RE Industry Updates - SmartEnergy

Vikram Solar ‘Top Performer’ in PVEL PV Module Reliability Scorecard 2023

25May

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Industry Updates, Must Read, RE Industry Updates

Vikram Solar ‘Top Performer’ in PVEL PV Module Reliability Scorecard 2023

Vikram Solar, one of India's leading solar module manufacturers has been successful once again in claiming position of the 'Top Performer' in PVEL PV Module Reliability Scorecard 2023 by passing a rigorous PQP (Product Qualification Program) testing procedure. PVEL PQP is considered a virtual gold standard for module bankability across the solar industry. Vikram Solar's PARADEA Mono PERC 144 cell Bifacial Glass-Glass solar module, which has already been a hot favourite in the international market, appeared as top performer through PQP tests. Vikram Solar's stringent BOM selection criteria and robust process control on state of the art manufacturing lines have helped the company to consistently introduce top performer solar modules. Mr. Gyanesh Chaudhary, Chairman & Managing Directo...

Redington collaborates with Hoymiles and PIXON to accelerate the adoption of Solar Solutions and Green Energy Products in India

24May

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Redington collaborates with Hoymiles and PIXON to accelerate the adoption of Solar Solutions and Green Energy Products in India

Redington Limited , a leading technology solutions provider, announced its partnerships with Hoymiles Microinverters and PIXON Group, two leading solar manufacturing companies, to distribute micro-inverters, solar panels, and other green energy products on PAN India basis. As part of the partnerships, Redington will enable the seamless distribution of Hoymiles and PIXON’s best-in-class quality products such as highly efficient micro-inverters, solar panels, and other technologically advanced products in the solar ecosystem. The partnerships also entail the potential of expanding Hoymiles and PIXON’s reach to other markets in India and strengthening Redington’s current portfolio of solar products. These partnerships will help Redington accelerate the mainstream adoption of solar power b...

Cosmic PV Power breaks ground of it’s New State-of-the-art 600 MW Multi BB fully automatic Solar Module Manufacturing facilities at Surat, Gujarat

24May

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Cosmic PV Power breaks ground of it’s New State-of-the-art 600 MW Multi BB fully automatic Solar Module Manufacturing facilities at Surat, Gujarat

Cosmic is going one more step ahead with new 600MW fully automatic with advance robotics technology solar module manufacturing facilities in India's highest growth city, textile city, diamond city and now also known as solar city Surat. Breaks Ground on its New State-of-the-art 600 MW Fully Automatic Solar Module Manufacturing Facilities. Cosmic PV Power Pvt. Ltd. A premium quality Module Manufacturing and most Preferred OEM Partner in India pridefully announced new fully automatic robotics manufacturing facility in Surat. The Ground breaking ceremony was on done for of its new State-of-the-art 600 MW in multi BB fully automatic module manufacturing facility, this Facility will be one of the biggest factory area wise spread in more than 3,00,000 Sq. Ft in Surat. With this Facility now ...

Mahatma Phule Renewable Energy and Global Energy Alliance for People and Planet in India partner to implement livelihood-based solar projects in Maharashtra

20May

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Mahatma Phule Renewable Energy and Global Energy Alliance for People and Planet in India partner to implement livelihood-based solar projects in Maharashtra

Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have announced a strategic partnership to enable the implementation of solar projects of 1000 MW across the state of Maharashtra, India. The MoI was signed to accelerate the adoption of renewable energy and promote sustainable development. Under this partnership, GEAPP and MAHAPREIT will collaborate in enabling the implementation of 500 MW of rooftop solar for small and medium enterprises (SMEs) and 500 MW of ground-mounted decentralised solar under the Prime Minister of India led KUSUM program. The Maharashtra government announced the target of installing 200,000 solar agricultural pumps in the state. Also, the program will target enterprises acro...

Luminous Power Technologies launches Innovative Icon and High Capacity Inverter Range

16May

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Luminous Power Technologies launches Innovative Icon and High Capacity Inverter Range

Luminous Power Technologies, a well-entrenched and a trusted brand in power backup and residential solar space unveiled an all-new range of futuristic products for the coming summers. This comes in the wake of company’s concerted efforts to delight customers with smart, safe, energy-efficient and sustainable products. This was disclosed by Mr Amit Shukla, Senior Vice President – Energy Solutions Business, Luminous Power Technologies today at the launch event in Mumbai. Speaking on the occasion, Mr Shukla said, “Luminous has been at the forefront of offering power backup solutions for last 35 years. We have been pioneering, illuminating and delighting over 100 millions happy homes with our products that are tech-savvy, aesthetically designed and sustainable. Raising our bar th...

Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures and Angel Investors

15May

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Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures and Angel Investors

Solar Ladder, a supply chain platform for Solar Installation companies announced it has raised 11 Crores in seed funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and angels from Atha Group, NIPHA group, Varun Alagh (Founder, Mamaearth), Subin Mitra and Aditya Bandi of Groyyo, Deepak Jain (Partner, Bain and Co.) among others. The recently acquired funds will be utilized to distribute software that automates processes for solar installers, allowing them to expand their business tenfold and aims to become the go-to ecosystem for solar installation companies. Solar Ladder aims to establish a robust marketplace that enables cheaper procurement, provides short-term embedded credit and insurance products to meet installers' working capital requirements, and offers long-term...

KKR to Invest Additional $250 million in Serentica Renewables

15May

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KKR to Invest Additional $250 million in Serentica Renewables

In a move that reinforces its commitment towards Serentica Renwables, Private equity firm KKR has decided to invest an additional $250 million (about Rs 2,044 crore) in Serentica Renewables. This is an additional investment to one that the firm has already done in the month of Nov 2022. For bigginers, Serentica Renewable is focused on industrial decarbonization, by making renewables the primary source of energy for the commercial & industrial segment which consumes more than 50% of the electricity generated in India. Serentica said in a statement released that it is now gearing up to install 4,000 MW of renewable energy capacity that will aid clean energy delivery to large-scale industrial customers. The company is already developing solar and wind power projects across Ra...

Avaada Energy Wins 560 Mw (Dc) Solar Project

30Apr

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Avaada Energy Wins 560 Mw (Dc) Solar Project

Avaada Energy, an arm of Avaada Group – India's leading integrated energy enterprise with business interests across the energy transition value chain, has won the 560 MW (DC) Solar Project bid in e-Reverse auction conducted by MSEDCL. The project was awarded through competitive bidding, followed by an e-Reverse auction in which Avaada emerged as the winner with a quoted tariff of Rs. 2.88 / kWh (~$0.035). As per bid terms, PPA will be signed between two entities for 25 years, and the project will be commissioned within 18 months. The plant is expected to generate about 951 million units annually which will help reduce 8,85,563 tons of CO2 equivalent emissions annually. The solar project can potentially power ~7 lakh households with green energy. Speaking on this development, Vineet ...

EKI Energy Services Ltd. is Now Great Place to Work®Certified

30Apr

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EKI Energy Services Ltd. is Now Great Place to Work®Certified

EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has been Great Place to Work®Certified (GPTW) in India, becoming the first top global carbon consulting company to gain the recognition. The certification is purely based on employees' experience of working at EKI and validates how EKI continues to progress in building a strong organisational culture that is aligned with its values. Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, "We are extremely pleased with the recognition. At EKI, we have fostered an inclusive, productive and positive work environment that unites our employees and helps them set a clear direction. We strongly believe that building high-performing teams hinges on the cultu...

Prozeal Infra Gets First Round of Funding from Alchemie Ventures

30Apr

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Prozeal Infra Gets First Round of Funding from Alchemie Ventures

Prozeal Infra Engineering Pvt. Ltd. has announced their first round of funding led by Chandrakant Gogri's family office arm – Alchemie Ventures. The $4 Million (approx. INR 32.5 Crore) investment is for a minority stake at an undisclosed valuation. The funds will be used to scale operations and execute developer-model projects for energy and utility companies. Incorp Advisory was the exclusive investment banker for the transaction, which represents the largest Series-A fundraising transaction in India's Solar EPC space in over 2 years. Prozeal Infra is a home-grown venture founded by two Ahmedabad-based co-founders. The company already has an order book worth INR 1,000 crore ($120 million) that will be fulfilled over t...