India’s Emmvee Photovoltaic has a 1.25 GW module manufacturing facility that can produce polycrystalline and mono PERC solar panels, with the ability to upgrade to TOPCon. By the end of 2023, it plans to raise its PV module capacity to 3 GW.
Tata Power has signed an agreement to invest $380 million to set up 4 GW of solar cell and module production capacity in the Indian state of Tamil Nadu.
Solar cell and module prices have increased by more than 40% over the last 18 months in India, driven by polysilicon prices. However, bid tariffs have remained lower than what is needed to mitigate the rise in PV module prices. The risk of lower returns is significant for 4.4 GW of projects that have been awarded over the past 18 months, with tariffs below INR 2.2 ($0.028)/kWh.
A 5 MW open-access solar project in the Indian state of Karnataka has become the nation’s first fractionally owned, ground-mount PV plant. Bengaluru-based Pyse is financing the $3.3 million project through its investment platform.
A new report recommends a differential pricing mechanism for pumped-hydro energy storage (PHES) projects in pumping (off-peak operation) and generating mode (peak operation).
Tata Power’s engineering, procurement and construction unit has commissioned a 101.6 MWp floating solar project in the Indian state of Kerala.
India’s Hinduja Group has invested GBP 15 million ($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries.
Ornate Solar’s engineering team designed, engineered and manufactured the new 530 kWp InRoof solar system in India. It serves as the primary rooftop for Pangaea Natural Stone’s factory in the Indian state of Rajasthan.
Tata Power Solar has completed a solar engineering, procurement and construction (EPC) contract for a 66 MW solar project in India, bringing its cumulative utility-scale PV portfolio to 9.7 GWp.
The US multinational will expand the solar and battery energy storage manufacturing capacity at its factory in Tamil Nadu to 9 GW per annum by the end of 2022. The factory manufactures the FlexInverter power conversion solution and the FlexReservoir utility-scale energy storage systems.
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