Germany’s solar market faces price wars, consolidation
A series of inquiries to residential PV installers has revealed a tough consolidation phase in Germany’s solar installation market. With an increasing number of installers offering solar arrays at very low prices, competition is intensifying as companies vie for fewer orders.
Gensol Engineering wins bid for 150 MWp of solar projects in Gujarat
Gensol Engineering Ltd has emerged as winning bidder for engineering, procurement, and construction of 116 MW (150 MWp) of solar projects in Gujarat. It will install these projects for feeder-level solarization.
Ramaphosa reveals 22,500 MW renewables pipeline in South Africa
South African President Cyril Ramaphosa, in his first speech since forming a coalition government in May, said the nation is experiencing a “renewable energy revolution,” with upcoming projects expected to attract around ZAR 400 billion ($21.9 million) in private investment.
Solar power on the rise: A buying spree fuelled by innovation and price wars
While companies grapple with razor-thin margins, these price wars are accelerating the adoption of solar power globally.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured INR 436 crore ($52.85 million) debt finance from State Bank of India to advance its 120 MW solar project in Gujarat.
The Hydrogen Stream: Rolls-Royce, TCS collaborate on hydrogen research programme
Tata Consultancy Services (TCS) has expanded its partnership with Rolls-Royce to research hydrogen fuel system technology for enabling use of hydrogen in aviation.
JSW Energy secures LoAs for 500 MW solar plus storage, 300 MW solar projects
JSW Neo Energy, an arm of JSW Energy, has received a letter of award from Solar Energy Corp. of India Ltd for setting up a 500 MW solar power project along with 250 MW/500 MWh of energy storage systems. It has also secured a 300 MW solar power project from Karnataka Renewable Energy Development Ltd.
Tesla lands 15.3 GWh Megapack supply contract
Tesla has received a giant order from U.S. developer Intersect Power, equating to around 165% of the total battery energy storage systems it deployed in Q2 2024, which saw the highest quarterly deployment in the company’s history to date.
First Solar probes potential infringement of TOPCon patents
First Solar says it is evaluating potential infringement of its patents for its tunnel oxide passivated contact (TOPCon) tech, secured through the acquisition of TetraSun in 2013. The US thin-film solar module manufacturer has not named the companies involved or given a timeline for the investigation.
