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
Here are the Details for Bidding Under Solar Production-Linked Incentive Program

Here are the Details for Bidding Under Solar Production-Linked Incentive Program

The government's approval for the Production Linked Incentive (PLI) program under the 'National Program on High-Efficiency Solar PV (Photovoltaic) Modules' has been widely welcomed by the solar industry. The PLI ...
/ / Markets & Policy, Solar
Backward Integration Vital to Build Manufacturing Capacity in Indian Solar Sector

Backward Integration Vital to Build Manufacturing Capacity in Indian Solar Sector

Supply chain constraints and the consequent increase in solar cell and module prices could continue to plague the solar industry in India for the next three to four quarters. At ...
/ / Markets & Policy, Solar
Tata Power Solar Doubles Cells, Modules Manufacturing Capacity to 1,100 MW

Tata Power Solar Doubles Cells, Modules Manufacturing Capacity to 1,100 MW

Tata Power Solar has announced the expansion of its manufacturing unit in Bengaluru, taking the total production capacity of cells and modules to 1,100 MW. The latest expansion move has ...
/ / Manufacturing, Modules, Solar
Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Canadian Solar, a Canada-based solar module manufacturer, reported an 8.6% increase in net revenue with $3.47 billion in 2020 compared to $3.20 billion in 2019 owing to a 32% annual ...
/ / Finance and M&A, Solar
Rajasthan Electronics Releases Tender for 150,000 Multicrystalline Solar Cells

Rajasthan Electronics Releases Tender for 150,000 Multicrystalline Solar Cells

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Indian government and Rajasthan, has invited bids for 150,000 units of 4.5W multicrystalline silicon solar cells. Bidders are not ...
Premier Energies Set to Open a 1.5 GW Solar Manufacturing Facility in Hyderabad

Premier Energies Set to Open a 1.5 GW Solar Manufacturing Facility in Hyderabad

Premier Energies said that it would commission a 1.5 GW solar photovoltaic cell manufacturing facility in the next two months at E-city, Hyderabad, tripling its existing production capacity. The Secunderabad-based ...
/ / Manufacturing, Solar
No Update on ALMM Extension, Inspection Fee for Solar Manufacturing Enlistment Reduced

No Update on ALMM Extension, Inspection Fee for Solar Manufacturing Enlistment Reduced

The Ministry of New and Renewable Energy (MNRE) has issued amendments to the existing provisions for enlistment under the Approved List of Models and Manufacturers (ALMM). According to the notification, ...
/ / Markets & Policy, Solar
REIL Floats Tender for 6,500 Polycrystalline Solar Modules

REIL Floats Tender for 6,500 Polycrystalline 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 contract manufacturing of 6,500 polycrystalline solar photovoltaic ...
Solar Manufacturers Seek Clarity on the Production-Linked Incentive Program

Solar Manufacturers Seek Clarity on the Production-Linked Incentive Program

The Indian government has been trying to boost the domestic manufacturing segment and make it globally competitive. In one such move, in November 2020, the government announced a production-linked incentive ...
/ / Markets & Policy, Solar
Tender Released for Supply of 1.8 Million Multicrystalline Solar Cells

Tender Released for Supply of 1.8 Million Multicrystalline Solar Cells

Central Electronics Limited (CEL) has floated a tender for 1.8 million multicrystalline solar photovoltaic cells with wattage greater than 4.68W. Bidders are not required to pay an earnest money deposit ...