Solar industry grapples with oversupply and uncertainty
The solar industry stands at a critical juncture. Oversupply, regulatory hurdles, and technological advancements are all reshaping the landscape. Manufacturers must adapt swiftly, balancing production with demand while navigating the complexities of global trade.
South Africa imposes 10% import tariff on solar panels
The International Trade Administration Commission of South Africa (ITAC) has imposed a 10% import tariff on solar panels to protect local manufacturers, attract investment, and deepen the value chain. The South African Photovoltaic Industry Association has questioned the lack of formal industry engagement, calling the timing “not ideal.”
ICRA upgrades Tata Power to AA+ with Stable outlook
The ratings upgrade takes into account Tata Power’s healthy operating and financial performance driven by the diversified business profile, superior operating efficiencies, and long-term offtake agreements for the generating portfolio.
BluPine Energy completes utility-scale renewable energy technician training program in Gujarat
The state-of-the-art skill development centres established by BluPine Energy trained students in the installation and operation of utility-scale renewable energy projects free of cost.
ACME Solar files draft papers for INR 3,000 crore IPO
ACME Solar Holdings is one of India’s largest private-sector renewable power producers. It ranks among the top 10 renewable energy players in India in terms of operational capacity.
PV market eyes recovery amid falling module prices
Martin Schachinger, founder of pvXchange.com, says that solar module prices are falling across the board, while batteries and inverters are hitting historically low prices due to market oversupply.
Google invests in Taiwanese solar developer New Green Power
Google has made a capital investment in Taiwan-based New Green Power, in a deal that grants the US company the rights to procure up to 300 MW of solar assets.
Schneider Electric inaugurates climate smart villages in Jharkhand
Schneider Electric, in collaboration with non-governmental organization PRADAN, implemented 40 kW and 45 kW solar arrays with Internet of Things (IoT)-enabled smart power management systems in Sehal and Chatti villages of Jharkhand. This system ensures 100% capacity utilization of the solar panels by diverting power to different loads based on demand, benefitting the 110 families in the two villages.
NTPC board approves raising of INR 12,000 crore via bonds, NCDs
NTPC’s board of directors has approved a proposal to raise up to INR 12,000 crore ($1,438.23 million) through the issuance of bonds and non-convertible debentures (NCDs).
World Bank approves additional $1.5 billion to support India’s green hydrogen, renewable energy push
The World Bank has approved an additional $1.5 billion loan to help promote the development of green hydrogen market and scale up renewable energy penetration in India.
