LG Electronics to Exit Global Solar Panel Business Updated On Wed, Feb 23rd, 2022 by Saurenergy LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea, follows a comprehensive review of the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business, the company has said in a statement. Although […] Read more
Icra Predicts Strong Demand for Domestic Solar OEMs with Policy Support Updated On Tue, Feb 22nd, 2022 by Saurenergy Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, […] Read more
Global Solar PV Wafer Market To Grow By 73.71 GW By 2026 Updated On Mon, Feb 21st, 2022 by Saurenergy Research firm Technavio predicts a strong growth for the global solar wafers market. The firm expects the solar photovoltaic wafer market to grow by 73.71 gigawatts from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 14.80% during the forecast period. This is a period when many markets, especially […] Read more
MNRE Minister confirms fresh bids to be called for expanded Solar PLI Scheme Updated On Sun, Feb 20th, 2022 by Saurenergy Union minister for Power and Renewable Energy RK Singh has said that the fresh bids will be invited for the setting up of 40,000 MW production capacity for solar modules and cells under the production-linked incentive (PLI) scheme. Finance Minister Nirmala Sitharaman had made an additional outlay of Rs 19,500 crore for the PLI scheme […] Read more
Rooftop Solar Installation Price to Rise Until 2023: GlobalData Updated On Fri, Feb 18th, 2022 by Saurenergy Those striving to improve their carbon footprint by installing rooftop solar panels during the pandemic missed out on what has been over a decade-long annual price drop, according to GlobalData. The data and analytics company found that the price of panel systems dropped every year between 2013 and 2020, after which COVID-19-related supply chain disruption […] Read more
Saudi Arabia’s Bin Omairah to Up Solar Panel Exports to Europe, Africa Updated On Fri, Feb 18th, 2022 by Saurenergy Saudi Arabia’s Bin Omairah Holding has planned to increase the export of its solar panels to capitalise on the expanding markets of Europe and Africa. The exports will be done from the company’s factory operational in the Tabuk region. It has also been learnt that the company has plans to open another plant for solar panels […] Read more
China’s sunset on wind and solar subsidies could impact climate change efforts: IFFRAS Updated On Wed, Feb 16th, 2022 by Saurenergy International Forum for Rights and Security (IFFRAS) – a Canada based think tank – has reported that the renewables’ expansion that has been in full flow in China can see a reversal. In 2021, China finally ended many subsidies on solar and wind energy. This will discourage the use of cleaner sources of energy and […] Read more
IIT Bhubaneswar Develops Low-Cost Mobile Solar Pump for Farmers Updated On Wed, Feb 16th, 2022 by Saurenergy Building on a 2017 grant from the state government of Odisha to build a technology driven support for farmers in the state, IIT Bhubaneswar has come up with a state-of-art solar pump that is not just economical, but also with added mobility feature to support farmers in distant locations. SO far, IIT Bhubaneswar has delivered […] Read more
Fraunhofer ISE Settles Solar Patent Infringement Cases Out of Court Updated On Mon, Feb 14th, 2022 by Saurenergy The Fraunhofer Institute for Solar Energy Systems ISE, based in Germany, has reached out-of-court settlements with inverter manufacturers in seven patent infringement cases to date. The sued companies from China, Taiwan and Germany had infringed the patent on the HERIC® topology invented at the Institute in 2002, said Fraunhofer ISE. The HERIC® (Highly Efficient and Reliable […] Read more
