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Indian market

Solex Energy First Indian PV Module Firm To Get MCS Certification

Surat based Solar Module Manufacturer Solex Energy Limited, has become the first Indian PV Module manufacturer to be certified with the prestigious MCS 005 certificate under the BSI Kitemark, supported by the United Kingdom Accreditation Service (UKAS). The MCS stands for Microgeneration Certification Scheme and MCS 005 is the quality certification for solar PV modules. […]

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IEX’s August Power Market Update

The Indian Energy Exchange (IEX), the dominant power exchange in the country, has released its market update for August. IEX achieved a total volume (including certificates) of 12,040 MU in August 2024, marking a 35.8% year-over-year increase. The electricity volume at 9,914 MU, increased 17.1% YoY. The renewable energy certificates (REC) at 2,116 MU, increased […]

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5 Indian Solar Firms With Plans To ‘Make In USA’

Solar, Supply Chain And Scaling Manufacturing: Indian Firms Pivot To The USA The Solar Energy Manufacturers for America Coalition (SEMA) released a report this year revealing that Chinese-headquartered companies now produce 99% of the world’s solar wafers and over 80% of the world’s polysilicon. These two components alone account for more than half the value […]

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Indian RE Sector Faces A Leadership Crisis

WalkWater Talent Advisors, an Indian executive search firm, has unveiled a study highlighting a significant leadership talent crisis within India’s rapidly growing renewable energy sector. India’s ambitious goal of increasing non-fossil energy production capacity to 500 GW by 2030, as part of the Panchamrit plan, and achieving net-zero emissions by 2070, faces a significant challenge: […]

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Borosil Renewable Seeks More Protection For Indian Solar Glass Firms

Indian solar glass manufacturer Borosil Renewable is now in favour of changes in government tender documents to ensure use of only ‘domestically produced solar equipment’ like solar glass. This, the management said, is needed to protect the Indian solar glass companies, which are plagued with the challenges emanating from the stiff competition from the Chinese […]

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Arctech Grows With 131% In Global Solar PV Tracker Market

Global solar tracker company Arctech has now emerged as the only company among the world’s top 5 solar tracker suppliers to achieve an annual growth rate of 131%, according to the 2024 Global PV Solar Tracker Market Share Report published by Wood Mackenzie, the firm said today. Arctech is a provider of solar tracking, racking, […]

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SAEL Makes Debut In Global Bond Markets With $305mn Green Bond

SAEL group has successfully issued its debut US dollar-denominated bonds in the international markets. This bond marks the group’s first issuance in the international capital markets, providing the Company access to a deep, alternative pool of liquidity to complement funds available through domestic Indian lenders, the firm said today. The US$ 305 million green bond […]

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Indian RE Sector Can Attract Rs 30L-crore Investment Between 2024-2030: Report

Power transmission in India is emerging as one of the largest unified electricity grids in the world, states the Economic Survey 2023-24. The Indian transmission system has expanded to 4,85,544 circuit kilometers of transmission lines and 12,51,080 mega volt amp (MVA) of transformation capacity, until 31 March 2024, stated the survey notes. The survey was […]

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11% Of Indian Module Capacity With ALMM Is TOPCon Production

The latest Approved List of Models and Manufacturers (ALMM) for solar module makers in India revealed that several enlisted companies have now added new TOPCOn technology production lines. This is in addition to the production lines for mono-PERC which has now dominated the Indian solar market and the phasing out of redundant polycrystalline technology. A […]

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