india

2022 saw the solar PV market enter a ‘new growth dimension’, where 239GW of solar capacity was added across the world representing two thirds of all new renewables capacity.

Arctech has signed an agreement to provide solar trackers for 242MW of an upcoming solar facility in the Indian state of Rajasthan.

The renewable energy subsidiary of Indian integrated power company Tata Power has commissioned a 110MW solar PV plant in the state of Rajasthan, India.

The global floating solar (FPV) market will surpass 6GW by 2031, with China, India and Southeast Asia set to deploy the lion’s share.

Thin-film module manufacturer First Solar has reached a module backlog of 71.6GW and sold all its allocated US capacity through 2026.

India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.

The total corporate funding into the global solar sector increased by 55% in Q1 2023 compared with Q4 2022, and 11% year-on-year compared with the same period in Q1 last year.

Indian solar manufacturer Rayzon Solar has announced plans to set up a 500MW solar module factory in the US and expand its existing Indian production capacity by a further 1GW.

India added 12.8GW of solar PV in the FY2023, an 8% decrease year-on-year according to JMK Research. 2022 saw the country experience significant module shortages as it strains to build out its domestic manufacturing profile and lessen its dependence on imports from the east.

India’s accelerated pace with its domestic solar manufacturing capacity is set to reach 110GW of solar PV module capacity per year by 2026.