manufacturing

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Germany’s NexWafe Secures $32 Million for Green Solar Wafer Production

Solar wafer manufacturer NexWafe GmbH has secured €30 million (~$32 million) from a group of investors, including Reliance New Energy, to accelerate the construction of...

June 1, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Solar Manufacturing Scaled Enough in 2022 to Meet 2030 Demand: IEA

The current global project pipeline for solar energy is capable of accommodating the deployment needs by 2030 if the utilization rates increase to 85% on average, under...

May 23, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Optimal Tariffs and Efficient Forecasting Mitigate Project Financing Risks: Interview

Better forecasting and optimal and buffered project tariffs reduce the risks and make it easy for lenders to finance renewable projects over a longer term, P K Sinha, ED...

May 23, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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India Expects to be a Solar Export Hub Even After ALMM Suspension: Interview

As India strives to boost its domestic solar module manufacturing, the recent suspension of the Approved List of Models and Manufacturers (ALMM) regulation has left the...

May 15, 2023

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Sumit Jha

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Markets & Policy

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Solar
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First Solar Swings into Net Income of $43 Million in Q1 on Higher Sales

U.S.-based solar module manufacturer First Solar recorded a net income of $42.6 million in the first quarter (Q1) of the financial year (FY) 2023, compared to a net loss...

April 28, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Ohmium Raises $250 Million to Expand Electrolyzer Capacity to 2 GW Annually

Green hydrogen company Ohmium International announced the close of a $250 million Series C growth equity financing. The funding will be used to expand Ohmium’s annual...

April 27, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Inflation Reduction Act Fuels Record Investment in US’ Clean Energy Sector

The American Clean Power Association (ACP) said that the utility-scale clean energy sector in the U.S. has received investments of over $150 billion since the Inflation...

April 19, 2023

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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ALMM Suspension: Glass Half-Full for Solar Stakeholders

The government’s decision to keep the Approved List of Models and Manufacturers (ALMM) policy in abeyance for a year has prioritized expeditious solar capacity...

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LG Energy Solution to Invest $5.5 Billion in New Battery Plants in the US

Battery manufacturer LG Energy Solution plans to invest roughly KRW 7.2 trillion (~$5.5 billion) to build a battery manufacturing complex in Arizona, United States. The...

March 27, 2023

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Arjun Joshi

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Energy Storage

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Finance and M&A
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Solar Module Maker Silfab Raises $125 Million from ARC Financial

Canada-based solar module manufacturer Silfab Solar has completed the second investment round of $125 million led by ARC Financial Corp, an energy-focused private equity...

March 9, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Module Manufacturer First Solar Reports Net Loss of $8 Million in Q4 2022

U.S.-based solar module manufacturer First Solar has recorded a net loss of $8 million in the fourth quarter (Q4) of 2022, compared to an income of $131 million...

March 1, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Iberdrola Partners Exiom to Build Module Manufacturing Facility in Spain

In partnership with solar module manufacturer Exiom, Spain-based utility company Iberdrola will develop the first large solar module manufacturing facility in Spain and...

February 23, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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Daily News Wrap-Up: India Added 13 GW of Solar Capacity in 2022

India added 13 GW of solar capacity in the calendar year (CY) 2022, a 27% increase year-over-year  compared to 10.2 GW installed in CY21. India’s cumulative installed...

February 23, 2023

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Mercom India

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Daily Wrap-up
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Cleantech Solar Commissions 37 MW Solar Project in Maharashtra

Singapore-based Cleantech Solar, a renewable energy solutions provider, has commissioned a 37 MW solar power project in Maharashtra to supply power to a global...

February 22, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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Growatt Opens Inverter, Battery Manufacturing Plant in Vietnam

China-based solar inverter manufacturer Growatt has started the first phase of its production plant in Haiphong, Vietnam, to manufacture 500,000 inverters and 100,000...

February 20, 2023

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Gourav Mishra

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Other

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Renewable Energy

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