GP Eco Solutions intends to utilize INR 12.45 crore of the IPO proceeds to meet its working capital requirements and invest INR 7.6 crore in its subsidiary Invergy India to procure plant and machinery and set up a new facility.
The Indian solar industry’s transition to TOPCon and HJT underscores the need for technological upgrades and increased investment in cell manufacturing capabilities.
AmpIn Solar, a JV between AmpIn Energy Transition and Jupiter International Ltd, is setting up the 1.3 GW per annum solar cells and modules manufacturing facility in Odisha under the government’s production-linked incentives (PLI) scheme.
Earlier this year, Adani Group also announced pumped storage investments in Tamil Nadu and Telangana.
Grew Energy unveiled its 550 Wp p-type mono PERC module with a module conversion efficiency of up to 21.29% and n-type TOPCon module with up to 23% module conversion efficiency at Intersolar India 2024 last week.
Larsen & Toubro (L&T) has commissioned its first indigenously manufactured electrolyzer at the green hydrogen plant of its state-of-the-art manufacturing facility AM Naik Heavy Engineering Complex in Hazira, Gujarat. The pressurized alkaline electrolyzer can produce 200 Nm3/hour of hydrogen.
Wood Mackenzie says the levelized cost of electricity (LCOE) in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.
Austrian manufacturer Aerocompact has developed the SN2 Q PLUS solar mounting system, which can support PV modules measuring up to 1,310 mm x 2,500 mm. It has an installation angle of between 5 degrees and 10 degrees.
Bernreuter Research says the volume of polysilicon shipments into China dropped 28.5% year on year in 2023 to the lowest level since 2011. It predicts that imports could fall by another 40% this year.
The 360 MW DC solar plant, connected to the inter-state transmission system, will supply power to commercial and industrial customers nationwide.
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