Waaree Energies announces plans for 5 GW solar cell, module facility in USA
Waaree Energies will build a solar module manufacturing facility with an initial capacity of 3 GW per year by Dec. 2024. It plans to ramp up the fab’s module capacity to 5 GW with an integrated 5 GW cell facility by 2027. The company has already secured an offtake contract with SB Energy.
India exported solar modules worth $1,136 million in April-October this year
India’s solar PV module exports in the April-October period of the current fiscal 2023-24 have surpassed module exports in the twelve months of the last fiscal.
Longi announces 27.09% efficiency for heterojunction back contact solar cell
Longi has announced the achievement of 27.09% efficiency for its heterojunction back contact (HBC) solar cell, a result that has been confirmed by Germany’s Institute for Solar Energy Research (ISFH).
Passive solar module cooling tech based on PCM, heat sink fins, water
A global research group has designed a novel PV module cooling system based on multiple cooling sources. The proposed system was able to reduce a PV system temperature by up to 16.7 C and increase power output by over 9%.
P-type PERC solar modules now selling in Europe for €0.10/W to €0.115/W
Prices for p-type PERC solar panels could cross the €0.10 ($0.1093)/W threshold in the first quarter of 2024, says Leen van Bellen, business development manager Europe for Search4Solar, a Dutch purchasing platform for PV products. He told pv magazine that European stocks are expected to shrink, and that prices should recover in the middle of the second quarter of 2024.
CubicPV announces $1 billion long-term silicon supply agreement
OCIM, a South Korean polysilicon manufacturer, will supply CubicPV with U.S.-compliant silicon for development of solar wafers.
Vikram Solar signs 152 MW module supply contract with NTPC
Vikram Solar will supply mono PERC bifacial PV modules to NTPC’s Nokh solar power project in Rajasthan. This order will take Vikram Solar’s cumulative NTPC portfolio to 947 MW.
PLI Scheme will boost indigenous production of solar panels: Union minister Bhagwanth Khuba
The Union Minister of State for New & Renewable Energy, Bhagwanth Khuba, also exhorted the manufacturers to be reasonable in pricing solar modules and not take undue advantage of basic customs duty by spiking domestic panel prices.
China’s Akcome to expand HJT solar cell capacity by 4.6 GW
Akcome Technology has expanded its heterojunction (HJT) solar cell capacity by an additional 4.6 GW, while China Energy Construction Corporation (CECC) has kicked off a 42 GW inverter tender for 2024.
Competition heats up
Oversupply is hitting some solar manufacturers hard but grid constraints and labor shortages are unlikely to hold the solar industry back in 2024.
