Solar Plant

Microtek invests over ₹400 crore to accelerate solar business growth

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

Updated On: 25 Oct 2026 | 3:47 PM IST

India must boost solar manufacturing amid China export curbs: Solex chief

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

Updated On: 25 Oct 2026 | 2:49 PM IST

Fujiyama Power to set up 1.2 GW solar plant in MP to strengthen value chain

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

Updated On: 27 Sep 2026 | 11:34 AM IST

Solar panel maker Avaada Electro files updated DRHP for ₹7,600 crore IPO

The Brookfield-backed company plans a ₹1,600 crore fresh issue and a ₹6,000 crore offer for sale as it expands solar module and cell manufacturing capacity in India

Updated On: 26 Aug 2026 | 7:32 PM IST

Rajnath Singh approves 250 MW solar plant on defence land in UP's Sitapur

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

Updated On: 09 Jun 2026 | 2:45 PM IST

Fujiyama Power Systems to set up 1.2 GW solar cell facility at MP's Ratlam

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

Updated On: 22 May 2026 | 11:26 AM IST

Andhra CM to lay foundation for ReNew's Rs 5,400 crore solar unit

Andhra Pradesh CM will lay the foundation for ReNew's Rs 5,400 crore solar manufacturing facility, aimed at strengthening domestic supply chains and clean energy capacity

Updated On: 22 Apr 2026 | 8:17 PM IST

No funds disbursed under ₹24K cr solar PLI scheme till Feb: Govt tells LS

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

Updated On: 18 Mar 2026 | 5:18 PM IST

3 million homes solarised, 70 million to go: SolarSquare CEO Shreya Mishra

2 years after the launch of PM Surya Ghar, rooftop solar adoption has accelerated but remains far short of the 10-million-home target

Updated On: 13 Mar 2026 | 11:28 PM IST

Suryakumar Yadav, Tilak Varma invest in Hyderabad's TRUZON Solar

Cricketers Suryakumar Yadav and Tilak Varma announce investment in Hyderabad-based TRUZON Solar, signalling growing interest in India's renewable energy sector

Updated On: 10 Mar 2026 | 7:46 PM IST

Govt's push to accelerate rooftop solar slowed by reluctant lenders, states

The shortfalls represent the latest challenge to India's efforts to nearly double ​clean energy capacity to 500 gigawatts by 2030

Updated On: 16 Feb 2026 | 7:26 AM IST

Renewable energy accounts for 75% of total power capacity addition in FY26

Solar and wind led capacity growth as India added 52,537 MW between April and January, with renewable energy accounting for three-fourths of total additions

Updated On: 15 Feb 2026 | 10:19 PM IST

Adani Solar only Indian firm in Wood Mackenzie's global top 10 ranking

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

Updated On: 18 Jan 2026 | 10:57 AM IST

Rajasthan steps up rooftop solar rollout amid push for clean energy

Driven by free electricity and subsidies, Rajasthan is adding over 13,000 rooftop solar plants a month, with more than 2.7 lakh consumers registering under the scheme

Updated On: 12 Jan 2026 | 5:36 PM IST

Websol to invest ₹3,538 cr in solar manufacturing complex in AP's Naidupeta

The project, comprising 4 Gw solar cells and 4 Gw solar modules, will be developed in two phases over 120 acres, with commercial production scheduled from July 2027 and July 2028

Updated On: 12 Jan 2026 | 3:22 PM IST

US withdrawal a setback for global efforts: ReNew CEO Sumant Sinha

ReNew Chairman Sumant Sinha calls the US exit from climate bodies a setback, flags grid delays, PLI challenges and outlines what the renewable sector wants from the Budget

Updated On: 11 Jan 2026 | 11:30 PM IST

Tata Power to finalise ₹6,500 cr wafer-ingot project by Jan, says CEO

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 ..

Updated On: 16 Dec 2025 | 12:27 PM IST

Solar transition: Reforms needed to improve long-term performance

Grid-level constraints compound the problem. Solar generation is geographically concentrated, while transmission capacity and energy storage remain severely inadequate

Updated On: 09 Dec 2025 | 11:12 PM IST