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UPPCL, SECI sign 1 GW solar power sale agreement

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The Uttar Pradesh Power Corp. Ltd (UPPCL) will procure 1 GW of solar power from interstate transmission system (ISTS) connected projects with SECI as the intermediary procurer (trader).The Uttar Pradesh Power Corp. Ltd (UPPCL) and Solar Energy Corp. of India (SECI) have executed a power...

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REC Silicon to shut down polysilicon business in Montana

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REC Advanced Silicon Material LLC is shutting down one of its two polysilicon production facilities in the United States. It says the decision is primarily due to regional structural imbalances in supply and demand for electricity. Norway-based REC Silicon has announced that its wholly owned subsidiary,...

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Budget lays focus on residential rooftop solar, EV infrastructure

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Finance minister Nirmala Sitharaman today tabled the interim budget for FY 2024-25 in the parliament. Budget highlights include announcements about the residential rooftop solarization scheme, viability gap funding for offshore wind, and government support for EV manufacturing and charging infrastructure.Rooftop solarization will reduce electricity bills...

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