solar-modules

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First Solar Q2 Profit Doubles on Higher Module Shipments

U.S.-based First Solar‘s second quarter (Q2) 2024 net income rose 104.8% to touch $349.4 million from $170.6 million last year, primarily driven by higher module...

July 31, 2024

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Arshreet Singh

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Finance and M&A

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Manufacturing

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Solar
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Shortage of India-made Solar Modules Hits Projects with DCR Mandate

India’s ambitious push for solar energy is facing a significant hurdle: a shortage of domestically produced solar modules. Subsidy-supported residential rooftop...

July 11, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Modules

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Solar
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Daily News Wrap-Up: MNRE Portal to Verify DCR Content in Solar Modules

The Ministry of New and Renewable Energy (MNRE) has developed an online portal to ensure the traceability of domestically manufactured solar photovoltaic (PV) cells and...

June 24, 2024

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Mercom Staff

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Daily Wrap-up
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Indian Solar Imports Surge by 148% YoY in Q1 2024

India imported solar cells and modules totaling over $2 billion (~₹167 billion) in the first quarter (Q1) of the calendar year 2024, up 147.5% year-over-year (YoY),...

June 11, 2024

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Urvashi Gupta

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Mercom Research Focus

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Solar
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Solar Glass Maker Borosil Swings to Loss on Higher Expenses

Solar glass manufacturer Borosil Renewables slipped into a net loss of ₹133.7 million (~$16.5 million) in the fourth quarter (Q4) of the financial year (FY) 2024 from a...

May 29, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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MNRE Adds 3.5 GW of New Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 3,508 MW of new solar module capacity. The...

May 27, 2024

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Arjun Joshi

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Markets & Policy

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Modules

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Solar
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First Solar’s Thin Film Modules Approved for Use in DCR Solar Projects

The Ministry of New and Renewable Energy (MNRE) has approved the use of thin film solar modules produced at First Solar’s (FS India Solar Ventures) vertically...

May 10, 2024

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Arjun Joshi

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Manufacturing

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Modules

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Solar
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Delhi High Court Quashes CBIC’s Revocation of Duty Deferment for Solar Projects

The Delhi High Court has quashed a Customs Department circular and show cause notices issued by the Central Board of Indirect Taxes and Customs (CBIC) revoking the...

May 8, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Daily News Wrap-Up: Seven Companies in Race for 10 GWh ACC Capacity Under PLI

The Ministry of Heavy Industries’ tender to select manufacturers for Advanced Chemistry Cells under the Production Linked Incentive program has garnered bids seven times...

April 24, 2024

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Mercom Staff

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Daily Wrap-up
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Swelect, Grew and ReNew Win SECI’s Auction to Supply 400 MW Solar Modules

Swelect Energy Systems, Grew Energy, and ReNew Photovoltaics (ReNew) were declared winners in Solar Energy Corporation of India’s (SECI) auction to manufacture, test,...

April 22, 2024

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Satish Shetty

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Modules

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Solar

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Tenders & Auctions
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Indosol to Produce 500 MW Solar Modules at New Facility in Andhra Pradesh

Indosol Solar, a subsidiary of Shirdi Sai Electricals Limited (SSEL), has begun the production of photovoltaic (PV) modules at its manufacturing facility in Ramayapatnam...

April 4, 2024

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Mercom Staff

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Manufacturing

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Modules

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Solar
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Rapid Innovation Threatens Solar Module Reliability, Researchers Warn

The accelerating technological advancement of solar modules risks exacerbating the challenges of durability and cell degradation, according to a new review from the...

April 3, 2024

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Staff

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Solar

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Technology
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US Solar Industry Wants Strong Domestic Supply Chain to Counter China

An entirely U.S.-based solar manufacturing supply chain, touted as a key pillar of the country’s Inflation Reduction Act (IRA), cannot flourish amidst an...

April 3, 2024

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Arshreet Singh

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Markets & Policy

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Solar
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ALMM Reimposed from April, No Exemptions for Open Access Solar Projects

The Ministry of New and Renewable Energy (MNRE) has notified the implementation of the Approved List of Models and Manufacturers (ALMM) regulation effective April 1,...

March 29, 2024

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Satish Shetty

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Manufacturing

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Markets & Policy

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Solar
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MNRE Adds 3.5 GW of New Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 3,501 MW of new solar module capacity. The...

March 22, 2024

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Arjun Joshi

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Modules

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Solar

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