Polysilicon price fluctuations expected to continue until late 2023
Two industry experts have provided analyses of the current polysilicon price scenario in a chat with pv magazine and both agreed that polysilicon demand is still growing faster than supply. The price may decrease starting from the second quarter and reach more reasonable levels by the end of the year.
Building a sustainable, vertically integrated solar manufacturing ecosystem in India
A new report by JMK Research and IEEFA says Indian solar manufacturers need to create a strong foundation for sustainable development overall by integrating raw materials and impetus to R&D in their plans, rather than focusing solely on output.
Adani Group to explore hydrogen fuel cell manufacture in India
Adani and Canadian PEM fuel cell producer Ballard Power Systems will examine various co-operation opportunities including fuel cell production.
Hero MotoCorp, BPCL partner for large-scale EV charging infrastructure
Hero MotoCorp has partnered with Bharat Petroleum Corporation Limited (BPCL) to develop the charging infrastructure for two-wheeled electric vehicles (EVs) at BPCL’s existing nationwide energy station network.
Ohmium to sponsor CSIR-CECRI research on advanced materials for electrolyzers
Ohmium has collaborated with India’s CSIR-Central Electrochemical Research Institute as it aims to make green hydrogen not only cost-effective but also scalable to meet the world’s demand. The sponsorship enables it to leverage CSIR-Central Electrochemical Research Institute’s deep expertise and resources for further development of electrolyzer technology.
Azure Power refinances its 600MW Rajasthan solar project at the lowest rate of interest in its portfolio to date
The Indian developer has refinanced its existing term loan of INR 23.50 billion (US$ 313 million) for the 600MW solar project at an interest rate of 7.2% per annum, fixed for 42 months.
IFC to support development of a 600MW solar park in Uttar Pradesh
The solar project-ready site will be developed by state-run hydropower company THDC in a joint venture with the Uttar Pradesh New & Renewable Energy Development Agency. The International Finance Corporation will lend its expertise to attract private investment for the public-private partnership.
Bangladesh Army signs 1GW solar deal for training base
American power company Eleris Energy has agreed to construct five 200MW solar plants on the Swarna Dweep island administered by the army and used for training exercises, with the capacity due online within five years.
IIFL Home Finance signs $68 million loan agreement with ADB
The funding is aimed to boost women’s access to affordable green housing in India. It includes up to $58 million direct loan by the Asian Development Bank and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia.
ICRA expects strong demand outlook for domestic solar manufacturers
As domestic solar manufacturers relying on imported cells remain exposed to price fluctuations, timely commissioning and ramp-up of on-going capex in module manufacturing value chain remains critical in the near to medium term.
