Markets & Policy

However, one-off exceptional events in the fourth quarter hit the solar EPC player’s overall fiscal performance. These included a prime subcontractor going bankrupt in Australia, rising module prices, and increased freight costs. 

LNJ Bhilwara, a diversified business group with presence in graphite electrode manufacturing, has formed a joint venture with Pune-based Replus Engitech to create lithium battery solutions for both e-mobility and stationary applications. The JV aims to have 1 GWh capacity operational in Pune by mid-2022 and eventually scale it to 5 GWh by 2024. 

The Togolese government aims for universal access to electricity this decade and for half of its power to come from clean energy sources under the National Development Plan (NDP).

Electricity bill payers in nations as diverse as China, India, Germany, and Greece should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

The diversified business group will invest over INR 60,000 crore ((US$ 8.1 billion) over the next three years to build Giga factories for solar, energy storage, electrolyzers, and fuel cells, respectively, to create a fully integrated, end-to-end renewables energy ecosystem. Additional INR 15,000 crore (US$ 2 billion) is planned to create a value chain, partnerships, and future technologies.

The government’s renewed efforts to curb solar equipment imports and upscale domestic manufacturing have started bearing fruits. The launch of the production-linked incentive (PLI) Scheme and the imposition of a basic customs duty (BCD) on imports have favored domestic capacity expansion.  

If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?

The American business is looking for module manufacturing partners as it plans to bring its ‘direct wafer’ production technique to India. The company uses molten silicon to form wafers rather than sawing ingots, thus eliminating dust waste and speeding up the process.

Applications are invited for procurement of power generated from NTPC’s 735 MW solar power project in Nokh, Rajasthan. To qualify, the applicant must have a sanctioned load greater than 2 MW.

A French start-up has developed a concrete flywheel to store solar energy in an innovative way. Currently being tested in France, the storage solution will be initially offered in France’s overseas territories and Africa.