[SMM PV News] 'IFC' Loans $125M for Polysilicon Plant in Malaysia

The European Commission has approved a €500 million state aid scheme for Luxembourg to support the manufacturing of clean technologies, including solar, wind, and batteries. Operating under the Clean Industrial Deal State Aid Framework ('CISAF'), the initiative will provide direct grants to local companies until December 2030. This marks the first 'CISAF' scheme for a small Member State. The funding aims to expand local capacity, boosting efforts by companies like 'Solarcells', which recently began producing Luxembourg's first domestic solar panels. This follows similar 'CISAF' approvals for Greece (€400 million) and Germany (€3 billion) to accelerate Europe's net-zero transition.

Premier Energies Ltd has started trial production at its 5.6 GW solar module manufacturing facility in Seetharampur, Telangana, producing G12R TOPCon modules with zero-busbar ('0BB') architecture. This new 75-acre factory boosts the company's total module capacity beyond 10 GW. The highly automated plant can produce up to four modules every 16 seconds and uses 'AI'-powered fault detection. Company executives highlighted the facility's role in scaling integrated manufacturing and supporting India's clean energy goals. Premier Energies is also executing a $1.38 billion capital expenditure plan over three years to double its capacity, expand into ingots and wafers, and diversify into inverters and battery systems.

AGEL has successfully commissioned 951 MW of renewable energy capacity across two locations in India: Baiya, Rajasthan (251 MW) and Khavda, Gujarat (700 MW). The newly commissioned portfolio consists of 926 MW of solar and 25 MW of hybrid projects, executed through various step-down subsidiaries. Following the receipt of all necessary clearances, the plants officially commenced commercial operations and power generation on March 30. With the integration of these new facilities, AGEL's total operational renewable generation capacity has now expanded to 18,933.3 MW.