Battery cell manufacturing in India could attract over $9 billion in investment by 2030, says ICRA
A new report by ICRA says rising electric-vehicle penetration will drive significant investment in battery cell manufacturing in India. It expects EV battery demand in the nation to touch 15 GWh by 2025 and 60 GWh by 2030.
Arctech opens 3 GW solar tracker factory in India
China’s Arctech has opened a 3 GW solar tracker factory in India to deepen its market penetration in the nation. The factory will produce all major components of Arctech solar tracker products.
Avaada to invest $5 billion in green hydrogen, ammonia plant with 6 GW captive renewables in Rajasthan
Ravi Verma, senior executive vice president at Avaada, told pv magazine that the Group would invest $5 billion into setting up an integrated green hydrogen and ammonia plant with 6 GW of captive renewable energy capacity in the state. The green ammonia facility will have a production capacity of 1 million tons per annum.
India’s EV sales to annually surge 49% in 2021-30 period, says IESA
A new India Energy Storage Alliance (IESA) report projects electric vehicle sales to grow by as much as 49% per year to 17 million units by 2030, with electric two-wheelers accounting for almost 88% of total demand.
Bhutan issues tender for 17.3 MW solar park
Bhutan aims to facilitate the construction of its first PV project through a new tender.
Saatvik selects retail distributor for solar panels
Haryana-headquartered Saatvik Solar has appointed Photovoltaic Solar to handle retail distribution of its PV panels in the Indian market.
Adani Solar, Roofsol partner on retail distribution in Maharashtra
Adani Solar, which has 3.5 GW of PV cell and module production capacity, has selected Roofsol Energy as a partner for the retail distribution of its solar panels in Maharashtra.
Global energy storage deployment may hit 500 GW by 2031
Wood Mackenzie said it expects the United States and China to represent 75% of global energy storage demand in a highly consolidated market.
US to extend Investment Tax Credit for solar at 30% to 2032
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
India’s solar report card for FY 2021-22
India installed 12.3 GW of solar in the twelve months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal.
