Page 2 - Solar Industry

Centre slashes solar imports from China as domestic manufacturing thrives

In a departure from global trends, India has recorded a substantial 76 per cent drop in solar module imports from China during the first half of 2023 which reflects New Delhi's resolute shift towards self-sufficiency in solar manufacturing, a new report said on Thursday. Year-on-year, India's solar module imports from China plummeted from 9.8 GW in the first half of 2022 to a mere 2.3 GW during the corresponding period in 2023, the report by global energy think tank Ember said. This strategic shift, coupled with the imposition of tariffs, underscores India's determination to minimise dependency on imports and prioritise the development of its domestic manufacturing capacity. Neshwin Rodrigues, an India Electricity Policy Analyst at Ember, said, "India's dependence on China for solar module imports is well and truly reducing post-2022. Domestic manufacturing is gaining momentum, thanks to recent policy interventions." "As India edges closer to self-sufficiency in solar manufacturing

ITI enters PC segment with SMAASH to compete against multinationals

After the announcement, ITI shares surged 20 per cent to settle at Rs 149.40 apiece - its upper price band as well as a 52-week high level - on the BSE

International finance must take a lead in mobilising solar investments

India's G20 presidency is an opportunity to take steps in reforming international financial systems for climate action

Solar Industries India grabs Rs 212 cr order from ministry of defence

The size of the order is Rs 212 crore, the company said. Homegrown Solar Group is into manufacturing of industrial explosives

Solar Industries to supply UAV 'Nagastra' to Indian Army

Solar Industries Nagpur on Friday said it has bagged an order to supply unmanned aerial vehicle (UAV) 'Nagastra' to the Indian Army, beating competitors from Israel and Poland. A Solar Industries official said with government's initiative to bring Atmanirbharta in ammunition and defence systems, the first indigenous Loiter Munition (LM), Nagastra1, has been designed and developed by Economics Explosives Ltd (EEL), a 100 per cent subsidiary of Solar Industries Nagpur, in association with Z-Motion, Bangalore. A model of 'Nagastra -1' loitering munition was recently displayed in the Army Commanders conference held in New Delhi. The company said that Nagastra -1 having an indigenous content of more than 75 per cent has many world class features. It said that in a 'Kamikaze mode' it can neutralise any hostile threat with GPS enabled precision strike with an accuracy of 2 m. The fixed wing electric UAV has an endurance of 60 min with a man-in-loop range of 15 km and autonomous mode range

Defence, overseas markets to boost incremental growth for Solar Industries

Margins too should move up as the proportion of these segments improves in the revenue mix

Solar manufacturing industry providing 30,000 jobs annually: Govt tells RS

Under solar manufacturing, module and capacity as of date is 11,500 MW, Minister of State for New and Renewable Energy Bhagwanth Khuba said

Govt policy push to put solar manufacturing sector on strong footing: ISMA

The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, which is about 5 times the current cumulative installations

Expiry of safeguard duty: Boon for solar developers, bane for manufacturers

Sector executives feel this would exacerbate the problems of domestic manufacturers of solar cells and modules.

ACME Solar plans to invest $2.5 billion in Oman green ammonia unit

ACME has a pilot at work in Rajasthan for producing green hydrogen and ammonia

Virescent floats first solar InvIT, places 400 Mw assets under pvt trust

InvIT to hold nine solar energy projects of 400 MWp in five states; definitive agreements signed for 76 MWp

ReNew Power Transmission eyes double-digit growth, projects worth $20 bn

The Goldman Sachs-promoted firm started its 'New Ventures' division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects

Solar manufacturers ready to expand if govt gives incentives, curbs imports

Leading the manufacturing expansion is Adani Mundra, which is planning to add another 1 Gw of capacity

Solar industry can't sustain if lowest price policy continues: Ravi Kailas

We need at least over Rs 3 or Rs 3.20 to get viable, says Mytrah Energy Chairman Ravi Kailas

China solar reforms to lower global installation by 9% in 2019: Analysts

Chinese solar power stocks plunge as govt slash subsidy to contain industry size

Solar industry in search of sunshine

Import curbs on Chinese panels and modules may help but low demand and capacity remain problems

'Domestic manufacturing couldn't support current solar generation growth'

Govt needs to reserve capacity to push indigenous manufacturing: Tata Power Solar