Solar bloodbath: Titans clash in ruthless price war
The ongoing price war between top global suppliers could catalyse more competitive solar panel pricing in the Indian market, potentially leading to an increase in solar adoption at both the commercial and residential levels.
Avaada Energy secures $143 million SBI loan for solar project in Gujarat
Avaada Energy has secured about INR 1,190 crore ($143 million) as a 20-year project loan facility from State Bank of India (SBI). It will use the financing to support the development of its 400 MWp utility-scale solar PV power project in Gujarat.
SJVN launches 1.2 GW solar tender
SJVN is accepting bids to develop 1.2 GW of solar power projects, connected to the interstate transmission system, anywhere in India. Bidding closes on June 17.
ADB offers $121 million for 100 MW solar project in Bangladesh
The Asian Development Bank (ADB) says a new 100 MW solar project in Bangladesh will be the country’s first private sector utility-scale PV facility to secure ADB support.
Scientist hails commercial feasibility of Saudi Arabian hydrogen city plan
Alberto Boretti was a senior research professor at Prince Mohammad Bin Fahd University in 2021 when he first started discussing the idea of a hydrogen city in Al Khobar, Saudi Arabia. The New Zealand-based independent tells pv magazine that it is now commercially feasible, as the city’s 200 MW of energy demand would necessitate 1 GW to 1.3 GW of solar and wind capacity, 509 MW to 997 MW of electrolysis capacity, and 145,000 MWh of hydrogen storage capacity.
ALMM expands market for domestic solar manufacturers
The ALMM reinstatement opens up a vast market for domestic solar panel manufacturers by creating a non-tariff barrier for Chinese products. However, for projects and schemes such as PM Surya Ghar: Muft Bijli Yojana which mandate domestic content requirement (DCR), the shortage of domestically manufactured cells could lead to an increase in the cost of DCR modules.
Waaree Energies secures 400 MW solar module supply contract with GIPCL
Waaree Energies will manufacture and supply 400 MW of bifacial solar PV modules to Gujarat Industries Power Co. Ltd’s (GIPCL) project in Gujarat.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured debt financing from HDFC Bank to develop a 120 MW solar project in Gujarat.
REC secures JPY 60.5 billion green loan backed by Italian export credit agency SACE
REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
EPC contractors can now submit bids until May 8 to set up 300 MW of solar capacity in the Ramagiri district.
