India

First Solar Inc. secures USD 1 billion revolving credit facility from JP Morgan Chase Bank to finance expansion in India, Alabama, and Ohio. Facility enables company to open 3.4-GW DC production facility and R&D center, aiming to have over 20 GW DC of factories in 2026.

Avaada Energy has closed a USD 1.3bn funding round, the largest equity raise for a green energy firm in Asia. Canada's Brookfield Asset Management and Thai power company Global Power Synergy have invested significantly, to be used for green hydrogen, green methanol, green ammonia projects and more. Recent tenders won by the firm amount to 1.8 GW. Sustainable future ahead with Avaada.

Tata Power Renewable Energy Limited (TPREL) revealed on Monday the commissioning of a 110-MW solar energy plant in Bikaner in the Indian state of Rajasthan.

Indian solar panel producer Saatvik informed Solar Power World it is exploring alternatives to open a 1.5-GW panel manufacturing plant in the United States. Saatvik currently supports a 1.5-GW plant in Haryana, India (that must broaden to 3 GW by September 2023), and is also developing a brand-new 2.5-GW panel and cell center in Gujarat, India.

India's cumulative mounted sustainable generation capacity reached 125.2 GW at the end of March 2023, with over half of it originating from the solar market, which is forecast to add some 18 GW during the current year, JMK Research says in a new report.

By keeping significant supplies, enPossibilities will certainly bridge the gap between the availability of solar inverters' as well as the demands of solar installers and EPC players throughout the country.

A unit of Tata Power Renewable Energy Ltd (TPREL) has actually authorized a power purchase agreement (PPA) with Tata Power Trading Co Ltd (TPTCL) in regard to the planned building and construction of a 200-MW/280-MWp solar power plant in the Indian state of Rajasthan.

In an essential meeting of the company, it was determined to develop 13 solar plants in 8 mining areas of Singareni. The DPRs of the solar projects were gone over in the conference and also it was chosen that message approval from the board, tenders will certainly also be issued.

The company is developing a grand 'Amara Raja Giga Corridor' in which it will certainly produce lithium cells with a capacity of upto 16 GWh and also battery packs of upto 5 GWh. Originally it will construct facilities that will serve as an innovative energy research study and also advancement center called 'Amara Raja E +Ve Energy Labs.'

Indian solar module maker Navitas Green Solutions Pvt Ltd, likewise called Navitas Solar, has increased USD 5 million (EUR 4.5 m) to support its plan to expand its production capacity to 1.7 GW, it said on Friday.

The company notifies that with included generator connection as well as control functions, the inverter works as a totally independent power centre to fulfill the specific requirements southern African domestic and also C&I markets, where power outages have actually become an everyday routine. Solar inverter maker Ginlong (Solis) Technologies, is readied to launch its new S6 Advanced Power Hybrid Inverter, specifically for South Africa. It will be revealed at the Solar Show Africa 2023 in Johannesburg from April 25 to 26.

The firm intended this project in a water body on the premises of Dabok Mines in the district.

The report stated that the development of the automotive sector in Indonesia, Vietnam, Mexico, Thailand, as well as India is anticipated to drive the sector.

The new energy transition platform of India's diversified energy as well as facilities company Jakson Group on Tuesday boasted orders to construct more than 1 GW of renewable resource projects throughout India, Africa and the Middle East.

India saw a spike in solar tender announcements in the first quarter of 2023, while auction activity went down, according to data from Mercom India Research last week.