Solar Industry

Microtek has announced an investment of over Rs 400 crore to accelerate the growth of its solar business. As part of its expansion plans, Microtek has invested over Rs 400 crore and is setting up a new solar panel manufacturing plant in Jaipur, which is expected to become operational by November 2026, the company said at the renewable energy expo 2026 concluded on Saturday. Led by its 'Har Ghar Bijli Ghar' vision, the company will introduce its new Battery Energy Storage System (BESS), highlighting its focus on making reliable energy solutions accessible to households and businesses, the company said in a statement issued on Sunday. With nearly four decades of power management experience, Microtek's portfolio spans four pillars: power generation, distribution, conditioning and storage. At the expo, the company showcased its home inverters, UPS systems, batteries, electrical wires, solar panels, solar inverters and lithium batteries. Supporting initiatives such as PM Surya Ghar: Mu

The government needs to incentivse domestic production of solar equipment to avoid any supply crunch amid China's proposed curb on exports of key technologies of photovoltaic module manufacturing, a senior industry executive said. China has proposed restricting exports of 12 key technologies that are used to make solar equipment, citing the need for close monitoring as these technologies are also used in aerospace, defence and other sensitive sectors. According to Chetan Shah, Chairman and Managing Director of Solex Energy, China controls an estimated 75-90 per cent of the global solar supply chain. If domestic cell capacity does not come up on time, the result could be a supply crunch for solar modules, project delays and pressure on tariffs, Shah told PTI. He noted that as of June 2026, India had about 262 GW of module manufacturing capacity and only about 37 GW of cell capacity. Speaking on the sidelines of the Renewable Energy India (REI) Expo 2026 in Greater Noida, Shah said

India added 50.6 GW of solar module capacity against 9.7 GW of cell capacity in first 6 months of 2026, widening the manufacturing gap and increasing reliance on imports

Solar SA Investments, an indirect wholly-owned subsidiary of Solar Industries, will acquire all outstanding shares of Johannesburg-listed Omnia, subject to regulatory and Omnia shareholder approvals

The geopolitical backdrop, analysts believe, continues to provide a structural tailwind, as the conflict in the Middle East has reinforced defence budget urgency across GCCs

Mandatory domestic sourcing of solar cells takes effect from June 1, testing project economics while boosting India's manufacturing ambitions

Vikram Solar on Friday posted nearly 21 per cent rise in its net profit to Rs 110 crore in March quarter mainly on account of higher revenues. The net profit stood at Rs 91 crore in the quarter ended on March 31, 2025, a company statement said. Revenues from operations rose to Rs 1,453 crore in the quarter from Rs 1,194 crore in the same period year ago. In the fiscal year 2025-26, the net profit increased to Rs 470 crore from Rs 140 crore in a year ago.

The brokerage firm expects UTLSOLAR to deliver strong growth (56 per cent/65 per cent/65 per cent CAGR in revenue/EBITDA/PAT over FY25-28), driven by PMSGMBY-led demand and capacity expansion.

US plans steep countervailing duties on solar imports from India, prompting module makers to explore alternative markets and new supply chain strategies to mitigate the impact

Capacity utilisation at the country's module-assembly plants has shrunk to around 40 per cent from more than 70 per cent in the year through March 2023

Emmvee Photovoltaic plans to raise ₹2,900 crore through the public issue, which includes a fresh issue of 98.8 million equity shares and an OFS of 34.8 million shares

Fujiyama Power Systems IPO comprises a combination of fresh issue of 26.3 million equity shares aggregating to ₹600 crore and an OFS of 10 million shares aggregating to ₹228 crore

India's solar module capacity is set to reach 165 GW by March 2027, creating overcapacity that could pressure smaller players' margins, ICRA said in a new report

The recovery followed a 50% jump in polysilicon prices since July, after the government warned against cutthroat competition seen across sectors, including solar manufacturing

At 11:00 AM, Waaree Renewable Technologies share price was trading 8.58 per cent higher at ₹1,231.90 per share. In comparison, BSE Sensex was trading 0.42 per cent lower at 82,156.20 levels.

Saatvik Green Energy on Wednesday said it has secured supply orders for solar PV Modules worth over Rs 700 crore. All orders are set to be delivered in this financial year, a company statement said, adding that these repeat orders were from leading engineering, procurement, and construction companies and from independent power producers. The parent firm, Saatvik Green Energy Ltd, received orders worth Rs 488 crore, while its material subsidiary, Saatvik Solar Industries, received contracts worth Rs 219.62 crore. "At Saatvik, we want to help India have a clean energy future by providing reliable, high-quality solar solutions. These orders strengthen our developing partnerships with premier EPCs and IPPs who believe in our technology, size, and dependability," Prashant Mathur, CEO of Saatvik Green Energy said. Saatvik Green Energy Ltd is a top Indian maker of high-efficiency solar PV modules and the main company in the Saatvik Group. The company works with a wide range of utility-sc

India added 20.1 GW renewable capacity in April-August FY26, a 123 per cent rise from last year, with ICRA projecting over 35 GW additions this fiscal supported by strong demand

Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts covers installation of 750 rooftop solar systems at key socio-community facilities, including district police stations, educational institutions, health centres and special border surveillance units, plus installation of over 4,400 high-efficiency solar streetlights and 650 solar water heaters. Financing for the project valued at USD 19.95 million is secured through a Line of Credit from the Export-Import Bank of India (EXIM

US Customs as started a formal investigation of Waaree and Waaree Solar Americas Inc over suspected evasion of anti-dumping duties, imposing interim measures on solar imports

The bidders included Acme Solar, Adani Renewable, AMPIN Energy, Apraava Energy, CEIGALL India, Dilip Buildcon, Engie, MB Power, NTPC Renewable Energy, Purvah Green, ReNew Solar, Serentica Renewables