Adani New Industries Q1 revenue up 209% YoY
Adani New Industries Ltd recorded a revenue of INR 1,898 crore ($229 million) in the first quarter of FY 2023-24, 209% up year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7.5 times to INR 355 crore as export volumes surged 19 times.
HPCL to empanel PV panel manufacturers for its solar projects
Hindustan Petroleum Corp. Ltd (HPCL) is enlisting solar panel suppliers and manufacturers for its future PV projects across India.
New technique to recover lead in end-of-life solar panels
A research group in the United States has developed a process to recover lead in its metallic form so that it can be reused in the PV industry. The process relies on a leaching solution based on a combination of acetic acid (CH3COOH) and hydrogen peroxide (H2O2), which the researchers said leaches the lead ‘in a matter of minutes.’
Lightweight solar panel provides solution for rooftop installations
Australian installer UV Solar has rolled out a new frameless solar panel that manufacturer GoodWe says is 60% lighter than conventional PV modules, making it ideal for rooftops that are unable to support traditional PV and racking.
Heliene plans to manufacture 1 GW solar modules, 1.5 GW solar cells in the U.S.
Canadian-based Heliene plans a new factory in Minnesota that will begin producing modules in 2024 and cells in 2025.
India to emerge as global renewable energy powerhouse, says power minister
The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.
Brookfield, Reliance Industries sign MoU for solar panel, battery storage production in Australia
Brookfield and Reliance have signed a memorandum of understanding to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.
Module prices revert to descending trajectory after a brief rally
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
GCL-Si opens 20 GW solar cell factory
GCL-Si says it has commissioned a new 20 GW solar cell factory that will supply n-type TOPCon cells to its module facilities in Hefei, Anhui province, and Funing, Jiangsu province.
Adani New Industries raises $394 million from Barclays, Deutsche Bank
Adani New Industries Ltd has raised a trade finance facility of $394 million from Barclays and Deutsche Bank, securing the working capital requirements of its integrated solar module fab.
