ReNew Energy’s Q4/FY2022 Financial Results
ReNew Expands Manufacturing Ambitions To Secure Solar Module Supply
Thursday, 16 Jun 2022
Indian renewable energy company ReNew Energy Global Plc increased its revenues and adjusted EBITDA for Q4/FY2022 (period ending March 31, 2022) by 27% and 31.7% YoY, but $174 million charges related to NASDAQ listing widened its net loss to $213 million during the period.
Azure Power Invests In Solar PV Manufacturer
Premier Energies Secures 600 MW/Annum Module Order & Azure Power As 26% Stakeholder
Monday, 13 Jun 2022
Indian renewable energy company Azure Power Global Limited will invest in local solar cell and module maker Premier Energies Group and also source up to 600 MW modules annually for the next 4 years under a module supply agreement.
RE & Power Manufacturing Zone On Pilot Basis
India Invites EOI For A Pilot Manufacturing Zone For Power & Renewable Sector
Thursday, 14 Apr 2022
The Ministry of New and Renewable Energy (MNRE) and the Ministry of Power (MoP) in India have invited proposals to set up a brownfield manufacturing zone for power and renewable energy equipment on pilot basis, to promote local manufacturing.
Vikram Solar Planning IPO In India
Indian Module Producer Files Draft IPO To Fund 2 GW Manufacturing Capacity Expansion
Friday, 25 Mar 2022
Indian solar PV module producer Vikram Solar plans to raise up to INR 15 billion ($196 million) to support its new 2 GW integrated cell and module fab in Tamil Nadu.
India: 36 GW Module Production Capacity
IEEFA & JMK Research Estimate India’s Domestic Solar PV Manufacturing Can Meet 30 GW/Year Need By 2023
Tuesday, 15 Mar 2022
India’s nameplate solar module production capacity as of November 2021 was around 18 GW, and cell capacity 4.3 GW, but factoring in all expansion plans announced by various manufacturers, it can grow up to 36 GW and 18 GW by 2023-end, which they be.
First Solar’s 2021 Financial Results
US Module Maker Suffered Impacts Of Logistical Challenges In 2021; Plans To Sell Japan Project Business
Wednesday, 02 Mar 2022
Module shipment delays due to constraints related to container availability led US based First Solar, Inc to report its full year 2021 shipments at the lower end of its guidance at 7.7 GW, with 1.2 GW of inventory on hand and 675 MW shipments in transit not recognized as revenue.
Saatvik Solar Adds 500 MW Module Capacity
Indian Solar Module Maker Expands Cumulative Annual Production Capacity To 1 GW
Thursday, 10 Feb 2022
Solar module maker from India’s Haryana state, Saatvik Solar has expanded its total annual manufacturing capacity to 1 GW, after it added a 500 MW facility in the state’s Ambala city where it already operates a 500 MW production.
Energy Transition On India’s Agenda In Budget
India Increases Solar PLI Budget From INR 45 Billion To INR 240 Billion Under FY 2022-23 Budget
Wednesday, 02 Feb 2022
Going by the success of its Production Linked Incentive (PLI) scheme for solar PV manufacturing, the Indian government has decided to pitch in with another INR 195 billion investment to support high efficiency solar module production in the country.
Downside Risks To India’s Solar Ambitions
India’s Solar Power Capacity To Grow To 140 GW By 2031, Says Fitch Solutions
Tuesday, 25 Jan 2022
Fitch Solutions Country Risk & Industry Research estimates India’s solar power capacity to grow to 140 GW in 2031 by an annual average of 11% from 59 GW in 2022, but fears supply and demand mismatch if domestic PV manufacturing doesn’t deliver on quantity and quality.
Indian PV Manufacturer To Go Public
Waaree Energies Files Draft Documents With India’s SEBI For IPO
Wednesday, 29 Sep 2021
Indian solar PV module manufacturer Waaree Energies Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to be able to launch its initial public offering (IPO) for further expansion of its production capacity.
CIL Launches RFQ For 4 GW PV Manufacturing
Coal India Limited Launches Tender To Seek Prospective Equity Partners For 4 GW Solar PV Ingot To Module Manufacturing Capacity In India
Monday, 06 Sep 2021
Indian government’s coal mining company Coal India Limited (CIL) has launched a pre-qualification tender seeking to shortlist prospective equity partners to set up 4 GW solar PV ingot-wafer-cell-module manufacturing plant.
First Solar To Build 3.3 GW Thin Film Solar Fab In India
Polysilicon Free Solar PV Production Coming To India: America’s First Solar Plans To Set Up 3.3 GW DC Vertically Integrated Thin Film Solar Module Factory In Tamil Nadu By H2/2023, Pending ‘Satisfactory’ Approval Of Indian Government Incentives
Friday, 30 Jul 2021
US based thin film solar module manufacturer First Solar, Inc. has chosen the state of Tamil Nadu in India to set up a fully vertically integrated PV thin film module facility in the country with 3.3 GW DC nameplate capacity.
Indian Billionaire Wants 4 New Energy Gigafactories
One Of India’s Richest Persons, Mukesh Ambani Led Reliance Industries Limited Announces Plans To Build Integrated Solar PV Module, Energy Storage, Electrolyzer & Fuel Cell Fabs As 4 Gigafactories
Friday, 25 Jun 2021
Diversified Indian business conglomerate Reliance Industries Limited (RIL) has announced its grand plans to build 4 massive gigafactories as part of its New Energy Business strategy, all located in Jamnagar, Gujarat, in a major thrust of the group into renewable energy.
India’s IREDA Seeking Solar PV Module Manufacturers
IREDA Solicits Proposals To Set Up High Efficiency Solar PV Module Manufacturing Capacity Under Production Linked Incentive Scheme
Tuesday, 25 May 2021
A Government of India (GOI) entity, Indian Renewable Energy Development Agency Limited (IREDA) has invited applications to select companies that can set up high efficiency solar PV module manufacturing capacity in the country.
ReNew Power Unveils 2 GW Solar Manufacturing Plans
ReNew Power To Use Monocrystalline PERC & Large Wafer Technology To Develop 2 GW Solar Cell & Module Production Capacity In Gujarat
Tuesday, 18 May 2021
Less than a year after announcing its decision to enter into solar cell manufacturing, Indian renewable energy company ReNew Power said it has chosen Gujarat to develop a 2 GW solar cell and module manufacturing facility (see ReNew Power To Enter Cell Manufacturing).
India Details Production Linked Incentive Scheme For Solar
IREDA Appointed Implementing Agency For Production Linked Incentive Scheme For Solar; MNRE Says Preference To Be Given To Manufacturers Offering To Build Higher Capacities
Friday, 30 Apr 2021
Minimum capacity to bid for by interested solar PV manufacturers under India's PLI Scheme is 1 GW, according to MNRE. Bidders getting higher marks will get preference in allocation of manufacturing capacity.
Coal India Limited Signs Its 1st Solar PPA
World’s Largest Coal Producer Coal India Limited Secures Its 1st Power Purchase Agreement For 100 MW Solar Power With GUVNL
Monday, 26 Apr 2021
Coal India Limited (CIL), the world’s largest coal producer, has secured its 1st solar power purchase agreement (PPA), for a 100 MW solar power plant. It has entered the 25-year agreement with Gujarat Urja Vikas Nigam Limited (GUVNL).
Indian Cabinet Approves PLI Scheme For Solar Manufacturing
Indian Government Approves Production Linked Incentive Scheme For Solar Modules; Offers INR 45 Billion To Boost Domestic Solar Manufacturing To Add 10 GW Integrated Production Capacity
Thursday, 08 Apr 2021
The Union Cabinet chaired by the Indian Prime Minister Narendra Modi has approved the Production Linked Incentive (PLI) program for solar PV modules, reserving an outlay of INR 45 billion ($602 million) for its implementation.
Tata Power Solar Expands Solar Cell & Module Capacity
India’s Tata Power Solar Expands Solar Cell & Module Manufacturing Capacity To 1.1 GW; Lines Compatible With Large Wafer Sizes
Wednesday, 07 Apr 2021
Tata Power Solar, an Indian solar PV manufacturer and a subsidiary of Tata Power, has expanded its annual production capacity to a total of 1.1 GW. The expansion is both for solar cells and modules.
BHEL Seeking Consultant For PV Manufacturing
Bharat Heavy Electricals Limited Soliciting Proposals From Consultants To Prepare Detailed Project Report For Company To Venture Into Solar PV Value Chain Manufacturing, Right From Quartz To Modules
Monday, 22 Mar 2021
The Bharat Heavy Electricals Limited (BHEL) has solicited bids to engage the services of a consultant firm to prepare detailed project report (DPR) for manufacturing in solar PV value chain for the company.
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