Qcells hits 28.6% efficiency with scalable perovskite-silicon solar cell
South Korea-based solar module manufacturer Qcells has set a new efficiency world record for a commercially scalable perovskite-silicon tandem solar cell, produced at its pilot line in Germany.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
ABB to acquire Gamesa’s power electronics, storage business
ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.
Acme Solar commissions 1,483 MWp in Rajasthan
Acme Solar has switched on four co-located solar projects aggregating to 1,023 MW AC (1,483 MWp) in Rajasthan. The capacity, connected to the interstate transmission system, constitutes 85% of the overall 1.2 GW project that benefits from a 25-year power purchase agreement (PPA) with SECI at a tariff of INR 2.44/kWh.
Avaada Energy wins 200 MW (DC) solar project from GUVNL
Avaada Energy will develop a 200 MW (DC) solar plant for power supply to Gujarat Urja Vikas Nigam Ltd at a tariff of INR. 2.75 per kWh.
NTPC Renewable switches on 30 MW solar in Gujarat
The newly commissioned capacity is part of NTPC Renewable Energy’s 150 MW solar project across Limbdi, Mesanka and Radhanpur
Nexwafe claims 24.4% efficiency for heterojunction solar cell built with its ultrathin wafers
The German wafer manufacturer said the efficiency was achieved with an unspecified M6 HJT commercial production line, without specifying if the result was certified by an independent third party.
New US solar manufacturer to open 2.5 GW HJT factory
NuVision Solar – a newly formed, US-owned and operated manufacturer – has revealed plans to produce heterojunction (HJT) solar cells and modules.
India to mandate energy storage for solar, wind projects
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
ALMM cell mandate will drive up capital cost for solar developers, says Crisil report
The prices of domestically manufactured solar cells are 1.5-2 times more than alternatives from China even after basic customs duty. Such high prices can drive up the capital cost of solar power projects by INR 5-10 million/MW and, in turn, tariffs by 40-50 paise per kWh, says CRISIL Market Intelligence and Analytics.
