EU launches anti-subsidy investigation against Longi, Shanghai Electric
The European authorities are trying to determine whether two consortia – including subsidiaries of Longi and Shanghai Electric – violated the new EU rules on foreign subsidies when they participated in a procurement process in Romania for a 110 MW solar farm. The European Commission is expected to make a final decision within 110 working days.
JSW Energy to raise INR 5,000 crore via QIP
The floor price for the qualified institutional placement is set at INR 510.09 per equity share.
Grew Energy appoints Hardip Singh as chief operations officer
Grew Energy has appointed Hardip Singh as the chief operations officer to steer the growth of its solar module business.
India is seeing record demand for rooftop solar systems
India is seeing record demand for rooftop solar both from residential and industrial consumers. While the recently announced Pradhan Mantri Suryodaya Yojana (PMSY) Scheme is driving adoption among residential consumers, industries seek to add clean energy to meet climate goals amid falling panel prices.
AMPIN Energy Transition secures EUR 25 million from Austrian bank
AMPIN Energy Transition has secured long-term financing of EUR 25 million to support the growth of its renewable energy portfolio and establish a solar cell and module production facility in India.
Panasonic Energy, IndianOil to form lithium battery JV
Panasonic Energy and IndianOil have started discussing the framework for the formation of joint venture to manufacture cylindrical lithium-ion batteries in India. The JV will cater to the battery demand for two- and three-wheel vehicles and energy storage systems in the Indian market.
Weekend Read: Solar giants enter the storage market
Energy storage is the new solar for an increasing number of Chinese PV manufacturers. However, China still requires enabling policies for storage to provide the end-market volumes needed to bolster the fortunes of manufacturers old and new.
Solar module prices remain steady amid unchanged market fundamentals
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Husk Power secures $20 million in debt financing from European Investment Bank
Husk Power will use the fund for the construction of community solar minigrids in Nigeria, installation of rooftop solar for commercial & industrial (C&I) customers, expansion of appliance sales to households and small businesses, and the scaling of value-added services such as agro-processing and e-mobility.
IRENA says global solar capacity rose by 345.5 GW in 2023
The International Renewable Energy Agency (IRENA) says developers installed 345.5 GW of solar throughout the world in 2023. China mainly drove the surge, accounting for nearly three-quarters of all new renewable energy, but IRENA says more equitable growth will be needed to hit 2030 deployment targets.
