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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
Solar energy and power backup solutions provider Fujiyama Power Systems is setting up a 1.2 GW solar cell manufacturing facility in Madhya Pradesh as part of its 2030 vision to become an integrated renewable energy player, its MD Pawan Garg said. The greenfield project is expected to start solar cell production using advanced TopCon technology by the end of the ongoing fiscal year, the official told PTI in an interaction. Post start of the commercial operations, the company's total cell capacity will reach 2.3 GW. Fujiyama operates a 1.1 GW cell plant in Dadri, Uttar Pradesh. Tunnel Oxide Passivated Contact (TOPCon) technology is more efficient than conventional solar cell architectures, specifically Passivated Emitter and Rear Cell (PERC). "We are setting up a new 1.2 GW solar cell manufacturing plant at Ratlam in Madhya Pradesh. This backward integration project will strengthen our value chain, reducing dependence on the open market," Garg said. The project is being set up with
Defence Minister Rajnath Singh has approved the establishment of a 250 mega watt solar power project in Uttar Pradesh's Sitapur on an approximately 850 acres of vacant defence land. The defence ministry on Tuesday described the project as a "major step" towards promoting renewable energy while ensuring optimum utilisation of vacant defence land. This is the first-of-its-kind project undertaken by the defence ministry involving the development of a large-scale solar power generation facility with integrated Battery Energy Storage System (BESS) support on defence land, it said. The ministry said the initiative reflects the government's commitment towards clean energy, sustainability and reduction of dependence on conventional energy sources. "Besides strengthening long-term energy security for the defence forces, the project is expected to substantially reduce expenditure incurred on procurement of conventional grid power for defence establishments, resulting in significant savings t
Fujiyama Power Systems on Friday said it is planning to set up a 1.2 GW TopCon solar cell manufacturing facility at Ratlam, in Madhya Pradesh. Currently, the company operates a 1 GW Mono PERC solar cell manufacturing facility at its Dadri plant, Uttar Pradesh. With the addition of 1.2 GW TopCon capacity at Ratlam, Fujiyama will substantially strengthen its integrated manufacturing capabilities across the solar value chain, the company said in a statement. The commercial operations of the Ratlam TopCon facility are expected to commence from Q1 of FY2028, the company said, adding that the estimated investment for the project is Rs 350 crore, which will be funded through a combination of debt and internal accruals. "This expansion strengthens our backward integration, enhances cost control and ensures consistent availability of DCR-compliant solar cells. "With our recent inclusion in the MNRE's ALMM-II list for solar cells, we are well-positioned to cater to the domestic demand of DC
Solar equipment manufacturers have not received any funds under the Rs 24,000-crore production linked incentive (PLI) scheme for them till February-end, Parliament was informed on Wednesday. The Ministry of New and Renewable Energy, Government of India, is implementing the PLI Scheme for High Efficiency solar PV modules with an outlay of Rs 24,000 crore. Under the scheme, letters of award have been issued for setting up 48,337 MW of fully/partially integrated solar PV module manufacturing capacity, Union Minister for New & Renewable Energy Pralhad Joshi said in a written reply to the Lok Sabha on Wednesday. The minister said as on February 28, 2026, no funds have been released under the scheme, as it provides for the release of PLI to successful bidders a year after commissioning of the manufacturing projects awarded under the scheme. Until now, this one-year post-commissioning period has not been completed in respect of the projects awarded under the scheme, he stated. Under the
India's growing stature in global clean energy manufacturing has received a boost with Adani Solar emerging as the only Indian company to feature in Wood Mackenzie's Global Solar Module Manufacturer Ranking for the first half of 2025. Adani Solar, the solar photovoltaic manufacturing arm of Adani New Industries Limited (ANIL), was assigned a Grade A classification by the global energy and natural resources consultancy. It was ranked No.8 on the Wood Mackenzie Global Solar Module Manufacturer Ranking. Wood Mackenzie has released its latest "Global Solar Module Manufacturer Ranking" report for the first half of 2025, which assesses solar panel companies on shipments, bankability and performance. JA Solar and Trinasolar jointly claimed the top rank, with scores of 91.7 and 91.6, respectively, according to the Wood Mackenzie report which evaluated 38 manufacturers of crystalline silicon modules. Adani Solar had a score of 81 points. Wood Mackenzie evaluates manufacturers on 10 criteri
Tata Power is looking to finalise its 10 GW wafer and ingot project, to be set up at an estimated cost of Rs 6,500 crore, by January next year, the company's CEO and MD Praveer Sinha said. The company is in talks with various states and will decide on the location soon, he saidon the sidelines of a company event here. Tata Power is looking to set up a 10 gigawatt wafer and ingot plant as part of its backward integration, Sinha had said in an earnings call earlier without sharing further details. He said there will be clarity on the proposed project in the last quarter of FY26. "In January, we would be making some announcement. Meanwhile, we continue to explore potential site for the project," Sinha said. The company is exploring various locations in states like Odisha, Tamil Nadu, and Andhra Pradesh among others. "We are looking at the state policies and incentives before finalising the location," Sinha said. He said Tata Power will make an investment of Rs 6,500 crore for the ..