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Battrixx to use EVE Power’s battery cells for energy storage solutions

Kabra Extrusion Technik will produce advanced battery energy storage system (BESS) solutions based on battery cells from China’s Eve Power.
Installations

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 extended bidding for the installation and commissioning of the 25 MW AC (50 MWp DC) solar PV plant with 20 MW/50 MWh battery storage in Leh by another two weeks.
Manufacturing

The Hydrogen Stream: GAIL opens 10 MW green hydrogen plant

GAIL (India) Ltd, India’s largest natural gas company, has set up a green hydrogen plant that can produce 4.3 tonnes of hydrogen per day through 10 MW PEM (proton exchange membrane) electrolyzer units.
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Manufacturing

Solex Energy profit grows 222% YoY in FY 2023-24

Solex Energy Ltd, a Surat-based solar panel manufacturer and EPC provider, has posted revenue from operations of INR 3,659.2 million and a net profit of INR 87.3 million for FY 2023-24.
Manufacturing

Fraunhofer ISE unveils M10 TOPCon solar cell with 24.0% efficiency

The German research institute said the new 120 µm thin solar cell could exceed 25% efficiency with the next optimization steps. The device was metalized via screen-printed contact fingers and calibrated by scientists at the Institute for Solar Energy Re...
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Manufacturing

China’s Renshine plans GW-scale perovskite PV panel factory

Renshine Solar says it will open a gigawatt-scale perovskite PV module factory in Jiangsu province, with a planned investment of CNY 1 billion ($138 million). In January, it reported that its perovskite solar panels had achieved a power conversion effici...
Installations

SECI launches 1.2 GW solar tender

Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV power projects on a build-own-operate basis in India. Bidding closes on July 12.
Installations

High import duties affecting solar deployment in Bangladesh

Analysts at a recent event in Dhaka called for the removal of high import duties on solar products in Bangladesh, as it could reduce PV system prices by up to 11%.

Markets & Policy

Featured

Avaada Energy secures $38 million for captive solar project in Karnataka

Avaada Energy has secured financing for its solar PV power project being developed under a long-term captive power purchase agreement with Karnataka Cooperative Milk Producers’ Federation Ltd.

Jakson Green secures INR 600 million to advance renewable energy projects

Jakson Green has secured a sustainable trade facility of INR 600 million ($7.2 million) from HSBC India. This funding will support the company’s working capital requirements for its renewable energy business, both in India and internationally.

Gensol Engineering profit 129% up in FY 2024

Gensol Engineering recorded consolidated revenue of INR 996 crore and net profit of INR 53 crore for fiscal 2023-24.

Maxvolt secures $1.5 million for lithium battery plans

Maxvolt Energy Industries has raised $1.5 million from angel investors to accelerate its lithium battery research and development efforts, enhance the production capacity, and expand market reach.

Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024

Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.

IndiGrid Q4 FY 2024 revenue grows 31% year-on-year

IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.

Installations

Featured

Solar panels in orbit

Space-based solar power generation has the potential to address many of the challenges that terrestrial systems face.

The role of renewable energy in achieving India’s net zero goals

The road to net-zero emissions in India doesn’t require herculean efforts. We can get there by wholeheartedly adopting renewables, investing in innovation and technology, and promoting public-private partnerships to build a better, cleaner, and more sustainable India for generations to come.

Havells India to ramp up solar power capacity to 16 MW

Havells India will expand the solar power generation capacity for self-consumption to 16 MW by installing a 4.6 MW solar power plant at its Alwar facility this fiscal.

Madhav Infra secures EPC contract for 15 MW floating solar in Chhattisgarh

Madhav Infra Projects has secured the order to set up a 15 MW floating solar PV project at Maroda Reservoir of NTPC-SAIL Power Co. Ltd (NSPCL) in Chhattisgarh.

Bladeless wind energy innovation aims to compete with rooftop solar

A compact, “motionless” wind turbine with a magnetic generator designed for large commercial rooftops provides 5 kW of capacity per unit. Aeromine Technologies secured Series A funding for scaling its innovative design.

Another bidding extension for 300 MW solar EPC in Andhra Pradesh

EPC contractors now have until June 5 to bid for setting up 300 MW of solar capacity in the Ramagiri district.

Technology

Featured

Indian Army receives hydrogen bus

The Indian Army has received a hydrogen fuel cell bus under its collaboration with Indian Oil Corp. Ltd (IOCL) for demonstration trials of this technology. The bus promises a mileage of 250-300 km on a full 30 kg onboard tank of hydrogen fuel.

Reliance signs alkaline electrolyzer pact with Norway’s Nel

Through the agreement, Reliance gets access to Nel’s technology platform for manufacturing alkaline electrolyzers.

The Hydrogen Stream: Hygenco, Mitsubishi partner to deliver green hydrogen-fired GTCC power plants

Hygenco Green Energies has signed a memorandum of understanding (MoU) with Mitsubishi Heavy Industries and Mitsubishi Power to deliver green hydrogen-/ammonia-fired gas turbine combined cycle (GTCC) power plants.

IEA-PVPS launches action group on agrivoltaics

IEA-PVPS is poised to launch a new format for expert engagement. It will include an action group on agrovoltaics, as well as a collaborative effort to match agriculture and solar generation. It aims to unlock the potential of agrivoltaics, optimize land use efficiency, enhance agricultural resilience to climate change, and foster social consensus for solar development.

U.S. scientists demonstrate 25%-efficient perovskite-cadmium tandem solar cell

The researchers say the cell has a top perovskite cell with a transparent back contact made of indium zinc oxide and a commercially established cadmium telluride bottom device. They claim the champion tandem cell has the potential to reach a 30% efficiency.

Climate-tech investment: Sustainable growth or looming bubble?

While the first quarter of 2024 has shown a significant and potentially transformative rise in climate-tech funding, the sustainability of this growth remains uncertain.

Manufacturing

Malaysia’s UIS installs WGR regrooving, recoating solution at 2 GW Mundra solar facility  

UIS Technologies has commissioned its polyurethane (PU) recoating and regrooving solutions for wire guide rollers (WGRs) at Adani's 2 GW solar ingot-wafer plant in Mundra, Gujarat.

U.S. scientists develop air-bridge thermophotovoltaic cells with 44% efficiency

U.S. scientists have developed a thermophotovoltaic cell that could be paired with inexpensive thermal storage to provide power on demand. The indium gallium arsenide (InGaAs) thermophotovoltaic cell absorbs most of the in-band radiation to generate electricity, while serving as a nearly perfect mirror.

Solarwatt shuts down battery factory in Germany

Solarwatt says it will shut down its battery factory in Germany. Battery production at the Dresden facility will halt at the end of this year, and the company will move all battery and solar panel production to China.

Lead-free inverted perovskite solar cells without transparent conducting oxides may achieve 30% efficiency

Researchers in Nigeria have proposed to build inverted perovskite solar cells exclusively with all-inorganic transport materials and a lead-free perovksite absorber. Through a series of simulations, they showed these device may achieve efficiencies over 30% with low production costs.

Alpex Solar net profit grows 680% YoY

Alpex Solar, which was listed on NSE Emerge in February, has reported operational revenues of INR 404.43 crore and net profit of INR 29.05 crore for FY 2024.

Renewable manufacturing costs up to 200% lower in China, says WoodMac

Wood Mackenzie says in its latest report that low prices and integrated supply chains allow Chinese manufacturers to supply more than 65% of total global demand for renewables equipment, with its exports growing by 35% between 2019 and 2023.

Energy Storage

Featured

Policy uncertainty creates ‘gap’ between hydrogen aims and reality, says BNEF

BloombergNEF (BNEF) says in a new study of 1,600 planned hydrogen projects that governments will miss their 2030 hydrogen targets. Analyst Adithya Bhashyam tells pv magazine that most of the announced projects to the end of this decade lack the key conditions for success.

India expected to install 21.2 GW of solar in FY 2025

JMK Research projects 21.2 GW of new solar capacity addition in FY 2025. This will comprise 16.5 GW of utility-scale, 4 GW rooftop, and 700 MW off-grid installations.

Hybrid hydrogen-battery system for off-grid PV-powered homes

Conceived by a Dutch research group, the proposed system is intended to store surplus renewable electricity via hydrogen generation and battery storage, with the latter being used only when hydrogen generation is not immediately available. Despite its high initial costs, the system can reportedly offer stable operation.

Nigeria’s Rural Electrification Agency, Husk Power Systems partner to deploy 250 MW of decentralized renewable energy projects

Nigeria’s Rural Electrification Agency has partnered Husk Power Systems for inter-connected minigrids and isolated minigrids, rooftop commercial and industrial (C&I) solar, productive use of energy (PUE), and appliance sales and financing.

Hero Future Energies secures PPA for 150 MW renewables-plus-storage project  

Hero Future Energies has secured a power purchase agreement (PPA) with SJVN Ltd for a 150 MW firm and dispatchable renewable power project to be developed in Karnataka.

World’s largest compressed air energy storage project comes online in China

Zhongchu Guoneng Technology Co., Ltd. (ZCGN) has switched on the world’s largest compressed air energy storage project in China. The $207.8 million energy storage power station has a capacity of 300 MW/1,800 MWh and uses an underground salt cave.

Opinion & Analysis

Featured

Global polysilicon prices hold steady, China polysilicon falls 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.

India braces for scorching summer: Record power demand puts coal in spotlight 

With temperatures expected to soar beyond 40 degrees Celsius, the spotlight turns to India’s coal-fired power stations, which comprise a hefty 218 GW of the total energy capacity.

PERC solar products hard to sell due to falling TOPCon module prices

Prices for tunnel oxide passivated contact (TOPCon) solar panels continue to fall. pvXchange.com founder Martin Schachinger explains how this will affect the sale of PV modules based on passivated emitter and rear cell (PERC) cells.

Global solar and wind generation will soon pass nuclear, hydro

In a new monthly column for pv magazine, the International Solar Energy Society (ISES) explains how solar and wind are dominating power plant construction.

Competition, oversupply to reduce n-type solar module prices

Global solar demand will continue to grow in 2024, with module demand likely to reach 492 GW to 538 GW. Amy Fang, a senior analyst at InfoLink, looks at module demand and supply chain inventories in a market still affected by oversupply.

Navigating the future of hydrogen

Hydrogen, often lauded as a beacon of hope in the quest for a low-carbon future, stands at a pivotal crossroads. As the world grapples with the dual challenges of escalating energy demands and climate change, hydrogen presents a unique opportunity to harmonize industrial development with environmental stewardship. However, its path is fraught with complexities and obstacles that require careful navigation.

Press Releases

Energy-tech startup Astute Synergies Aims to Disrupt CBG Market with Innovative Solutions; Promises to Optimize Installation Costs by 40%

The company’s advanced membrane-based technology will minimize methane loss during purification, leading to significant cost savings. The company is targeting to achieve a remarkable 40% reduction in the installation costs of CBG plants.

Suzlon secures a new 551.25 MW order for the 3 MW series from Aditya Birla Group

To supply 175 wind turbines with a rated capacity of 3. 15 MW each

REnergy Dynamics announces its launch in the renewable energy sector

Targets ₹5000 crore order book by April 2029; Operations have begun with several owned and EPC projects already underway

EKI Energy Services Ltd and FARI Solutions Ally to Revolutionise Carbon Credit Ventures in Azerbaijan

EKI partners with FARI Solutions, leading blockchain firm, to advance carbon credit initiatives in Azerbaijan, strengthening its position in the region.  EKI to manage carbon credit processes, bolstering competitiveness and fostering business relationships.

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