AC Energy, UPC Solar JV raises funding to develop 100 MW Rajasthan project
UPC-AC Energy Solar has closed a debt-to-equity financing deal with the US International Development Finance Corporation (DFC) to develop a 100 MW PV project in Rajasthan.
Haryana plans 93 MW solar power capacity
The Haryana Power Generation Corporation Limited (HPGCL) plans to develop 77 MW solar capacity on its own land and 16 MW on land owned by village councils.
Electric car maker Triton-EV registers India office
The US-headquartered company has registered its Indian arm by the name of Triton Electric Vehicles India in New Delhi as it plans to capture the nation’s growing EV market. It is also in discussion with a few states to set up a factory.
Solar manufacturer wants customs duty waiver to domestic sales by SEZ units
Domestic sales by manufacturing units located within special economic zones (SEZs) are treated as exports, attracting customs duty levy. This puts the SEZ manufacturers at a disadvantage compared to those in the domestic tariff area.
Solar modules to face 40% customs duty, and cells 25%, from next year
India’s finance ministry has approved the proposal to levy the duty from April 2022. Customs notification of the move will be issued at a later date.
India, Sweden to fund joint R&D in renewable energy and storage
The Department of Science & Technology, Government of India, and the Swedish Agency for Innovation Systems (Vinnova) have issued a call for joint R&D proposals in renewable energy, electric vehicles and energy storage. The deadline for the submission of proposals is May 6.
LONGi Solar was India’s biggest module provider in 2020
The Chinese manufacturer shipped over 1,500 MW (DC) of modules last year, accounting for a 15.6% share of the total 9,478 MW module supplies in the nation.
Solar arrays on canals
Canal-top solar installations make an attractive proposition for India as these provide renewable electricity for farming activities without consuming the land. Such projects also lead to canal water savings due to reduced evaporation. However, their high cost compared to ground-mount remains a concern.
Reusing PV modules pose opportunities and challenges
In a new study, PV Cycle and Imec/EnergyVille examine the growing PV module reuse sector and detail both the opportunities and challenges of employing second-hand systems, especially in developing countries.
Indian electric rickshaw market could hit US$1.4 billion by 2025
The electric rickshaw market would grow at 33.3% annually over five years to touch $1,394.2 million by 2025.
