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.
Emmvee Group will supply 795.4 MWp of TOPCon DCR modules for NTPC Renewable Energy Ltd’s Khavda solar project in Gujarat.
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.
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.
Standard Energy, a subsidiary of Singapore’s GSTAR Group, says the first batch of equipment has arrived at its new 3 GW silicon wafer and 3 GW solar cell smart factory in Thailand. Production is expected to commence in July.
China’s Utmo Light showcased its first full perovskite PV module at this week’s SNEC PV trade fair in Shanghai, underscoring the technology’s ongoing shift toward commercialization.
JinkoSolar says its 182 mm tunnel oxide passivated contact (TOPCon) solar module has achieved a conversion efficiency of 25.42%.
The 482 MW hybrid project, consisting of 383 MW of solar and 99 MW of wind capacity, will come into operation in 2026.
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.
Lower polysilicon and wafer prices are providing some relief to solar cell and module producers, although the entire supply chain is grappling with excess capacity and intense price competition.
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