Module and shipping cost inflation could cost the world 50 GW of solar next year
The input costs of the two biggest contributors to solar plant development expense have gone through the roof since the world began to come out of Covid-19 lockdowns, to leave project developers with some difficult choices.
Reliance offers INR 375/share to raise 25.9% stake in Sterling and Wilson Solar
The new energy arm of Reliance Industries Limited has made an open offer to acquire 4,91,37,420 shares from Sterling and Wilson Solar’ public shareholders at a price of INR 375 per share.
India added 8.8 GW of solar in the first nine months of 2021
The solar capacity addition for the calendar year 2021 is expected to touch 14 GW (11 GW utility scale and 3 GW rooftop) if the third Covid wave does not strike between November and December.
Tender launched for 50 GWh battery cell output with subsidy support
Global bids are invited to set up giga-scale advanced-chemistry battery cell manufacturing units in India under the government’s production-linked incentive scheme. To be eligible for the government subsidy, the bidder would have to commit to setting up a minimum of 5 GWh capacity. Bidding is open until December 31.
Australian prefabricated solar array manufacturer launches new modular solution
Sydney-based 5B has taken the wraps off a new generation of its re-deployable modular Maverick solar technology which it says is not only quicker and easier to install than the previous model but 30% more powerful.
Microgrid-forming PV microinverter from Enphase
The 97%-efficient device is said to be the most powerful PV microinverter developed by the company to date and is capable of forming a microgrid during a power outage. The U.S. manufacturer expects to ship the first products in December.
Solar tariffs could rise to INR2.60/kWh in the next fiscal year
The recent increase in the goods and services tax applied to solar cells and modules, from 5% to 12%, coupled with a planned 40% customs duty on panel imports, is set to increase project costs for developers.
SolarEdge launches residential battery and inverter
The DC-coupled battery has 94.5% round-trip efficiency and the inverter offers up to 11.4 kW power and 10.3 kW backup power.
Jindal India Solar, Shirdi Sai, Reliance and Adani the lowest bidders in production-linked solar tender
The four companies will each have half of their planned 4 GW annual production of polysilicon-to-module output subsidized by public funds.
Larsen & Toubro targets carbon neutrality by 2040
The Indian multinational EPC contractor will increase the share of renewable energy in the electricity mix across its campuses and project sites as part of efforts to reduce its carbon footprint.
