NSEFI welcomes announcement of pump storage policy in Union Budget 2024-25
National Solar Energy Federation of India (NSEFI) expects budget to accelerate renewable energy uptake across MSMEs and hard-to-abate industrial sectors.
Budget 2024-25: India imposes customs duty on solar glass imports, exempts equipment for cell and module manufacturing
Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.
PM Surya Ghar Muft Bijli Yojana: Challenges and Solutions
Mandating stringent quality and performance standards is imperative to safeguard consumers from potential exploitation in the burgeoning rooftop solar market. The technology to do this exists, but we need to see if the will is there.
Germany’s solar market faces price wars, consolidation
A series of inquiries to residential PV installers has revealed a tough consolidation phase in Germany’s solar installation market. With an increasing number of installers offering solar arrays at very low prices, competition is intensifying as companies vie for fewer orders.
Gensol Engineering wins bid for 150 MWp of solar projects in Gujarat
Gensol Engineering Ltd has emerged as winning bidder for engineering, procurement, and construction of 116 MW (150 MWp) of solar projects in Gujarat. It will install these projects for feeder-level solarization.
Solar power on the rise: A buying spree fuelled by innovation and price wars
While companies grapple with razor-thin margins, these price wars are accelerating the adoption of solar power globally.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured INR 436 crore ($52.85 million) debt finance from State Bank of India to advance its 120 MW solar project in Gujarat.
JSW Energy secures LoAs for 500 MW solar plus storage, 300 MW solar projects
JSW Neo Energy, an arm of JSW Energy, has received a letter of award from Solar Energy Corp. of India Ltd for setting up a 500 MW solar power project along with 250 MW/500 MWh of energy storage systems. It has also secured a 300 MW solar power project from Karnataka Renewable Energy Development Ltd.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
