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Solar Power In India
Solar solutions provider Vikram Solar on Monday said it has secured a 336 MW module supply order from L&T Construction for the Khavda solar project in Gujarat. As part of this order, Vikram Solar will supply its advanced Hypersol G12R modules, based on N-type technology, a company statement said. The usage of G12R Modules will enhance the Balance-of-System (BOS) efficiency and help drive down the Levelized Cost of Energy (LCOE), making it more cost-effective and accessible. "We are delighted to contribute to this landmark project. The region holds immense potential for solar energy, and this project will play a pivotal role in harnessing that opportunity. Each project we deliver is a testament to the trust placed in Vikram Solar's technology, performance, and commitment to excellence," said Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar. This latest module from Vikram Solar showcases improved bifaciality (up to 80 per cent), better high-temperature performance ..
The Ministry of New & Renewable Energy (MNRE) on Saturday announced the launch of a Rs 2.3-crore startup innovation challenge with an aim to accelerate rooftop solar installation and renewable energy adoption in the country. This innovation challenge aims to identify and support breakthrough solutions for India's rooftop solar and distributed renewable energy ecosystem, a ministry statement said. It is being implemented under the aegis of MNRE with support from the National Institute of Solar Energy (NISE), and in coordination with StartUp India, DPIIT. According to the statement, the Innovative Projects Start-Up Challenge on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) Technologies was launched during the National Conference on Skill Development for the Renewable Energy Workforce. The challenge seeks applications from innovators and startups in India, focusing on four key categories to boost renewable energy adoption -- affordability, resilience, inclusivity and ...
Solar panel manufacturer Rayzon Solar Ltd is planning to file its draft papers with markets regulator Sebi by the end of the month, as it prepares for about Rs 1,500-crore initial public offering (IPO), people familiar with the plan said on Friday. The Surat-based company has already roped in top investment banks to manage the public offering. According to the people familiar with the plan, the company is looking to raise funds through fresh issuance of equity shares and proceeds are expected to be used for for its expansion plans. An email to Rayzon Solar seeking confirmation of the draft papers filing and IPO details did not elicit a response. The company is considering to enter the public market at a time when the domestic solar manufacturing industry is gaining traction, driven by import curbs, and rising global interest in non-China supply chains. Founded in 2017, Rayzon Solar has emerged as one of the fastest-growing solar PV module manufacturers in the country. As per its .
Engineering solutions provider SEPC on Thursday said it has bagged a Rs 650-crore order to set up solar capacities totalling 133 MW in Maharashtra. The company has received a letter of award from Parmeshi Urja Ltd, Kolkata, for EPC solar power projects at 26 locations in four districts of Maharashtra, it said in a statement. The scope of work involves the design, engineering, supply, installation, testing, and commissioning of plant and equipment, including civil and structural works for a 133 MW Solar Power Project, to be implemented across four districts in Maharashtra -- Sambhaji Nagar, Dhule, Solapur, and Nanded, as per the statement. The project is part of the PM-KUSUM Yojana, a central government scheme aimed at promoting solar energy for agricultural and rural use. The execution timeline is expected to be 12 to 18 months from the commencement date. The total value of the order is Rs 650 crore, the company said. The company is focused on providing turnkey solutions in power,
Union Minister for Renewable Energy Prahlad Joshi urged people on Thursday not to be dependent on the governments for freebies, but to produce their own solar power. Joshi attended a consultative meeting with the consumers, electricity supply company (ESCOM) officials, and people's representatives to discuss Surya Ghar Muft Bijli Yojana here on Thursday. "I will not comment on what the motives were behind the distribution of free power generated using environmentally harmful core sector material. But sustainability in the power sector is going to be the key to a safer future for the country," said Joshi, who is also the Union Minister of Consumer Affairs, Food and Public Distribution. According to Joshi, Surya Ghar Muft Bijli Yojana launched by Prime Minister Narendra Modi on February 15, 2024 aims to provide free electricity to households in India by providing a subsidy to install solar panels on their roofs. The subsidy will cover up to 40 percent of the cost of the solar panels.
Tata Power on Tuesday said its arm Tata Power Renewables Energy has commissioned a 431 MW DC Solar project in Neemuch, Madhya Pradesh. Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India, a Tata Power statement said. This innovative integration has boosted the efficiency of the entire system by over 15 per cent, enabling peak power supply for extended hours, it added. "We are thrilled to announce the successful commissioning of the 431 MW DC solar project in Neemuch," Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Ltd, said. The project contributes to sustainability with an estimated CO2 offset of 7,80,300 tonnes. "This project not only demonstrates the viability of cost-effective solar energy, with a winning bid price but also highlights the potential of sustainable energy solutions to drive India's green energy transitio
Solar rooftop solutions provider Eastman Auto & Power Ltd on Thursday said it plans to achieve a turnover of Rs 10,000 crore by 2025-26 aided by capacity expansion on renewal energy side. The company had posted a turnover of about Rs 3,600 crore in 2023-24, according to a statement. Committed to sustainable and profitable growth, the company plans to achieve Rs 10,000 crore turnover by 2025-26 by investment in building the solar rooftop solutions business alongside mainstay Last Mile E-Mobility Solutions business, Eastman Auto & Power MD Shekhar Singal said in the statement. This goal shall be driven by strategic investments in new power electronics manufacturing facilities for solar inverters (for grid-connected and off-grid solutions), technology partnerships and participation in multiple advanced chemistries for energy storage, he said. To achieve this objective, the company has made some top level changes. The company has appointed Ashok Jain as Chief Finance Officer (CFO)