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Hero Future Energies Secures 600 MWp Solar Module Order
Indian solar module maker Emmvee Photovoltaic Power Pvt has secured a contract from Hero Future Energies (HFE) to supply up to 600 MWp of solar modules for its projects in India. The deliveries will be spread out over two years, although the financial details of the deal were not disclosed. HFE's Global CEO, Srivatsan Iyer, highlighted the importance of the agreement in managing cost and supply-chain uncertainties amidst global challenges.Emmvee currently has a module manufacturing capacity of over 3 GWp and is expanding with a new 1.5-GWp cell line set to launch soon. In addition to the recent deal with HFE, Emmvee was also chosen by KPI Green Energy to provide modules for a 240-MW solar PV plant in Gujarat, India earlier this year.
What is the significance of Emmvee securing a 600 MWp contract with HFE?
The 600 MWp contract with HFE is a significant milestone for Emmvee, showcasing the company's growing presence in the Indian solar market.
The deal will help HFE in meeting its renewable energy targets and expanding its solar projects in India.
Emmvee's expanding manufacturing capacity, with a new 1.5-GWp cell line set to launch soon, will enable the company to fulfill the requirements of the contract with HFE.
The agreement with HFE adds to Emmvee's portfolio of projects, including the 240-MW solar PV plant in Gujarat, further solidifying its position in the renewable energy sector.
The partnership between Emmvee and HFE highlights the importance of collaboration in managing cost and supply-chain uncertainties amidst global challenges in the renewable energy industry.
May 27, 2024 // Manufacturing News, solar module, Hero Future Energies, Emmvee Photovoltaic Power
Power performance body eyes 1.5 GW of dispersed solar within 13 months
intends to release 1.5 GW of decentralized solar energy plants throughout India by the end of March following year, according to a record in The Economic
Feb 26, 2020 // Plants, Large-Scale, Commercial, India, Asia, EESL, Saurabh Kumar
Radiance Renewables Obtains 152 MW Solar Roof Properties of Azure Power
makes it one of the biggest such deals in the rooftop solar properties area in India, catapulting Radiance among leading bracket solar rooftop players in the
Apr 5, 2021 // Rooftop PV, Azure Power, Ranjit Gupta, Dhanpal Jhaveri, ebersource capital, manikkan sangameswaran, Radiance Renewables, rooftop solar portfolio, solar buyout, Solar Deal
Waaree Finishes 300 MW Production for United States Order
over 3-GW solar panels to day worldwide and commissioned solar EPC projects in India and also Southeast Asia. The company had actually completed 2020-21 with a
Jul 27, 2021 // Manufacturing News, Markets & Finance News, India, Asia, Sunil Rathi, Westlands Solar Park, Waaree Energies
Websol Energy to establish 1.8 GW solar cell as well as module facility
a concern rate of Rs 105. In its declaring to the National Stock Exchange of India Limited, the firm held that the shares will be issued to its marketer, Websol
Jul 4, 2022 // Manufacturing News, solar cells, solar modules, PERC, topcon, India Max Investment Fund, SEBI, Websol Energy System, Websol Green Projects
Indian federal government set to axe e-reverse auctions for renewables projects
recently (14 July) by The Economic Times India, the step has been called necessary to reverse the pattern of artificially low tariffs bring about unhealthy
Jul 19, 2022 // Policy, India, pv power plants, auctions, Asia, mnre, renewable auctions, bidding, electronic auctions, reverse auctions
Avaada Expands Solar Manufacturing with New 1.5-GW Factory
India's Avaada Group has commenced the construction of a 5-GW solar cell and module manufacturing facility in Uttar Pradesh, marking a significant expansion in its renewable energy capabilities. This development underscores Avaada's commitment to bolstering India's solar manufacturing infrastructure and aligns with the country's broader renewable energy goals.In addition to the new construction, Avaada has also inaugurated a 1.5-GW solar module factory in Uttar Pradesh. This facility is expected to enhance the company's production capacity and support the growing demand for solar energy solutions in India. Avaada's initiatives are pivotal in advancing India's transition to sustainable energy sources.
How is Avaada Group expanding India's solar manufacturing capabilities in Uttar Pradesh?
Strategic Location: Avaada Group's choice of Uttar Pradesh for its solar manufacturing facilities is strategic, leveraging the state's robust infrastructure and skilled workforce to optimize production efficiency and logistics.
Job Creation: The establishment of these facilities is expected to generate significant employment opportunities in the region, contributing to local economic development and providing jobs in manufacturing, engineering, and related sectors.
Technological Advancements: Avaada is incorporating cutting-edge technology in its manufacturing processes, which will enhance the efficiency and quality of solar cells and modules produced, positioning India as a competitive player in the global solar market.
Supply Chain Development: By expanding its manufacturing capabilities, Avaada is strengthening the domestic supply chain for solar components, reducing reliance on imports, and fostering the growth of ancillary industries in India.
Sustainability Goals: These initiatives align with India's national goals to increase renewable energy capacity, contributing to the country's target of achieving 450 GW of renewable energy by 2030 and reducing carbon emissions.
Investment in R&D: Avaada is likely investing in research and development to innovate and improve solar technology, which can lead to more efficient and cost-effective solar solutions, further driving the adoption of solar energy in India.
Partnerships and Collaborations: The expansion may involve collaborations with international and domestic partners, facilitating technology transfer and knowledge sharing, which can enhance the overall capabilities of India's solar industry.
Government Support: Avaada's projects are likely benefiting from supportive government policies and incentives aimed at promoting renewable energy, such as subsidies, tax benefits, and favorable regulatory frameworks.
Community Engagement: Avaada is expected to engage with local communities, ensuring that its operations are socially responsible and contribute positively to the surrounding areas through initiatives like education and skill development programs.
Mar 10, 2025 // Manufacturing News, India, Asia, PV module, Avaada Group
Waaree Energies Secures Major 1-GW Solar Module Order
Energies Ltd, India's largest solar photovoltaic modules manufacturer, has announced a significant order for up to 1 GW of solar modules from an undisclosed
Dec 10, 2024 // Manufacturing News, India, Asia, solar module, Waaree Energies
Ciel & Terre completes floating solar plant at Indian airport
solar specialist Ciel & Terre has completed its first FPV plant in India through its local subsidiary.
The 450kWp project uses Hydrelio float
Oct 23, 2019 // Plants, Large-Scale, Commercial, Floating PV, India, floating PV, Asia, kerala, Ciel & Terre, fpv, cochin, cial, airport
Trina protects 105 MW order for its 500 W components
panel manufacturer Trina Solar has actually revealed it will certainly supply Indian solar as well as storage space project developer SunSource Energy with 105 MW
May 4, 2020 // Manufacturing News, Markets & Finance News, India, China, Asia, Trina Solar, Helena Li, Vertex bifacial modules
Azure Power sees Indian solar pipeline swell following SECI choice
will currently provide 4GW of utility-scale solar to be created anywhere in India, under 25-year tolls with SECI at a price of INR2.92 (US$ 0.039) per
Jul 24, 2020 // Markets & Finance News, UTILITY-SCALE SOLAR, PPA, India, SECI, Asia, large-scale solar, Azure Power, Ranjit Gupta, ists
Adani Green Secures Power for 8GW of Solar Projects
three years ago. This includes a 25-year contract with Solar Energy Corp. of India for the remaining 1.8 gigawatts of projects.
The deal marks a shift among
Dec 27, 2023 // Markets & Finance News, Adani Green Energy
World's largest photovoltaic power stations
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2,245
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The planned capacity of 2,245
Oct 14, 2024
Riding the Sun- Solar Inverter Market Outlook Report
with several gamers jostling it out for market share and also leadership in India. As the world's fourth largest market, the prize is well worth the effort for
Jul 17, 2020 // Inverters, Market Research, India, Asia
New York's KKR Invests in Hero Future Energies in $450 Million Transaction
Hero Future Energies is a leading independent power manufacturer (IPP) in India with a diversified portfolio of 1.6 GW of operating solar and wind
Sep 20, 2022 // Markets & Finance News, green hydrogen, Hero Future Energies, Independent Power Producer, KKR, Hero Group, net zero emission goals