The Office of the President has turned its focus to solar panels, announcing the removal of the bifacial solar panel Section 301 tariff exclusion and addressing issues of stockpiling during trade cases, alongside promoting the nation’s manufacturing base.
SJVN Green Energy Ltd is accepting bids for production and supply of solar PV modules with a cumulative capacity of 376.60 MWp. Bidding closes on June 11.
Vikram Solar will supply bifacial modules with rated output of 540 Wp each to NTPC’s Khavda project in Gujarat. The modules meet the domestic content requirement.
With solar module oversupply triggering a price freefall in 2023 and no recovery in sight, market consolidation, inventory pile-up, technology shifts, and challenges to reshoring PV manufacturing are set to affect all levels of the solar supply chain.
Researchers at the German research institute have found that indirect gravure printing for metallization of silicon heterojunction solar cells reduces silver consumption and cycle times to below 0.5 seconds per cell, while still enabling conversion efficiencies of up to 20.7%.
GP Eco Solar will use the funds raised through the initial public offering (IPO) on NSE Emerge to fuel its growth in the solar sector. It will allocate around INR 12.45 crore for working capital and expansion, and invest INR 7.6 crore in subsidiary Invergy India for a new solar inverter assembly facility in Noida.
SEG Solar has secured a land-use agreement for a solar-focused manufacturing site in an industrial zone on the Indonesian island of Java. The $500 million plan will involve the production of 5 GW of silicon wafers, 5 GW of solar cells, and 5 GW of PV modules.
Societe Generale will provide up to $1 billion of debt finance and advisory solutions, over the next three years, to support the development of ReNew’s energy transition projects.
Manufacturers now have until May 31 to submit bids for setting up electrolyzer manufacturing capacities in India under the second round of the government’s Strategic Interventions for Green Hydrogen Transition (SIGHT) program.
India Ratings and Research expects India to maintain pace of renewables capacity addition owing to a significant drop in equipment prices, continued policy support, availability of liquidity, and investment plans of some of the large corporate players.
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