Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020
SolarEdge Technologies Incorporated (SolarEdge), an Israel-based solar solutions provider, registered a revenue of $431.2 million (~₹32.41 billion) in the quarter ending March 31, 2020, a 59% increase from $271.9 million ...
Karnataka Mulls Removal of Banking Facility for Grid-Connected Renewable Projects
The Government of Karnataka has held a meeting to discuss the banking and wheeling charges for grid-connected renewable projects in the state. In the meeting, the government decided that for ...
Deadline Extended for Evaluation Study of Components A and C of KUSUM Program
The Ministry of New and Renewable Energy (MNRE) has extended the deadline for submitting expressions of interest (EOI) for evaluating Components A and C of the Pradhan Mantri Kisan Urja ...
Bidding Deadline for Balance of System Package for Nokh Solar Project Extended Again
NTPC has once again extended the deadline for the submission of bids to June 02, 2020, for the balance of system (BOS) package for the 735 (3×245) MW Nokh solar ...
Improving Rural Healthcare Amid COVID-19 Crisis by Installing Solar on Clinics
Amid the Coronavirus (COVID-19) crisis, nearly 20 leaders from research groups, think tanks, renewable energy companies, and health care services, have demanded to solarize all unelectrified healthcare sub-centers in rural ...
Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020
Adani Green Energy Limited (AGEL), the green energy wing of the Adani Group, announced that its revenue rose 24% to ₹25.49 billion (~$339.8 million) in the financial year (FY) 2020, ...
Solar and Non-Solar REC Trading Plummets in April
Due to the lockdown caused by the coronavirus (COVID-19) pandemic, there was a significant decrease in the trade volume of both solar and non-solar renewable energy certificates (RECs) in April ...
International Solar Alliance Aims to Develop 20 GW of Solar Parks
The Union Power Minister and the President of International Solar Alliance (ISA), R.K. Singh, announced the launch of eight new and innovative initiatives at a meeting of the members of ...
Deadline Extended for the Review Investigation of Continued Solar Safeguard Duty
The Directorate General of Trade Remedies (DGTR) has announced an extension for filing responses to the questionnaire regarding the review investigation for the continued imposition of safeguard duty on solar ...
Solar Inverter Supplier Sungrow Reports 25.4% Rise in Revenue in 2019
Sungrow, a China-based solar inverter manufacturer, has reported that its revenue increase by 25.4% to $1.864 billion (~₹140.43 billion) in the fiscal year 2019, up from $1.572 billion (~₹118.44 billion) ...
Chhattisgarh Approves Power Sale Agreement for 400 MW Solar-Wind Hybrid Power
The Chhattisgarh State Electricity Regulatory Commission (CSERC) has approved the power sale agreement (PSA) signed between the Chhattisgarh State Power Distribution Co.Ltd (CSPDCL) and Solar Energy Corporation of India Ltd ...
Vietnam Set to Make Aquaculture Farming Sustainable with Solar Energy
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the German research institute, Fraunhofer Institute for Solar Energy Systems (ISE), have signed an agreement together with other partners from the private ...
CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020
The Central Electricity Regulatory Commission (CERC) has passed an order extending the validity of renewable energy certificates (RECs) to avoid demand-supply imbalances in the REC market. It extended the validity ...
The Third Phase of Off-Grid Solar Program Extended to March 31, 2021
The Ministry of New and Renewable Energy (MNRE) has extended the third phase of the off-grid and decentralized solar PV applications program until March 31, 2021. The extension follows the ...
Indu Shekhar Chaturvedi Takes Over as the New Secretary of MNRE
In a recent shuffle of top bureaucrats of India, the central government has appointed Indu Shekhar Chaturvedi as the new secretary of the Ministry of New and Renewable Energy (MNRE) ...
Kerala Defers Execution of Generation-Based Incentives for Off-Grid Captive Solar
The Kerala State Electricity Regulatory Commission (KSERC) has directed Kerala State Electricity Board Limited (KSEB) to submit a detailed proposal on providing a generation-based incentive (GBI) for off-grid captive solar ...
LONGi Solar Posts 50.6% YoY Revenue Growth in Q1 2020
Chinese module supplier, LONGi Solar, has released its financial results for the year 2019 and Q1 2020. In 2019, the company’s revenue from operations increased by 49.62% annually to reach ¥32.89 ...
MNRE Directs All Stakeholders to Comply with the ALMM Order for Solar Cells and Modules
The Ministry of New and Renewable Energy (MNRE) has reiterated that all stakeholders, including solar photovoltaic (PV) cells and module manufacturers, renewable developers, procurers, and implementing agencies, should align their ...
COVID-19 Impact: Solar Module Manufacturer SunPower Halts Production Temporarily
Companies across the globe are trying hard to tackle the unprecedented economic crisis caused by the ongoing coronavirus pandemic. In one such case, a U.S. solar panel maker, SunPower Corp, ...
Renewable Industry Attracts $1.27 Billion in FDI During Nine Months of FY 2019-20
Foreign direct investments (FDI) in India’s renewable sector stood at $1.27 billion (~₹96.96 billion) for the first nine months of the financial year (FY) 2019-20. The sector received $1.45 billion ...
US Revokes Exemptions on Bifacial Solar Panels for the Second Time
The Office of the United States Trade Representative (USTR) has withdrawn the exclusion of bifacial solar panels from safeguard measures, applicable on imported panels. The revocation will be effective, starting ...
Treat Solar Power Project Contracts as Sacrosanct: MNRE Tells Haryana Government
The Ministry of New and Renewable Energy (MNRE) has directed the state government of Haryana to honor all the allocations made to the solar power projects and solar parks and ...
To Ensure Liquidity During COVID-19 Lockdown, RBI Reduces Reverse Repo Rate to 3.75%
As the country fights against the Coronavirus (COVID-19) outbreak by staying home, the Reserve Bank of India (RBI) has announced the second round of monetary measures to help boost the ...
Implications of the Coronavirus Outbreak on the Indian Solar Industry and Outlook
There is a lot of uncertainty around the implications of the Coronavirus pandemic on the Indian solar industry with new announcements and orders coming out every day. The outlook is ...
AleaSoft Collaborates with India’s PGCIL to Provide Solar, Wind Power Demand Forecasts
AleaSoft, an energy forecasting solutions company, announced that it has collaborated with the Power Grid Corporation of India Limited (PGCIL) as a provider of solar and wind energy forecasting. The ...
