Page 2 - Solar Energy

ORB Energy teams up with Safal Group for large-scale solar in Kenya

Solar solutions provider Orb Energy on Friday announced its collaboration with Safal Group firm Mabati Rolling Mills to accelerate Kenya's green transition through large-scale solar adoption. The collaboration underscores the vital role of solar power in helping energy-intensive industries reduce their carbon footprint while ensuring long-term energy security and cost competitiveness, Orb Energy founder and CEO Damian Miller said in a statement. According to the statement, the Orb Energy, a solar energy solutions provider in India and Africa, has partnered with Safal Group firm Mabati Rolling Mills to accelerate Kenya's green transition through large-scale solar adoption. As part of this partnership, Orb Energy has successfully installed a 2.9 MW rooftop solar system at Mabati Rolling Mills' (MRM) Mariakani facility which is one of the largest rooftop solar installations in Kenya, Miller said. The system will generate approximately 4,200 MWh of clean electricity annually, the compa

Adani, Ambani race to lead mega energy transition: Bernstein Research

Bernstein says Mukesh Ambani and Gautam Adani are racing to transform Kutch's barren salt flats into the backbone of India's energy transition with massive clean power projects

China's Marshall plan is to go green with solar, EV battery investments

Since 2022, China's green-tech FDI has reached $227-$250 billion, roughly matching the post-WWII Marshall Plan that strengthened US-European alliances

Solar power stocks trade mixed; check which is best bet for your portfolio

Among solar-related stocks, ACME Solar Holdings has surged up to 55% so far this year; technical charts hint at favourable bias for AMCE and other 2 solar energy-related shares.

Gautam Solar to set up ₹4,000 cr 5 GW solar cell plant in MP by 2026

Gautam Solar will invest Rs 4,000 crore to build a 5 GW solar cell facility in Gwalior, with Phase 1 of 2 GW capacity to be completed by 2026 and expansion planned through an IPO

Rajasthan allots land to RVUNL for solar parks in Jaisalmer, Bikaner

In a bid to promote clean energy production, the Government of Rajasthan led by Chief Minister Bhajanlal Sharma has approved the allocation of land to state enterprise Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) for the establishment of large-scale renewable energy-based production parks in Jaisalmer and Bikaner districts. Under this landmark initiative, land allocation has been approved in Jaisalmer for various solar parks with a combined capacity of 26,400 megawatts (MW), a statement said on Saturday. Similarly, the construction of solar parks with a combined 5,200 MW capacity has been approved in Bikaner, it said. In line with the state's goals of sustainable development and energy security, these approvals represent a major step towards enhancing Rajasthan's leadership in the renewable energy sector, it said. Commenting on this, the Chief Minister said this initiative will not only position Rajasthan as a front-runner in clean energy production but also generate substantial ...

ACME Solar Holdings seeks shareholders' nod to raise up to ₹3,000 crore

ACME Solar Holdings will seek approval of shareholders to raise up to Rs 3,000 crore through the issuance of securities. According to a notice for the annual general meeting scheduled on September 29, 2025, the company proposes to raise capital of up to an amount not exceeding Rs 3,000 crore, in one or more tranches, by way of one or more private offerings, and/or qualified institutions placement of, and/ or further public offer and/or any other permitted modes. The proposed special resolution seeks to confer upon the board the absolute discretion to issue securities in one or more tranches, determine the terms of the aforementioned issuance of securities, including the exact price, proportion and timing of such issuance, based on analysis of the specific requirements. The company is a pure play renewable energy producer in India with a diversified portfolio comprising solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects. It has an operational capacity of

Premier Energies shares rise 3% as subsidiaries bag orders worth ₹2,703 cr

At 10:00 AM, Premier Energies share price was trading 2.26 per cent higher at ₹1,015.65 per share. In comparison, BSE Sensex was trading 0.49 per cent higher at 80,198.64 levels.

MOFSL sees upto 46% upside in this renewable energy stock; reiterates 'Buy'

Suzlon Energy is also preparing to enter overseas markets, with exports to the Middle East and Europe expected to begin by FY27.

Green energy aided by strong ecosystem, say industry representatives

India's renewable energy sector is growing fast but faces hurdles in financing, transmission, and storage, even as policy support and innovation drive progress toward 2030 targets

Gautam Solar gets Crisil rating upgrade to 'A-/Stable' on strong growth

Renewal energy solutions provider Gautam Solar on Tuesday said Crisil has upgraded its long-term rating to 'A-/Stable' from 'BBB+/Stable' earlier. This achievement highlights the strong fundamentals of Gautam Solar and its solid growth trajectory, constantly strengthening its reputation as a reliable partner in the renewable energy market and a provider of preferred modules for large projects, a company statement said. According to the statement, Gautam Solar Pvt Ltd (GSPL), having 28+ years of experience in solar module manufacturing, has received the long-term rating of CRISIL A-/Stable and a short-term rating of CRISIL A2+, a recognition that signifies the company's financial strength, capability, longer-term reliability and bankability of its solar modules. Earlier, the firm had a CRISIL BBB+/Stable long-term and CRISIL A2 short-term rating. The major upgrade to CRISIL A- is a true measure of Gautam Solar's strengthened business profile, strong financials, and sustained track .

Datanomics: India's solar-module exports to the US face duty heat

The US is India's largest solar panel export market. Since FY23, it has accounted for more than 95 per cent of such exports by India

ALCM could impact 20-25 GW of renewable energy capacity, says report

JMK Research said ALCM implementation from June 2026 could hinder 20-25 GW of green open access projects due to shortage and high prices of DCR modules.

China's rapid expansion of solar farms helps bring down carbon emissions

High on the Tibetan plateau, Chinese government officials last month showed off what they say will be the world's largest solar farm when completed 610 sq km, the size of the American city of Chicago. China has been installing solar panels at a blistering pace, far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country's carbon emissions edged down 1% in the first six months of the year compared to a year earlier, extending a trend that began in March 2024. The good news is China's carbon emissions may have peaked well ahead of a government target of doing so before 2030. But China, the world's biggest emitter of greenhouse gases, will need to bring them down much more sharply to play its part in slowing global climate change. For China to reach its declared goal of carbon neutrality by 2060, emissions would need to fall 3% on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author

BS Samriddhi: Rajasthan's solar sector doesn't need incentives to grow

The panel discussion was attended by Sunil Bansal, President Rajasthan Solar Association, Rahul Gupta, Founder MD and CEO, Rays Power Experts Ltd and Nitin Agarwal

Maharashtra inks MoUs worth ₹42,893 cr; projects to create over 28k jobs

The Maharashtra government on Tuesday signed memoranda of understanding (MoUs) worth Rs 42,893 crore with various companies for data centre and solar energy projects in the state. Speaking on the occasion, Chief Minister Devendra Fadnavis said the state is emerging as the data centre capital and solar energy integration capital of India. Eight MoUs for various investments and two strategic agreements, including a partnership with the UK to attract foreign investments, were signed. The MoUs worth Rs 42,893 crore are expected to generate 28,558 jobs, it was stated. The chief minister said these investment commitments reflect the trust of investors and the leadership of Prime Minister Narendra Modi. Fadnavis assured investors that the state government will offer full support from start to finish to ensure smooth implementation of the projects. He also announced renewed momentum for the state's ambitious hyperloop project, now progressing with the involvement of IIT Bombay and IIT ..

India achieves 100 GW solar PV module capacity under ALMM: MNRE

Solar PV manufacturing under MNRE's quality-assured ALMM norms grows from 2.3 GW in 2014 to 100 GW, with 100 firms now operating 123 units nationwide

Over 1.67 million households benefitted under solar scheme: Govt to RS

A total of 16.78 lakh households have been benefitted with rooftop installations under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) and over Rs 9,000 crore has been disbursed as Central Financial Assistance (CFA) to the beneficiaries, Parliament was informed on Tuesday. The Ministry of New & Renewable Energy (MNRE) is implementing PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) across the country since February 2024. The scheme targets to achieve rooftop solar installations in one crore households in the residential sector by 2026-27. "A total of 16.78 lakh no. of households have been benefitted with rooftop solar installations under the scheme as on 05.08.2025 and amount of Rs 9,280.88 crore has been disbursed as Central Financial Assistance (CFA) to the beneficiaries," Minister of State (MoS) for New and Renewable Energy and Power Shripad Yesso Naik said in a reply to the Rajya Sabha. The MNRE had launched Grid Connected Rooftop Solar Programme Phase-II in March 2019. In ...

Gas reserves dwindling, future lies with solar energy: Tripura power min

Tripura Power Minister Ratan Lal Nath asserted that the future of the northeastern state lies with solar energy as power generation from natural gas-based plants is witnessing a steep decline due to a shortage of supply. He said four of the five gas-based power plants in the state have witnessed a dip in production. Speaking at a programme in Durgachowmuhani in Dhalai district on Monday, he said, "The Palatana power plant, which is supposed to produce 726 MW of power daily, is now producing only 520 MW, while Manarchak power plant is producing 60 MW out of its installed capacity of 100 MW. At RC Nagar plant, NEEPCO is producing 80 MW out of its installed capacity of 135 MW, while Rokhia is producing 80 MW against its installed capacity of 63 MW." Currently, the northeastern state requires an average of 370 MW of power daily, which will go up to 700 MW by 2030. All the gas power plants also send power to neighbouring states. "Power generation is reducing due to a shortage of gas su

SECI net profit rises 15% to ₹502 crore in FY25 on higher revenues

State-owned Solar Energy Corporation of India (SECI) on Monday posted a 15 per cent rise in its net profit to Rs 501.92 crore in fiscal 2024-25, driven mainly by higher revenues. As per the audited standalone financial results for the year ending March 31, 2025, SECI has recorded revenue from operations of Rs 15,185.10 crore and Profit After Tax (PAT) of Rs 501.92 crore, the company statement said. In comparison, it stated that the SECI's revenue from operations for the financial year 2023-24 stood at Rs 13,035.07 crore, and PAT was Rs 436.03 crore. Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy and Chairman & Managing Director (Additional Charge), SECI, said, "This performance reflects the Corporation's commitment to financial discipline and institutional delivery." He further stated that crossing the Rs 15,000 crore revenue and Rs 500 crore PAT benchmark represents a significant development in SECI's financial roadmap. These results improve the ...