Markets

Loom Solar eyes Rs 100 crore turnover by FY21 

The monocrystalline solar panel and AC module maker, has, on average, achieved a ten times revenue growth year-on-year since its inception. It now aims to generate over Rs 100 crore revenue by the end of FY 2021—a 300% increase within a year. 

Engineering drives next-generation solar power in Southeast Asia—Black & Veatch interview

Mitesh Patel, Renewables Director-Asia, US-headquartered EPC player Black & Veatch, speaks to pv magazine about the key trends driving the solar market, especially in Southeast Asia, and strategies to improve the bankability of PV projects.

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CERC approves trading in green term-ahead market

The market-based mechanism will allow resource-rich and resource-deficit States to trade renewable energy and balance their renewable purchase obligation (RPO) targets. 

India added just 205 MW of solar capacity in second quarter

New large-scale solar installations totaled 120 MW compared to 896 MW in the first quarter of year 2020. Rooftop solar addition fell to 85 MW from 194 MW installed in the previous quarter.

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Battery manufacturing capacity set to increase fourfold to 1.3 TWh by 2030

Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.

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Value of PV imports tanked 83% in second quarter

Mercom India Research has said the quarterly value of solar cell and module imports was down 83% in the second quarter of the year, compared to the same period of 2019, to sit 54% lower than the value recorded in the January-to-March window.

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Europe will be our next stop – S&W solar interview

Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in regions which have eased up business lines, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.

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Safeguarding duty extension fails to win over manufacturers

The investigating arm of India’s commerce ministry has proposed continuing to apply the duty levied on solar cell imports from the east at a rate of 14.9% from July 30 and falling to 14.5% six months later.

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Impact of strained India-China relationship on the solar sector

India’s entire solar industry is dependent on Chinese imports to function. Hence, there is a comprehensive need to relook at the current policies and focus on building wafers and ingots capacity that will be used to manufacture the cells and eventually, modules.

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Enel joins the Indian solar gold rush

The Italian utility, fresh from securing its first 300 MW of PV generation capacity in the recent, record-setting tender held by SECI, has teamed up with the state-owned Norwegian Investment Fund to commit to further clean energy facilities in India.

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