Canadian Solar Concall Highlights Global Concerns for Large Solar Manufacturers Updated On Mon, Nov 22nd, 2021 by Saurenergy Canadian Solar Inc.’s CEO, Shawn Qu speaking at an analyst concall after its Q3 numbers expressed confidence in the growth of solar market as a result of ‘real action, globally in the sector’. The firm saw its manufacturing division recover well after Q2, even as its projects division lagged. On revenues of $1.23 billion, the […] Read more
Aker, Hanwha, REC to Explore US Solar Value Chain Expansion Updated On Thu, Nov 18th, 2021 by Saurenergy Aker Horizons ASA’s wholly owned subsidiary Aker Horizons Holding AS has entered into an agreement with South Korea’s Hanwha Solutions Corporation and REC Silicon ASA. Hanwha Solutions will acquire 21,891,275 shares in REC Silicon from Aker Horizons and will subscribe for 48,213,001 new shares in REC Silicon through a private placement in REC Silicon. Both […] Read more
Sungrow Showcases Tech Innovations at Mexico’s Solar Trade Show Updated On Fri, Nov 12th, 2021 by Saurenergy Sungrow, an inverter solutions supplier for renewables, showcased a comprehensive product portfolio covering utility and C&I PV and energy storage solutions at Solar Power Mexico, a solar energy trade show, on November 9th through the 11th. The Mexican market is supported by low solar prices and is ripe with opportunity as solar grows. Mexico has […] Read more
Has Punjab Scored A Self Goal With Its Talk Of Renegotiating Solar tariffs? Updated On Mon, Nov 8th, 2021 by Saurenergy News Reports of the government of Punjab contemplating renegotiation of solar power rates for pre 2016 projects paint a strange picture. While the reports quote the view of Punjab government sources that the difference in rates between then and now is too high to be allowed, they don’t mention the fate of the other state […] Read more
Andhra Energy Minister Iterates Plans To Purchase of 7000 MW of Solar Power Through SECI Updated On Mon, Nov 8th, 2021 by Saurenergy Andhra Pradesh energy Balineni Srinivasa Reddy has repeated his government’s plans to procure 7000 mega watts (MW) of solar power from the Solar Energy Corporation of India (SECI) to ensure free power to 18 lakh farmers for nine hours until 2046. That would seem to imply supplies starting this year for the next 25 years. […] Read more
56% Solar Projects Planned for 2022 at Risk due to Mfg Cost Hike: Rystad Updated On Fri, Oct 29th, 2021 by Saurenergy The earliest estimates on the impact of price volatility and rising costs on solar projects worldwide are finally coming out, and the news is not good. The surging cost of manufacturing materials and shipping could threaten 50 gigawatts (GW) – a staggering 56% – of the 90 GW of global utility PV developments planned for […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
GESCL Invites Bids for 60 MW Solar Projects in Gujarat Updated On Wed, Oct 27th, 2021 by Saurenergy The Gujarat State Corporation Limited (GESCL) has invited bids from interested contractors for the design, engineering, supply, procurement, installation, and commissioning of 60 MW solar photovoltaic grid-connected power plants, including their operation and maintenance for 5 years, around various substations of GETCO of Bhachau Taluka in Kachchh District, Gujarat. The deadline for bid submission is […] Read more
NTPC REL Invites EoI for 15 GW of Solar Modules Updated On Wed, Oct 20th, 2021 by Saurenergy NTPC Renewable Energy Limited (NTPC REL) has invited an Expression of Interest (EoI) from domestic manufacturers for providing approximately 15 GW of solar modules upto a cumulative period of minimum five years. The last date to submit the EoI is November 8, 2021, the responses will be opened on the next day. The sourced modules […] Read more
