Solar Panel

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

Over 17,000 rooftop solar plants installed in Delhi under govt's green push

The adoption of rooftop solar plants in the national capital is picking up gradually under the PM Surya Ghar Muft Bijli Yojna, with over 17,000 plants installed so far in a joint green push by the Delhi government and power discoms, officials said on Friday. Delhi Chief Minister Rekha Gupta, in an open letter to residents of the city, had appealed for the adoption of solar power. Under this scheme, the Delhi government is providing a capital subsidy of Rs 30,000 for solar plants up to 3 KW capacity. The banks offer loans for solar panel installation at the rates of 6.50-7 per cent, she said in the letter. If someone installs a solar rooftop plant up to 3 KW, they will receive a total subsidy of Rs 1.08 lakh, Rs 78,000 from the Centre and Rs 30,000 from the Delhi government. Furthermore, if a consumer's monthly electricity consumption is 500 units, they will enjoy a zero electricity bill after installing the 3 KW rooftop solar plant. Additionally, they will receive a monthly ...

US tariffs to worsen India's solar panel glut as domestic bidding slows

India's awards of solar generation projects and new tenders slowed dramatically in the quarter ended June

Not a dream, a destination: Building the new Bharat with power of the sun

The truth: Solar already powers metro trains, steel plants, and data centres. And it creates more jobs per megawatt than coal ever did

Why Bernstein thinks Waaree, Premier Energies will 'Underperform' ahead?

While the Indian solar photovoltaic (PV) manufacturing space is an intriguing one, Bernstein sees potential risks.

NGT calls for safe disposal system of used solar panels, asks govt's reply

The matter was raised through a letter petition highlighting the environmental risks posed by discarded panels and the need for an organized system for their proper handling and management

Indian solar panels face US scrutiny for possible China forced labour links

The law bans goods made in China's Xinjiang region where Chinese authorities are reported to have established labour camps for ethnic Uyghur and other Muslim groups

US solar firms seek retroactive duties on imports from Vietnam, Thailand

New tariffs could be particularly harmful to Vietnam, which risks the highest duties as it is deemed by the United States a non-market economy

GP Eco Solutions: This SME IPO has zoomed over 300% on debut on the NSE

GP Eco Solutions made a stellar stock market debut, with its shares got listed at Rs 375, a whopping 299% against its issue price of Rs 94 per share on the NSE.

China solar panel makers seek government action to halt freefall in prices

Financial incentives and a government push have helped China become the solar panel factory of the world

Trade and industry bodies in Rajasthan call for creating solar energy hub

Rajasthan ranks as one of the leading states in the country for solar energy production

KPI Green Energy Q4 results: Net profit rise 36% to Rs 43.04 crore

KPI Green Energy on Thursday posted nearly 36 per cent rise in consolidated net profit to Rs 43.04 crore in the March quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 31.77 crore in the year-ago period, the company said in a BSE filing. The company's total revenue increased to Rs 292.96 crore during the quarter from Rs 184.41 crore a year ago. The consolidated net profit during the entire FY24 also increased to Rs 161.65 crore from Rs 109.62 crore a year ago. The board has also recommended final dividend at 2 per cent, i.e. Re 0.20 per equity share of the face value of Rs 10 each for the financial year 2023-24, subject to approval of the shareholders at the upcoming annual general meeting of the company.

Solar installations fall 44% in 2023 due to land related issues: Report

India has reported a 44 per cent fall in solar installations at 7.5 gigawatt in 2023 due to land acquisition-related issues, research firm Mercom Capital said on Thursday. According to the US-based research firm's latest report, a total of 13.4 gigawatt (GW) solar capacity was installed in the country in 2023. As of December 2023, the cumulative installed solar capacity stood at 72 GW. Of which utility-scale projects accounted for 85.4 per cent, and rooftop solar accounted for 14.6 per cent, the report said. "In 2023, large-scale solar installations fell 51 per cent to 5.8 GW from 11.7 GW in 2022. Extensions granted to several large-scale projects and delays primarily due to land (acquisition) and transmission (connectivity) issues impacted capacity additions during the year. Large-scale solar accounted for 77.2 per cent of annual solar capacity additions, and rooftop solar contributed 22.8 per cent," it said. Rajasthan followed by Karnataka, and Gujarat were the top three states f

Empowering 'Solar Didis'

A programme offering interest-free loans to women to buy solar panels could help alleviate poverty and empower rural households

Consumers installing solar panels at home to get zero power bills: Delhi CM

Delhi Chief Minister Arvind Kejriwal on Monday said that under the Delhi Solar Policy 2024, people installing rooftop solar panels at home will get generation-based incentives. He said such consumers will be paid for solar power generation. Under the policy, all government buildings having an area of 500 square metres will have to mandatorily install rooftop solar panels in the next three years, Kejriwal further said. Delhi Power Minister Atishi said the solar policy was approved by the Cabinet two days back and it would be notified within 10 days. The 2016 policy of the Delhi government enabled the deployment of over 250 MW of rooftop solar plants within the city and around 1,250 MW of utility-scale solar plants, totalling 1,500 MW. This meets 7.2 per cent of Delhi's annual electricity demand.

Pradhan Mantri Suryodaya Yojana: 1 crore solar panels for Ayodhya announced

PM Modi announced the installation of 1 crore solar panels in Ayodhya under the Pradhan Mantri Suryodaya Yojana. Check the full details here

India begins anti-dumping probe into import of Chinese solar panels' frame

India has initiated an anti-dumping probe into imports of aluminium frames for solar panels from China following a complaint by a domestic manufacturer, according to a notification. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'aluminium frame for solar panels/modules' originating in or exported from China. The application for the investigations has been filed by Vishakha Metals. The DGTR in a notification said the applicant has alleged that the product is exported by China into India at dumped prices in significant quantities for a prolonged period and that is impacting the industry. "On the basis of the duly substantiated written application by the domestic industry...on the basis of prima facie evidence submitted by the domestic industry...the authority, hereby, initiates an anti-dumping investigation," the notification said. The product plays a fundamental role in the overall assembly of the solar ...

Rooftop solar for poverty alleviation

Currently, the rooftop-subsidy programmes run by the Ministry of New and Renewable Energy require consumers to bear about 60 per cent of the costs

This year's biggest winners in the solar sector don't make panels

Tongwei Co, the top global producer of polysilicon, a key solar material, saw earnings more than triple in the first nine months to 21.7 billion yuan ($3 billion) as prices soared