Indian power company AmpIn Energy Transition has invested INR31 billion (US$371.7 million) to build renewables projects of more than 600MW and a solar cell and module manufacturing plant.
Everything seems to be pointing to the solar PV manufacturing sector going into a downturn in 2024, with loss-making potentially rife across much of the upstream sector.
German technology group and PV component manufacturer Heraeus has acquired an undisclosed stake in French PV manufacturing startup Holosolis to support the development of its planned 5GW module assembly plant in Hambach, France.
Solar cell manufacturer Suniva has unveiled the restart of its manufacturing operations with up to 2.5GW of monocrystalline silicon solar cells in Georgia, US.
Chinese solar manufacturer Tongwei has planned to invest RMB20 billion (US$2.7 billion) in its Leshan project, in the Chinese province of Sichuan, to expand ingot pulling, slicing and cell production capacity, so as to accelerate the establishment of “China’s Green Silicon Valley”.