Solar Equipment In India

Ecozen plans to raise $75 mn to fuel growth, increase market presence

Solar solutions provider Ecozen is planning to raise USD 75 million (about Rs 620 crore) to fuel its expansion plan in the domestic and international markets, a company official said. Pune-based Ecozen provides cold storage solutions using clean energy. "We are considering raising a private investment of around USD 75 million to fuel growth, partnerships, and customer financing," Ecozen CEO Devendra Gupta said. The amount raised will be used to expand the company's production facility, enhance product lines, and increase market presence in India and abroad, he said. Gupta said Ecozen has a production facility of 1 lakh sq ft and the company is exploring to diversify into new product ranges across different sectors. "In retail, we've launched advanced freezer solutions, and in the mobility sector, we are leveraging our expertise in motor controllers and battery analytics tools to enhance electric vehicle efficiency and support fleet management. We are also exploring retrofitting ..

Kerala govt launches project to make capital largest solar city in India

A three-day expo was inaugurated by the Kerala government-run ANERT where the public can learn about and buy several solar energy systems

'Strong demand outlook for domestic solar OEMs aided by policy measures'

Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, it stated that timely commissioning and ramping up of ongoing capex in module manufacturing value chain remains a critical factor in the near to medium-term. As a result, adequacy of the modules from the domestic OEMs to meet the demand in utility & non-utility segment as well as quality of such modules remains a monitorable. "The policy focus by Government of India in the renewable energy (RE) sector remains strong as also evident from the policy target of 500 GW of non-fossil fuel-based capacity by CY 2030 as well as policy direction in the energy transition with net zero emission target by 2070," ...

Hold back basic customs duty on solar equipment in Budget: Developers

Solar power developers in the country have demanded that the government should hold back the imposition of basic customs duty (BCD) on solar equipment for the time being in the forthcoming budget.

New duty structure for equipment import, 40% BCD on solar gear: R K Singh

Discoms loan scheme oversubscribed, power rates to fall after new Electricity Act

Govt considers imposing customs duty on solar equipment from August

India does not now levy a customs tax on imports of solar cells and modules, most of which come from China

Govt may extend safeguard duty on Chinese solar power equipment

With India being one of the few major markets seeing a demand for solar power, Beijing would flood the market if safeguards were removed, they have said

Centre assures contracts for local solar equipment makers in govt projects

India's solar power generation capacity has almost quadrupled in nearly four years to about 15 Gw