Swelect Energy Systems consolidated net profit 881% up YoY in FY 2024
Swelect Energy Systems Ltd (formerly known as Numeric Power Systems) has posted a consolidated total income of INR 279.33 crore and a net profit of INR 63 crore for the year ended March 31, 2024.
Renewable manufacturing costs up to 200% lower in China, says WoodMac
Wood Mackenzie says in its latest report that low prices and integrated supply chains allow Chinese manufacturers to supply more than 65% of total global demand for renewables equipment, with its exports growing by 35% between 2019 and 2023.
India’s solar module exports hit $1.97 billion in fiscal 2023-24
India’s solar module exports hit $1,969.13 million in fiscal 2023-24. Out of this, shipments to USA totalled $1,939.92 million.
Reliance signs alkaline electrolyzer deal with Norway’s Nel
Through the agreement, Reliance gets access to Nel’s technology platform for manufacturing alkaline electrolyzers.
Shedding light on tandem perovskite solar cell progress
Perovskite PV devices are set to become the next big thing in solar with market analysts at S&P Global Commodity Insights predicting 1 GW of production by the end of 2024, rising to 6 GW in 2025. Perovskite tandem devices are at the front of the queue for commercialization but their characterization presents technical challenges.
Global polysilicon prices hold steady, China polysilicon falls on weak demand
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.
Emmvee secures 600 MWp solar module supply contract with Hero Future Energies
Emmvee Photovoltaic Power has signed an agreement with Hero Future Energies (HFE) to supply up to 600 MWp of high-efficiency solar modules for HFE’s PV projects across India.
PERC solar products hard to sell due to falling TOPCon module prices
Prices for tunnel oxide passivated contact (TOPCon) solar panels continue to fall. pvXchange.com founder Martin Schachinger explains how this will affect the sale of PV modules based on passivated emitter and rear cell (PERC) cells.
Solex Energy buys 800 MW module production line from Wuxi, GMEE Solar
Solex Energy Ltd is expanding its solar module capacity to 1.5 GW by September this year with the addition of an 800 MW line. The new line will comprise new-generation stringers from Wuxi and automation from GMEE Solar.
Waaree Energies to supply 445 MW of bifacial solar modules to Statkraft India
Waaree Energies will supply 445 MW of its 540/545Wp dual-glass bifacial modules to Statkraft India’s single-location solar PV projects in Bikaner, Rajasthan.
