Markets & Policy

Jakson Green will expand its solar module manufacturing capacity to 2 GW, with backward integration into cells, by the end of 2024, CEO and Managing Director Bikesh Ogra told pv magazine on Day 1 of Renewable Energy India Expo 2022. He said the company also has aggressive plans for green hydrogen and ammonia, with a specific focus on distributed generation.

A new report by Power For All says the commercial and industrial (C&I) sector will be a significant driver of job growth in the Indian distributed renewable energy sector in the next few years. 

The giants of the Chinese PV industry are now integrated along both ends of the supply chain, amid expectations for strong demand and price volatility. Module makers are adding polysilicon capacity, while poly and wafer producers are making module production a part of their business. But do companies still face the same risks that have brought down vertically integrated solar giants in the past? Vincent Shaw reports from Shanghai.

The new energy arm of Reliance Industries has signed the agreement to acquire a 20% stake in California-based perovskite solar startup Caelux for $12 million. The investment will accelerate Caelux’ product development and commercialization.

A new report says Tamil Nadu could lower carbon emissions by over 36 million tonnes if 5-10% of all two-, three- and four-wheeler vehicle sales in the state during 2022-30 are converted to electric. 

The investment will support Hero Future Energies in expanding its renewable energy capacity and capabilities across the solar, wind, battery storage, and green hydrogen technologies.

The Indian solar manufacturer will supply 350 MW of PV modules for a project located in the state of Arizona in the United States.

Almost half of the workers were employed in China, around 280,000 in North America, over 260,000 in Europe, and some 50,000 in Africa, according to a new report by the International Energy Agency (IEA). The vast majority of workers were employed in manufacturing and installation of new capacity, with solar jobs paying lower wage premiums than the nuclear, oil, and gas industries.

The solar equipment manufacturer and power producer announced this week its board of directors had approved the scheme for the merger of Sangam Rooftop Solar, Waaree PV Technologies, and Waasang Solar with the company.

Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.