Page 4 - Solar Energy

India imposes 5-year anti-dumping duty on Chinese, Vietnamese solar glass

India has imposed an anti-dumping duty of up to USD 664 per tonne on imports of a certain type of solar glass from China and Vietnam for five years in a bid to protect domestic manufacturers from cheap imports from these two countries, according to a government notification. The duty was imposed after the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) recommended for the same after conducting a detailed probe on the dumping of 'Textured Toughened (Tempered) Coated and Uncoated Glass' from China and Vietnam. Commonly used in solar panels, these glasses are also referred to as Solar Glass, Low Iron Solar Glass, Solar PV Glass, High Transmission Photovoltaic Glass, and Tempered Low Iron Patterned Solar Glass. It has concluded in its findings that there is a substantial increase in the volume of dumped imports of the glass from these countries in absolute and relative terms. "The anti-dumping duty imposed under this notification shall be effective f

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit

Reliance Power's NU Suntech secures SECI contract to develop Asia's largest single-site solar-plus-battery project, with Rs 10,000 crore investment and 930 MW capacity

FinMin prods banks to speed up rollout of Pradhan Mantri Surya Ghar scheme

PMSGMBY is a solar energy scheme for both rural and urban households

Vikram Solar bags 150 MW solar module supply deal from Maharashtra Power Co

Vikram Solar on Wednesday said it has secured a 150 MW solar module supply order from Maharashtra State Power Generation Co Ltd. The leading solar PV module manufacturer in a statement said it has bagged an order for a major renewable power project of 150 MW from Maharashtra State Power Generation Co Ltd (MAHAGENCO), a government of Maharashtra undertaking. The company will provide 150 MW of advanced N-Type Modules. The modules will be supplied in the districts of Jalgaon and Solapur in the state of Maharashtra to MAHAGENCO under Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) project 2.0. The order reinforces the Kolkata-headquartered company's standing as one of the premier names in India's Approved List of Models and Manufacturers (ALMM) list, the statement said. "We are proud to have secured this order, which marks another step forward in our mission to power a greener India through high-efficiency solar solutions. The trust placed in Vikram Solar is a reflection of our commitm

Burnt by BluSmart: Gensol meltdown puts solar energy solutions at risk

Startups supported by venture capitalists and private equity investors accept large cash burns and running losses, so long as there's high growth rates

Rajasthan govt sets sights to become energy surplus, says minister

According to the plan, the state government aims to produce 30 gigawatts (Gw) of solar power by the end of the financial year 2025-26 (FY25)

India targets 160 GW solar module capacity by 2030: NSEFI CEO

This leap would represent a doubling of the current module capacity of approximately 80 GW in 2025 and a significant rise in cell production capacity - set to increase eightfold

Solex Energy FY25 revenue rises 80% to Rs 665 cr in FY25, aims expansion

Solex Energy on Thursday reported a revenue of Rs 665 crore for FY25, marking an increase of over 80 per cent over the preceding fiscal. The company had garnered a revenue of Rs 368 crore in the 2023-24 financial year, it said in a statement. Approximately 22 per cent of the company's revenue comes from the EPC business, while the remaining portion is generated from the module business, the company said. It has reported a revenue of 665 crore, which is 80 per cent higher year-on-year (y-o-y), the company said. The company's Chairman & Managing Director (CMD) Chetan Shah said, "As we approach our 30th year in the industry, we remain dedicated to accelerating India's clean energy transition and expanding our global footprint." The company is bullish on the growing renewable energy market in India and has already announced a multi-crore investment plan under its vision 2030 strategy, he said. Gujarat-based Solex Energy has plans to increase its module manufacturing capacity from 1.5

Mandating storage for rooftop solar may backfire without clarity

Solar's daytime-only output is well-known, and using storage to get power during other periods, especially the evening peak, seems like an obvious solution

We are building the complete solar supply chain: Indosol CMD Reddy

He said the company plans to build an ancillary supply chain, claiming to be the first in the country to do so

Jindal India Renewable Energy gets LoA for 300 MW solar project from NHPC

Jindal India Renewable Energy on Monday said it has secured a Letter of Acceptance for a 300 MW solar plus storage project from state-owned NHPC. The project is to be executed on a Build-Own-Operate (BOO) basis within 24 months from the signing of the Power Purchase Agreement (PPA), the company said in a statement. The project is part of NHPC's 1200 MW inter-state transmission system-connected solar power projects tender with 600 MW/1200 MW energy storage systems. An Energy Storage System (ESS) of 600 MW/1200 MW means 600 MW of battery energy can provide power backup for two hours, giving a total output of 1200 MW, it said. Jindal India Renewable Energy (JIRE) has bagged the 300 MW capacity at a tariff of Rs 3.09/kWh (kilowatt hour). NHPC will enter into an agreement with JIRE for a period of 25 years. The Navratna company will purchase solar power from JIRE and sell it to state utilities and others. JIRE is part of the BC Jindal Group which has over the period grown from a steel

Study projects loss in India's solar power potential due to air pollution

India's capacity to generate solar power could fall by 600-800 gigawatt-hour before mid-century due to air pollution and climate change, a study has projected. The researchers from the Indian Institute of Technology (IIT), Delhi, found that northern, western and southern power grids -- where most solar parks are currently located -- will experience significant challenges in maintaining performance due to climate change. Pollutants in the air can absorb and scatter sunlight, thereby lowering the intensity of the sun's radiation reaching the earth's surface. Further, generating solar power relies heavily on weather and climate, and is, therefore, vulnerable to the effects of climate change. The findings, published in the journal Environmental Research Letters, "highlight the need for combined climate and pollution mitigation efforts to boost India's photovoltaic potential and secure a sustainable, resilient energy future". Despite being endowed with abundant solar resources -- India

BP seeks to sell 50% of solar unit to strategic partner, bids due in June

London-listed BP is planning asset sales and partnerships as part of a broader plan to address investor concerns. The energy group wants to cut costs and improve its return on investments

All 17 municipal corporations to become solar cities: UP CM Yogi Adityanath

CM Yogi highlighted the state government's efforts toward environmental conservation and sustainable urban development

Rooftop installations under PM Surya Ghar cross 1 mn mark: Pralhad Joshi

Over 1 million households have been solarised under the PM Surya Ghar: Muft Bijli Yojana so far, Union Minister for New and Renewable Energy Pralhad Joshi said on Tuesday. The PM Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a vision to supply solar power to one crore households by March 2027. "India achieves a historic milestone in solar energy! Under the visionary leadership of PM @narendramodi ji, the @PMSuryaGhar Muft Bijli Yojana has empowered 10 lakh homes with solar energy, driving a new era of sustainability, affordability, and self-reliance," Joshi said in a post on X. As per MNRE, as of March 10, 10.09 lakh installations have been completed across the country. Launched by Prime Minister Narendra Modi in February 2024 with a budget outlay of Rs 75,021 crore, the initiative aims to provide free electricity to households by facilitating the installation of rooftop solar panels. The scheme,

India adds record 25 GW of solar capacity in 2024, says Mercom report

Solar capacity addition more than doubled to 25.2 gigawatt (GW) in 2024 as developers raced to complete delayed projects, Mercom Capital said. The country added 8.3 GW of solar capacity during 2023, the US-based research firm said in its latest report. "Commissioning of a significant capacity of previously delayed projects drove capacity additions in 2024," Mercom India Solar Market Update report said. According to Mercom, large-scale solar projects (including solar open access) accounted for more than 87 per cent of the total capacity additions, while rooftop solar contributed nearly 13 per cent. Installations under the open access model comprised over 31 per cent of the large-scale solar capacity additions. Rajasthan, Gujarat, and Maharashtra led the large-scale solar installations in 2024, accounting for around 32 per cent, 27 per cent, and 8 per cent of the capacity additions, respectively. "India's solar sector saw record-breaking installations in 2024, but the numbers coul

Solar manufacturers seek duty protection on imported ingot, wafer

The Indian Solar Manufacturers Association (ISMA) has demanded imposition of safeguard duty on import of polysilicon, ingot and wafer to help protect the domestic solar manufacturing industry from dumping and boost local capabilities. Sunlight is converted into electricity through a process called photovoltaics (PV). This involves several key components working together to harness the energy from the sun. At the core are solar cells, which are made from silicon. These are grouped together and mounted on a solar panel or module which captures sunlight and converts it into direct current (DC) electricity. According to ISMA, India is already self-sufficient in module manufacturing, helped by duty protection measures. Also, significant cell capacities are under ramp-up and the country will be self-sufficient by FY27 in cell manufacturing. "Need of the hour is to shift focus towards capital and energy intensive upstream manufacturing which is currently dependent on China with heavy ...

Vikram Solar to set up 1 GWh solid-state battery plant, expand to 5 GWh

The integrated solid-state battery manufacturing facility plans to scale up to 5 GWh, reinforcing India's push for energy storage and self-reliance

Hindustan Power to invest Rs 620 cr in solar, battery projects in Assam

Hindustan Power has signed an agreement with the Assam government to invest Rs 620 crore to set up solar and battery storage projects. The investment will drive the development of a 100 MW solar power plant alongside a battery energy storage system, the company said in a statement on Monday. The company said it will invest Rs 500 crore for the solar plant and another Rs 120 crore for the battery storage facility. "Hindustan Power was the first company to develop a large solar power plant in Assam in 2016, and the company remains committed to driving the state's journey of growth in the new era of renewable energy," the company's chairman Ratul Puri said. Hindustan Power is an independent power producer with a global portfolio of renewable and transitional electricity generation assets.

Adani Green raises $1.06 bn for debt refinance, first since US indictment

Adani Green Energy Ltd had earlier shelved its planned $600 million bond offering in November 2024 following the US indictment of key executives, including Chairman Gautam Adani