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Gensol Engineering Announces Plan To Raise Rs 600cr

Gensol Engineering Limited, which has seen over half its market cap degrade over the past month today announced that its Board of Directors has approved fund-raising initiatives amounting to Rs 600 crore aimed at significantly enhancing its financial standing. The solar player has defaulted on debt payments, and faces a liquidity squeeze primarily due to […]

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OREDA Issues Tender, Seeking EPC Contractors For PM-KUSUM

Odisha Renewable Energy Development Agency (OREDA) has issued a tender seeking EPC contractors to take up solarisation works under PM-KUSUM scheme. As per the mandate, the state nodal agency is seeking companies who can take up the works under the Component-A of the central government scheme. The OREDA tender said that the contractors need to […]

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Solitech to Begin 2 GW TOPCon Solar Module Manufacturing in Surat

New entrant in the solar module manufacturing business, Solitech has announced commencing the production of TOPCon based solar modules from Surat in Gujarat. The company said that orders have already been placed and work has started to start the production of the modules as soon as possible. Hardik Ramani, Managing Director of the company, said […]

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News In Brief March 13: JSW Neo Energy, REC-Kerala MoU, Magenta’s NorMinc

JSW Neo Energy Acquires Virya Infrapower Signs Agreement   JSW Neo Energy Limited (JSWNEL), a subsidiary of JSW Energy, has entered into a Share Purchase Agreement with Virya Infrapower. Under the agreement, JSW Neo Energy would acquire 100% shares of Virya Infrapower Private Limited, i.e., the target company. Consequently, Virya Infrapower Private Limited has become […]

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NTPC Completes Final Part of 105 MW Shajapur Solar Project

NTPC Green has commissioned a 50 MW unit of Shajapur solar project in Madhya Pradesh, taking the group’s total installed and commercial capacity to 77,461.50 MW, according to the in a BSE filing on Wednesday. “Second and last part capacity of 50 MW out of 105 MW Shajapur Solar Project (Unit-I) in Shajapur Solar Park, […]

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Researchers Find New Way To Boost Solar Cell Efficiency by 35%

Scientists at the University of Oulu, Finland have hinted at new ways to boost the efficiencies of solar cells. The recent findings by the researchers were published in the Advanced Electronic Materials journal. Their latest study advances in understanding the photovoltaic effect in ferroelectric crystals. The research talks about improving the electric output of the […]

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Europe’s Big Battery Hope NorthVolt Files for Bankruptcy Formally

Northvolt, the Sweden based battery maker that many in Europe saw as a future champion, has filed for bankruptcy in Sweden on Wednesday. Northvolt has reportedly raised has raised more than $14 billion, which clearly wasn’t managed too well, as the firm’s bankruptcy filing in the US in November last year demonstrated. “Northvolt has experienced […]

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Fraunhofer ISE Flags ‘Overstatement’ Of Output Claims By Module Manufacturers

A research team from the Fraunhofer Institute for Solar Energy Systems ISE has evaluated over 70,000 power measurements on photovoltaic modules that have been carried out in the institute’s calibration laboratory, CalLab PV Modules, since 2012. In the process, the researchers found that since around 2017, the negative discrepancy between the performance data of the […]

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