Silfab Solar says that it has invested $150 million in a new manufacturing operation in South Carolina. It has also released new residential and commercial solar panels.
Tata Power’s greenfield 4.3 GW solar cell and module manufacturing plant in Tamil Nadu is expected to start PV module production by the year end.
India’s National Investment and Infrastructure Fund and the U.S. Development Finance Corp. will provide up to $500 million each to anchor a $1 billion fund to support the deployment of renewable energy projects in India.
The renewable energy technology action platform will initially focus on green and clean hydrogen, wind energy, long-duration energy storage, and exploration of geothermal energy, ocean/tidal energy and other emerging technologies.
Indian manufacturer Navitas Solar has collaborated with US-based Sustainable Equity and Colby Solar to set up a module factory named Navitas Solar USA by Colby with a manufacturing capacity of 1.2 GW per annum.
C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India.
India exported solar PV cells and modules worth INR 8,440 crore in FY 2022-23. USA was the top destination with a 97% share.
India’s Epsilon Advanced Materials will invest $650 million to set up a graphite anode processing facility in the USA. The facility will produce high-capacity synthetic anode materials for electric vehicle (EV) batteries.
India’s Vikram Solar and New York-based private equity firm Phalanx Impact Partners and investment advisor Das & Co. have formed a joint venture to establish 4 GW of ingot-to-module manufacturing operations in the USA with a planned investment of up to $1.5 billion.
A staggering 62% of inspected projects in USA were identified to have critical or major issues in a report by HelioVolt.
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