The sun wasn’t shining in Glasgow for COP26 and many in the solar sector lamented the lack of mention in countries’ pledges. Nonetheless, some vital announcements were made that will be crucial to the industry’s growth and its role in reaching net zero, writes Sean Rai-Roche.
Adani Green Energy has signed a power purchase agreement (PPA) with state-owned Solar Energy Corporation of India (SECI) to supply 4,667MW of renewable power in what the company has called the “largest ever green PPA”
India added around 11.1GW of solar capacity from January to November, which is a 249% jump on installations for the same period last year, bringing its installed renewables capacity to roughly 104GW, according to research by JMK Research
A US development agency has approved up to US$500 million of debt financing for First Solar to support the manufacturer in setting up a thin film module production plant in India.
India’s government is set to scale up funding for its production-linked incentive (PLI) programme for solar manufacturing as it eyes exports of PV equipment.
Indian independent power producer (IPP) Azure Power has received a letter of award (LOA) for its first 150MW interstate transmission system connected (ISTS) solar-wind hybrid project with the Solar Energy Corporation of India (SECI).
First Solar is actively exploring future capacity manufacturing locations after recording a surge in demand, both domestically and internationally, amidst supply chain obstacles impacting the PV industry.