Safetian Resumes Production, Restoring Supply of Photovoltaic Cell Products

National Aluminium Company (NALCO) reported that its 130 kWp rooftop solar project in the Damanjodi mining area had officially commenced operations. Meanwhile, the smelter's 960 electrolytic cells continued to operate at full capacity, with an annual operating scale of approximately 460,000 mt. At present, NALCO is expected to add 500,000-600,000 mt of aluminum capacity. The project is currently in the feasibility study and environmental impact assessment (EIA) stage; however, its progress is constrained by the construction schedule of the power plant.

RenewSys India has inaugurated a 3 GW 'AI-powered', fully automated solar module manufacturing facility in Khopoli, Maharashtra, expanding its total module capacity to 5.6 GW. The 65,000 sqm plant integrates advanced production technologies and digital monitoring systems to ensure consistent product quality for its 'TOPCon G12R' modules. Located near Mumbai, the site offers strong multimodal connectivity to enhance supply chain efficiency for both domestic and export markets. Looking ahead, RenewSys targets 24 GW of total PV component capacity and plans to install a 4.5 GW solar cell production line by fiscal year 2026-27.

European developers signed 30 power purchase agreements ('PPAs') totaling 2.2 GW in February, marking the highest monthly volume since February 2024. Corporates drove the surge, accounting for 1.5 GW across 21 deals. A standout was a 426 MW solar PPA in Spain spanning a record-breaking 40 years. Analysts note a growing trend of contracting operational assets rather than new builds to bridge price expectation gaps. The battery energy storage ('BESS') sector also saw strong activity with 14 deals totaling 1.2 GW/3.3 GWh. Meanwhile, average tracked PPA prices fell 6.4% month-on-month to €42.70/MWh, led by an 11.4% drop in Italy following the DL Energia decree.