Sunnova subsidiary files for bankruptcy protection
The residential solar company has been in a downturn for more than a year, with earnings misses, layoffs, changes in leadership and cancellation of a $3 billion loan guarantee.
Vikram Solar gets SEBI nod for IPO
Vikram Solar plans to use the net proceeds to partly fund the establishment of an integrated 3 GW solar cell and module manufacturing facility in the Tirunelveli district of Tamil Nadu, and to expand the solar module capacity at the same site from 3 GW to 6 GW. A portion of the funds will also be allocated for general corporate purposes.
Tariffs could drive US solar, storage costs up 50%
A recent Wood Mackenzie report examines two possible tariff scenarios and concludes that costs will skyrocket for both utility-scale solar development and battery energy storage systems.
The hydrogen stream: Honeywell, NTPC Green join hands for production of sustainable aviation fuel
The collaboration will leverage Honeywell’s eFining technology to produce sustainable aviation fuel from carbon dioxide (CO2) feedstock captured from NTPC’s power plants and green hydrogen.
China module prices steady amid bearish outlook
In a new weekly update for pv magazine, OPIS, a Dow Jones company, reports that TOPCon modules from China held steady at $0.083/W. Meanwhile, the spot price for U.S. TOPcon modules over 600 W was assessed this week at $0.263/W.
SAEL secures $132 million for 300 MW solar project in Andhra Pradesh
SAEL has secured $132 million in debt financing for the development of a 300 MW solar power project in Andhra Pradesh. The funding was secured from Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale with each committing $44 million to the project.
“Time is of the essence” to safe harbor solar components to secure U.S. tax credits
Projects can maintain tax credit eligibility if 5% of total capital expenditure is incurred before legislative changes take effect.
India’s power demand to grow 6.0-6.5% over next five years, driven by EVs, data centres and green hydrogen: ICRA
Electric vehicles, data centres and green hydrogen are expected to contribute to 20-25% of the incremental power demand over the next five-year period from FY2026 to FY2030.
Meyer Burger lays off 283 solar production workers in Arizona
The Swiss company began manufacturing heterojunction modules in the United States nearly one year ago, but ran into trouble less than six months later after a large purchase agreement was terminated.
US solar group urges trade panel to avert duty-free import surge
A letter from the American Alliance for Solar Manufacturing says the US Trade Commission must act quickly to ensure tariff rulings are in place before a temporary gap creates an opportunity for solar components to be imported duty-free.
