China’s solar dominance set to continue amid price slide
With solar module oversupply triggering a price freefall in 2023 and no recovery in sight, market consolidation, inventory pile-up, technology shifts, and challenges to reshoring PV manufacturing are set to affect all levels of the solar supply chain.
Enfinity Global secures $135 million for 1.2 GW of solar, wind power plants in India
US-based Enfinity Global has secured $135 million in long-term financing to advance the development of its 1.2 GW of solar and wind projects in India. The financing is being provided by Canada Pension Plan Investment Board
China’s clean tech dominance threatens global market stability
The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Apple partners CleanMax on rooftop solar projects for its operations in India
Apple has formed a joint venture with CleanMax to set up 14.4 MW of rooftop solar projects to power its operations in India.
Mahindra Susten to set up 150 MW hybrid wind-solar plant
Mahindra Group’s renewables arm Mahindra Susten will develop a 150 MW hybrid wind-solar project for offtake by commercial and industrial (C&I) customers. The total project cost is about INR 1,200 crore.
Ashok Nair to lead Waaree sales and business development in USA
Ashok Nair will lead sales and business development for Waaree Energies in the Americas region.
US solar industry calls for domestic content rules to support manufacturing
A recent report from the Solar Energy Manufacturers for America Coalition (SEMA) shows that with stronger support in the early stages, US module manufacturers would rely less on imports from Chinese-owned companies for materials.
Waaree Solar Americas appoints Gordon Brinser as COO
Waaree Solar Americas Inc has appointed Gordon Brinser, EnerSys’ former vice president of operations, as its chief operating officer.
GameChange Solar to supply trackers for ACCIONA Energía’s 412.5 MWp PV project in Rajasthan
GameChange Solar has secured the PV tracker supply contract for ACCIONA Energía’s new 412.5 MWp solar PV project in Rajasthan. The PV plant is being executed by Waaree Renewable Technologies.
Canada’s SPARQ Systems enters PV microinverters partnership with Jio
Canada-based microinverter company SPARQ Systems has entered into a partnership agreement with JioThings, a fully owned subsidiary of Jio Platforms Ltd. of Reliance Industries, to supply the Indian conglomerate with PV microinverters.
