power project from Karnataka Renewable Energy Development Ltd.

Tesla lands 15.3 GWh Megapack supply contract

Tesla has received a giant order from U.S. developer Intersect Power, equating to around 165% of the total battery energy storage systems it deployed in Q2 2024, which saw the highest quarterly deployment in the company’s history to date.

Ohmium opens second electrolyzer gigafactory in India

The 2 GW factory, expandable to 4 GW, is located just outside of Bengaluru. It will produce hyper modular proton exchange membrane (PEM) electrolyzers to meet the growing demand for green hydrogen from customers in India and around the world.

Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more 

With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.

Opinion & Analysis

Featured

Global LNG market teeters on the edge of a supply tsunami 

The global LNG market is on the cusp of a transformative era. While an oversupply looms, the market's trajectory remains subject to the vagaries of project completions and geopolitical tensions. The interplay of supply and demand dynamics will invariably shape the landscape, heralding an era of heightened volatility and strategic recalibrations.

Weak demand continues to exert downward pressure on solar module prices

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

How solar PV modules transform commercial buildings into eco-friendly powerhouses

By integrating solar PV modules, commercial buildings can not only significantly reduce their environmental impact but also reap financial benefits and improve public image.

The EV charging boom: A $1 trillion opportunity by 2040

The EV charging sector is on the brink of unprecedented growth, with a trillion-dollar investment forecasted by 2040. While the path to this future is fraught with challenges, it also offers immense opportunities for innovation and economic growth.

India leading the solar wave to become world’s second-largest module manufacturer

Continued government support, coupled with strategic investments in technology and infrastructure, will be crucial in realizing India’s renewable energy goals and cementing its position as a global leader in solar module manufacturing.

Wafer prices stable-to-soft on weak demand

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Press Releases

Emcure Pharmaceuticals signs solar PPA with Sunsure Energy

Emcure Pharmaceuticals Ltd. , one of the leading Indian pharmaceutical company with a differentiated product portfolio, together with its subsidiary Gennova Biopharmaceuticals Limited announces the signing of a 22.

Union Minister Manohar Lal inaugurates National Feeder Monitoring System Control Centre at REC Ltd

The control centre would monitor and analyze real-time data from multiple sources and maintain the data sanctity in the National Feeder Monitoring System portal. It will be using advanced technologies and software to collect, process, and display information relevant to the operations, collaborating closely with key stakeholders.

Servotech received additional order of approx. 400 units of DC Fast EV chargers from BPCL & other OEMs

The project valued at around ₹20 Crores will involve manufacturing, supplying, installing, and deploying these chargers nationwide, particularly at BPCL petrol pumps as part of the BPCL E-drive Project.

IndiGrid delivers robust quarterly performance

EBITDA up by 35. 2% YoY and NDCF grew 1.

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