Gautam Adani indicted in US for alleged solar-related bribery scheme
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
India on track to hit 132 GW of solar by 2026, says ICRA
ICRA, an Indian credit rating agency, says India could add 22 GW of solar capacity in fiscal 2025 and 27.5 GW in fiscal 2026, pushing the nation’s total installed PV capacity to 131.5 GW by March 2026, up from 82 GW as of March 31, 2024.
Premier Energies to enter aluminum frame manufacturing
Premier Energies, a solar cell and module manufacturer in India, will set up an aluminum frame factory with an annual capacity of 36,000 metric tons for captive consumption.
Tata Power unit commissions 126 MW of floating solar in India
Tata Power Renewable Energy has completed a 126 MW floating PV array in Omkareshwar, India. The installation features 213,460 bifacial glass-to-glass modules.
India’s PV module exports continue to surge
India’s PV module exports surged 23-fold from fiscal 2022 to fiscal 2024, positioning the nation to potentially replace Southeast Asian countries as a top solar exporter to the US market, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.
India may introduce antidumping duties on PV glass from China, Vietnam
India’s Directorate General of Trade Remedies (DGTR) has proposed antidumping duties on solar glass imports from China and Vietnam. It says the landed cost of such imports aew lower than the selling prices and production costs of Indian manufacturers.
Indian state of Rajasthan tendering up to 2 GWh of battery storage capacity
State utility Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) is tendering for 500 MW/1 GWh of standalone battery energy storage systems (BESS) and may allot double that capacity, given sufficient demand.
India sets new record with 17.4 GW of solar in first nine months of 2024
India installed about 17.4 GW of solar capacity from January to September 2024. This included about 13.2 GW from utility-scale PV installations, 3.2 GW rooftop projects and 1 GW distributed offgrid PV capacity.
India’s SJVN allocates 1.2 GW wind-solar hybrid capacity at $0.038/kWh
Datta Infra, EG Energy (Enfinity Global), Gentari Renewables, Juniper Green, and Sunsure Energy have emerged as winners in SJVN’s latest auction for 1.2 GW of wind-solar hybrid capacity.
India adds 12.8 GW of solar in H1
India has installed 12.8 GW of new solar capacity from January to June 2024, according to Mercom India. This includes 11.7 GW of large-scale solar projects, with 3.7 GW of off-site commercial and industrial (C&I) projects, and more than 1.1 GW of rooftop PV installations.
