Vikram Solar Powers Up NTPC's Mega Solar Project in Gujarat!
Vikram Solar
lights up the future with a landmark deal! Here's a breakdown:
- Massive Order Secured: Vikram Solar has clinched a significant 397.7 MWp module supply order for NTPC Renewable Energy Limited.
- Powering Gujarat's Clean Energy Ambitions: These modules will be a key part of NTPC's colossal 1,255 MW Khavda Solar Project in Gujarat.
- High-Performance & Domestically Made: Vikram Solar will supply bifacial DCR modules with a minimum capacity of 540 Wp, adhering to stringent quality standards.
- Partnership for a Greener Future: This collaboration bolsters India's solar energy goals and Vikram Solar's commitment to domestic manufacturing.
Vikram Solar lights the way! This project strengthens India's clean energy push and showcases domestic solar manufacturing prowess.
Solar Wafer Woes: Price Plunge Raises Concerns for Producers!
Storm clouds gathering over solar wafer producers? Here's a look at the latest developments:
- Prices Plummeting: FOB prices for solar wafers in China have experienced another significant decline this week.
- Mono PERC M10 and N-type M10 wafers saw a week-on-week drop of 2.58% and 8.81%, reaching $0.189 and $0.176 per piece respectively.
- Similar Story for G12 Wafers: Mono PERC G12 and N-type G12 wafers also witnessed price decreases of 0.76% and 2.18%, priced at $0.261 and $0.269 per piece.
- Producer Profits Under Pressure: The falling prices raise concerns about the profitability and survival prospects of solar wafer manufacturers, particularly smaller players.
Sunny skies turn cloudy? The solar wafer price slide could impact the industry's health.
Open-Access Solar Shines Bright! Top Developers Powering India's C&I Growth
The Indian C&I sector is embracing clean energy, and these developers are leading the charge! Here are the key takeaways from Mercom India's Open Access Solar Developers Leaderboard 2024:
- O2 Power Takes the Lead:
O2 Power
secured the top spot, accounting for 11% of the total open-access solar capacity added in CY 2023.
- Strong Contenders: Continum Green Energy and
CleanMax
Enviro Energy followed closely behind, contributing significantly to the growth.
- 2023 Installations Up: Open-access solar installations in India reached 3.2 GW in CY 2023, reflecting a 5.7% increase compared to 2022.
- C&I Focus: Open access solar empowers businesses to reduce their reliance on traditional energy sources and benefit from cost savings.
Who's powering India's C&I sector? These developers are at the forefront of the open-access solar boom!
Farmers Power Up! Govt Plans National Portal to Boost Solar Pump Installations
Great news for Indian farmers! The government is revving up efforts to get more solar pumps into fields:
- National Solar Pump Portal on the Horizon: Inspired by the success of the PM Suryaghar Muft Bijli Yojana, the government is drafting a plan for a national portal dedicated to solar pump installations.
- One-Stop Shop for Solar Pumps: This portal is expected to streamline the process for farmers, connecting them directly with vendors across the country.
- Similar Subsidy Structure: The plan involves integrating state subsidies with the existing 30% central subsidy offered under the PM-KUSUM scheme.
- Solar Power for Irrigation: Wider adoption of solar pumps can significantly reduce electricity costs for farmers and promote sustainable irrigation practices.
Empowering our farmers! A national solar pump portal could be a game-changer for India's agricultural sector.
American Solar Shines Bright! First Solar Takes Global Crown
The US solar industry scores a big win! Here's why First Solar is making headlines:
- US Takes the Lead: For the first time since 2018, a US company,
First Solar
, has become the world's most valuable solar power producer.
- Chinese Rivals Stumble: Profit-squeezing price wars and trade barriers are impacting leading Chinese solar manufacturers.
- First Solar's Advantage: They focus on thin-film solar panels and sell them primarily in the US, where prices are higher due to tariffs on Chinese products.
- Market Cap Matters: First Solar's market capitalization surpassed its Chinese competitors, solidifying its top position.
First Solar lights the way! This shift highlights the growing strength of the US solar industry.
