Markets

Continued government support, coupled with strategic investments in technology and infrastructure, will be crucial in realizing India’s renewable energy goals and cementing its position as a global leader in solar module manufacturing.

The solar industry stands at a critical juncture. Oversupply, regulatory hurdles, and technological advancements are all reshaping the landscape. Manufacturers must adapt swiftly, balancing production with demand while navigating the complexities of global trade.

The International Trade Administration Commission of South Africa (ITAC) has imposed a 10% import tariff on solar panels to protect local manufacturers, attract investment, and deepen the value chain. The South African Photovoltaic Industry Association has questioned the lack of formal industry engagement, calling the timing “not ideal.”

Martin Schachinger, founder of pvXchange.com, says that solar module prices are falling across the board, while batteries and inverters are hitting historically low prices due to market oversupply.

Google has made a capital investment in Taiwan-based New Green Power, in a deal that grants the US company the rights to procure up to 300 MW of solar assets.

A new working paper by WRI India identifies existing gaps and offers suggestions to design policies that assist micro, small and medium enterprises (MSMEs) to switch to clean energy at a faster rate.

India installed about 11.7 GW of utility-scale solar capacity and another 3 GW of rooftop solar capacity in the twelve months ending March 31, 2024.

India’s Hygenco Green Energies has signed a term sheet with Switzerland’s Ameropa for the potential supply of green ammonia from its forthcoming project at the Gopalpur port in Odisha.

The Corporate Sustainability Due Diligence Directive signals a new era of corporate responsibility, urging Indian businesses to embrace sustainable practices to thrive globally. This presents an opportunity to enhance competitiveness, attract global partners, and contribute to a more sustainable and resilient future.

Each region has a different way of doing things, whether it’s selecting sites, managing employees, or implementing manufacturing standards. Companies looking to expand into foreign markets need to be prepared to deal with these cultural differences, says Clean Energy Associates (CEA) Vice President Mark Hagedorn.