Page 3 - Solar Power

Servotech Renewable stock jumps 7% on solar power order; check details here

Servotech Renewable's stock was trading 5.5 per cent higher at ₹131.5 per share compared to the previous session's close of ₹124.62 on the NSE

India curbs solar output to stabilise power grid amid low demand: Ministry

The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows

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

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 ...

EPA cancels $7 billion Biden-era grant programme to boost solar energy

The Environmental Protection Agency on Thursday terminated a USD 7 billion grant programme that was intended to help pay for residential solar projects for more than 9,00,000 lower-income US households. It's the latest Trump administration move hindering the nation's shift to cleaner energy. The funding, part of Democratic President Joe Biden's Solar for All programme, was awarded to 60 recipients including states, tribes and regions for investments such as rooftop solar and community solar gardens. Solar, a renewable energy, is widely regarded as a way to introduce cleaner power onto the electrical grid and lower energy bills for American consumers.

SECI sees record-low price of ₹55.75 per kg in first green ammonia auction

This holds significance as low-priced green ammonia is pivotal for India to reduce reliance on imported natural gas for fertiliser production, lower carbon emissions, and enhance energy security.

InoxGFL to invest Rs 50,000 crore in renewable energy operations by FY29

Hybrid power projects integrate two or more energy sources -such as solar and wind - to improve overall system efficiency and reliability

SAEL Industries arm commissions 50 MW solar project in Maharashtra

Solar RE Power, a subsidiary of SAEL Industries, on Tuesday said it has commissioned a 50 MW solar power plant in Beed district of Maharashtra. The plant is expected to generate over 100 gigawatt-hours (GWh) of clean electricity annually, and is aligned with the government's vision for a sustainable energy future, SAEL Industries said. "The 50 MW (AC)...ground-mounted solar project features TOPCon bifacial modules, designed for high energy yield and performance reliability," the clean energy solutions provider said. The project is backed by a 25-year Power Purchase Agreement (PPA) with the Maharashtra State Electricity Distribution Company Limited (MSEDCL), offering long-term revenue and tariff stability in accordance with industry best practices, it said. "As we expand our renewable energy footprint in India, we want to provide sustainable infrastructure that benefits both people and the environment," Laxit Awla, Director at SAEL Industries, said. SAEL Industries is a renewable .

Japan bets on ultrathin solar panels to drive next phase of clean energy

At Expo 2025 Osaka, Japan showcases curved perovskite solar panels that are 20 times thinner than conventional ones, as it aims to boost solar use in cities and cut China reliance

Rajasthan bets big on solar power to emerge as a renewable energy leader

Due to Rajasthan's rising electricity demand, which is increasing by an estimated 8-10 per cent annually, the government's focus is to obtain 43 per cent of power consumption from solar energy by 2030

Juniper Energy commissions 59 MWp solar project in Maharashtra's Wardha

Juniper Green Energy on Wednesday announced the commissioning of the 59 MWp solar component of its 75 MW hybrid power project in Wardha, Maharashtra. The plant, commissioned on June 6, 2025, was completed 17 months ahead of schedule, a company statement said. The Juniper Green Power Five Project has a Power Purchase Agreement (PPA) capacity of 75 MW, comprising a contracted 75 MW of solar and an additional 26.4 MW of installed wind capacity, according to the statement. The PPA was signed on November 18, 2024, with Maharashtra State Electricity Distribution Company Limited (MSEDCL), and the Scheduled Commercial Operation Date (SCOD) is set for November 17, 2026, it added. The commissioning of this solar component marks a step towards the full operationalisation of the hybrid project. "The early commissioning of our Karanja Hybrid Project, following the successful delivery of the Chapalgaon plant, highlights our strong execution capabilities and commitment to timely project delivery

Tata Power Q4 results: Profit up 25% to ₹1,306 cr; revenue rises 7%

Tata Power reported a 25% rise in Q4FY25 profit and record full-year revenue, with rooftop solar, Tirunelveli manufacturing, and Discom gains boosting growth

REC to provide Rs 2.5 trn finance for renewable energy projects till 2030

State-owned non-banking finance firm REC Ltd will increase its exposure to renewable energy projects by about Rs 2.5 lakh crore in next six years to aid India's target of having 500 GW of non-fossil fuel energy by 2030. REC currently has an exposure of about Rs 53,000 crore in renewable energy projects with a total loan book of Rs 5.67 lakh crore as on March 31, 2025. The company has planned to achieve a loan book of Rs 10 lakh crore including Rs 3 lakh crore exposure in renewable energy project by 2030. Renewable energy is a key area where the company will focus in the coming six years in view of nation's ambitious target of having 500 GW renewable energy by 2030. Talking to PTI, REC Chairman and Managing Director Jitendra Srivastava said, "Currently, our loan book stands at around 5.67 lakh crore. and we are trying to aim for a loan book of 10 lakh crore by 2030. Out of this, we would like to see the renewable sector touching around 3 lakh crore, which is currently around Rs 52,0

Coal India signs MoU with UPRVUNL to set up solar power plant in UP

State-owned CIL on Monday said it has signed an MoU with UPRVUNL to set up a 500 MW solar power project in Uttar Pradesh. The development is a part of initiatives of Coal India Ltd in the green energy space and to meet the growing energy demand of Uttar Pradesh. "Coal India Ltd (CIL) and UP Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) have executed a non-binding Memorandum of Understanding (MoU) on May 5, 2025 at Lucknow with an intent of setting of 500 MW Solar Power project in Uttar Pradesh," CIL said in a filing to BSE. The pact also includes provision for any additional opportunities which the parties mutually agree to collaborate in the foreseeable future. In April, Coal India had entered into a pact with Damodar Valley Corporation (DVC) for setting up an ultra supercritical power plant in Jharkhand with a total investment of Rs 16,500 crore. Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficien

FinMin prods banks to speed up rollout of Pradhan Mantri Surya Ghar scheme

PMSGMBY is a solar energy scheme for both rural and urban households

Vikram Solar bags 150 MW solar module supply deal from Maharashtra Power Co

Vikram Solar on Wednesday said it has secured a 150 MW solar module supply order from Maharashtra State Power Generation Co Ltd. The leading solar PV module manufacturer in a statement said it has bagged an order for a major renewable power project of 150 MW from Maharashtra State Power Generation Co Ltd (MAHAGENCO), a government of Maharashtra undertaking. The company will provide 150 MW of advanced N-Type Modules. The modules will be supplied in the districts of Jalgaon and Solapur in the state of Maharashtra to MAHAGENCO under Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) project 2.0. The order reinforces the Kolkata-headquartered company's standing as one of the premier names in India's Approved List of Models and Manufacturers (ALMM) list, the statement said. "We are proud to have secured this order, which marks another step forward in our mission to power a greener India through high-efficiency solar solutions. The trust placed in Vikram Solar is a reflection of our commitm

Jupiter International secures ₹500 cr investment to boost solar capacity

Solar solutions provider Jupiter International Ltd on Monday said it has secured an investment of Rs 500 crore from ValueQuest SCALE Fund and its affiliates to accelerate solar manufacturing expansion. The company operates at a 1 GW facility in Baddi, Himachal Pradesh, and plans to increase the total capacity to 5.6 GW solar cells and 2.4 GW solar modules, the company said in a statement. The present funding round of Rs 500 crore and internal accruals is proposed to support the company's ongoing capex programme, it said. According to the statement, Jupiter International Ltd -- a manufacturer of photovoltaic solar cells and a provider of comprehensive solar power solutions -- has announced that it has secured a Rs 500 crore investment from ValueQuest SCALE Fund and its affiliates. As a long-term partner, their continued confidence underscores our ability to scale efficiently and drive innovation, Jupiter International Managing Director Alok Garodia said. "Jupiter's integrated appro

Jindal Stainless jumps 5% after arm signs 11-Mw PPA with Sunsure Energy

Jindal Stainless shares were quoting at ₹536.45, up 4.65 per cent from the previous day's closing price of ₹512.60 on the National Stock Exchange (NSE)

ISA eyes Indian private sector support for Africa's green energy growth

These projects span various sectors, including the solarisation of schools, health centres, government buildings, cold storage units, and solar water pumping systems