Tata Power profit soars by 77%
Tata Power recorded a revenue of INR 56,033 crore and a net profit of INR 3,810 crore in FY 2022-23.
Solar module prices remain at 13-week low, spread against M10 cell narrows from January high
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.
Toyota uses Kaneka’s 26.63%-efficient solar cells for electric vehicle
Kaneka said the cells will be utilized in the roof glass of Toyota’s Prius PHEV electric car. It plans to begin full-scale delivery of in-vehicle PV products this year.
Mahindra Susten wins 200 MW in Rajasthan
Mahindra Susten has won 200 MW capacity in Rajasthan Urja Vikas Nigam Ltd’s latest 1 GW solar auction.
Rajasthan awards 1 GW of solar at INR 2.61-2.62/kWh tariff
Rajasthan Urja Vikas Nigam Ltd (RUVNL) has allocated 1 GW of solar capacity in its latest auction. It will sign a 25-year power purchase agreement (PPA) with the winners.
ACME Group, Indraprastha Gas Ltd sign green hydrogen agreement
ACME and Indraprastha Gas Ltd (IGL) have agreed to jointly explore the setting up of hydrogen generation plants, including electrolyzers, to blend green hydrogen in IGL’s natural gas supply.
IB Solar adding 400 MW module capacity
Director Abhinav Mahajan told pv magazine their new 400 MW solar panel production line will become operational by July this year. The facility can produce M10, half-cut, 144-cell modules.
BluSmart raises $42 million to scale EV fleet, megacity operations
BluSmart Mobility secured $37 million in equity and $5 million in venture debt in its latest funding round. It will use the funds to expand its EV fleet capacity to 10,000 over the next one year and penetrate deeper into megacities.
IIT Kanpur, Lohum collaborate on lithium battery testing for safety and sustainability
IIT Kanpur and Lohum will work together to advance lithium-ion battery testing technology and techniques for evaluating battery raw material quality. Lohum will additionally sponsor R&D labs at IIT Kanpur, provide a research fellowship to Ph.D. students, and help IITK commercialize its research outcomes.
Solar Ladder raises INR 11 crore in seed funding
Solar Ladder co-founder Abhishek Pillai told pv magazine they would use the funding to market and increase the sales of their software-as-a-service (SaaS) product to PV installers pan India. The company also plans to expand its customer support team.
