Having acted against Turkey, the Trump administration has removed India too from the list of nations exempt from import tariffs on solar cells and modules.
While the world’s biggest solar manufacturers are confident there are plenty of alternative markets for a rising volume of panel exports, the message spelled out by first-quarter shipment figures is that protectionism works.
With Leclanché due to open a module and battery pack assembly line in Gujarat alongside JV partner Exide Industries by the end of next month, the Swiss storage solutions company has been active nearer its home market.
A unit of Piramal Group will be investment and project manager for the fund, prompting speculation cash will be spent on assets developed by Mytrah Energy.
The Department of Science & Technology (DST), Government of India, and Swedish Governmental Agency for Innovation Systems (Vinnova) have created funding mechanisms through which companies may seek support for joint R&D projects. The projects should aim to develop renewable, energy storage and waste management technologies that can be commercialized over two years through joint cooperation between India and Sweden.
Pune-based Electronica Finance Limited (EFL) has raised $10 million from a climate fund managed by Swiss impact investor responsAbility to diversify its SME lending offering and to expand into financing solar PV for the commercial and industrial markets.
The result was certified by the solar cells laboratory at the calibration and test center of Germany’s Institute for Solar Energy Research. Imec’s measurements showed cell bifaciality surpassed 80%.
Power provider Stadtwerke Waldkirch has built a 264 kW PV system in Germany with Sunman’s glass-free modules, as a titanium rooftop at the project site made it impossible to use conventional modules.
The revenues of Switzerland-based Leclanché have increased more than 2.5 times to exceed CHF 47 million in 2018 compared to CHF 18 million in 2017.
The German powerhouse – which makes central inverters for PV projects in India – wants to complete the acquisition by July. Indian employees will be hoping target company Kaco’s disposal of its central inverter operation last month will avert job losses by removing any potential overlap between the manufacturers.
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