World Bank approves $1.5 billion to support India’s low-carbon transition
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.
‘Oversupply is a natural challenge to our industry,’ says Trina Solar official
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 remains world’s most attractive solar market
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.
Amp Energy India receives $250 million from SMBC, ICG, and AIIB
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 signs 10 GW module line deal with Jinchen
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.
Jakson signs 600 MW PV production equipment deal with Jinchen
Jakson Group has placed the order for a 600 MW PV production line with Jinchen. The fully automated line will be equipped to produce the latest p-type, n-type, and G-12 solar modules in both mono-facial and bi-facial variants.
SC Solar signs PV production equipment deal with India’s Reliance
SC Solar has secured a $41.78 million PV production equipment supply contract from Reliance New Energy Solar Ltd.
Arctech signs 2.8 GW solar tracker deal in India
The China-based solar tracking and mounting solutions specialist has secured the order to supply 2.8 GW of its SkyLine II single-axis solar trackers for a PV project in the Indian state of Gujarat.
Ernst & Young again ranks India as world’s most attractive solar market
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
India terminates solar cell anti-dumping probe
India’s Directorate General of Trade Remedies, an entity under the Ministry of Commerce and Industry, has terminated an anti-dumping probe into solar cells coming from China, Thailand, and Vietnam as domestic manufacturers withdraw the application.
