In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.

Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.

Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.

The prices of domestically manufactured solar cells are 1.5-2 times more than alternatives from China even after basic customs duty. Such high prices can drive up the capital cost of solar power projects by INR 5-10 million/MW and, in turn, tariffs by 40-50 paise per kWh, says CRISIL Market Intelligence and Analytics.

Ashoka Buildcon, HPCL, NHPC, NTPC Green, SJVN, Sun Petrochemicals and Surya International are among companies that have signed memorandum of understanding with the state government for investment in renewable energy

Sterling and Wilson Renewable Energy has secured the contract for engineering, supply (except PV modules) and construction of a 500 MW (AC) solar PV plant in Gujarat. The contract includes comprehensive operation and maintenance support for three years

Madhya Pradesh chief minister Mohan Yadav also dedicated 880 MW Agar and Neemuch solar projects built at a cost of INR 3,520 crore in Agar-Malwa district.

Battery energy storage systems significantly improve the reliability of microgrid power supply, offering a dependable source of electricity for critical services like healthcare facilities and schools.

ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.

A trifecta of cutting-edge products debuted at Hithium’s second Eco Day event held in Beijing.

Researchers in the Netherlands have analyzed the performance of PV façades during the period 2018-2023 and have found that these system may generate more economic value than conventional rooftop PV systems. Their analysis was based on financial, technical and environmental metrics

Waaree Energies will support creation of an advanced fabrication and characterization setup for high-efficiency perovskite solar cells at IIT Bombay.

Netherlands-based Volta Energy has launched a 15 kVA portable solar generator to provide offgrid power equipment for use on construction sites. The system includes solar panels, an inverter, battery, trailer, and a backup bio-diesel generator.

An international research group has developed a light upconversion system that can reportedly improve crystalline silicon solar cell efficiency by up to 0.87%. The technology consists of multilayer nanoparticles that act as near-infrared absorbers across different spectral ranges.

Maharashtra-based construction engineering company Ashoka Buildcon has committed an investment of INR 9,000 crore in setting up a green hydrogen production plant in Bihar.

Neuron Energy, an EV battery manufacturer in India, has partnered with a two-wheeler original equipment manufacturer (OEM) to establish a facility with a capacity to produce 3,000 battery packs monthly with a total energy output of 100 MWh. Over the next two years, the partnership aims to boost this capacity to 150 MWh through an investment of INR 150 crore.

Prices have fallen 7% since August as domestic manufacturing ramps up and the global market contends with product oversupply, said a report from Anza.

Waaree Solar Americas has started trial production of PV modules at its facility in Texas. The facility is set to fully commission its Phase-1 manufacturing capacity of 1.6 GW in the next few months.

India’s solar cell manufacturing capacity will reach 60 GW by FY 2027 from 8 GW as of March 31, 2024. The resultant capacity growth will make India a surplus market, given the annual module requirement of 40-50 GW, necessitating that the domestic players tap the export markets.

Amid record-low prices for solar modules, the focus of cost reduction for utility-scale solar projects is shifting to non-module balance-of-system (BoS) expenses. A transition from 1.5 kV voltage to 2 kV in solar projects is expected to gain traction through 2030.

This is India’s single largest project of solar and battery storage system.

India’s target of achieving 5 million tonnes per annum of green molecule production by 2030 presents an investment opportunity of INR 8-10 trillion across building the infrastructure for electrolyzer production, renewable energy generation and green molecule production.

NTPC Green Energy Ltd (NGEL) has tendered the balance-of-system package for 1.5 GW of grid-connected solar PV projects in Bikaner, Rajasthan.

With the latest win, Acme Solar’s overall renewables portfolio has increased to around 7 GW.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

The sheer scale of solar installations means that ensuring consistency in operations and maintenance practices across the country is no easy task. Moreover, as technology continues to evolve, companies will need to keep up with the latest innovations to stay competitive.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

By offering incentives for green hydrogen production and manufacturing electrolyzers, the government of India is making it easier for players to enter this space and scale up technologies. The focus on public-private partnerships is crucial to this effort, ensuring that both the public sector and private companies collaborate efficiently to make green hydrogen a reality impacting masses.

While solar EPC projects present immense opportunities, they also face challenges that require strategic navigation, including risk management, regulatory compliance, and stakeholder coordination.