Madhya Pradesh allots land for solar manufacturing projects
Madhya Pradesh has received solar manufacturing proposals from Grew Energy, Insolation Green Energy, Premier Energies Global, Saatvik Solar and other companies. Land allotment letters for these industrial units were recently given away by the State’s chief minister.
US doubles solar polysilicon and wafer tariffs on China
The US government has doubled Section 301 tariffs on imported solar polysilicon and wafers from China to 50%. The materials are vital for manufacturing solar panels, from refining polysilicon to assembling modules.
ReNew to delist from NASDAQ
A consortium of ReNew Energy Global promoters including Masdar, CPP Investments, Abu Dhabi Investment Authority (ADIA) and Sumant Sinha has offered to buy out the company’s publicly listed shares.
Waaree Energies, IIT Bombay collaborate to drive perovskite solar R&D
Waaree Energies will support creation of an advanced fabrication and characterization setup for high-efficiency perovskite solar cells at IIT Bombay.
Jakson Green partners Dutch solar desalination company Desolenator
Jakson Green and Netherlands-based Desolenator have partnered to scale Desolenator’s solar desalination technology for deployment in India and other countries, addressing the growing global water challenges.
Marico now meets 67% of its energy requirement through renewable sources
The FMCG major aims to achieve net-zero operational emissions in India (across owned manufacturing units) by 2030 and in global operations by 2040.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Mahindra Susten closes INR 1,448 crore financing for 560 MWp of solar projects
Mahindra Susten has secured a Rupee term loan of INR 1,448 crore from HDFC Bank and Axis Bank for 560 MWp of solar power projects being developed in Gujarat and Rajasthan.
Sinovoltaics updates battery energy storage system financial stability ranking
The latest financial stability ranking keeps Tesla, Mustang Battery, Kung Long Batteries, Hyundai Electric and Eaton, in the top five spots in a report that includes 55 manufacturers.
Reliance Power sets up renewables arm
Reliance Power has set up a new subsidiary, Reliance Nu Energies, for renewable energy business. Mayank Bansal and Rakesh Swaroop, who previously worked with ReNew Power, join Reliance Nu Energies as chief executive officer and chief operating officer, respectively.
