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manufacturing capacity

Aker, Hanwha, REC to Explore US Solar Value Chain Expansion

Aker Horizons ASA’s wholly owned subsidiary Aker Horizons Holding AS has entered into an agreement with South Korea’s Hanwha Solutions Corporation and REC Silicon ASA. Hanwha Solutions will acquire 21,891,275 shares in REC Silicon from Aker Horizons and will subscribe for 48,213,001 new shares in REC Silicon through a private placement in REC Silicon. Both […]

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Annual PV Installations to Cross 200 GWdc Mark in 2022: IHS Markit

Global solar PV installations will see over 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, at a total investment of at least $170 billion, despite continuing rising costs of production, according to a new report by the Clean Energy Technology service at U.K.-based market observer IHS Markit. Until recently, declining […]

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‘Great Response’: Min of Heavy Ind on ACC PLI Scheme’s Pre-bid Meeting

The Ministry of Heavy Industries (MHI) organised a pre-bid conference for prospective bidders for the ACC Production Linked Incentive (PLI) scheme on 12th November, 2021. MHI had earlier released a Request for Proposal (RfP) on October 22, 2021, inviting bidders for a total manufacturing capacity of ACC battery storage of 50 Giga Watt Hour (GWh) […]

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Strong Underlying Demand To Support Solar PLI Scheme Expansion to Rs 24,000 Crore

Power and MNRE Minister R.K Singh has informed a news agency that the government is planning to enhance funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India an exporting power. The move follows the strong […]

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Decoding The Reliance Gambit In Renewable Energy

It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […]

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Borosil Renewables Q2 Analyst Call Takeaways For Solar Sector

For Borosil Renewables, these are the best of times. The firm, the only producer of solar glass in India, has had a terrific run ever since it completed its capacity expansion last year, timed as it was with the imposition of import duties on imports from Malaysia, Vietnam and China, of course, besides rising demand […]

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AGEL Q2 FY 22 Results Out: ₹859 cr Cash Profit in H1, RE Portfolio 20,284 MW

Adani Green Energy Ltd. (AGEL), the green arm of the Adani Group, has released the financial results for the quarter and half year ended September 30, 2021, reporting that cash profit increased by 45% to Rs. 859 crores in H1 FY22. The company’s overall renewable portfolio increased to 20,284 MW during this period. The Operational […]

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DHI Issues RFP Inviting Bidders for PLI Scheme on ACC Battery Storage

​In a latest development on the National Programme on Advanced Chemistry Cell (ACC) Battery Storage notified earlier, the Ministry of Heavy Industries (MHI) has issued a Request for Proposal (RFP) to invite bidders for setting up greenfield manufacturing facilities under the production-linked incentive (PLI) scheme to promote ACC manufacturing in the country. The programme offers […]

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NTPC REL Invites EoI for 15 GW of Solar Modules

NTPC Renewable Energy Limited (NTPC REL) has invited an Expression of Interest (EoI) from domestic manufacturers for providing approximately 15 GW of solar modules upto a cumulative period of minimum five years. The last date to submit the EoI is November 8, 2021, the responses will be opened on the next day. The sourced modules […]

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