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MNRE Issues Clarification On ALMM Implementation Timeline

The Ministry of New and Renewable Energy (MNRE) has now come out with a notification to allay apprehensions of solar project developers towards the timeline of the implementation of the ALMM scheme. Through the notification, the MNRE sought to clarify on the applicability of the scheme since the date of submissions of bids for government […]

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China’s World Beating Solar Manufacturers Struggle To Make Profits As Prices Continue Freefall

In a situation that has gone from concern, to worrisome to almost panic level some might say, China’s solar manufacturing juggernaut faces a period of low to no profits thanks to prices that have crashed to unprecedented levels. Taiwan-based Infolink Consulting, which tracks solar supply chain prices in China and beyond, in its latest report […]

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NTPC-REL Seeks Bids For 225MW Solar Project At GSECL Solar Park At Khavda

NTPC Renewable Energy Limited (REL) has invited bids for the development of a 225MW grid-connected solar PV project at Gujarat State Electricity Corporation Limited (GSECL) solar park (Stage-III), at Khavda. NTPC-REL invited online bids from eligible bidders on a single-stage two-envelope (i.e. Envelope-I: Techno-Commercial Bid and Envelope-II: Price Bid) basis. The tender includes the supply […]

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US To Invest $71 Million In Supporting Solar Manufacturing Research

U.S. Department of Energy (DOE) has announced a $71 million investment, including $16 million from the President’s Bipartisan Infrastructure Law, in research, development, and demonstration projects to grow the network of domestic manufacturers across the U.S. solar energy supply chain. The selected projects will address gaps in the domestic solar manufacturing capacity for the supply […]

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Insolation Energy Reaps Gains With Record FY24 Numbers, Plans Expansion

Rajasthan’s leading solar firm, Insolation Energy Limited (INA Solar), has announced impressive financial results for the fiscal year ending March 31, 2024. The company reported a turnover of Rs 741.32 crore, a substantial increase of 165% from the Rs 280.05 crore recorded in the previous fiscal year. Gross margins surged by 237%, reaching Rs 111.65 crore […]

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Module Supply: ReNew, Emmvee, Vikram Solar Win NTPC’s Khavda Tender

NTPC REL (Renewable Energy Limited) has awarded the contracts of supply of solar modules for its 1,255 MW solar project to three solar module manufacturers. Three companies-Emmvee, ReNew and Vikram Solar emerged as the winners of the NTPC REL’s tender. The tender was floated in September 2023. The solar project is scheduled to come up […]

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Vikram Solar Bags 397.7 MWp Module Order From NTPC

The planned 30 GW solar park at Khavda, Gujarat is clearly going to be in the news for a long time. The latest is a significant project win for leading solar module maker Vikram Solar which has secured a landmark 397.7 MWp module supply order for NTPC Renewable Energy Limited. Vikram Solar’s modules will power […]

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SJVN Invites Bids For 376 MWp GUVNL Solar Project

Indian PSU, SJVN Green Energy Limited (a wholly owned subsidiary of SJVN Limited) invited online bids from eligible bidders to manufacture and supply solar PV modules of 376.60MWp capacity for the Gujarat Urja Vikas Nigam Ltd. (GUVNL) Phase-XIV solar power project. The SJVN project includes (i.e. Stage-1: Techno-commercial Bid & Stage-2: Price Bid) with Reverse […]

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India’s Annual RE Capacity To Remain At 15-18GW Over FY25-FY26: Report

India Ratings and Research (Ind-Ra) expects the annual renewable capacity addition to maintain pace and remain at 15-18GW over FY25-FY26, owing to a significant reduction in equipment prices, continued policy support, availability of liquidity and investment plans of some of the large corporate players in the renewable sector for growth. However, the execution timelines of […]

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