Adani moves to allay fundraising fears
Following the indictment of its chairman, Gautam Adani, in the United States over bribery allegations, questions are being asked about Adani Group’s ability to raise capital. With the charges related to solar, India’s PV industry has wider concerns. Adani Group refutes the allegations and says it is as robust as ever.
Borosil Renewables posts INR 8.64 crore net loss in Q3
The solar glass manufacturer said all of its major export markets are showing lower demand due to low level of local manufacturing as cheap modules imported from China dominate the installations.
ABB Q4 profit up 54% year-on-year
ABB has reported a profit after tax of INR 532 crore for the Oct-Nov-Dec period of 2024, up 54% as compared to the same period in CY 2023.
Gujarat seeks consultant for 14.2 GW of pumped storage projects, tenders 110 MW floating solar EPC
Gujarat State Electricity Corp. Ltd (GSECL) is looking to assess the feasibility of 14,210 MW of pumped storage projects across 16 locations in Gujarat. It has also tendered EPC of 110 MW floating solar in the state.
Andhra Pradesh launches 500 MW/1,000 MWh battery storage tender
NHPC Ltd has launched a tender for selection of developers to set up standalone battery energy storage systems for an aggregate capacity of 1,000 MWh ((500 MW x 2 hours) under the viability gap funding (VGF) scheme in Andhra Pradesh. Bidding closes on March 17.
Premier Energies secures orders for solar modules worth INR 1,234 crore
Premier Energies Photovoltaic has received two domestic orders aggregating to INR 1,234 crore for supply of solar modules.
Cliantech Solutions secures module line deals with Cosmic PV Power, Veda Solar
Cliantech Solutions has signed deals to supply and set up 3.1 GW of solar module manufacturing lines, including 1.6 GW for Cosmic PV Power and 1.5 GW for Veda Solar.
Sineng Electric supplies central inverters for ArcelorMittal Nippon Steel’s RE project in Andhra Pradesh
Sineng Electric supplied 184 units of its 3.3 MW central inverter (EP-3300-HB-UD), delivering a cumulative capacity of 606 MW AC.
Ensuring ESG compliance in steel: A blueprint for a sustainable future
By embracing environmental responsibility, social equity, and strong governance, steel manufacturers can not only meet the demands of today’s market but also pave the way for a more sustainable and ethical tomorrow.
Army Solar building 3 GW TOPCon module factory in Surat
Army Solar, PV manufacturing arm of Army Looms and Textile Co., plans to start production from its 3 GW TOPCon solar PV module manufacturing facility by the end of April.
