Smart Power India, Adani Solar In tie-up to promote Solar in Rural India Updated On Fri, Mar 4th, 2022 by Saurenergy In a bid to ensure equitable access to last-mile electricity and encourage energy transition in the rural areas of Uttar Pradesh, Bihar, Jharkhand, and Odisha states, Smart Power India (SPI), the Indian subsidiary of Rockefeller Foundation has signed a non-financial and non-commercial memorandum of understanding with Adani Solar. The MoU aims to promote the usage […] Read more
First Solar Q4 FY21 financial results: net sales jump 50% Updated On Thu, Mar 3rd, 2022 by Saurenergy US solar panel manufacturer First Solar has announced its financial results for the fourth quarter and year ended December 31, 2021, reporting net sales worth $0.9 billion for the fourth quarter, an increase of $0.3 billion from the prior quarter. This 50% increase was primarily a result of international project sales and increased module sales in […] Read more
Enphase and Salcomp showcase Make in India partnership for solar microinverters Updated On Tue, Mar 1st, 2022 by Saurenergy Enphase Energy Inc. global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today showcased its India manufacturing unit, set up in partnership with Salcomp—a world-leading company in high precision manufacturing. The Enphase-Salcomp unit has emerged as India’s largest solar inverter manufacturer by numbers with an annual capacity of more than […] Read more
Virescent to acquire Godawari Green Energy’s 50 MW solar thermal plant Updated On Wed, Feb 23rd, 2022 by Saurenergy Godawari Power and Ispat Limited (GPIL) is on the verge of selling its 50-megawatt (MW) solar based thermal power plant to new entrant Virescent Infrastructure Investment Manager in the coming days. The senior leadership has held that the size of the total deal is about Rs 665 crore. The key reason forwarded by the company […] Read more
Icra Predicts Strong Demand for Domestic Solar OEMs with Policy Support Updated On Tue, Feb 22nd, 2022 by Saurenergy Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, […] Read more
MNRE Minister confirms fresh bids to be called for expanded Solar PLI Scheme Updated On Sun, Feb 20th, 2022 by Saurenergy Union minister for Power and Renewable Energy RK Singh has said that the fresh bids will be invited for the setting up of 40,000 MW production capacity for solar modules and cells under the production-linked incentive (PLI) scheme. Finance Minister Nirmala Sitharaman had made an additional outlay of Rs 19,500 crore for the PLI scheme […] Read more
Saudi Arabia’s Bin Omairah to Up Solar Panel Exports to Europe, Africa Updated On Fri, Feb 18th, 2022 by Saurenergy Saudi Arabia’s Bin Omairah Holding has planned to increase the export of its solar panels to capitalise on the expanding markets of Europe and Africa. The exports will be done from the company’s factory operational in the Tabuk region. It has also been learnt that the company has plans to open another plant for solar panels […] Read more
India’s RE Capacity Addition Rose by ~80% in Q3 FY22: CEEW-CEF Updated On Thu, Feb 10th, 2022 by Saurenergy New capacity addition of non-hydro renewable energy increased to 3.4GW during the third quarter of FY22, compared to just 1.9GW installed in the same period last year, according to the latest edition of the CEEW Centre for Energy Finance (CEEW-CEF) Market Handbook. This is nearly an 80% rise in new renewable energy (RE) capacity addition […] Read more
Polysilicon Woes in Solar PV Markets to End Within 18 Months: Rethink Updated On Tue, Feb 8th, 2022 by Saurenergy The solar squeeze of 2021 will be ended by a surge of new polysilicon production capacity coming online in the next two years, according to new research from Rethink Energy. In the paper, Polysilicon Manufacturing forecast to 2030, the research firm outlines how fears that we may have passed the trough of solar costs during […] Read more
