Solar Industry

“Making Components In House Gives us a Huge Advantage Over Competitors”

Rydot Infotech, a Gujarat based firm which also offers a solar monitoring solution has tasted success with its offerings. Riding the solar wave in India, the role such monitoring devices can play in better maintainance and consequently productivity and returns is vital. Rydot’s ‘Radiant’ offering is seeking a high growth in the coming quarters. We […]

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A PLI Scheme For Inverters Could be a Game Changer for India

For Fimer India, ever since it completed its acquisition of ABB’s Solar Inverter business in March 2020, it has been all about building on it in India. Present in the country since 2010, it’s not like the firm was not known brand in India. Just that they are suddenly in the top tier, with plans […]

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Measuring Solar Irradiation in Africa: A case for change

This report sheds light on how solar production estimates are made, the specific challenges faced in estimating solar irradiation in Africa today, and the negative consequences CBE has seen as a result of inaccurate estimates. By highlighting this issue, we aim to begin a broader conversation about how to raise the C&I industry standard for […]

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Meyer Burger to Expand into Solar Roof Tiles, Acquires Related IP

Meyer Burger Technology AG is planning to expand its portfolio to include a roof-integrated high-performance solar system, which can be easily installed like traditional roof tiles. Thun-headquartered mechanical engineering company, Meyer Burger Technology AG develops and produces systems with which solar cells can be manufactured and electrically connected. To accelerate the product launch, the firm […]

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TSEC Begins Trial Production of New 500 MW Solar Cell Line in Taiwan

TSEC, a Taiwan-based solar cell and module manufacturer, has announced the beginning of its trial production of a new 500 MW solar cell line at its Yuanjing factory in Taiwan. The company has said that the new line is currently operating with an annual capacity of 400 MW. It is expected to produce cells with wafers […]

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Canadian Solar Secures EUR 50 Million For Project Development in EMEA

One of the leading solar PV module manufacturers, Canadian Solar Inc. has announced securing a Euro 50 million bilateral corporate facility with Banco Santander, S.A. The facility will support growth at Canadian Solar’s Global Energy business as it executes and expands on its project development pipeline in Europe, Middle East, and Africa (EMEA) region, and […]

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Sri Lanka To Purchase 75% Equipment from India For India-funded Projects

Recently, we reported that India extended a USD 100 million Line of Credit (LOC) to Sri Lanka for various solar energy projects. Now, for those solar projects, Sri Lanka will purchase the equipment and materials from India itself. That USD 100 million LOC is a 15-year loan of a fixed rate of 1.75% and that […]

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US Solar Capacity Surpasses 100 GWs with 58% Electricity Generation

The US solar market has surpassed the 100 gigawatts (GWs) of installed electricity generation capacity, which marks the doubled size of the industry over the past 3.5 years, says a report entitled ‘U.S. Solar Market Insight Q2 2021’. According to the report released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the solar […]

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Aurora Solar Raises $250 Million to Digitize Solar Installations

Funding Round Led by Coatue Signals Market Interest in the Growing Solar Industry Aurora Solar, the industry’s leading software platform for solar sales and design, today announced it has closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures, and Fifth Wall. In just over two years, Aurora […]

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