SUBSCRIBE NEWS LETTER

solar manufacturing

SB Energy Order Fresh 1.5 GW Solar Modules from First Solar in USA

SB Energy Global has said that it has placed an order for 1.5 GW ultra-low carbon thin-film solar modules necessary for it’s 4GW solar and storage development projects in the United States. The modules will be sourced for multiple years from First Solar, the largest manufacturer of thin-film modules in the US. SB Energy Global […]

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First Solar Q4 FY21 financial results: net sales jump 50%

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 […]

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Enphase and Salcomp showcase Make in India partnership for solar microinverters

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 […]

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Assam Considers Setting Up Solar Plants in Tea Estates & Factories

Assam tea industry is looking at various ways and means to set up solar projects in the plantation areas and in the barren lands available inside the estates. An interactive meet titled “Opportunities of solar power plants in tea estates and tea factories” was organised on Friday at the Guwahati Tea Auction Centre premises. At […]

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LG Electronics to Exit Global Solar Panel Business

LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea, follows a comprehensive review of the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business, the company has said in a statement. Although […]

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Virescent to acquire Godawari Green Energy’s 50 MW solar thermal plant

 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 […]

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Icra Predicts Strong Demand for Domestic Solar OEMs with Policy Support

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, […]

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MNRE Minister confirms fresh bids to be called for expanded Solar PLI Scheme

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 […]

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Saudi Arabia’s Bin Omairah to Up Solar Panel Exports to Europe, Africa

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 […]

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