Solar module installations could hit 592 GW in 2024
BloombergNEF says the global solar industry will install 592 MW of modules this year, up 33% on 2023. The consultancy has also lowered its estimate for 2024 polysilicon production, as manufacturers are temporarily scaling back output.
SunSource Energy switches on 21 MWp C&I solar project in Tamil Nadu
SunSource Energy has commissioned a 21 MWp solar power plant in the Ramanathapuram district for offtake by commercial & industrial businesses.
Solar industry faces collapse amid surplus and plunging prices
The solar industry is at a crossroads. While demand for PV installations is higher than ever, systemic overcapacity, falling prices, and financial losses across the supply chain threaten to undermine the industry’s long-term sustainability.
Major U.S. corporations embracing community solar
The Coalition for Community Solar Access (CCSA) noted that household names such as Microsoft, Google, Walmart, Starbucks, Rivian, Wendy’s, and T-Mobile are just a few of the Fortune 500 companies that have signed agreements with community solar developers.
ReNew signs 437.6 MW green attribute contract with Microsoft
This contract is expected to generate over one million units of green electricity attributes annually, contributing to Microsoft’s ambition to be carbon-negative by 2030.
JMK expects India to add 21.5 GW of solar this year
India is expected to install 16.5 GW of solar from utility-scale installations, 4 GW rooftop and another 1 GW from off grid component in 2024.
Tata Power Solar partners ICICI Bank for easy financing to residential and corporate customers
ICICI Bank will provide low-cost loans to residential and corporate customers for purchase of Tata Power solar panels.
India installed 15 GW of solar in first half of 2024
India added 14.9 GW of new solar capacity in the six months ending June, breaking all previous half-yearly and annual PV installation records.
Gensol Engineering secures repeat solar order from textile company
Gensol Engineering Ltd has been awarded a 16 MWp rooftop solar EPC project by a textile major. Th project, to be installed in Madhya Pradesh, is a repeat order for Gensol.
Battery storage costs must fall by 15% per year to avoid new coal capacity additions after 2030 in India
If battery energy storage costs fall 15% every year on an average, it would enable India to potentially limit its coal capacity to the 14th National Electricity Plan projection of 260 GW by 2032, says a new report by global think tank Ember and TERI.
