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solar manufacturing capacity

Solar’s Next Big Challenge- Sustainable Growth

It has been an abiding mystery how many business journalists, for all the knowledge they collect on their preferred sectors, usually ignore the financials of the firms they track. Relationships with firms, especially if they are not publicly traded, tend to be at an arm’s length, with information supplied on a need-to-know basis. The solar […]

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SAEL Gets $132Mn from NDB, AIIB, Others for AP Solar Project

SAEL Solar MHP1, a subsidiary of SAEL Industries Ltd.,  has secured debt finance amounting to US$132 million from three global financial institutions — Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale. SAEL Solar MHP1 would use the funding to develop a solar power project in Andhra Pradesh. Each institution has committed […]

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Waaree Solar Americas Gets 586 MW Global Order Worth $176 Mn

Waaree Solar Americas, a subsidiary of Waaree Energies, has received an international order for 586 MW of solar modules, the company said in a regulatory filing. The $176 million order was placed by a prominent U.S.-based developer and owner-operator of utility-scale solar and energy storage projects, the company added. Waaree Solar Americas secured the order […]

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Saatvik Green Energy Marks 10 Years In India’s Solar Sector

Indian solar module manufacturer Saatvik Green Energy Ltd (SGEL) on Wednesday marked its 10th anniversary, highlighting a decade of operations in the country’s clean energy sector. Founded on May 29, 2015, as Saatvik Green Energy Pvt Ltd, the company was incorporated under the Companies Act, 2013. It transitioned to a public limited company in September […]

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Andhra Pradesh: Bondada Wins 2 GW Solar Allocation

Hyderabad-based Bondada Engineering received a Government Order (GO) from the Andhra Pradesh Energy Department for the allocation of 2,000 MW AC / 2,600 MWp DC solar power, the company said in a regulatory filing. It added that the capacity was secured for these projects at various locations across the Ananthapuramu and Sri Sathya Sai districts. […]

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Andhra: Nextracker Signs 305 MW Solar Project With ReNew

United States (US)-based solar tracker company Nextracker has recently signed a 305 MW solar project with ReNew Private in Anantapur, India. Nextracker has contracted for over 10 GW of annual manufacturing capacity in India, besides establishing an R&D centre for excellence in Bengaluru. The firm competes with most of its global peers in the Indian […]

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AD/CVD On Solar Imports From SE Asia Confirmed In US, Batteries Next In Target

The U.S. International Trade Commission has finally made an affirmative determination in its antidumping and countervailing duty (AD/CVD) investigation concerning silicon solar cells and panels from Cambodia, Malaysia, Thailand and Vietnam. That means it has confirmed that US industry is harmed by imports from these markets, leading to the next step, ie  Customs and Border […]

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Australia’s Residential Storage Boom Portends The Next Solar Trigger In India As Well

Australia is among the frontrunners in the recent surge of energy storage that the world is witnessing. Needed in order to support the robust renewable energy growth and the changing energy industry dynamics. The home / residential battery market, in particular, is experiencing significant growth in Australia, with a recent surge in demand attributed to […]

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ACME Solar Commissions 112.5 MW at Sikar Solar Project

ACME Solar Holdings Ltd has commissioned an additional 112.5 megawatts (MW) at its solar power project in Sikar, Rajasthan, taking the total operational capacity at the site to 165 MW out of a planned 300 MW, the company said. The second-phase commissioning, completed on May 19, follows an initial 52.5 MW commissioned earlier this month. […]

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