Vikram Solar will manufacture and supply PV modules to NLC India’s project at Khavda Solar Park in Gujarat.
NTPC Ltd has invited bids to develop 250 MW/500 MWh of grid-connected standalone battery energy storage systems at its Gadarwara (Madhya Pradesh) and Solapur (Maharashtra) sites.
Emmvee Group will supply 795.4 MWp of TOPCon DCR modules for NTPC Renewable Energy Ltd’s Khavda solar project in Gujarat.
Renewable capacity addition is expected to remain at around 15-17 GW annually, owing to significant reduction in the module prices over the past 12 months and availability of liquidity.
India has already seen several success stories where innovative financing has empowered MSMEs in the renewable energy sector. For instance, the Indian Renewable Energy Development Agency (IREDA) has launched schemes specifically designed for MSMEs. These schemes offer concessional loans and financial assistance, making it easier for MSMEs to undertake renewable energy projects.
The 482 MW hybrid project, consisting of 383 MW of solar and 99 MW of wind capacity, will come into operation in 2026.
An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.
Lower polysilicon and wafer prices are providing some relief to solar cell and module producers, although the entire supply chain is grappling with excess capacity and intense price competition.
Cliantech Solutions will install a 1.2 GW fully automated solar panel manufacturing line for Alpex Solar’s new facility in Mathura, Uttar Pradesh. Equipment suppliers include Gaorun, Visual, Asicpy, and HSPV.
Taiwanese manufacturer Winaico said its newest bifacial, n-type, glass-glass TOPCon compact modules are available in a 435 W aluminum-framed version, and a 430 W full-black version. The module efficiency is up to 22.30%.
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