Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW

Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW

With an estimated 220 GW of solar capacity required by the decade's end to meet the 280 GW goal set by the government, India needs a significant manufacturing capacity ramp-up ...
/ / Manufacturing, Modules, Solar
Canadian Solar to Expand Solar and Battery Storage Capacity in China

Canadian Solar to Expand Solar and Battery Storage Capacity in China

CSI Solar, a wholly-owned subsidiary of solar module maker Canadian Solar, has entered a multi-year investment agreement with the municipal government of Yangzhou City in Jiangsu Province of China for ...
/ / Other, Renewable Energy
Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

The solar sector has a long wish list for the Union Budget 2023, which will be presented in a few days. Stakeholders look forward to Finance Minister Nirmala Sitharaman announcing ...
Daily News Wrap-Up: State of Solar PV Manufacturing in India

Daily News Wrap-Up: State of Solar PV Manufacturing in India

India’s solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
/ / Daily Wrap-up, Other
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
LONGi Plans New 100 GW Wafer and 50 GW Cell Production Capacity

LONGi Plans New 100 GW Wafer and 50 GW Cell Production Capacity

LONGi Green Energy Technology has signed an investment agreement with the local government of Shaanxi province to manufacture 100 GW of monocrystalline silicon wafers and 50 GW monocrystalline cell. The ...
/ / Manufacturing, Solar
US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

The Inflation Reduction Act (IRA) in the U.S. will propel the annual investment in the country’s renewable energy sector to nearly $114 billion by 2031 from $64 billion in 2022, ...
/ / Other, Renewable Energy
Qcells to Invest Over $2.5 Billion to Build Solar Supply Chain in the US

Qcells to Build Solar Supply Chain in the US with $2.5 Billion Investment

Solar cell and module manufacturer Qcells said it will invest over $2.5 billion to build a complete solar supply chain in the U.S. The Seoul-headquartered company will launch a new ...
/ / Markets & Policy, Solar
Central Government Invites Bids for Buying and Leasing 3,500 E-Cars

CESL to Lease 3,500 Electric Cars, Invites Bids

Convergence Energy Services (CESL), a wholly-owned subsidiary of Energy Efficiency Services (ESSL), has invited price bids to lease 3,500 electric four-wheelers (cars) to various departments and autonomous bodies across 18 ...
/ / Electric Vehicles, Grid
Adani Starts Construction of its 30,000 MTPA Polysilicon Manufacturing Facility

Adani Starts Construction of its 30,000 MTPA Polysilicon Manufacturing Facility

Adani Enterprises becomes the first company to start the construction of a polysilicon and monosilane manufacturing facility to be constructed in Mundra, Gujarat. State-owned construction and engineering company Engineers India ...
/ / Manufacturing, Solar
US Loans $2.5 Billion to Ultium Cells for Lithium-ion Battery Manufacturing

US Loans $2.5 Billion to Ultium Cells for Lithium-ion Battery Manufacturing

The U.S. Department of Energy (DOE) announced the closing of a $2.5 billion loan to Ultium Cells, a joint venture between General Motors (GM) and LG Energy Solutions, to construct ...
/ / Other, Renewable Energy
Maharashtra Commission Allows BEST to Procure 234 MW of Solar Power

Maharashtra Commission Allows BEST to Procure 234 MW of Solar Power

The Maharashtra Electricity Regulatory Commission (MERC) has approved the procurement of 234 MW of solar power by Brihanmumbai Electric Supply and Transport Undertaking (BEST) from Solar Energy Corporation of India ...
/ / Markets & Policy, Solar
SECI Floats Tender to Select Module Manufacturers Under ₹195 billion PLI Program

SECI Floats Tender to Select Module Manufacturers Under ₹195 Billion PLI Program

Solar Energy Corporation of India (SECI) has invited bids for the selection of solar module manufacturers to produce higher efficiency modules in the country under tranche II of the production-linked ...
/ / Solar, Tenders & Auctions
Smaller Solar Manufacturers are Diving Into EPC Business to Utilize Their Own Modules

Smaller Solar Manufacturers are Diving Into EPC Business to Utilize Their Own Modules

Manufacturers see better margins with in-house EPC for small solar projects About 40 small manufacturers have either just started or plan to begin EPC services Small module makers find EPC ...
Adani New Industries Q2 Revenue Down Marginally at ₹6.13 Billion

Adani New Industries Q2 Revenue Down Marginally at ₹6.13 Billion

Adani New Industries (ANIL) Ecosystem, a wholly-owned subsidiary of Adani Enterprises, posted revenue of ₹6.13 billion (~$74.77 million) in the second quarter (Q2) of the financial year (FY) 2023, a ...
/ / Finance and M&A, Solar
Module Manufacturer First Solar Reports Net Loss of $49 Million in Q3 2022

Module Manufacturer First Solar Reports Net Loss of $49 Million in Q3 2022

U.S.-based solar modules manufacturer First Solar has recorded a net loss of $49.17 million in the third quarter (Q3) of 2022, representing a quarter-over-quarter (QoQ) fall in income by 188% ...
/ / Other, Renewable Energy
Smaller Solar Module Manufacturers Find it Challenging to Raise Capital

Smaller Solar Module Manufacturers Find it Challenging to Raise Capital

Module manufacturers are scrambling to add capacity and upgrade technology after the government effectively barred imports. While large and established companies say capital is available in the market for expansion, ...
Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing

Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing

Uttar Pradesh will provide a 30% base capital subsidy for the first two integrated electric vehicle (EV) and ultra-mega battery projects up to a maximum of ₹10 billion (~$121.43 million) ...
Waaree Raises ₹10 Billion to Expand Solar Module Manufacturing Capacity

Waaree Energies Raises ₹10 Billion to Expand Solar Module Manufacturing Capacity

Indian solar module manufacturer Waaree Energies has raised ₹10 billion (~$122.63 million) from various high-net-worth individuals and private offices. The proceeds will be used to expand Waaree’s manufacturing facility in ...
/ / Finance and M&A, Solar
Guidelines Issued for Tranche II of PLI Program for Solar Cells and Modules

Guidelines Issued for Tranche II of PLI Program for Solar Cells and Modules

The Ministry of New & Renewable Energy (MNRE) has approved ₹195 billion (~$2.61 billion) to achieve gigawatt-scale manufacturing of high-efficiency solar photovoltaic modules under the second phase (Tranche II) of ...
/ / Markets & Policy, Solar
Tranche II of Production-Linked Incentive Program for Solar Modules Gets Cabinet Nod

Tranche II of Production-Linked Incentive Program for Solar Modules Gets Cabinet Nod

The Union Cabinet has approved the Ministry of New & Renewable Energy’s (MNRE) proposal for the implementation of the second phase (Tranche II) of the Production Linked Incentive (PLI) program ...
Tata Power Signs PPA to Develop a 4 MW Solar Project at Tata Motors Facility in Pune

Tata Power Signs PPA to Develop a 4 MW Solar Project at Tata Motors Facility in Pune

Tata Power entered into a power purchase agreement (PPA) with Tata Motors to develop a 4 MW onsite solar power project at Tata Motors' commercial vehicle manufacturing facility in Pune ...
/ / Markets & Policy, Solar
Jinko Solar Ships Over 100 GW of Modules in Q2 2022

Jinko Solar Ships Over 10 GW of Modules in Q2 2022

Jinko Solar, the Chinese solar cell and module manufacturer, has recorded a revenue of RMB18.84 billion (~$2.81 billion) in the second quarter (Q2) of the calendar year 2022, up 27.6% quarter-over-quarter ...
/ / Markets & Policy, Solar
Bids invited to Set Up a 100 MW Automatic Solar Module Manufacturing Line

Bids invited to Set Up a 100 MW Automatic Solar Module Manufacturing Line

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Union government and the Rajasthan government, has invited bids to set up a 100 MW automatic solar module manufacturing ...
/ / Solar, Tenders & Auctions
Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the U.S.

Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the US

In a significant development, President Joe Biden signed the 'Inflation Reduction Act of 2022,' which the U.S. House of Representatives and the Senate had passed. The Act addresses issues of ...
/ / Markets & Policy, Solar