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Amara Raja signs LFP battery technology deal with China’s Gotion

Amara Raja Energy & Mobility Ltd has secured the technology license from China’s Gotion High-Tech to manufacture lithium ferro phosphate (LFP) battery cells in both cylindrical and prismatic form factors.
Energy Storage

Fire at South Korea primary lithium battery factory kills 22

At least 22 people, most of them foreign nationals, were killed in a massive fire at a South Korean factory that manufactures non-rechargeable lithium batteries in Hwaseong city, just south of Seoul. The cause of the blaze is still being investigated.

Waaree Energies to supply bifacial modules for Acciona Energy’s 412.5 MWp solar project in Rajasthan

Waaree Energies has secured a contract to supply its p-type bifacial solar modules for Acciona Energy’s 412.5 MWp (335 MW AC) project in Rajasthan.

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pv magazine Global June edition 2024

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Markets & Policy

Brookfield targets $10 billion of renewable assets under management in India in four years

Brookfield Asset Management targets to more than triple renewable energy assets under management in India to over $10 billion within the next three to four years.

Larsen & Toubro wins 185MW/254MWh solar-plus-storage project in Bihar

Larsen & Toubro (L&T) has secured the contract to build a 185 MW grid-connected solar PV plant along with a 254 MWh battery energy storage system in the Lakshisarai district of Bihar.

GP Eco Solutions makes a stellar debut, lists at 299% premium

Noida-based GP Eco Solutions India Ltd has made a stellar debut on NSE Emerge as its stock was listed at INR 375 against a price band of INR 94 per share. The company will use the funds raised through the IPO to fuel its growth in the solar sector.

Spontaneous glass breakage on solar panels on the rise

The National Renewable Energy Laboratory noted an increase in spontaneous glass breakage in solar panels. The PV Module Index from the Renewable Energy Test Center investigates this and other glass-related trends in solar manufacturing.

Oxford PV unveils 26.9% perovskite tandem module efficiency record

Oxford PV has announced a record-setting 26.9% efficiency for its perovskite tandem module at Intersolar Europe 2024, the continent’s largest solar and energy storage event.

Markets & Policy


Amara Raja increases stake in InoBat to 9.32%

Amara Raja Energy & Mobility has increased its stake in EV battery specialist InoBat to 9.32% with a further investment of EUR 20 million into the company.

Adani Group to invest more than $100 billion in energy transition over the next decade

Next decade will see Adani Group invest more than $100 billion in the energy transition space and further expand its integrated renewable energy value chain—chairman Gautam Adani at CRISIL Ratings Annual Infrastructure Summit 2024.

IFC to finance Brookfield’s 550 MWp Bikaner solar power project

International Finance Corp. (IFC) has committed $105 million to Brookfield Asset Management’s 550 MWp solar power project in the Bikaner district of Rajasthan.

The interconnected impact of energy on real estate, industries and national development

Complete dependence on fossil fuel, which is a very volatile segment, can leave a country vulnerable to price fluctuations and geopolitical disputes. This is turn has a huge impact on the country’s economy as well. A prime example of which, can be seen with the current Ukraine- Russia crisis’s impact on the European countries rise in gas prices and subsequent economic turbulence.

India renewable growth story to continue to shine

Renewable capacity addition is expected to remain at around 15-17 GW annually, owing to significant reduction in the module prices over the past 12 months and availability of liquidity.

Financing the MSME sector to power India’s renewable energy goals

India has already seen several success stories where innovative financing has empowered MSMEs in the renewable energy sector. For instance, the Indian Renewable Energy Development Agency (IREDA) has launched schemes specifically designed for MSMEs. These schemes offer concessional loans and financial assistance, making it easier for MSMEs to undertake renewable energy projects.



Tesla launches Powerwall 3 in UK & Germany

Almost ten years after the “Powerwall 1,” US EV giant Tesla has launched its home battery system, Powerwall 3, in the United Kingdom and Germany. The Powerwall 3 is being officially presented at The smarter E Europe this week.

Solar dimming and brightening, and PV power plant output performance

Reliable assessment of the local solar radiation resource is a major component of large-scale PV power plant project development and financing. This assessment is usually based on the assumption that the long-term average annual solar radiation from previous years is not significantly different from the expected future solar resource availability. In many areas of the globe, the solar radiation availability in 2023 was considerably higher (up to 10-12%) than the long-term average, and this might be overshadowing the fact that a large fraction of utility-scale PV power plants is undeperforming.

U.S. startup claims doubled energy per acre with terrain-following solar array

California startup Planted Solar uses construction robots and high-density arrays to deliver what the company says are higher energy outputs and lower balance of system costs.

AMPIN Energy Transition wins its third consecutive utility bid within a month

AMPIN Energy Transition (formerly Amp Energy India) has won a 246 MWp wind-solar hybrid project in an auction by Solar Energy Corp. of India (SECI). This marks its third utility-scale renewable energy project win within a month.

Another bidding extension for 25 MW AC solar plant with 20 MW/50 MWh battery storage in Leh

Solar Energy Corp. of India (SECI) has announced third bidding extension for the installation and commissioning of a 25 MW AC (50 MWp DC) solar PV plant with 20 MW/50 MWh battery storage in Leh.

Longi launches ultra-black HPBC solar modules for residential applications

The Chinese manufacturer said its new Hi-MO X6 Artist series has an efficiency of up to 22.3% and a power output ranging from 420 W to 430 W. The smaller version is currently priced at CNY 298 ($41.7)/m2 and the largest model is sold at CNY 268/m2.



Jakson Green to execute world’s first flue gas CO2 to 4G ethanol plant

The project at NTPC's Lara super thermal power station will synthesize fourth-generation ethanol from carbon dioxide captured from waste flue gas and green hydrogen generated through electrolysis.

Green hydrogen hubs: Unfolding India’s potential

Hydrogen hubs, which are organised areas where production and utilisation facilities are closely linked, can make green hydrogen projects more viable. This cluster-based approach addresses the technical, logistical, and commercial challenges of long-distance hydrogen transport, enhances project viability, and allows for economies of scale and concentrated infrastructure.

JSW Energy starts construction of 1 GWh battery storage

JSW Energy has started construction work for its 1 GWh battery energy storage project in India, marking its foray into energy storage services. The company is also spearheading the development of India’s largest commercial-scale green hydrogen project in India.

The Hydrogen Stream: Sembcorp signs term sheet to supply green ammonia from India to Japan

Sembcorp Green Hydrogen, an arm of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric for the supply of green ammonia produced in India to Japanese off-takers. Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.

SECI launches 539,000-mtpa green ammonia tender

Solar Energy Corp. of India (SECI) is accepting bids to produce and supply 539,000 metric tonnes of green ammonia per year for use by the fertilizer industry in India. Successful bidders setting up green ammonia production facilities will be eligible for incentives under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Bidding closes on July 29.

Solar modules deployed in France in 1992 still provide 75.9% of original output power

New testing conducted at France’s oldest PV system have shown that its solar modules can still provide performance values in line with what the manufacturers promised.



Polysilicon prices stable, market concerns persist over worst-case scenario

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.

China’s battery price war catalyses global energy storage innovation

The plummeting costs of energy storage, driven by China’s relentless price war, are expected to catalyse more economic deployments worldwide. Lithium iron phosphate (LFP) batteries are surging in market share due to their lower costs and higher cycle life compared to nickel-based lithium-ion batteries.

Aiko presents ABC solar module with world record efficiency of 25.2% at Intersolar

The Chinese back contact module maker said its new products rely on the company’s all-back-contact (ABC) cell technology and feature a temperature coefficient of -0.26% per C.

Waaree Energies to supply 280 MW of n-type TOPCon solar modules to Mahindra Susten

Waaree Energies has secured the contract to supply its ELITE Series n-type TOPCon 580 Wp modules for Mahindra Susten’s PV projects in Bikaner, Rajasthan.

Sunmaxx PVT, Oxford PV present perovskite-silicon tandem solar thermal module with 80% overall efficiency

The new photovoltaic-thermal module, presented for the first time on the first day of Intersolar 2024, has a record electrical efficiency of 26.6% and thermal efficiency of 53.4%. The electrical output of the module with 6cm x 10cm M6 cells is 433 W.

Gautam Solar to showcase TOPCon glass-glass bifacial panels at Intersolar Europe 2024

Gautam Solar’s  TOPCon glass-glass bifacial panels are available in power range of 580 Wp to 590 Wp with maximum efficiency up to 22.84%.

Energy Storage


Hindustan Zinc secures supply deal with US-based battery developer

Hindustan Zinc will be the preferred supplier of zinc for the US-based battery company AEsir Technologies.

Gree presents photovoltaic DC air conditioner

The Chinese manufacturer said its new photovoltaic air conditioner is available in three versions with a cooling capacity ranging from 12.1 kW to 16 kW and a heating capacity of 14 kW to 18 kW. It can be used for both residential and commercial applications.

Gensol secures additional 250 MW/500 MWh in GUVNL’s battery storage project

Gensol Engineering Ltd has secured the full 500 MW/1,000 MWh capacity of Gujarat Urja Vikas Nigam Ltd’s standalone battery energy storage project with additional allotment of 250 MW (500 MWh) under Greenshoe option.

The Hydrogen Stream: Essar to set up green hydrogen plant in Gujarat

Essar Group will develop 1 GW of green hydrogen capacity along with associated green molecules capacity of 1 million tonne per annum in Jamnagar over the next four years.

Southeast Asia bets big on pumped hydro with 18 GW tipped by 2033

State-owned utility companies dominate pumped hydro projects in most of Indonesia, the Philippines, Vietnam and Thailand.

NTPC launches 250 MW/500 MWh standalone battery storage tender

NTPC Ltd has invited bids to develop 250 MW/500 MWh of grid-connected standalone battery energy storage systems at its Gadarwara (Madhya Pradesh) and Solapur (Maharashtra) sites.

Opinion & Analysis


$89 billion worth of investments likely to flow into the C&I RE sector in India by 2030

An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.

Industry tie-ups and innovative financing mechanisms will drive MSMEs’ renewable energy adoption in India

Innovative financing mechanisms, such as credit guarantees and first-loss coverage, are essential to funding MSMEs’ adoption of renewable energy.

Solar cell prices hold steady in quiet market

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.

Grid upgrades needed to support Asia Pacific’s renewable energy expansion

A regional grid would allow the region to share excess renewable energy and facilitate the importing of renewable energy to meet domestic decarbonization goals in economies with limited renewable resources.

72% of solar PV modules enlisted in the latest ALMM list are of high-efficiency technologies

Out of the 861 solar PV modules currently enlisted in ALMM, the majority (around 72%) are from high-efficiency technologies. With a 49% share, mono PERC is the most dominant module type in ALMM. Encouragingly, emerging PV module technologies such as n-type TOPCon, Bifacial n-type TOPCon, and Bifacial Mono PERC also account for a significant share of around 22.5%.

IEC lays ground for flexible silicon solar module standards

In its second monthly column for pv magazine, the IEC highlights the research on flexible crystalline silicon solar cells led by researcher Zhengxin Liu, the Vice Chair of IEC Technical Committee 82, which prepares standards for solar PV energy systems.

Press Releases

Luminous Power Technologies’ ‘Solar Spectrum of New India’ research reveals mixed perceptions for solar energy adoption

69% respondents believe that solar energy is environment friendly, underscoring a widespread recognition of its sustainability advantages. 85% of respondents believe their city has ideal weather conditions for installing solar-powered rooftop systems.

Kundan Green Energy Contributes Rs 25 Lakh to Mizoram CM Relief Fund  

The contribution is to the Chief Minister’s Relief Fund and will be used in relief operations to address the devastation caused by Cyclone Remal.

Panasonic Partners With State Bank of India (SBI) to Provide Financing to Its Solar Customers

The collaboration between Panasonic and SBI will provide attractive financing options to customers interested in solar energy and help in smoother adoption. This initiative is designed to break down financial barriers, making the transition to sustainable energy more feasible and appealing.

SNG & Partners collaborates with Singapore-based ESG firm Snowkap

SNG & Partners, a full-service law firm with offices in India and overseas, has announced a strategic alliance with Snowkap, a Singapore-based ESG firm with a presence in the Middle East and India, to blend legal acumen with ESG excellence and together deliver a complete suite of ESG+L services and solutions.