Indian solar generators largely unaffected amid Covid crisis, says Fitch Ratings
Liquidity of solar generators remains largely unaffected as they have been receiving payments from Discoms regularly. Azure and Adani Green Energy restricted groups, in particular, have comfortable liquidity position and will be able to meet their mandatory expenditure in the next six to 12 months.
SunSource orders 105 MW of Trina Solar modules with 500W+ output
Trina Solar’s new Vertex series of bifacial modules have a conversion efficiency of up to 21% and can deliver more than 500W of power from the front surface.
Indian Railways tenders 1 GW of ground-mounted solar projects
Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network paying no more than Rs2.71/kWh for the electricity generated under a 25-year contract.
Huawei, Sungrow and SMA dominate global inverter market
Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade.
MYSUN raises Rs 32 crore to scale up rooftop solar business
The Delhi-based end-to-end rooftop solar company is looking to eventually raise Rs 250 crore ($35 million) as it plans to improve its technology infrastructure further, scale up the service offerings, and expand to newer geographies, including parts of Middle East, Asia Pacific and Africa.
India added 1534 MW of rooftop solar in calendar year 2019
China’s Growatt emerged as the largest rooftop solar inverter supplier, claiming around 21% of the 1534 MW market, followed by rivals Solis (18%) and Sungrow (17%).
BHEL tenders solar module supply for VTU, Karnataka
May 4 is the last date to submit bids for supplying 1130 quantities of 72-cell, 330Wp crystalline-silicon solar modules for Visvesvaraya Technological University. The modules are to be delivered within 45 days of the purchase order.
NTPC plans hydrogen buses and cars for Delhi, Leh
The state-owned power producer has invited global Expression of Interest (EOI) for supply of hydrogen fuel cell based electric buses and cars—ten each—for pilot projects in Delhi and Leh. The last date for submission of EOI is May 15.
‘Free-form’ organic PV
French organic PV module manufacturer Armor said it began manufacturing free-form PV modules in early April. The new technology will allow the company’s ASCA PV film to be produced in a range of different shapes.
US investor KKR to acquire 317 MWp of SP Infra solar assets
Marking its second infrastructure investment in India, KKR will acquire Mumbai-based Shapoorji Pallonji Infrastructure’s 169 MWp solar assets in Maharashtra and 148 MWp in Tamil Nadu for a sum of Rs 15.54 billion (approximately US$204 million).
