Tags: solar market

Waaree Energies bags INR 760 cr order to supply solar panels in US

Home grown Solar PV module manufacturer Waaree Energies has bagged a USD 105 million (about Rs 760 crore) order to supply solar panels in the US. The company in a statement said that it has already supplied over 3 GW solar panels till date globally, and commissioned over 600 MW of solar EPC projects in […]

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RattanIndia Group sells 306 MW solar assets to GIP for INR 1670 cr

RattanIndia Group on Wednesday said it has sold its solar plants with a combined capacity of 306 MW to Global Infrastructure Partners (GIP) for about Rs 1,670 crore. GIP is one of the world’s largest infrastructure investment managers with over USD 51 billion of assets under management globally. RattanIndia Group had solar assets portfolio of […]

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SWELECT Energy Systems posts Rs 14.87 cr loss for Jan-Mar

SWELECT Energy Systems on Wednesday reported a consolidated net loss of Rs 14.87 crore for the January-March quarter. The consolidated net profit of was Rs 4.47 crore in the quarter ended on March 31, 2019, according to a regulatory filing by the solar power systems company. Total income of the company rose to Rs 69.18 […]

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Sterling and Wilson Solar Q4 net down 56 pc at Rs 128.58 cr

Sterling and Wilson Solar has reported a 56 per cent decline in consolidated net profit at Rs 128.58 crore for the quarter ended March 31, 2020. The consolidated net profit of the company stood at Rs 294.80 crore in the quarter ended on March 31, 2019, a regulatory filing said. The total income of the […]

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US solar PV system costs falling faster than anticipated: Wood Mackenzie

Wood Mackenzie in its new report says that Solar PV system costs in the US are falling faster than anticipated across all market segments, primarily driven by module price reduction. Residential system prices with mono PERC modules are now expected to fall 17% from 2020 to 2025, up from 14% forecast pre-coronavirus. Additionally, mono PERC […]

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Cleantech Solar secures USD 75 mln loan from ING to fund SE Asia expansion

Cleantech Solar secures a $75 million loan from Dutch bank ING Groep NV to finance its expansion across Southeast Asia, the companies said in a joint statement on Tuesday. Cleantech, which has Shell as one of its investors, will use the funding to help build over 500 megawatts of solar projects, according to the statement. […]

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Global Solar O&M market to reach annual total of USD 9.4 billion by 2025: Report

According to new research by Wood Mackenzie solar power systems nearing inverter end of life currently account for 5% of the global PV market, this number will grow to 16% – or 227GWDC of solar systems – by 2025. The repowering and maintenance of these solar power plants will come at a cost, however. Wood Mackenzie […]

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Hanwa Q Cells’ Patent Infringement Complaint against Jinkosolar, Rec and Longi Solar Confirmed Court In Germany

Hanwha Q CELLS confirmed that the Regional Court of Düsseldorf in Germany has upheld the company’s patent infringement complaint filed on March 4, 2019, finding that JinkoSolar, REC Solar, and LONGi Solar unlawfully incorporated Q CELLS’ patented technology into specific solar products of the respective brands. The lawsuit charged that the three companies have infringed the German […]

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