India eyes 10 GW of ingot-to-module solar factory capacity within two years
Under a production-linked incentive scheme, the government will reward manufacturers for building vertically integrated PV production lines. The scheme aims to attract 10 GW of production capacity by April 2023.
Waaree lithium batteries run electric forklifts at Chennai airport
The energy storage system arm of Waaree Group has designed and developed Lithium batteries to power ACE Ltd’s electric forklifts running at Chennai airport.
The long read: Circular innovations
Slowly but surely, environmental concerns are making their way into mainstream thought throughout the PV industry. A look at recycling offers an example of this, with stakeholders trying to get ahead of the high volumes of end-of-life modules already on the horizon. pv magazine examines the technologies that will be needed, alongside policy and economic support, to keep the bulk of these modules out of landfill and ultimately to establish a circular economy for PV materials.
Union budget: Customs duty rise for solar inverters but modules spared
Imported solar inverters and lanterns will get costlier, as the union budget for the next fiscal year has proposed customs duty increases from 5%, for both items, to 20% and 15%, respectively. The budget, which also incentivizes Indian manufacturing of solar project components whilst giving a helping hand to raw materials, makes no mention of solar cells or panels.
Panasonic to exit solar manufacturing
The Japanese brand will continue to sell third-party-made modules under its brand in its home market, as it already does overseas, but in-house PV wafer, cell and module production will halt by the end of fiscal year 2022.
Electric vehicle transition presents US$266-billion investment opportunity this decade
A new report by government thinktank NITI Aayog and Rocky Mountain Institute (RMI) identifies financing as one of the hurdles for India’s electric mobility transition. It proposes solutions to lower the cost and increase finance for electric vehicles in the nation.
Solar system prices to rise – then fall – in 2021, with another record year anticipated
IHS Markit is predicting the world will add 30% more solar capacity this year.
Battery startup Gegadyne Energy raises INR 33.4 crore from V-Guard
The Mumbai-based battery startup develops advanced nano-material composites to enable quick-charging batteries for electric vehicle (EV), industrial storage, and consumer electronics space.
World could add up to 194 GW of solar this year
Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.
BEL tenders for 2.86 MW of polycrystalline solar modules
Manufacturers have until January 28 to bid for supplying the modules to solar projects in the Akola and Amravati districts of Maharashtra.
