Competition, oversupply to reduce n-type solar module prices
Global solar demand will continue to grow in 2024, with module demand likely to reach 492 GW to 538 GW. Amy Fang, a senior analyst at InfoLink, looks at module demand and supply chain inventories in a market still affected by oversupply.
NTPC tenders 225 MW solar, NHPC 200 MW in Gujarat
NTPC Renewable Energy Ltd has invited bids to install and commission 225 MW of grid-connected solar PV projects in Khavda, Gujarat. NHPC has tendered the EPC contract for a 200 MW grid-connected PV power project in Khavda.
Sineng Electric supplies inverters for 641 MW solar project in Gujarat
Sineng supplied 2,887 units of its 275 kW string inverters (SP-275K-INH) for a 641 MW solar project at the 30 GW Khavda Solar Park in Gujarat. The solar project is developed and owned by Adani.
Aerem acquires Spinkraft
Aerem Solutions, a solar fintech company in India, has entered into a definitive agreement to acquire solar equipment distributor Spinkraft Ventures.
Onix Renewable wins 187 MW of solar projects under PM Kusum Yojana
Onix Renewable arm Onix Trans Stellar will build 187 MW of solar projects under Component C of PM KUSUM Scheme. It will execute these projects across 60 different locations in Gujarat.
Oriano secures EPC order for 75 MWp solar power plant
Oriano Clean Energy has received the engineering, procurement and construction (EPC) contract for a 50 MW AC/ 75 MWp solar power plant. The plant commissioning period is seven months.
U.S. scientists demonstrate 25%-efficient perovskite-cadmium tandem solar cell
The researchers say the cell has a top perovskite cell with a transparent back contact made of indium zinc oxide and a commercially established cadmium telluride bottom device. They claim the champion tandem cell has the potential to reach a 30% efficiency.
World’s largest compressed air energy storage project comes online in China
Zhongchu Guoneng Technology Co., Ltd. (ZCGN) has switched on the world’s largest compressed air energy storage project in China. The $207.8 million energy storage power station has a capacity of 300 MW/1,800 MWh and uses an underground salt cave.
Solar wafer prices decline, sparking concerns over producer survival prospects
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.
Reliance completes sale of REC’s polysilicon manufacturing unit
Reliance Industries Ltd (RIL) has completed sale of REC Solar Holdings’ kerf-based polysilicon manufacturing arm, REC Solar Norway, to Elkem ASA. It continues to retain the technology and intellectual property rights of kerf-based polysilicon post sale of REC Solar Norway.
