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Each region has a different way of doing things, whether it’s selecting sites, managing employees, or implementing manufacturing standards. Companies looking to expand into foreign markets need to be prepared to deal with these cultural differences, says Clean Energy Associates (CEA) Vice President Mark Hagedorn.

At Intersolar in Munich, pv magazine spoke with Jenny Chase, solar analyst at BloombergNEF, about the incredibly low polysilicon prices, massive overcapacity, and increasing consolidation. According to Chase, this year there will be enough polysilicon capacity to produce 1.1 TW of solar modules, but global module demand is expected to reach around 585 GW. “That is a pretty huge delta,” she said, noting that the solar industry should also prepare for a series of “negative feedback mechanisms,” such as negative prices and excess of solar power.

Cleantech Solar has announced the financial close of a long-term debt finance amounting to INR 855 crore ($102.49 million) from Aseem Infrastructure Finance Ltd.

As part of our Intersolar 2024 interview series, pv magazine spoke with Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie, about overcapacity, declining panel prices and expected PV demand for the next years. She revealed that Chinese module procurement schemes are currently seeing unprecedented, “ridiculously” low bids, but she also noted that the $0.08/W threshold may now be difficult to exceed. Hryshko also expects many manufacturers to backpedal on previously announced capacity expansion plans and renegotiate module supply contracts.

JSW Neo Energy, an arm of JSW Energy, has secured a 300 MW interstate transmission system (ISTS) connected wind-solar hybrid power project from Solar Energy Corp. of India Ltd.

Until now, balcony inverters were mostly simple micro inverters, with batteries integrated via MC4 connectors. A hybrid inverter should improve this situation.

SunSource Energy has switched on three solar power plants with a combined capacity of 45 MWp in Uttar Pradesh. Power purchase agreements (PPAs) for the entire 45 MWDC capacity have been signed with clients across industry verticals.

The hydrogen economy in India is expected to undergo vast development in the coming years owing to government support and industry funding.

Kalpataru Projects International Ltd (KPIL) has secured orders in the transmission & distribution (T&D) business in India and overseas markets, in addition to EPC order for an industrial plant in the metal industry and residential building order in India.

NTPC has invited bids for green hydrogen fuel cell locomotives for operation at the merry-go-round rail system of NTPC Sipat.