AMPIN Energy Transition secures EUR 25 million from Austrian bank
AMPIN Energy Transition has secured long-term financing of EUR 25 million to support the growth of its renewable energy portfolio and establish a solar cell and module production facility in India.
Alpex Solar to set up panel factory in Mathura
Alpex Solar Ltd has been allotted land to set up a solar panel manufacturing facility in the Mathura district of Uttar Pradesh.
Tata Power arm switches on 200 MW solar project in Rajasthan
The 200 MW solar project will be integrated into the central transmission utility bus to ensure the distribution of clean energy across the region.
India expected to install more than 20 GW of solar this year: JMK Research
India’s annual solar installations in 2024 will surpass 20 GW, with 15.9 GW of capacity likely to be added in the utility-scale segment and 4.2 GW on rooftops, says a new report by JMK Research.
Panasonic Energy, IndianOil to form lithium battery JV
Panasonic Energy and IndianOil have started discussing the framework for the formation of joint venture to manufacture cylindrical lithium-ion batteries in India. The JV will cater to the battery demand for two- and three-wheel vehicles and energy storage systems in the Indian market.
US solar industry calls for domestic content rules to support manufacturing
A recent report from the Solar Energy Manufacturers for America Coalition (SEMA) shows that with stronger support in the early stages, US module manufacturers would rely less on imports from Chinese-owned companies for materials.
Husk Power secures $20 million in debt financing from European Investment Bank
Husk Power will use the fund for the construction of community solar minigrids in Nigeria, installation of rooftop solar for commercial & industrial (C&I) customers, expansion of appliance sales to households and small businesses, and the scaling of value-added services such as agro-processing and e-mobility.
IRENA says global solar capacity rose by 345.5 GW in 2023
The International Renewable Energy Agency (IRENA) says developers installed 345.5 GW of solar throughout the world in 2023. China mainly drove the surge, accounting for nearly three-quarters of all new renewable energy, but IRENA says more equitable growth will be needed to hit 2030 deployment targets.
India added 20.8 GW of solar module, 3.2 GW of cell manufacturing capacity in 2023, says Mercom
India’s cumulative solar module manufacturing capacity reached 64.5 GW and solar cell capacity 5.8 GW as of December 31, 2023.
Luminous opens solar panel factory in Rudrapur
The fully automated solar panel plant with a production capacity of 250 MW is expandable up to 1 GW nameplate capacity.
