India Ratings maintains stable outlook on solar sector for FY2020-21
Contracted revenue, minimal volume risk and moderate-to-strong counterparties mitigate cash flow concerns in solar assets.
Larsen & Toubro bags 50 MW solar project in Tamil Nadu
Following a 20 MW floating solar project in Uttar Pradesh last month, Larsen & Toubro has won an order to design and construct a 50 MW solar plant in Tamil Nadu.
Trade shows postponed over coronavirus fears
As the contagion continues to spread, its impact is beginning to be felt on the solar industry outside China with the cancellation or postponement of major trade shows and conferences that were set to take place over the next few weeks.
Rooftop solar leader Gujarat gets maximum central financial support for RE generation
With Rs 118.27 crore in the current financial till February 10, Gujarat is way ahead among all states and union territories in getting the central financial support for new and renewable energy generation.
Italian inverter maker confirms no ABB jobs will be lost in India
Fimer’s takeover of the inverter business of the Swiss conglomerate will not affect job numbers at ABB’s Indian production facilities, according to the new owner of the combined business.
Global energy storage market to surge to 15 GW by 2024
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
USA: Government report says Trump’s solar tariff has accomplished little
The U.S. ITC has released a report highlighting changes in the domestic solar cell and module manufacturing industry, showing that while there has been an increase in domestic module manufacturing, the overall program’s success, relative to the $740 million in tariffs, has created little measurable benefit.
Solar projects reprieved as Indian government declares coronavirus a force majeure
Lobby group the National Solar Energy Federation of India says around 4 GW of solar plant capacity is likely to be affected by component shortages after the outbreak of the virus in China.
Waaree signs MoU with Gujarat to set up Rs 11 billion solar modules and cells plant
Coming up at Moda village in Valsad district, this will be Waaree’s third solar modules investment in Gujarat after Surat and Umargam plants.
Large scale storage still some way off
Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.
