Daqo New Energy to Invest $576 Million in Polysilicon Manufacturing Facilities Through IPO
Chinese solar photovoltaic (PV) grade polysilicon manufacturer Daqo New Energy Corporation has revealed plans to raise $732 million (~₹53.7 billion) for new polysilicon manufacturing facilities and working capital requirements. In its press ...
Tamil Nadu’s New Electronics Hardware Manufacturing Policy Includes Subsidies for Solar Cells
The state of Tamil Nadu has come out with the ‘Electronics Hardware Manufacturing Policy 2020’ to increase the state’s electronic output to $100 billion (~₹7.3 trillion) by 2025. The government ...
ReneSola and Zhongnan Industry to Build a 3 GW Solar PV Manufacturing Unit
ReneSola, a solar module manufacturer, announced that it is entering into a joint venture with the Zhongnan Industry, a subsidiary of Zhongnan Holding Group, to develop a solar PV manufacturing ...
Mumbai’s Epsilon Carbon to Invest $70 Million in Battery Material Manufacturing Facility
Epsilon Carbon, a coal chemical processing company, announced that it plans to invest $70 million (~₹5.2 billion) over the next five years towards establishing 50,000 tons of anode material manufacturing ...
What it Takes to Ramp Up Solar Manufacturing in India
The Indian solar industry has been dependent on imported solar cells and modules since the inception of the National Solar Mission. The focus so far has been on project development ...
Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million
United Renewable Energy (URE), a Taiwan-based solar cell and module maker, announced its plans to sell one of its manufacturing units in the country to consolidate its production efforts. It ...
Azure Power Receives LoA for 2 GW of Solar Projects With 500 MW of Manufacturing Capacity
Azure Power announced that it has received a letter of award (LoA) for 2 GW of interstate transmission system (ISTS) solar projects under the greenshoe option in the Solar Energy ...
ReNew Power to Set Up 2 GW Solar Cell and Module Manufacturing Facility in India
ReNew Power, an Indian independent power producer (IPP), has announced its plans to invest between ₹15 billion (~$200 million)-₹20 billion (~$266.7 million) to set up a 2 GW solar cell ...
Solar Cell Manufacturing Capacity Lags Demand from DCR Programs
Solar cell manufacturing in India is yet to ramp up despite the government’s attempts to promote domestic production. While the government has taken initiatives like introducing safeguard duty, domestic content ...
Tuticorin Port, Madhya Pradesh, Odisha, Keen to Set Up Renewable Manufacturing Hubs
The Tuticorin Port Trust and the states of Madhya Pradesh and Odisha have expressed interest in setting up renewable energy manufacturing parks in response to the Ministry of New and ...
MNRE Asks States and Ports to Locate Land for Renewable Manufacturing and Export Hubs
All states and ports in the country are expected to identify land parcels ranging between 50 and 500 acres in size in their regions that can be used to set ...
LONGi Solar to Acquire a Chinese Solar Cell & Module Manufacturer for $253 Million
LONGi Solar, a Chinese manufacturer of high-efficiency mono-crystalline solar cells and modules, has announced a framework agreement to acquire solar cell and module manufacturer Ningbo Jiangbei Yize New Technology for ...
BIS Certification Can Clean the Solar Market of Small, Weak Players: Growatt Interview
The extension of BIS standards certification for solar inverters was met with mixed responses. Some believe that it was essential because it gave them more time to go through the ...
Solar Inverter Companies Facing Strong Downward Pricing Trends: Sineng Interview
India has significant potential to generate solar energy, thanks to high solar irradiation in most parts of the country. The hurdles mostly lie in the market and policy environment. These ...
ŠKODA Commissions 8.5 MW of Rooftop Solar Systems at its Pune Production Plant
ŠKODA AUTO Volkswagen India Private Limited, a Czech Republic-based automobile company, has announced that it has commissioned 8.5 MW of solar rooftop systems at its manufacturing plant in Chakan, Pune ...
Ather Energy to Set Up EV, Lithium-ion Battery Manufacturing Facility in Tamil Nadu
Ather Energy has announced that it has signed a memorandum of understanding (MoU) with the government of Tamil Nadu to set up a two-wheeled electric vehicle and lithium-ion battery manufacturing ...
Nemji Solar Plans to Start 1 GW Solar Module Manufacturing Unit Next Year
Nemji Solar, a new entrant into the solar industry has announced that it plans to start operating a 1 GW solar module manufacturing facility by April 2020. The Gujarat-based company ...
India’s Move to Cut Corporate Tax from 30% to 22% Likely to Boost Domestic Solar Companies
The finance ministry of India has passed an ordinance bill to give the Indian economy a fiscal stimulus of $20.4 billion by way of reducing corporate tax rates from 30% ...
MNRE Proposes Basic Customs Duty on Imported Solar Cells and Modules
The Minister of Power R.K. Singh has proposed that basic customs duty (BCD) be imposed on imported solar cells and modules from April 2021 in a letter to the finance ...
Another Extension to Submit Bids for SECI’s 6 GW Solar Tender with 2 GW Manufacturing
The Solar Energy Corporation of India (SECI) has extended the bid submission date for its tender for 6 GW of the interstate transmission system (ISTS)-connected solar projects linked with setting ...
Solar Cell Manufacturers Rally in Support of Domestic Cell Usage in KUSUM Program
In a letter addressed to the Ministry of New and Renewable Energy’s (MNRE), the Indian Solar Manufacturers Association (ISMA), has expressed its support to the government’s decision to utilize indigenous ...
SECI Extends Two Tenders: 1.2 GW Hybrid and 3 GW with 1.5 GW Manufacturing Component
The Solar Energy Corporation of India (SECI)’s solar PV tender coupled with manufacturing component has been extended for the third time. The new bid submission deadline is May 14, 2019 ...
Third Deadline Extension for SECI’s 97.5 MW Rooftop Solar Tender
The Solar Energy Corporation of India (SECI) has once again extended the bid submission deadline for 97.5 MW of grid-connected rooftop solar PV projects from April 16 to April 30, 2019 ...
SECI’s 3 GW Solar Tender with Manufacturing Gets Another Bid Deadline Extension
The Solar Energy Corporation of India (SECI)’s solar PV tender coupled with manufacturing component has been extended yet again. The agency has now extended the bid submission deadline to April ...
Government Proposes Customs Duty Hike on EV Parts to Incentivize Domestic Manufacturing
The Indian government recently notified the implementation of ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ with a total budget outlay of ₹100 ...
