Vikram Solar IPO oversubscribed 1.52 times on strong retail demand
Vikram Solar’s initial public offering (IPO) was 1.52 times subscribed on its first day, with strong demand from retail and non-institutional investors, following anchor investments of INR 6.208 billion ($75 million) and support from major mutual funds and global banks.
Waaree reviews terms in $95 million Enel Green Power India acquisition
Waaree Energies says its planned acquisition of Enel Green Power India is still under discussion, with some commercial terms under review, rejecting media reports that the deal is collapsing.
Indian scientists build near-infrared transparent inverted perovskite solar cell with 16.5% efficiency
The team produced a 16.53% inverted 1.08 cm2 perovskite solar cell using atomic layer deposition to apply a buffering layer of tin oxide to prevent electrode sputtering damage.
Indian entrepreneur invests $15.8 million to expand PV production
Indian entrepreneur Nikhil Kamath has invested INR 1.375 billion ($15.8 million) in Gujarat-based Goldi Solar to expand its PV module production.
SAEL Industries signs PPAs for 880 MW of solar projects in India
SAEL Industries has signed 25-year power purchase agreements (PPAs) for 480 MW of solar projects in Gujarat and 400 MW in Punjab. The projects, priced at INR 2.56 ($0.029)/kWh and INR 2.97/kWh respectively, are scheduled to begin operations within 24 months of signing.
First attempt to build lead-free perovskite-CIGS tandem solar cells
Indian researchers simulated a novel pairing of a CsGeI3 lead-free halide perovskite top cell with a copper-indium-gallium-selenide bottom cell. The resulting tandem device has the potential to achieve a power conversion efficiency of 26.06%
Redington, Websol partner on small solar kits for Indian rooftops
Redington has partnered with Websol Energy System to launch 2 kW to 10 kW solar kits for homes and small businesses, combining high-efficiency modules with inverters and balance-of-system (BoS) components.
The Hydrogen Stream: Oman launches green hydrogen auction
Oman has opened its third green hydrogen auction, with state-backed Hydrom offering new investment opportunities for qualified developers in the country’s expanding hydrogen sector.
Jakson Green secures 85,000 MT green ammonia at record-low INR 50.75/kg
Jakson Green secured 85,000 metric tons (MT) per year in Solar Energy Corp. of India’s (SECI) sixth green ammonia auction at a record-low INR 50.75 ($0.58)/kg, marking the lowest bid to date.
Indian state opens 2 GWh of battery storage bids with viability gap funding
Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RRVUNL) has opened bids for standalone battery energy storage systems (BESS) totaling 2,000 MWh (500 MW x four hours) in India, supported by viability gap funding to connect to the regional transmission grid.
