Daily News Wrap-Up: GEDA Floats EoI for Solar-E Waste Material Recovery

May 14, 2025

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The Gujarat Energy Development Agency (GEDA) invited expressions of interest (EoI) for a research study to recover valuable materials from solar and electronic waste (E-waste). The project aims to assess the feasibility of material recovery methods and develop an implementation roadmap to aid Gujarat’s renewable energy and waste management sectors. The scope of work entails the preparation of a detailed feasibility report based on high-level research into thin film technology and silicon recovery from poly/mono-crystalline and tunnel oxide passivated contact cell waste.

Indus Towers invited global EoI to supply renewable energy of a capacity ranging from 30 MW to 100 MW for its telecom sites in Andhra Pradesh, Gujarat, and Chhattisgarh under the green energy open access regulations. Bids must be submitted by May 19, 2025. Bidders who have developed at least a 100 MW renewable energy capacity under open access in any state will be given preference.

The U.S. and China agreed to slash reciprocal trade tariffs by 115% for 90 days. The new tariffs will come into effect from May 14, 2025, the two countries said in a joint statement. The U.S. Department of the Treasury temporarily suspended all tariffs imposed since April 2, 2025, except for retaining a 10% tariff on all Chinese imports. The effective tariff on imports from China has decreased from 145% to 10%. Simultaneously, China also removed all reciprocal tariffs, bringing them down from 125% to 10%.

Global solar installations hit a record high of 597 GW in 2024, a 33% increase year-over-year (YoY) from 2023, according to a new report from SolarPower Europe. After global installations crossed the 2 TW solar capacity milestone in late 2024, the report predicts that global installations can reach 1 TW of solar capacity per year by the decade’s end. In 2024, China alone added 329 GW of solar capacity, comprising 55% of global installations. Worldwide installations are expected to decline slightly in 2026 following changes in China’s market design in 2025.

Residential rooftop solar prices in the U.S. fell for the third consecutive half-year to $2.5/W in the second half (2H) of 2024 due to softening demand, high interest rates, and stable electricity prices, according to EnergySage’s Solar and Storage Marketplace Report. The average maximum rooftop solar prices reached as low as $2.89/W, and the average minimum dropped to the lowest in the decade to $2.41/W. Prices for rooftop solar with storage fell to $2.40/W in 2H 2024 from $2.59/W in 1H 2024. The prices dropped due to a surge in demand for Tesla’s Powerwall 3, which includes an integrated inverter.

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a 58% YoY increase in revenue from $6.6 million to $10.5 million in the first quarter of 2025, missing analysts’ expectations by $1.31 million. The company also recorded the highest quarterly revenue as it ramped production to deliver customer backlogs. Eos’ net profit for the quarter came in $95.14 million from a net loss of $46.71 million a year ago.

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