Indian renewable energy independent power producer ReNew Power has narrowed its net loss in Q3 FY23 year-on-year, while there was an increase in total income due to expanded operating capacity.
Adani Solar, the solar PV manufacturing and research arm of the Indian conglomerate Adani Group, has produced India’s “first” large sized monocrystalline silicon ingot.
India installed more than 12GW of solar PV in the financial year 2022 (FY2022) but this is expected to soar to more than 20GW in FY2023 as the country looks to accelerate its solar deployment, according to JMK Research.
The World Bank has approved US$165 million in additional financing to support 450MW of rooftop solar deployment in India and make distributed generation systems in the country more affordable.
India installed 3GW of solar capacity in the first quarter of the year, a 50% increase from Q1 2021, according to a new report from research firm Mercom India Research.
Chinese inverter manufacturer Sungrow has inaugurated a 7GW expansion to its solar inverter factory in India, taking the facility's production capacity to 10GW.
India’s Production Linked Incentive (PLI) scheme is expected to add up to 40GW of additional cell and module manufacturing capacity in the country as it operates in tandem with the country’s upcoming Basic Customs Duty (BCD), according to Indian rating agency ICRA, a Moody's Investors Service company.
The National Solar Energy Federation of India (NSEFI), which represents companies from across the PV value chain, has written to the Indian central government raising concerns about the upcoming imposition of a Basic Customs Duty (BCD) of 25% on solar PV cells and 40% on solar PV modules.
Indian state-run hydropower company SJVN is planning to deploy 10GW of solar PV in Rajasthan over the next five years through a INR50,000 crore (US$6.7 billion) investment.
