Solar Industry

Emmvee Photovoltaic IPO opens: Analysts bet on long term prospects; apply?

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 IPO opens Nov 13; sets price band at ₹216-228; Check details

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

Overcapacity in solar manufacturing to impact firms' profitability: ICRA

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

China's solar self-discipline drives turnaround for top silicon producers

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

Waaree Renewable Technologies share zooms 13% on record Q2 profit, revenue

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 bags solar modules supply orders worth over ₹700 cr

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 adds record 20.1 GW renewable capacity in Apr-Aug, 123% jump YoY

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

Premier Energies secures $20 million solar contracts in West Africa

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 probes Waaree Energies over alleged duty evasion on Chinese solar cells

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

India records lowest solar-plus-storage tariff at MP Morena project

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

ACME Solar places 2 GWh battery storage order via Posco, China FAW

ACME Solar has ordered 2 GWh of battery energy storage from Chuzhou Lishen through POSCO and China FAW Group, taking cumulative procurement beyond 5 GWh

Nomura bets on Waaree, Premier as Indian solar capacity to grow 3x by 2030

To meet the robust demand, Nomura analysts project India will add ~309GW of installed capacity between FY25-30F, with renewables (RE) accounting for the bulk of the expansion.

China races to build world's largest solar farm to meet emissions targets

Chinese government officials last month showed off what they say will be the world's largest solar farm when completed high on a Tibetan plateau. It will cover 610 square kilometres, which is the size of Chicago. China has been installing solar panels 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 per cent in the first six months of 2025 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 per cent on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author

US tariffs, China reliance thwarting India's $7 trillion solar prize

India's economic growth and rapidly accelerating electricity consumption are helping to propel a local solar industry that's forecast to become second in size only to China by the mid-2030s

SAEL Industries signs 880 MW solar power PPAs in Gujarat, Punjab

SAEL Industries has signed two power purchase agreements for a combined solar power capacity of 880 megawatt in Punjab and Gujarat. Of the total, 400 megawatt (MW) will be set up in Punjab and 480 MW in Gujarat, the company said in a statement. In Gujarat, SAEL, through its subsidiaries SAEL Solar P Sixteen Private Ltd and SAEL Solar P Seventeen Private Ltd, has signed a PPA with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a total capacity of 480 MW AC of solar photovoltaic (PV) power projects. This includes 240 MW initially allocated and an additional 240 MW awarded under the greenshoe option. The solar project is expected to achieve scheduled commercial operation within 24 months from the PPA signing. GUVNL will procure the solar power at a tariff of Rs 2.56 per kilowatt-hour (kWh) for 25 years. In Punjab, SAEL Solar P15 Private has signed a PPA with the Punjab State Power Corporation Limited (PSPCL) for a 400 MW AC solar photovoltaic power project. Under the terms of the agreem

Reliance Industries' solar leap prompts Nuvama's highest-ever target price

Nuvama forecasts that the company's 10GW module & cell capacity, to be fully operational by early CY26, could contribute an incremental ₹3,800 cr to consolidated PAT, equivalent to 6% of FY25 earnings

Silver prices surge: Top reasons and what to expect in the months ahead

Usage-wise, silver has a 52 per cent demand from industrial applications, and one of the biggest demand growth driver is its use in clean energy applications such as solar energy and electric vehicles

TP Solar crosses 4 GW of solar module production at its Tamil Nadu unit

The plant has cumulatively produced 4,049 megawatts (MW) of solar modules and 1,441 MW of solar cells up to May 2025

Rooftop solar power scheme has a mountain to climb despite funding

PM Surya Ghar Muft Bijli Yojana is to supply solar power to 10 mn households by Jan 2027

Centre mulls $1 billion subsidy plan to boost solar manufacturing industry

The plan has the backing of the top advisers in Prime Minister Narendra Modi's office and is expected to be presented to the cabinet for approval in the next few months, they said