Installations

Siemens Ltd has announced a  revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023. 

Scientists in India have developed a 500 W seven-level inverter prototype based on switched capacitors. The device is reportedly able to achieve a high efficiency despite switching, conduction, and capacitor voltage ripple losses.

BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.

Airtouch Solar will supply and install water-free robotic cleaning systems for Adani Green Energy’s 150 MW solar plant in India. This is the second agreement between the parties within a span of four months.

Netherlands-based developer of lightweight PV systems, Rable Group, claims its new rooftop PV solution can be installed in 20 minutes without the need for special permitting or modifications to the fuse box.

Goldi Solar has announced it will power the residences of the rescued workers with solar energy.

Japan’s latest procurement exercise was open to PV projects above 250 kW in size. The lowest price came in at JPY 7.94 ($0.053)/kWh, with 105 MW of allocated capacity.

Tata Power Renewable Energy Ltd will develop a hybrid power plant comprising solar, wind, and battery storage components to ensure 200 MW of firm and dispatchable renewable power supply. The project has been awarded by SJVN.

Engie secured the 400 MW solar project through competitive bidding in an auction by Gujarat Urja Vikas Nigam Ltd (GUVNL). The project is set for commissioning by the second quarter of 2024.  

Waaree Energies has signed a three-year deal with Spanish developer Acciona to supply 1.5 GW of TOPCon solar modules for Acciona’s PV installations in the United States from 2024 to 2026. The contract follows Waaree’s latest 850 MW mono PERC shipment to Acciona’s four projects in the US.