U.S. CHIPS Act makes solar manufacturing eligible for significant tax credits
Upstream solar manufacturing will be supported by the Investment Tax Credit, based on final rules released by the Department of the Treasury.
Rajesh Power Services plans to raise around INR 150-160 crore through IPO
The Gujarat-based EPC service provider for the power sector intends to utilise part of the net proceeds for in-house development of technical expertise in the production of green hydrogen and associated equipment such as electrolysers.
India added 12.8 GW of solar capacity in H1 2024, says Mercom
India installed 12.8 GW of new solar capacity in the Jan-June period of 2024. This included 11.7 GW from large-scale solar projects (including 3.7 GW of off-site C&I projects) and more than 1.1 GW rooftop PV.
K.P. Energy to build 1 GW of solar, hybrid projects
K.P. Energy will install and commission 728.7 of wind-solar hybrid and 275 MW of solar projects.
Rajasthan, Gujarat need policy interventions to sustain leadership in renewable energy deployment: IEEFA
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
Module power output distortion on rise
A study by German research institute Fraunhofer ISE has revealed a troubling trend. Data shows that modules are increasingly attributed higher power ratings than they actually have. Though the percentages are incremental, it all
adds up.
Solar manufacturing facing substantial pressures, says IEA-PVPS
The International Energy Agency (IEA) Photovoltaic Power Systems Programme (PVPS) says in its latest report that 2023 was a record-breaking but tumultuous year for solar development. It says the manufacturing industry faces pressure from supply-demand imbalances, with overcapacity causing prices to collapse.
India re-elected as president of International Solar Alliance
The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.
First Solar warns global solar manufacturers of patent infringement
The U.S. solar panel manufacturer has sent letters to Longi, Trina Solar, Jinko Solar, JA Solar and Canadian Solar saying it believes the companies are infringing on its patents.
ACME Solar IPO to open on Wednesday
Acme Solar Holdings has fixed the price band for its public issue at INR 275 to INR 289 per equity share.
