China’s solar dominance set to continue amid price slide
With solar module oversupply triggering a price freefall in 2023 and no recovery in sight, market consolidation, inventory pile-up, technology shifts, and challenges to reshoring PV manufacturing are set to affect all levels of the solar supply chain.
Fraunhofer ISE unveils rotary printing technique for heterojunction solar cell metallization
Researchers at the German research institute have found that indirect gravure printing for metallization of silicon heterojunction solar cells reduces silver consumption and cycle times to below 0.5 seconds per cell, while still enabling conversion efficiencies of up to 20.7%.
Maharashtra extends bidding for 5 GW of solar
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has extended the bidding to set up 5 GW of solar power projects anywhere in India for power supply to MSEDCL under a 25-year PPA. The revised bidding deadline is June 18.
Bangladesh seeking consultants for 100 MW solar plant
The Bangladeshi government has issued a call for consultants to conduct a feasibility study, initial environmental examination, and environmental and social impact assessment for a 100 MW solar plant. The consultants will also be expected to survey the transmission line route for connection to the nearest grid substation.
GP Eco Solar looks to raise INR 30-35 crore in IPO
GP Eco Solar will use the funds raised through the initial public offering (IPO) on NSE Emerge to fuel its growth in the solar sector. It will allocate around INR 12.45 crore for working capital and expansion, and invest INR 7.6 crore in subsidiary Invergy India for a new solar inverter assembly facility in Noida.
Enfinity Global secures $135 million for 1.2 GW of solar, wind power plants in India
US-based Enfinity Global has secured $135 million in long-term financing to advance the development of its 1.2 GW of solar and wind projects in India. The financing is being provided by Canada Pension Plan Investment Board
IEX reports 26.4% rise in renewable energy certificate trading
The Indian Energy Exchange (IEX) traded 75.39 lac renewable energy certificates (RECs) in FY 2024, equivalent to 7.54 billion units, registering a 26.4% increase year-on-year.
Adani Energy Solutions completes acquisition of Essar’s operational Mahan-Sipat transmission assets
Adani Energy Solutions Ltd (AESL) has acquired Essar’s operational Mahan-Sipat transmission assets for an enterprise value of INR 1,900 crore. This acquisition will add 673 ckt km, 400 kV inter-state transmission line, taking AESL’s cumulative network to more than 21,000 ckt km.
Climate-tech investment: Sustainable growth or looming bubble?
While the first quarter of 2024 has shown a significant and potentially transformative rise in climate-tech funding, the sustainability of this growth remains uncertain.
China switches on first large-scale sodium-ion battery
China Southern Power Grid has deployed a 10 MWh sodium-ion battery in China’s Guangxi Zhuang region. It is the first phase of a 100 MWh project.
