China

The European Solar Manufacturing Council (ESMC) is urging the European Union to adopt legislation against forced labor in the PV industry, by explicitly calling for measures to prevent solar products produced with forced labor from entering the European market.

India is seeing a large fall in solar panel imports from China as it prioritizes domestic solar manufacturing, finds a study by Ember.

But domestically manufactured solar modules still cost 45-50% more than Chinese products because of import duty on cells and higher cost of domestic manufacturing.

The Chinese manufacturer will ship its 255KTL-HV string inverters for Velan Infra’s 100 MW solar power project in Tamil Nadu.

Sungrow will supply its 1+X modular inverter solution to the 2.2 GW AC solar plant of the NEOM green hydrogen project. The PV plant is being executed by Larsen & Toubro on an EPC basis.

The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.

Helena Li, president of Trina Solar’s global cell and module business, spoke to pv magazine at the recent SNEC trade show in Shanghai about the PV industry’s oversupply challenge. Li said the company is considering opening a factory in Europe and expressed optimism about future cost and price declines.

India has retained its crown as the most attractive market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. 

Indian developer Amp Energy has secured up to $250 million in growth capital from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China’s Asian Infrastructure Investment Bank (AIIB).

Waaree, India’s largest solar module manufacturer with a 12 GW per year production capacity, has placed the order for a 10 GW line with Jinchen.