Solar Imports in Q1 2022 Up 374% Year-Over-Year

Solar Imports in Q1 2022 Up 374% Year-Over-Year

India imported solar cells and modules worth $1.23 billion (~₹92.62 billion) in the first quarter (Q1) of the calendar year (CY) 2022, an increase of 374% compared to the same ...
Central Electronics Floats Tender for 1.8 Million Polycrystalline Solar Cells

Central Electronics Floats Tender for 1.8 Million Polycrystalline Solar Cells

Central Electronics Limited (CEL), a public sector enterprise under the Department of Scientific and Industrial Research, has announced a tender to supply 1.8 million polycrystalline solar cells. The last day ...
ITI Limited Floats Tender for Over Two Million Polycrystalline Solar Cells

ITI Limited Floats Tender for Over Two Million Polycrystalline Solar Cells

ITI Limited, a public sector undertaking under the Department of Telecommunications, has floated a tender to supply 23,50,080 polycrystalline solar cells. The total tender value is ₹110.10 million (~$1.43 million). The ...
/ / Solar, Tenders & Auctions
Solar Cell Manufacturer Jupiter Raises ₹1.7 Billion From Edelweiss Group

Solar Cell Manufacturer Jupiter Raises ₹1.7 Billion from Edelweiss Group

Solar cell manufacturer Jupiter International raised ₹1.7 billion (~$22.19 million) from funds managed by Edelweiss Alternative Asset Advisors (EAAA). The capital raised includes debt and a convertible to equity instrument ...
/ / Finance and M&A, Solar
ALMM Inclusion Irks Open Access, Rooftop Solar Installers

ALMM Inclusion Irks Open Access, Rooftop Solar Installers

The Ministry of New and Renewable Energy (MNRE), in its recent order, amended the regulations related to the Approved List of Models and Manufacturers (ALMM) of solar modules, extending it ...
Solar Federation Worried About BCD Impact on Awarded Projects, Asks For ‘Grandfathering’

Solar Federation Worried About BCD Impact on Awarded Projects, Asks for ‘Grandfathering’

In a letter to Union Power Minister R.K. Singh, the National Solar Energy Federation of India (NSEFI) has conveyed their worry about the impact of Basic Customs Duty (BCD) on ...
/ / Other, Renewable Energy
Developers and Manufacturers Weigh in on ALMM and the Solar Demand Supply Gap

Developers and Manufacturers Weigh in on ALMM and the Solar Demand Supply Gap

The Ministry of New and Renewable Energy (MNRE), through its 'Approved List of Models and Manufacturers (ALMM) of Solar Modules Order, 2019'  states that only the models and manufacturers included ...
/ / Mercom Research Focus, Other
New Process to Enhance Stability and Efficiency of Perovskite Solar Cells

New Process to Enhance Stability and Efficiency of Perovskite Solar Cells

Researchers at the International Advanced Research Center for Powder Metallurgy and New Materials, India, claimed that they have increased the efficiency and stability of Titanium dioxide (TiO2)-nanorods-based perovskite solar cells ...
/ / Solar, Technology
Reliance Industries to Invest Close to ₹6 Trillion on Green Energy Projects in Gujarat

Reliance Industries to Invest Close to ₹6 Trillion on Green Energy Projects in Gujarat

Reliance Industries Limited (RIL) has signed a memorandum of understanding (MoU) with the Government of Gujarat to invest ₹5.955 trillion (~$80.61 billion) in renewable projects as a part of the ...
/ / Finance and M&A, Other
MIT and Google Develop Simulator to Accelerate Solar Cell Development

MIT and Google Develop Simulator to Accelerate Solar Cell Development

Researchers at MIT and Google Brain have developed a computational simulator that can help predict whether changes to materials or design will improve performance in new photovoltaic (PV) cells. The ...
/ / Solar, Technology
Jinko Solar’s Revenue Down Marginally Due to Drop in Solar Module Shipments

Jinko Solar’s Revenue Down Marginally Due to Drop in Solar Module Shipments

Chinese solar cell and module manufacturer Jinko Solar has reported a 2.3% year-over-year (YoY) decline in its total revenue for the third quarter (Q3) of 2021. The total revenue declined to RMB ...
/ / Markets & Policy, Solar
Trump-era Tariffs on Solar Imports Needed to Protect US Manufacturers USITC

Trump-era Tariffs on Solar Imports Needed to Protect US Manufacturers: USITC

The U.S. International Trade Commission (USITC) has said that import relief to American industries producing crystalline silicon photovoltaic cells is imperative to prevent serious injury to domestic manufacturers. There is ...
/ / Markets & Policy, Solar
Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pickup

Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pick Up

Imports of solar cells and modules increased by 448% to $1.97 billion in the first nine months (9M) of the calendar year (CY) 2021. India had imported solar cells and ...
/ / Mercom Research Focus, Other
Growth of Domestic Solar Manufacturing Hindered by Global Supply Chain Disruptions

Growth of Domestic Solar Manufacturing Hindered by Global Supply Chain Disruptions

The Indian government has come up with several initiatives to encourage domestic solar manufacturing. In April this year, the Union Cabinet approved the production-linked incentive (PLI) program to push gigawatt-scale manufacturing of ...
/ / Mercom Research Focus, Other
Fund Allocation for Solar PLI Program to be Increased to ₹240 Billion – RK Singh

Fund Allocation for Solar PLI Program to be Increased to ₹240 Billion – RK Singh

The government will soon increase the funding allocation for the production linked incentive (PLI) program for manufacturing domestic solar cells and modules to ₹240 billion (~$3.22 billion) from the existing ...
/ / Markets & Policy, Solar
India's Solar Supply Chain and Sourcing Strategies

India’s Solar Supply Chain and Sourcing Strategies

India witnessed high growth in new solar capacity additions as the country recovered from the impacts of the Covid-19. With increasing solar installations, solar developers' demand for solar modules and ...
/ / Markets & Policy, Solar
Reliance Acquires REC Solar Holding for $771 Million

Reliance Acquires REC Solar Holding for $771 Million

Reliance New Energy Solar, a wholly-owned subsidiary of Reliance Industries, has acquired REC Solar Holdings from China National Bluestar Group for $771 million. REC is a Norway-headquartered solar cell, modules, ...
/ / Finance and M&A, Solar
Domestic Content Requirement - Helping or Hurting KUSUM Solar Pump Program

Domestic Content Requirement – Helping or Hurting KUSUM Solar Pump Program?

The Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) program was announced by the government to provide financial and water security to farmers by mobilizing solar projects and solar-powered water ...
Perovskite Solar Cells to Be Tested in Space

Perovskite Solar Cells to Be Tested in Space

To lower the cost of specialized photovoltaic (PV) panels used to generate electricity in space — like the ones used in Mars rovers and space probes — researchers at the ...
/ / Solar, Technology
Tender Floated for 36,000 Raw Material Kits for Production of Solar Modules

Tender Floated for 36,000 Raw Material Kits for Production of Solar Modules

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the Government of Rajasthan, has invited bids for the supply of 36,000 raw material kits ...
/ / Solar, Tenders & Auctions
Can Solar Developers Take Advantage of Duty-Free Period Ahead

Can Solar Developers Take Advantage of Duty-Free Period Ahead?

Solar developers in India are facing two important dates - the safeguard duty (15%) set to end on July 29, 2021, and the basic customs duty (BCD) of 40% on ...
_Solar Industry Reacts PLI Program Good for Large Manufacturers; MSMEs Left Out

Solar Industry Reacts: PLI Program Good for Large Manufacturers; MSMEs Left Out

India has launched a performance-linked incentive (PLI) program to support vertically integrated, gigawatt-scale manufacturing of high-efficiency solar modules. The implementing agency – the Indian Renewable Energy Development Agency (IREDA), has ...
Solar Cell & Module Maker Websol Energy Posts Revenue of ₹1.54 Billion in FY 2021

Solar Cell & Module Maker Websol Energy Posts Revenue of ₹1.54 Billion in FY 2021

Kolkata-based manufacturer of solar cells and modules Websol Energy System has announced combined financial results for the fourth quarter (Q4) and the financial year 2021 (FY21). The company reported a ...
/ / Markets & Policy, Solar
Covid-19 Raises Project Sub-Contracting Costs for Sterling & Wilson Solar

Covid-19 Raises Project Sub-Contracting Costs for Sterling & Wilson Solar

Leading solar engineering, procurement, and construction (EPC) services provider, Sterling & Wilson Solar, an associate of the Shapoorji Pallonji Group, updated the Bombay Stock Exchange on several issues it is ...
/ / Commercial, Solar
Guidelines for Solar PLI Program: 4 GW Manufacturing Capacity Gets Priority Allocation

Guidelines for Solar PLI Program: 4 GW Manufacturing Capacity Gets Priority Allocation

In early April, the Union Cabinet had approved the Ministry of New & Renewable Energy’s (MNRE) proposal for the implementation of the production-linked incentive (PLI) program for the ‘National Program ...
/ / Modules, Solar
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