The Kolkata-headquartered solar manufacturer has filed draft papers with SEBI for its initial public offering (IPO), which comprises a fresh issue of up to INR 1,500 crore and an offer for sale (OFS) of up to five million equity shares by the existing shareholders.
Hanwha Solutions becomes the largest shareholder of REC Silicon and, pending passage of SEMA, commits to a multi-phase, multi-billion-dollar expansion across the full solar energy supply chain.
The Chinese module manufacturer saw its sales and turnover increase significantly in the past financial year. The company said it is benefiting from increasing demand for n-type products worldwide, and also for distributed generation systems, with which higher returns can be achieved.
The G-2X Mono series solar modules boast a reported front and back power conversion efficiency of up to 25.72%.
The PowerPark carport is equipped with 5.6kW of monocrystalline modules and one or more WallBox charging stations for hybrid or electric vehicles. French company Aterno is selling the system, starting from €19,900 – excluding VAT – depending on the project configuration.
Developed by researchers in Spain, the battery uses renewable electricity to melt low-cost metals such as silicon or ferrosilicon alloys to produce and store latent heat, which is in turn used by a thermophovoltaic generator to produce power. According to its creators, the device may store electricity at a cost of €10 per kilowatt-hour for a 10MWh system.
The device is claimed to be an ideal solution for deploying solar arrays on Mediterranean roof architecture.
Elsewhere, Longi will buy 203,600 tons of polysilicon from Chinese Tongwei, and the Chint Group is planning to deploy 1.6GW of distributed solar across four provinces.
The new laminator is suitable for any type of photovoltaic module and is specially designed for glass-glass modules and new applications such as building-integrated photovoltaics (BIPV) and vehicle-integrated solar.
Heliene, a solar panel manufacturer, and UbiQD entered a joint development agreement for light-optimizing, energy-producing modules designed to top agrivoltaic greenhouses.
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