Solar Market

Reliance Infrastructure to build integrated solar manufacturing ecosystem

Anil Ambani-led Reliance Group on Monday said its arm Reliance Infrastructure is setting up one of India's most advanced, fully integrated solar manufacturing ecosystems spanning ingots, wafers, cells and modules. According to an investors presentation of Reliance Infrastructure, the manufacturing facility will have next-gen technology. The facility will bridge large demand-supply gap as India will need 5560 GW of solar modules annually by 2030, while upstream capacity remains significantly short. It will be a high-value, vertically integrated platform to reduce import dependence and strengthen India's clean energy security. It is establishing an end-to-end battery manufacturing ecosystem covering cell manufacturing, pack assembly and grid-scale containerised BESS (battery energy storage system) As per the presentation, India's installed stationary storage base is less than 1 GWh today and will rise to 250 GWh by 2032. Domestic manufacturing currently meets less than 10 per cent o

Vikram Solar commissions 5-GW solar module mfg plant in Tamil Nadu

Solar module manufacturer Vikram Solar on Wednesday said it has commissioned a 5-GW fully automated Vallam facility in Tamil Nadu, taking its total annual production capacity to 9.5 GW. Spanning 27,000 square metres, the plant, built on advanced TOPCon technology, is designed to support M10, G12, and G12R formats, underscoring Vikram Solar's commitment to future-ready technology leadership, a company statement said. The state-of-the-art Vallam facility will add 5 GW of advanced module production capacity annually. With this next-gen expansion, the company now commands a total manufacturing capacity of 9.5 GW per annum, it said. The Vallam plant incorporates a sophisticated layer of next-generation automation, much of it being deployed in the country for the first time, seamlessly integrating intelligent robotics, advanced material-handling systems, comprehensive built-in quality checks and fully automated packaging, the statement said. "Commissioning this 5 GW facility within the y

India's solar module manufacturing capacity to outpace demand in 3 years

CareEdge Ratings projects India's solar module and cell capacities at 200 GW and 100 GW by 2027-28, surpassing demand and shifting focus to exports

Jakson Engineers to invest ₹8,000 cr to set up 6 GW solar mfg plant in MP

Jakson Engineers on Tuesday said it will invest over Rs 8,000 crore for setting up a 6 GW integrated solar manufacturing plant in Madhya Pradesh. This is the largest solar manufacturing investment in the state, the company said in a statement. The company, part of energy and infrastructure solutions conglomerate Jakson Group, is investing over Rs 8,000 crore to establish a 6 GW integrated solar module, cell & wafer plant at Maksi Phase II in Madhya Pradesh, the statement said. The mega project will be developed in two phases across a 110-acre site, allocated to the company recently. Commencing site activities within 15 days, the company will commission manufacturing capacity of 3 GW of solar modules and 3 GW of solar cells in Phase I, with an investment of around Rs 2,000 crore. Phase II will include establishment of a 6 GW solar wafer plant along with an additional 3 GW modules and cells each, at an investment of over Rs 6,000 crore. The first modules from the plant are expected

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

Insolation Energy net profit more than doubles to ₹126 cr in FY25

Leading solar module manufacturer Insolation Energy Ltd on Tuesday reported over two-fold jump in net profit to Rs 126.19 crore in the fiscal year ended March 31, 2025 on the back of rise in revenues. In the financial year ended March 31, 2024 the company had posted a net profit of Rs 55.47 crore. The company's consolidated turnover stood at Rs 1,333.76 crore, registering an 80.93 per cent year-on-year growth compared to Rs 737.17 crore in FY 2023-24. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) of the company more than doubled to Rs 170.32 crore, while gross margins rose 86.44 per cent to Rs 231.79 crore, a company official said. Chairman Manish Gupta attributed the strong performance to the company's focus on innovation, scale, and quality. "We have expanded from an 80 MW PV module capacity in 2017 to an expected 4 GW by July 2025," Gupta told reporters here. Company's Managing Director Vikas Jain said that the company plans to scale further, ...

Solar manufacturers seek duty protection on imported ingot, wafer

The Indian Solar Manufacturers Association (ISMA) has demanded imposition of safeguard duty on import of polysilicon, ingot and wafer to help protect the domestic solar manufacturing industry from dumping and boost local capabilities. Sunlight is converted into electricity through a process called photovoltaics (PV). This involves several key components working together to harness the energy from the sun. At the core are solar cells, which are made from silicon. These are grouped together and mounted on a solar panel or module which captures sunlight and converts it into direct current (DC) electricity. According to ISMA, India is already self-sufficient in module manufacturing, helped by duty protection measures. Also, significant cell capacities are under ramp-up and the country will be self-sufficient by FY27 in cell manufacturing. "Need of the hour is to shift focus towards capital and energy intensive upstream manufacturing which is currently dependent on China with heavy ...

India reaches 60 GW high-end solar module manufacturing capacity: AISMA

India has achieved a milestone of 60 gigawatt (GW) of installed solar module manufacturing capacity, industry body All India Solar Manufacturers Association (AISMA) said on Thursday. From less than 10 GW of low-wattage polysilicon modules making capacity in financial year 2020-21, India has scaled it up ito the current 60 GW of high-wattage and technologically advanced Mono Perc, Topcon and HJT modules manufacturing capacity, AISMA said in a statement. Hitesh Doshi, President, AISMA, said: "This is indeed a phenomenal achievement for the Indian solar manufacturing sector. Solar energy adoption is a critical component of the clean energy transition, and India's growing leadership in the space will enable the country to play a predominant role in the global renewable energy market." In line with a target to achieve net zero carbon emission by 2070, India aims to build 500 GW of renewable energy capacity by 2030, with solar energy expected to contribute to 300 GW of this capacity even

US detains shipments from Chinese solar makers on charges of forced labour

The US customs didn't clear a "single shipment" after which a Chinese solar company said that they are in the process of providing the 'supplementing evidence' to them

PLI boost spurs solar manufacturers to look at new schemes for growth

A basic Customs duty of 40 per cent on solar cells and 25 per cent on modules will come into effect from April 1, 2022

Local preference move unlikely to give push to solar gear makers

For any procurement by the Central government agencies and nodal departments, the preference would be given to local products for which there is sufficient local capacity

China, US, India, Japan dominate solar market: Mercom global listing

Adani tops global league table in installed capacity

India third largest solar market in the world: Mercom Communications

India set a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016

India to overtake Japan to become third-biggest solar market in 2017

India is projected to post 76% growth in capacity addition over 2016