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CERC Allows Adani Subsidiary Compensation For ‘Change of Law’ Events

The Central Electricity Regulatory Commission (CERC), in its latest judgement, allowed compensation to Mahoba Solar (UP) Private Limited MSUPL) a subsidiary of Adani Green. The central commission allowed the compensation on account of ‘change of law’ events.  These include the imposition of increased safeguard duty on the imports of solar cells and modules and the […]

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Falling Module Prices To Ensure Record Solar Capacity Addition in FY24- CRISIL

Ratings and research agency CRISIL has weighed in on the impact of falling solar module prices. A steady decline in the price of solar modules since October 2022 will boost the internal rate of return (IRR) of 45 GW of utility-scale solar project pipeline1 awarded since fiscal 2021. This, in turn, will propel solar capacity […]

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RenewSys Strikes 100 MW Solar Module Supply Deal with Engie India

RenewSys, an integrated manufacturer of PV modules, has signed a 100 MW solar module supply agreement with Engie India. This contract is for Engie India’s GUVNL 2 project, operating under a 25-year solar power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL). Naresh Baluja, Chief Commercial Officer of Engie India, says, “We are […]

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Tata Power Renewable Energy Ltd Exceeds 1.4 GW Group Captive Projects

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has crossed the 1.4 GW capacity of group captive projects in the last seven months. This achievement, the firm maintains, is the result of signing of Power Delivery Agreements (PDA) with various industries across segments. Some of the prominent group captive […]

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With IRA Boost, Energy Storage Demand Likely To Surge Six-Fold: SEIA

The Solar Energy Industry Association (SEIA) has released a report stating that over the next one decade, lithium-ion battery would witness a surge in global demand due to the unprecedented investment in solar. This was attributed to the production incentives bolstered through the Inflation Reduction Act (IRA) in the United States (US). SEIA’s report titled, […]

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Roofsol Energy to Execute 11.53 MWp Solar Rooftop in Ludhiana

Mumbai-headquartered firm engaged in providing ground mount and solar rooftop solutions for the commercial & industrial sector, Roofsol Energy Pvt Ltd has been awarded a rooftop solar project at Sharmanji Yarns Pvt Ltd, a spinning mill in Ludhiana, Punjab, for a capacity of 11.53 MWp. The rooftop project will employ high-efficiency N-type 690 Wp modules […]

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Trina Solar Consolidates Australian Market Presence with 1 GW Solar MoU

Solar panel manufacturer Trina Solar has joined hands by way of a Memorandum of Understanding (MoU) Solar Juice, an Australian solar distributor. The MoU will pave the way or Solar Juice to procure 1 GW of Trina Solar Vertex modules across a span of three years. The China-based firm will further cement its position in […]

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JinkoSolar Solar Panel Delivery Reaches 200 GW Mark

One of the largest module manufacturers in the world, JinkoSolar solar panel delivery has reached the landmark of 200 GW globally. As per the firm, this indicates that one of every eight panels installed on the earth today is a JinkoSolar solar panel. JinkoSolar said its “exponential growth” was the result of its strong focus […]

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Chinese Module Majors Feel The Pinch From Module Price Drop

As financial results for Q3 come in, it is obvious that the pain of dropping module prices is beginning to impact major global players, especially the Chinese majors that dominate global markets. Except for pockets where buyers are from the US and Europe who consciously avoided Chinese players, revenues have sustained only on higher volumes, […]

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