Leading RE companies’ receivables period to shrink 20% this fiscal
State-owned electricity distribution companies implementing the Late Payment Surcharge (LPS) scheme may clear dues worth INR 2,000 crore (around $250 million) this fiscal, supporting renewable energy generators to build capacity for growth and reduce leverage.
Solinteg launches new residential hybrid inverter series
Solinteg’s new hybrid inverters come in seven versions with nominal power ranging from 3 kW to 9 kW, an efficiency rating of 97.6%, and a European efficiency of 97.0%. They measure 534 mm × 418 mm × 210 mm and weigh 27 kg.
Sharp unveils black-framed 410 W half-cut solar panels
Sharp’s newest PV modules feature white backsheets and are made for the needs of design-oriented customers.
SECI tenders 2.25 GW of round-the-clock power from renewable hybrids
Prospective developers in Solar Energy Corp. of India’s latest tender will set up renewable energy projects to supply round-the-clock power. The projects can be located anywhere in India. Bidding closes on Oct. 10.
GaoRun hires former Wuxi Lead executive
GaoRun, a China-based supplier of automated solar module production equipment, has appointed Hitesh Tungal as the vice president of its global business, effective from Sept. 1. The company has also decided to open an office in India.
Reliance Industries to acquire majority stake in SenseHawk
Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle. The startup has globally deployed its software at more than 600 sites.
Sembcorp to sell Indian unit
Singapore-headquartered Sembcorp Industries (Sembcorp) has signed an agreement to sell Sembcorp Energy India to Tanweer Infrastructure for $2.1 billion. It said the proposed sale will accelerate the transformation of its portfolio from brown to green.
Zinc8 to manufacture its first zinc-air batteries in US market
Canadian battery developer Zinc8 Energy Solutions has announced plans to begin battery production in the United States, incentivized by manufacturing production credits in the US Inflation Reduction Act.
Bringing solar tracker prices down is ‘top priority’ – Arctech India chief
Gail Chen, CEO of Arctech’s joint venture manufacturing base in India, says the company is committed to bringing solar tracker prices down for customers and enabling a lower cost of electricity in the country.
KPI Green ventures into wind-solar project development
Gujarat-based KPI Green Energy is developing a 16.10 MW wind-solar hybrid power plant in Gujarat. It expects the project to go online in March 2023.
