US solar industry calls for domestic content rules to support manufacturing
A recent report from the Solar Energy Manufacturers for America Coalition (SEMA) shows that with stronger support in the early stages, US module manufacturers would rely less on imports from Chinese-owned companies for materials.
Weekend Read: Solar giants enter the storage market
Energy storage is the new solar for an increasing number of Chinese PV manufacturers. However, China still requires enabling policies for storage to provide the end-market volumes needed to bolster the fortunes of manufacturers old and new.
Solar module prices remain steady amid unchanged market fundamentals
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.
Husk Power secures $20 million in debt financing from European Investment Bank
Husk Power will use the fund for the construction of community solar minigrids in Nigeria, installation of rooftop solar for commercial & industrial (C&I) customers, expansion of appliance sales to households and small businesses, and the scaling of value-added services such as agro-processing and e-mobility.
IRENA says global solar capacity rose by 345.5 GW in 2023
The International Renewable Energy Agency (IRENA) says developers installed 345.5 GW of solar throughout the world in 2023. China mainly drove the surge, accounting for nearly three-quarters of all new renewable energy, but IRENA says more equitable growth will be needed to hit 2030 deployment targets.
India added 20.8 GW of solar module, 3.2 GW of cell manufacturing capacity in 2023, says Mercom
India’s cumulative solar module manufacturing capacity reached 64.5 GW and solar cell capacity 5.8 GW as of December 31, 2023.
Luminous opens solar panel factory in Rudrapur
The fully automated solar panel plant with a production capacity of 250 MW is expandable up to 1 GW nameplate capacity.
Renewable energy developers applaud Supreme Court verdict on Great Indian Bustard protection
India’s apex court has relaxed restrictions on the construction of overhead transmission lines in the potential areas for renewable energy generation in Rajasthan and Gujarat. It has also constituted a new committee to identify measures and safeguards to be adopted in overhead transmission that can help conservation of Great Indian Bustard.
Polysilicon prices persist in potential trend downward, governed by unfavorable factors
In a new weekly update for pv magazine, OPIS, a Dow Jones company, offers bite-sized analysis on solar PV module supply and price trends.
NTPC allocates 1,584 MW of renewables-plus-storage at $0.056/kWh
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable renewable energy. The projects are to be developed on a build-own-operate basis.
