Reliance completes sale of REC’s polysilicon manufacturing unit
Reliance Industries Ltd (RIL) has completed sale of REC Solar Holdings’ kerf-based polysilicon manufacturing arm, REC Solar Norway, to Elkem ASA. It continues to retain the technology and intellectual property rights of kerf-based polysilicon post sale of REC Solar Norway.
The rise of solar co-ops: Collective action for installation advancement
Ishan Chaturvedi, director and co-founder at Vareyn Solar , talks about harnessing solar power with solar cooperatives in India.
US government reinstates bifacial solar module tariffs
The Office of the President has turned its focus to solar panels, announcing the removal of the bifacial solar panel Section 301 tariff exclusion and addressing issues of stockpiling during trade cases, alongside promoting the nation’s manufacturing base.
SJVN launches tender for 376.60 MWp of solar modules
SJVN Green Energy Ltd is accepting bids for production and supply of solar PV modules with a cumulative capacity of 376.60 MWp. Bidding closes on June 11.
Vikram Solar wins 397.7 MWp module supply order for NTPC’s Khavda project
Vikram Solar will supply bifacial modules with rated output of 540 Wp each to NTPC’s Khavda project in Gujarat. The modules meet the domestic content requirement.
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.
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.
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.
