Markets

Gautam Adani, chairman of Adani Group, says vertical integration at scale promises the greatest acceleration towards reducing the cost of green hydrogen from the current $3-5 per kilogram (kg) to the $1/kg mark.

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.

Vikram V, vice president & co-group head-corporate ratings, ICRA Ltd, speaks to pv magazine about falling solar cell and module prices, its impact on the Indian pv manufacturers, and way forward.

The number of PV installations around the world grew by an annual average of 28% between 2019 and 2023, including a 56% jump from 2022 to 2023, according to Wood Mackenzie. Growth is not expected from 2024 to 2028, however.

The Indian government has demonstrated a robust commitment to advancing solar energy by implementing various strategic initiatives.

A new report by IEEFA and JMK Research says energy storage systems are poised to attract the highest investment of all emerging renewable energy sectors this decade, concurrent with the increasing penetration of renewable energy in the nation’s electricity grid.

India’s solar PV module exports in the April-October period of the current fiscal 2023-24 have surpassed module exports in the twelve months of the last fiscal.

The Union Minister of State for New & Renewable Energy, Bhagwanth Khuba, also exhorted the manufacturers to be reasonable in pricing solar modules and not take undue advantage of basic customs duty by spiking domestic panel prices.

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.

Essar Group will develop a 1 GW green hydrogen project in Gujarat with an estimated investment of INR 30,000 crore ($3.6 billion).