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Sungrow Raises US$ 400 Million to Strengthen Core Solar Business

Chinese PV inverter manufacturer Sungrow has announced that it issued 120 million additional shares—raising US$400 million of additional capital to strengthen it solar core business. With this new stock offering, the company is expected to reinforce its financial strength, reduce financial risk, and optimize its financial structure. The US$400 million raised in equity capital will […]

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“It is not a cup of tea for any manufacturers to produce an inverter which can run for decades without problem” Luke Lu, Director for Indian Business, Sungrow

A number of companies are integrating photovoltaic inverter and storage technologies. How its cost implication compared to the output efficiency is affecting a change in various types of installations? Inverter is the heart of any solar PV system. It is highly a technology oriented product. It certainly needs an expertise to produce a highly efficient […]

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News In Brief Jan 31: Torrent Power, EU’s Cross-Border Energy Infrastructure, Meta, Zelestra Agreement

Torrent Power Commissions 300 MW Solar Project In Gujarat Torrent Power Limited subsidiary, Torrent Saurya Urja 2 Private Limited (TSU2) has received a certificate from the Gujarat Energy Development Agency certifying the commissioning of a 300 MW solar project w.e.f. December 15, 2024. The Gujarat Energy Development Agency-certified solar power plant has come into full […]

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As India Goes Past 100 GW Solar Milestone, No Time To Rest

If ever there was a better use of the term turning point, inflection point, or simply the year when everything fell into place, 2024 would probably come the closest for the Indian solar market. These 365 days proved to be a harbinger of several good news for the different stakeholders in the industry, including solar […]

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Tesla’s Shanghai Energy Storage Plant Begins Trial Production

US automobile company Tesla’s Shanghai energy storage Megafactory recently began trial production.The new plant is dedicated to manufacturing Megapacks, Tesla’s energy-storage batteries, with mass production expected to commence fully in the first quarter of 2025, Tesla China told Xinhua. The Megafactory is the first of its kind that Tesla has built outside the United States. […]

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Global Non-Chinese Inverter Firms Seek Protection Against Chinese Dominance

China’s solar demand doubled in 2023, driving significant growth in PV inverter supply. Similar to the solar PV sector, Chinese inverter manufacturers are emerging as the dominant force in the global inverter market, accounting for over half of global shipments. Since 2022, the top 5 ranks in the global inverter shipments have also been taken […]

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Ranthambore’s Agrivoltaics Plant Generated 6L Units In 1 Yr

Nahargarh Ranthambore, a palace-turned-hotel near Ranthambore which roped in agrivoltaics solar plant to offset its energy needs produced 6 lakh units of clean power in the last one year, the management of the hotel said. Situated amidst the lush forest of Ranthambore Tiger Reserve, the hotel earlier sought to reduce the carbon footprint to zero […]

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Solis Leads Globally In Residential Solar Inverters

Solis (Ginlong Technologies), a global leader in solar inverter technology, has announced that it has received the #1 ranking position in global residential inverter shipments, as reported in the latest Wood Mackenzie inverter market share report for 2023. This represents a significant rise from Solis’ previous standing as the world’s third-largest PV inverter manufacturer across […]

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