ALMM expands market for domestic solar manufacturers
The ALMM reinstatement opens up a vast market for domestic solar panel manufacturers by creating a non-tariff barrier for Chinese products. However, for projects and schemes such as PM Surya Ghar: Muft Bijli Yojana which mandate domestic content requirement (DCR), the shortage of domestically manufactured cells could lead to an increase in the cost of DCR modules.
Waaree Energies secures 400 MW solar module supply contract with GIPCL
Waaree Energies will manufacture and supply 400 MW of bifacial solar PV modules to Gujarat Industries Power Co. Ltd’s (GIPCL) project in Gujarat.
BluPine Energy reaches financial close on 120 MW solar project in Gujarat
BluPine Energy has secured debt financing from HDFC Bank to develop a 120 MW solar project in Gujarat.
REC secures JPY 60.5 billion green loan backed by Italian export credit agency SACE
REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
EPC contractors can now submit bids until May 8 to set up 300 MW of solar capacity in the Ramagiri district.
At least 29 countries installed more than 1 GW of PV in 2023
IEA PVPS has published its new “Snapshot of Global PV Markets 2024” report, highlighting key insights and trends. Despite record installations, concerns over profitability and manufacturing dynamics persist, underscoring the need for strategic interventions and policy support to navigate towards a resilient and sustainable PV ecosystem.
GameChange Solar, JZNEE to build 3 GW tracker factory in Saudi Arabia
GameChange Solar, a US-based tracker supplier, has announced the construction of a 3 GW tracker factory in Saudi Arabia, with plans for potential expansion to 5 GW in the future.
ISA to accelerate solar initiatives in Uganda
The International Solar Alliance (ISA) and the government of Uganda recently discussed accelerating the solar mini-grid project to address Uganda’s energy access challenge and advancing the solar water pumping project under the India, Brazil, and South Africa (IBSA) Fund. New areas of cooperation, such as establishing a Solar Technology and Application Resource Centre (STAR-C), were also explored.
India installed 7.1 GW of renewable energy capacity in March
India set new record for monthly renewable energy installation by adding 7.1 GW of renewable energy capacity in March 2024. This monthly RE addition comprised more than 6.2 GW from solar.
Solar power generation in India hit by winter air pollution: Solargis
Solargis data indicates that Indian solar operators have experienced below-average PV panel performance due to air pollution in each of the past five Winters. Northern India experienced the worst air quality in decades this January with data showing a 30-50% dip in solar irradiance due to high aerosol levels.
