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India’s solar module exports to USA to keep rising till FY 2025

Indian solar module manufacturers will have significant opportunities until July 2024 to sell their products in the USA market. However, their exports to the USA may start stagnating from 2025 and declining from 2027 onwards as the USA develops domestic capacities under its Inflation Reduction Act (IRA), according to a new report by IEEFA and JMK Research.

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Adani Energy Solutions commissions transmission project backing 2.5 GW of renewables

Adani Energy Solutions Ltd (AESL) has commissioned a transmission project in Tamil Nadu for evacuation of up to 2.5 GW of green power produced in the region. This project will provide industrial, commercial, and residential consumers with enhanced access to reliable and clean energy in Tamil Nadu.

Ciel & Terre India completes 10.765 MWp floating solar project at Tata Steel Jamshedpur

Ciel & Terre India has completed a 10.765 MWp floating solar plant for Tata Steel in Jamshedpur, Jharkhand. The project utilizes 19,936 units of ‘made in India’ Hydrelio aiR 1440 floats.

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Tata Power Renewable Energy, Mukand Ltd sign power delivery agreement for 43.75 MW AC solar plant

Tata Power Renewable Energy Ltd (TPREL) will deploy a 43.75 MW AC solar plant for consumption by Mukand Ltd, a Bajaj Group company and a manufacturer of specialty steel long products and heavy machinery in India.

SPDA rebrands to represent entire energy transition spectrum

The Solar Power Developers Association (SPDA) is now Sustainable Projects Developers Association (SPDA), representing solution providers across solar, wind, hybrid, battery energy storage systems, green hydrogen and green ammonia sectors.  

Waaree Renewable Q2 profit surges 124.18% YoY

Waaree Renewable Technologies has reported a revenue of INR 150.06 crore (around $18 million) and a net profit (profit after tax) of INR 18.29 crore for the quarter ending Sept. 30.

Gensol wins 62 MW solar PV project from MAHAGENCO

Gensol Engineering Ltd will install and commission a 62 MW AC grid-interactive solar PV project along with the associated power evacuation system up to the designated substation in Maharashtra. The scope also includes five-year operation and maintenance support. The total project value is INR 302 crore (over $36 million).

Sterling and Wilson Renewable Energy reports spike in EPC orders

Sterling and Wilson Renewable Energy reported that it secured EPC orders worth INR 2,640 crore ($317.21 million) in Q2 FY 2024. This is around 467% up from order inflows in Q1 FY 2024.

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NTPC, Engineers India Ltd sign MoA for green hydrogen and green ammonia

NTPC’s R&D center NETRA and Engineers India Ltd (EIL) will collaborate in carbon capture utilization and storage (CCUS), green hydrogen, and green ammonia.

AmpIn Energy, Jupiter form 1.3 GW solar cell and module manufacturing venture 

AmpIn Energy Transition, a renewable energy developer with 3 GWp of project portfolio, has joined hands with Jupiter International Ltd to set up a 1.3 GW per annum solar cell and module manufacturing facility under the government’s production-linked incentives (PLI) scheme.

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