Emerging trends in the Indian solar power sector
The Indian solar power sector is undergoing a technology-backed transformation at every stage from manufacturing to installation to improve cost and performance efficiency.
IPO-bound Waaree Energies appoints CEO
The Indian solar manufacturer, which has 2 GW of module production capacity, has appointed Vivek Srivastava as chief executive officer. Vivek joins from Reliance BP Mobility Limited, where he served as the senior vice president.
Cleantech Solar secures INR 2 billion from NIIF
The Singapore-headquartered corporate solar provider, which has over 600 MWp of solar portfolio across India and Southeast Asia, shall utilize the debt funding to finance its open access solar projects in India.
All-renewables power system with 76% solar share could halve electricity costs and drive net-zero by 2050
A power system modeling study, jointly carried out by Lappeenranta-Lahti University of Technology (LUT) and Wärtsilä, explores the feasibility of a net-zero-emissions power system in India by 2050. It shows that an all-renewables power system, when paired with flexible generation technologies (thermal balancing power plants and energy storage), can improve the affordability of electricity while ensuring the reliability of system operations.
Emmvee to set up 3 GW solar cell and module factory in Karnataka
Coming up at Dobaspet town in Karnataka, this will be Emmvee’s second solar manufacturing investment in the Indian State after the existing 500 MW module plant.
Consultancy sought for India-funded 100 MW solar plant in Bangladesh
The majority of the finance for the $177 million, Jamuna river project will be provided in the form of soft loans from the Indian government and officials are reportedly already planning a second 100 MW facility with a Chinese firm on nearby land.
Rate of commercial and industrial solar installation fell 34% in the second quarter
India’s commercial and industrial solar segment saw just 332 MW of generation capacity added in the April-to-June period, compared to 501 MW in the first three months of the year, as lockdowns in multiple states slowed installation activity.
Pixon unveils 375-410 Wp half-cut modules with 20.4% efficiency
The Indian solar manufacturer has unveiled mono PERC half-cut-cell modules with output ranging from 375Wp to 410 Wp. The five-busbar modules can be used in all installations including off-grid, residential, commercial and industrial, and utility-scale.
Vector Green raises INR 14 billion for operating solar assets
The Mumbai-based renewable power producer has raised the long-term, non-recourse debt from the Indian Renewable Energy Development Agency Ltd (IREDA). It shall use the amount to finance its operating solar projects in Punjab, Andhra Pradesh, and Telangana.
Delhi Metro to install rooftop solar on depot sheds
Delhi Metro Rail Corporation Ltd (DMRC) has invited bids to set up a cumulative 2 MW of ‘RESCO mode’ rooftop solar capacity on the depot sheds at its various sites. Bidding closes on November 16.
