Chiripal Group Proposes Solar Manufacturing Investment in MP Updated On Wed, Apr 20th, 2022 by Saurenergy Gujarat based diversified industrial group Chiripal Group, which has existing interests in textiles, petrochemicals, education, polyfilms and financing, has proposed an investment of Rs 4600 crores in Madhya Pradesh, under MP’s industrial promotion policy. Our understanding is that all the plans involve Gigawatt plus scale of manufacturing. The news comes even as massive solar manufacturing […] Read more
CERC Deviation Settlement Mechanism To Hurt Renewable Players, Says NSEFI Updated On Mon, Apr 11th, 2022 by Saurenergy In a letter to Indu Shekhar Chaturvedi, Secretary, the Ministry of New and Renewable Energy, the National Solar Energy Federation of India (NSEFI), a key developer body of renewable players has flagged major industry concerns on the Deviation Settlement Mechanism for renewable energy as notified by the Central Electricity Regulatory Commission (CERC). The new rules […] Read more
Deferment of ALMM Policy: A much awaited but temporary relief to the solar market Updated On Mon, Apr 11th, 2022 by Saurenergy India had ambitioned to achieve 100 GW of solar installation by 2022. However, as per MNRE, we had achieved only 51 GW of solar by Feb 2022. While we haven’t met the goal, there has been meaningful and significant growth in the overall solar industry. Also, the Government has set a steeper target of 280 […] Read more
April 2022 ALMM List. 10 New manufacturers, 1.2 GW Fresh Capacity Approved Updated On Wed, Apr 6th, 2022 by Saurenergy The Ministry of New And Renewable Energy (MNRE), in keeping with its regular updates to the ALMM list (Approved List of Module Manufacturers), released the newest update to the list on April 5. The updated list has 10 new manufacturers, besides an additional 100 MW capacity for Tata Power and 711 MW for Premier Energies. […] Read more
DISPA recommends keeping C&I projects outside ambit of ALMM List Updated On Mon, Mar 28th, 2022 by Saurenergy In response to a petition filed by the Distributed Solar Power Association (DiSPA), the Delhi High-Court has sought clarification from the Ministry of New and Renewable Energy (MNRE), on the provisions they have made to protect ongoing projects, which could be negatively impacted with the extension of ALMM to projects under open access and net […] Read more
‘Grandfathering’ Of Solar Projects Bid Out Before March 9, 2021 Back on Agenda Updated On Thu, Mar 24th, 2022 by Saurenergy The thorny issue of protecting projects that were bid out before March 9, 2021 subsequent to which the Power and MNRE Minister R.K. Singh announced plans to impose high customs duties on Solar module and cell imports, moved a step closer to a resolution it seems. Mr Singh has confirmed that the MNRE ministry has […] Read more
Auction Winners Bid at Rs 2.29/unit For 500 MW GUVNL solar auction Updated On Thu, Mar 17th, 2022 by Saurenergy In bids that continue to surprise, the Gujarat Urja Vikas Nigam Limited’s (GUVNL) January tender for 500 MW of solar power has attracted a very aggressive set of bids from the 4 winners declared. Fortum (through Alpha Energy- 200 MW), SJVN (100 MW), Hinduja Renewable Energy (120 MW) and UPC Renewables (80 MW) have bid, […] Read more
Kolkata-based solar PV cell maker raises Rs 170 crore Updated On Mon, Mar 14th, 2022 by Saurenergy Kolkata-based Solar photovoltaic (PV) cell manufacturer Jupiter International has raised ₹170 crore from funds managed by wealth management firm Edelweiss Alternative Asset Advisors (EAAA). The funds will be utilised as growth capital to enhance its manufacturing capacity, the Kolkata-based company said on Sunday. The company plans to set up a new greenfield capacity of 2,000 […] Read more
PV Wafer and Cell Prices Continue to rise, as Chinese suppliers continue hikes Updated On Wed, Mar 9th, 2022 by Saurenergy Leading integrated Chinese manufacturer LONGi solar has increased wafer prices for the third time since January, taking wafer prices to fresh highs. That means large cell manufacturers like Tongwei solar have followed with price hikes across cells, especially in the new, more widely used 182 mm and 210 mm sizes. These price hikes, come at […] Read more
