Reliance Industries unveils $10-billion plan for solar and energy storage
The diversified business group will invest over INR 60,000 crore ((US$ 8.1 billion) over the next three years to build Giga factories for solar, energy storage, electrolyzers, and fuel cells, respectively, to create a fully integrated, end-to-end renewables energy ecosystem. Additional INR 15,000 crore (US$ 2 billion) is planned to create a value chain, partnerships, and future technologies.
China’s Jinchen holds 10 GW of solar production line orders from India
Jinchen Machinery has landed module production equipment orders from leading Indian solar manufacturers. It has already installed 2 GW of production lines and plans to supply the balance within three months. The company will open an India office in Surat, Gujarat.
Goldi Solar to expand manufacturing capacity to 2.5 GW with new facility
The Indian solar panel manufacturer is setting up a 2 GW facility in Surat, increasing its total manufacturing capacity from 500 MW at present to 2.5 GW. The new facility will implement micro-gap module technology (MGMT), and produce high-efficiency mono-facial and bifacial modules with peak power output exceeding 500W and 600W, respectively.
Solex orders 1.2 GW solar module production line
The Gujarat-based solar panel maker will buy the production equipment from China’s Jinchen Machinery. Solex also has plans for a 1 GW cell line.
Tata Power secures 210 MW solar EPC work in the Indian State of Gujarat
The latest addition has swelled Tata Power Solar’s pipeline to around 2.8 GW projects with an approximate value of INR 13,000 crore (US$ 1783 million).
Adani Green transfers stake in solar manufacturing arm to Adani Enterprises
Adani Enterprises, which already controls Mundra Solar PV, has acquired a 74% stake in PV cells and modules manufacturing business Mundra Solar Energy through its subsidiary. The move will bring synergy in the company’s solar manufacturing operations and solidify its position in this space.
ReNew Power to set up 2 GW mono PERC solar factory in Gujarat
The vertically integrated factory, located in the Dholera Special Industrial Region, will produce 2 GW of mono PERC solar cells and modules annually. Production is expected to start from the next fiscal year.
Solar glass maker Borosil Renewables bags national award
The government of India has recognized the manufacturer for the development and commercialization of 2mm thick fully-tempered solar glass, Selene anti-glare solar glass, and Shakti solar glass in matt-matt finish.
Virescent Infrastructure acquires 76 MW of operating solar assets in India
US investor KKR-backed Virescent Infrastructure has acquired Singapore-based Sindicatum Group’s operating solar assets in three Indian states. The acquired PV projects benefit from long-term power purchase agreements with government counterparties.
Goldi Solar supplies 24+ MW modules to a textile client
The Surat-based solar manufacturer has completed the supply of an aggregate 71,690 quantity of 335Wp polycrystalline solar panels to a textile company LS Mills.
