Global solar module prices stable-to-firm as markets wind down for year end
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.
Solarium Green gets BSE nod for SME IPO
Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.
Madhya Pradesh to meet 50% of its power needs through solar energy by 2030: Chief minister Mohan Yadav
Madhya Pradesh chief minister Mohan Yadav also dedicated 880 MW Agar and Neemuch solar projects built at a cost of INR 3,520 crore in Agar-Malwa district.
Waaree starts solar module production at its USA facility
Waaree Solar Americas has started trial production of PV modules at its facility in Texas. The facility is set to fully commission its Phase-1 manufacturing capacity of 1.6 GW in the next few months.
How microgrids with energy storage empower remote communities
Battery energy storage systems significantly improve the reliability of microgrid power supply, offering a dependable source of electricity for critical services like healthcare facilities and schools.
India’s solar PV cell manufacturing capacity to reach 60 GW by FY 2027
India’s solar cell manufacturing capacity will reach 60 GW by FY 2027 from 8 GW as of March 31, 2024. The resultant capacity growth will make India a surplus market, given the annual module requirement of 40-50 GW, necessitating that the domestic players tap the export markets.
Antidumping investigation could more than double cost of U.S. EV battery, energy storage
Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.
Qcells hits 28.6% efficiency with scalable perovskite-silicon solar cell
South Korea-based solar module manufacturer Qcells has set a new efficiency world record for a commercially scalable perovskite-silicon tandem solar cell, produced at its pilot line in Germany.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
ABB to acquire Gamesa’s power electronics, storage business
ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.
