Highlights

Juniper Green Energy has secured a power purchase agreement (PPA) with the Solar Energy Corp. of India (SECI) for the development of a 150 MW wind-solar hybrid power project in Gujarat and Rajasthan. It has also secured a PPA with GUVNL for a standalone 90 MW wind power project in Gujarat.

The Corporate Sustainability Due Diligence Directive signals a new era of corporate responsibility, urging Indian businesses to embrace sustainable practices to thrive globally. This presents an opportunity to enhance competitiveness, attract global partners, and contribute to a more sustainable and resilient future.

The new campus of Nalanda University in Bihar’s Rajgir is powered by a 5 MW AC on-grid solar plant, designed and implemented by Bharat Heavy Electricals Ltd.

Each region has a different way of doing things, whether it’s selecting sites, managing employees, or implementing manufacturing standards. Companies looking to expand into foreign markets need to be prepared to deal with these cultural differences, says Clean Energy Associates (CEA) Vice President Mark Hagedorn.

At Intersolar in Munich, pv magazine spoke with Jenny Chase, solar analyst at BloombergNEF, about the incredibly low polysilicon prices, massive overcapacity, and increasing consolidation. According to Chase, this year there will be enough polysilicon capacity to produce 1.1 TW of solar modules, but global module demand is expected to reach around 585 GW. “That is a pretty huge delta,” she said, noting that the solar industry should also prepare for a series of “negative feedback mechanisms,” such as negative prices and excess of solar power.

Cleantech Solar has announced the financial close of a long-term debt finance amounting to INR 855 crore ($102.49 million) from Aseem Infrastructure Finance Ltd.

As part of our Intersolar 2024 interview series, pv magazine spoke with Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie, about overcapacity, declining panel prices and expected PV demand for the next years. She revealed that Chinese module procurement schemes are currently seeing unprecedented, “ridiculously” low bids, but she also noted that the $0.08/W threshold may now be difficult to exceed. Hryshko also expects many manufacturers to backpedal on previously announced capacity expansion plans and renegotiate module supply contracts.

JSW Neo Energy, an arm of JSW Energy, has secured a 300 MW interstate transmission system (ISTS) connected wind-solar hybrid power project from Solar Energy Corp. of India Ltd.

Until now, balcony inverters were mostly simple micro inverters, with batteries integrated via MC4 connectors. A hybrid inverter should improve this situation.

SunSource Energy has switched on three solar power plants with a combined capacity of 45 MWp in Uttar Pradesh. Power purchase agreements (PPAs) for the entire 45 MWDC capacity have been signed with clients across industry verticals.