Uma Gupta
ALMM mandate reimposed: What it means
The ALMM mandate reimposed from April 1, 2024 provides relief for solar developers with advanced progress in development and with expected commissioning post-March 31, 2024. It also allows exemption for open access-based and captive solar projects, enabling these projects to source modules from the most cost-competitive sources.
Hartek secures 75 MW solar project from SJVN Green
Hartek Power has secured the contract to develop, implement, and maintain a 75 MW (AC) grid-connected solar PV power plant along with a 132 kV sub-station in the Jamui district of Bihar. The project is worth INR 113 crore.
Sterling & Wilson Renewable Energy selects Nextracker for around 2 GW of solar projects in India
Nextracker will supply its NX Horizon bifacial trackers for 1.5 GW DC and 375 MW DC projects at NTPC Renewable Energy Ltd’s solar park in Khavda, Gujarat. These projects are being executed by Sterling & Wilson Renewable Energy on EPC basis.
Alpex Solar IPO records 303 times subscription
The solar manufacturer will utilize the net proceeds to expand its PV panel capacity from 450 MW to 1.2 GW and establish an aluminium frame manufacturing unit, besides meeting working capital expenses.
Apraava wins a new transmission project in Madhya Pradesh
This is Apraava’s third transmission project win within the last 12 months. The project involves setting up 40 km of 765 kV double-circuit transmission lines and a 3,000 MVA substation.
Mahindra Susten wins 300 MW in SJVN’s 1.5 GW solar auction
Mahindra Susten will develop the project on a build-own-operate basis and supply power to SJVN under a 25-year power purchase agreement.
Gensol Engineering, Matrix Gas consortium wins production-linked incentives for hydrogen electrolyzer manufacturing
Gensol Engineering Ltd and and Matrix Gas & Renewables Ltd have won government incentives for electrolyzer manufacturing capacity of 63 MW per annum.
JSW Group to set up 50 GWh EV battery fab in Odisha
JSW Group has signed an agreement with the Odisha government to set up integrated electric vehicles (EVs) and 50 GWh battery manufacturing facilities with an investment of INR 40,000 crore in the state.
China polysilicon prices gain for the first time in 2024
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.
Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
