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First Solar, Fiserv Sign Tax Credit Transfer Pacts Under Inflation Reduction Act

First Solar, a solar technology company entered into two separate tax credit transfer agreements (TCTAs) between Fiserv, Inc. and First Solar. These agreements were made to sell $500 million and up to $200 million, respectively, of 2023 Inflation Reduction Act (IRA) Advanced Manufacturing Production tax credits to Fiserv, Inc. The agreement is subject to satisfaction […]

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Solar Inverter Manufacturer Growatt Reflects on Success Stories in 2023

Solar inverter manufacturer Growatt has cemented its global reputation as a residential inverter supplier. The firm is also making progress in C&I and large-scale PV plants, strengthening its position among the world’s top four PV inverter suppliers. Here is a recapitulation of the year 2023 that saw Growatt won several laurels… Awards  Growatt received multiple […]

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Solalite Power & ACME Take Home Highest Capacity in NTPC 1500 MW Wind-Solar Tender

NTPC Ltd. has recently finalized a highly competitive bidding process for wind-solar hybrid power procurement in Tranche-1 (ISTS), open for development anywhere in the country. The tender, boasting a capacity of 1,500 MW, culminated in a reverse auction held on December 27, 2023. The initial L1 tariff was set low at INR 3.35 per kilowatt-hour […]

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SECI Looks for Agency to Forecast 10 MW Solar Plant at DRDO

Solar Energy Corporation of India (SECI) has released a tender for the selection of agency for the generation forecasting and load forecasting work at DRDO for 10 MW solar PV power plant. It will also include coordination with Bangalore Electricity Supply Company (BESCOM), Karnataka Power Transmission Corporation Limited (KPTCL). The last date for submission of […]

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SUCRL Seeks Land Aggregators for Solar Park of 700 MW Capacity

SUCRL (Saurya Urja Company of Rajasthan Limited) has issued a tender for the development of a 700 MW solar park on private lease land in any of the location of the four districts, that is, Bikaner, Barmer, Jaisalmer and Phalodi and in the vicinity area of upcoming ISTS grid substation. The last day for the […]

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The Success Story of Solar Lighting in Rural Landscapes

By Shashank Donthi, CEO of Hynetic Electronics Solar lighting in rural landscapes have gained popularity and extensive deployment in India due to their eco-friendly nature and cost-effectiveness. These lights harness solar energy during the day using photovoltaic panels and store it in batteries for illumination during the night. India’s rural communities form the foundation of […]

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Hinduja Renewables & SJVN Among Winners in GUVNL’s 500 MW Solar Tender

SJVN has secured a 100 MW solar power project through e-reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The firm bagged the quoted capacity of 100 MW solar project at the tariff of ₹2.63/unit on Build Own and Operate basis through a tariff based competitive bidding process of GUVNL. Hinduja Renewables has won […]

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JinkoSolar Becomes The First PV Firm To Get SBTi Validated Net-Zero Targets

Global solar module manufacturer JinkoSolar has now become the first solar PV firm globally to get its net-zero targets validated with SBTi (Science Based Targets initiative). SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science.  Additionally, it is the second company in mainland China […]

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