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
Frequent Policy Changes a Major Hurdle for Large-Scale Solar Installations

Policy Stability Vital for Large-Scale Solar Installations

Large-scale projects are the drivers of solar development in India, with a pipeline of approximately 57 GW at the end of the second quarter (Q2) of 2022. For India to ...
/ / Markets & Policy, Solar
Central Electronics Invites Bids for 1.5 Million Multicrystalline Solar Cells

Central Electronics Invites Bids for 1.5 Million Multicrystalline Solar Cells

Central Electronics Limited (CEL), a public sector enterprise under the Ministry of Science and Technology, has invited bids for the supply of 1.5 million multicrystalline solar cells of 4.63 W ...
First Solar Records a 99% QoQ Growth in Revenue in Q2 2022

First Solar Records a 99% QoQ Growth in Revenue in Q2 2022

U.S.-based solar modules manufacturer First Solar has recorded a net income of $55.8 million in the second quarter (Q2) of 2022, representing a quarter-over-quarter (QoQ)  increase of 99% compared to ...
/ / Other, Renewable Energy
India Has to Keep Pace With Technological Innovations to Unlock Solar's Potential

India Has to Keep Pace With Technological Innovations to Unlock Solar’s Potential

Technological innovations are very important for the growth of the solar sector in the country. We have new technological advancements every two to three years, making incumbent technologies obsolete. India ...
/ / Markets & Policy, Solar
iVOOMi to Invest ₹2 Billion in Electric Two-Wheeler Manufacturing

iVOOMi to Invest ₹2 Billion in Electric Two-Wheeler Manufacturing

Electric two-wheeler maker iVOOMi Energy has announced an investment of  ₹2 billion (~$25 million) in electric two-wheeler manufacturing and related research and development. The manufacturing facility will come up in ...
Vertical Scaling of Solar Manufacturing Vital to India Meeting its Ambitious Targets

Vertical Scaling of Solar Manufacturing Vital to India Meeting its Ambitious Targets

In November 2020, the central government approved the Production-Linked Incentive (PLI) program for ten critical sectors to enhance India's manufacturing capabilities and exports under the Atmanirbhar Bharat initiative. Solar has ...
/ / Other, Renewable Energy
US Announces $56 Million to Boost Innovation in Solar Manufacturing and Recycling

US Announces $56 Million Funding to Boost Innovation in Solar Manufacturing and Recycling

The Biden-Harris Administration announced $56 million in funding, alongside a new set of initiatives to augment the innovation in solar manufacturing and recycling to make energy more cost-effective and create ...
Diversifying Global Production of Solar Modules Essential for Net-Zero Transition

Diversifying Global Production of Solar Modules Essential for Net-Zero Transition

Ensuring a secure transition to net-zero emissions will require increased efforts to expand and diversify the global production of solar modules, whose global supply chains are currently heavily concentrated in ...
/ / Markets & Policy, Solar
China Adds Nearly 7 GW of Solar Capacity in May 2022

China Adds Nearly 7 GW of Solar Capacity in May 2022

According to a recently published report by the Asia Europe Clean Energy (solar) Advisory (AECEA), China added 6.83 GW of solar capacity in May 2022, an increase of 86% month-over-month ...
Bids Invited to Set up Solar Module, Lithium Battery Manufacturing Units in Bihar

Bids Invited to Set up Solar Module, Lithium Battery Manufacturing Units in Bihar

Bihar Renewable Energy Development Agency (BREDA) has invited bids to empanel manufacturers of solar modules, luminaries, and lithium batteries to set up manufacturing and assembly units in the state. The ...
Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

Kolkata-based solar cells and modules manufacturer Websol Energy System has approved the issue of 23,80,000 equity shares of ₹10 (~$0.126) each at an issue price of ₹105 (~$1.329). The shares ...
/ / Manufacturing, Solar
President Biden Waives Duties on Solar Module Imports from Southeast Asia for Two Years

President Biden Waives Duties on Solar Module Imports from Southeast Asia for Two Years

President Joe Biden has announced a 24-month duty exemption on solar modules and cells imported from Cambodia, Malaysia, Thailand, and Vietnam to ensure that the domestic solar industry has access ...