Asia

The U.S.-based manufacturer is planning a vertically integrated thin-film solar module manufacturing facility in India. The factory will likely be built in Tamil Nadu and become operational in the second half of 2023.

With this power purchase agreement, ABC Renewable, a joint venture between Canadian asset manager Brookfield and clean energy firm Axis Energy Ventures India, has enhanced its RE portfolio to 1,080 MW comprising solar and solar-wind hybrid projects.

The equity investment is expected to see Federal Bank increase the financing for green projects including energy efficiency, renewable energy, climate-smart agriculture, green buildings, and waste management.

The Indian manufacturer has opened a new facility in Telangana with an annual cell and module production capacity of 750 MW.

A new report says solar-plus-energy storage will become an attractive investment option for commercial consumers in India as early as 2023 for electricity bill reduction. For high-tariff paying residential consumers, the system will reach grid parity post-2027. The report findings are based on the levelized cost analysis of solar-plus-energy storage systems for consumers in the Indian State of Tamil Nadu.  

The Indian solar manufacturer has released the Helia series of high-efficiency mono PERC PV panels. Ranging from 450W to 600W outputs, the multi-busbar modules are designed for use in residential, commercial and utility-scale installations.

The captive solar plant will quadruple Mahindra & Mahindra’s renewable energy share from 12% to 56% in Maharashtra. It shall be developed by ReNew Power arm on a build-own-operate basis. 

According to a new report, India’s commercial and industrial sector will increase its rooftop solar deployments by 47% year-on-year, with bifacials and large-size high-wattage modules offering cost-effective support for reducing electricity costs.

The government provides subsidy support under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme and reduced taxation rates to promote EV uptake in India. Purchase of 3,61,000 EVs with incentives cumulating to about INR 600 crore has been supported to date under the FAME Scheme.

Potential price rises of 14% for the solar home systems that are driving access to electricity in the world’s under-served regions could signal further arrested progress towards the UN goal of universal access by 2030.