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Cabinet Approves Second Tranche of PLI Scheme For Solar Module Manufacturing

The second tranche / phase of the Production Linked Incentive (PLI) scheme for the advancement of solar PV modules, with an outlay of Rs 19,500 crore, was approved by the Union Cabinet on September 21. In a press conference held after the Cabinet meeting, Union Minister Anurag Thakur stated that the PLI for the “National […]

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Toledo Solar Announces Investment for Manufacturing Expansion in USA

The US-based solar panel and solar glass manufacturer Toledo Solar has announced the company’s domestic manufacturing expansion plans. Toledo said that enhancing manufacturing capacity is part of its strategic initiative to expand the Perrysburg, Ohio, manufacturing facility to reach 2.8 GW of manufacturing capacity by 2027.This is due to surging demand for solar products and […]

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America’s First Solar Invests up to $1.2 Billion in Scaling Production by 4.4 GW

First Solar, a US-based manufacturer of solar panels, has announced plans to invest up to $1.2 Billion in scaling the production of photovoltaic (PV) solar modules that are made in America and are responsibly produced. By 2025, the investment is expected to increase the company’s capacity to manufacture solar modules built in the US for […]

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Solar Investment Fund SolRiver Capital Invests In Korsail Energy

US-based solar developer, Korsail Energy has announced recently that the company has  received a significant development finance commitment from the US-based renewable energy investment fund SolRiver Capital. According to Korsail, the company will complete its 2 GW worth of solar and storage projects with the help of this investment. Korsail Energy said, “With the help […]

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Iberdrola Commissions Europe’s Largest Solar Plant With 590 MW Capacity

The 590 MW “Francisco Pizarro” PV project in Extremadura, southwest Spain, the biggest solar facility in Europe, has been put into operation by Spanish energy company Iberdrola. This is the largest solar plant installation to be ever built by Iberdrola. The €300 million ($310 million) project is situated between the Cáceres communities of Torrecillas de […]

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Exus Purchases 1GW Solar Power Project In Brazil

Exus Brasil Investimentos – known for making investments in green projects – will be acquiring a solar power project complex worth 1 GW in Brazil from Decal Renewables and Upside Value. The solar portfolio actually consists of 20 different solar projects in Piauí. The transaction will take place through acquisition of shares of Riacho da […]

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Assam To Invest Rs 10,000cr For 2000 MW Solar Power

The Assam government has decided to produce 2,000 MW of solar power with an investment of Rs 10,000 crore. Chief Minister Himanta Biswa Sarma has said that the capacity will be added in the next three years. Assam wants to add 2000MW solar through two projects. The state will form a joint venture with centre-owned NLC India. It […]

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First Solar To Supply 2.4 GW Solar Modules To Intersect Power

US-headquartered First Solar, has announced entering into an agreement to supply 2.4 GW of thin film solar PV modules to Intersect Power. The modules are scheduled to be delivered from 2024 to 2026. According to Intersect Power, the modules will be deployed in its solar, storage, and green hydrogen projects coming online across the USA […]

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