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Solar Module Making Capacity Set to Soar 400% by FY25: Crisil

India’s solar module manufacturing capacity is set to rise by almost 400 per cent by fiscal 2025, compared with fiscal 2021, said ratings agency Crisil. The trend will be supported via strong demand, favourable policies, likely improvement in energy efficiency, and price competitiveness, it said. Besides, with the government supporting domestic manufacturers through policy measures, […]

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NTPC Invites Bids For 900 MW Solar Park in Cuba

In it’s biggest international project till date, NTPC Ltd has invited bids from developers to build  the Solar PV park in Republic of Cuba. NTPC, a corporate partner of ISA International Solar Alliance (ISA) has been chosen as the preferred partner for implementation of 900 MW solar PV parks by Government of Cuba. NTPC and […]

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U.S. Solar Platform for Shell Raises $775 M in New Equity Capital

Nashville-based Silicon Ranch Corporation, an independent power producer in the U.S. and the American solar platform for Shell, has raised $775 million in new equity capital. The equity raise will support continued execution of Silicon Ranch’s business plan, including construction of its contracted pipeline and the acceleration of its customer-led growth strategy, by developing new […]

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Green Firm Renew Power Raises $400 M from Global Debt Investors

ReNew Power has raised USD 400 million from global debt investors, making it the second issue from the country after Reliance Industries’ mop-up of USD 4 billion. The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that is the parent of […]

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New Report Offers Insight on Lowering Commercial EV Battery Costs

A steady stream of headlines illustrates significant progress in commercial vehicle markets. New technologies come to market regularly, and tens of millions of incentive voucher dollars are fully reserved in minutes. However, the zero-emission electric commercial vehicle market has a challenge at its core – battery costs and sourcing and supply conditions. Clean transportation solutions […]

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Meyer Burger to Build 400MW Solar Module Mfg Facility in U.S.

Switzerland-based Meyer Burger Technology has announced that it will build a production facility for high-performance solar modules in Goodyear, Arizona. The establishment of production in Arizona offers Meyer Burger customers in the growing North American market faster and direct access to solar modules and makes them less dependent on imports, says the firm. The Arizona […]

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The US Doubles Down On Energy Storage Capacity

The market for energy storage in US is making big strides, driven by the record growth in the past year even though Covid pandemic upset the momentum of various other industries across the world. Renewable storage market has rather been holding up the country’s economic prospects. Over the year 2020, 1,464 MW/3,487 MWh of new […]

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US Grants $500M Financing To First Solar for 3.3GW Facility in Tamil Nadu

U.S. International Development Finance Corporation (DFC) has approved up to $500 million of debt financing for First Solar, the largest American solar manufacturing company, subject to negotiations of definitive agreements. The DFC financing will support the company’s previously announced vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu, with a projected annual capacity […]

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ONGC, SECI to Jointly Develop Renewable Projects

To realize its green energy objectives, Oil and Natural Gas Corporation Ltd (ONGC) has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI), an official statement said. The MoU provides a broad, overarching framework for the two national energy companies to collaborate on renewable energy projects including solar, wind, solar parks, […]

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