Sungrow will supply its 1+X modular inverter solution to the 2.2 GW AC solar plant of the NEOM green hydrogen project. The PV plant is being executed by Larsen & Toubro on an EPC basis.
The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.
Helena Li, president of Trina Solar’s global cell and module business, spoke to pv magazine at the recent SNEC trade show in Shanghai about the PV industry’s oversupply challenge. Li said the company is considering opening a factory in Europe and expressed optimism about future cost and price declines.
India has retained its crown as the most attractive market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index.
Indian developer Amp Energy has secured up to $250 million in growth capital from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China’s Asian Infrastructure Investment Bank (AIIB).
Waaree, India’s largest solar module manufacturer with a 12 GW per year production capacity, has placed the order for a 10 GW line with Jinchen.
Jakson Group has placed the order for a 600 MW PV production line with Jinchen. The fully automated line will be equipped to produce the latest p-type, n-type, and G-12 solar modules in both mono-facial and bi-facial variants.
SC Solar has secured a $41.78 million PV production equipment supply contract from Reliance New Energy Solar Ltd.
The China-based solar tracking and mounting solutions specialist has secured the order to supply 2.8 GW of its SkyLine II single-axis solar trackers for a PV project in the Indian state of Gujarat.
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
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