India’s solar module exports hit $1.1 billion in April-October period
India’s solar module exports surpassed $1.1 billion in value in the April-October period of the current 2023-24 fiscal year.
Indian electrolyzer incentive scheme draws 21 bidders
The Indian government’s production-linked incentive (PLI) scheme for electrolyzer production has received an overwhelming response, with bids for 2.28 times the capacity that will actually be awarded.
Adani Green Energy sets up new subsidiaries
Adani Green Energy has established two new units, Adani Renewable Energy Fifty One and Adani Renewable Energy Fifty Five.
India’s solar panel imports hit $1.13 billion in first half of fiscal 2024
India’s solar panel imports in the first half of fiscal 2024 surpassed the total value imported for all of fiscal 2023.
India’s installed PV capacity expected to hit 104 GW by March 2025
Currently, India has an installed solar power of around 73 GW, according to ICRA. New solar capacity additions in fiscal year 2024 and fiscal year 2025 are estimated at 17 GW and 20 GW, respectively.
India’s Alpex Solar preparing IPO in Mumbai
India’s Alpex Solar has filed a draft prospectus for an initial public offering (IPO) on the NSE Emerge trading platform in Mumbai. It plans to use the net proceeds to expand its PV panel capacity from 450 MW to 1.2 GW and set up an aluminium frame manufacturing unit.
EKI Energy, IndianOil to jointly promote indoor solar cooking system
EKI Energy Services says it will oversee the production, marketing, installation, and after-sales services of “Surya Nutan,” an indoor solar cooking system designed and patented by IndianOil. The initiative will be supported by carbon finance.
India’s Goldi Solar, Waaree Energies secure module supply orders
Goldi Solar has agree to supply its HELOC PRO series of 545 Wp PV modules to Engie India, while Waaree Energies has agreed to provide more than 200 MW of solar modules to IRCON Renewable Power.
India’s SECI launches tender for 400 MW of solar modules
Solar Energy Corp. of India Ltd. (SECI) has started accepting bids to supply 400 MW of domestically manufactured solar modules built with made-in-India cells. The modules must be rated a minimum of 540 W each. Bidding ends on Dec. 23.
India’s Bluebird Solar announces 2 GW module capacity expansion plan
Delhi-based Bluebird Solar, which currently operates 400 MW of annual panel manufacturing capacity, says it will ramp up capacity to 1.2 GW by March 2024 and to 2 GW by March 2025.
