Germany’s solar market faces price wars, consolidation
A series of inquiries to residential PV installers has revealed a tough consolidation phase in Germany’s solar installation market. With an increasing number of installers offering solar arrays at very low prices, competition is intensifying as companies vie for fewer orders.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
The Hydrogen Stream: Rolls-Royce, TCS collaborate on hydrogen research programme
Tata Consultancy Services (TCS) has expanded its partnership with Rolls-Royce to research hydrogen fuel system technology for enabling use of hydrogen in aviation.
JSW Energy secures LoAs for 500 MW solar plus storage, 300 MW solar projects
JSW Neo Energy, an arm of JSW Energy, has received a letter of award from Solar Energy Corp. of India Ltd for setting up a 500 MW solar power project along with 250 MW/500 MWh of energy storage systems. It has also secured a 300 MW solar power project from Karnataka Renewable Energy Development Ltd.
Tesla lands 15.3 GWh Megapack supply contract
Tesla has received a giant order from U.S. developer Intersect Power, equating to around 165% of the total battery energy storage systems it deployed in Q2 2024, which saw the highest quarterly deployment in the company’s history to date.
Ohmium opens second electrolyzer gigafactory in India
The 2 GW factory, expandable to 4 GW, is located just outside of Bengaluru. It will produce hyper modular proton exchange membrane (PEM) electrolyzers to meet the growing demand for green hydrogen from customers in India and around the world.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
Elastocalorics could replace heat pumps, air conditioning systems
Elastocalorics have the potential to replace current air conditioning and heating systems, offering significant energy savings when paired with technologies such as photovoltaics.
SECI concludes 1.2 GW/1.2 GWh solar, storage tender with average price of $0.041/kWh
Acme Solar Holdings, Hero Solar Energy, JSW Neo Energy and Pace Digitek Infra have emerged winners in Solar Energy Corp. of India’s tender for setting up 1.2 GW solar with 600 MW/1.2 GWh energy storage capacity.
Karnataka launches 100 MW/130 MWh solar-plus-storage tender
Karnataka Renewable Energy Development Ltd (KREDL) is accepting bids to set up a ground-mounted grid-connected 100 MW AC solar PV plant along with 130 MWh battery energy storage system in the Kalaburgi district of Karnataka.
