Solar Sector

PM Surya Ghar crosses 17.5 GW; rooftop additions fall for 2nd month: Report

PM Surya Ghar has crossed 17.5 GW, but monthly rooftop solar additions fell for a second straight month, a report shows

Pakistan's solar boom is so widespread it is now part of wedding dowries

Rising grid tariffs, TikTok-driven popularisation and the affordability of Chinese solar systems have driven Pakistan's solar boom to such an extent that panels are now being used as wedding dowries

India's solar boom faces a new test as rising costs squeeze returns

Solar developers face higher costs from domestic cells, commodities and rupee depreciation, while competitive tariffs leave little room to absorb the increase, putting project economics under pressure

NCRTC signs pact for solar plant to meet 60% of Namo Bharat's power needs

The NCRTC has signed a power purchase agreement for a 110 MW solar power plant expected to meet nearly 60 per cent of the electricity requirement for the Delhi-Meerut Namo Bharat corridor, according to a statement on Saturday. The solar plant, estimated to cost around Rs 450 crore, will be developed in Jaulan, Uttar Pradesh, and is expected to be commissioned within the next 24 months, it said. The plant will supply power through the Uttar Pradesh state grid to National Capital Region Transport Corporation (NCRTC's) substations in Uttar Pradesh and Delhi, and distribute it across the Namo Bharat corridor, it mentioned. Under the agreement, NCRTC said it will procure electricity from the plant at a fixed tariff for 25 years. The arrangement aims to provide greater predictability in energy costs and reduce the corridor's dependence on conventionally generated power. Electricity accounts for around 30-35 per cent of the operational cost of the Namo Bharat corridor. The NCRTC said the

PM Surya Ghar: Why govt is tightening tracking of solar generation data

The government has long required generation data from rooftop solar systems. A new MNRE order now tightens inverter-level reporting, requiring daily output data to be shared with the National Portal

PM Surya Ghar got 7.77 million applications, 4.19 million installations

PM Surya Ghar has received 7.77 million applications since February 2024, with 4.19 million rooftop solar systems installed, covering 5.04 million households

Hormuz and India's neighbours: How China escaped West Asia crisis intact

By sharply reducing oil imports, China not only shielded its own economy from a supply shock (to an extent) - its impact also helped cushion the price shock for other Asian economies, analysts said

Govt weighs industry proposals for next phase of rooftop solar scheme

The Ministry of New and Renewable Energy is consulting industry stakeholders on the next phase of the PM Surya Ghar Muft Bijli Yojana, including proposals on battery storage and rural expansion.

Solar energy's boom in Europe is reaching places once deemed too dark

Across the Nordic region, for the first time, investors and utilities added more new solar capacity than wind in 2025, a lead expected to continue this year

India's solar power boom faces regional imbalance, manufacturing glut

While India's solar capacity continues to expand rapidly, regional concentration in installations and mounting manufacturing overcapacity are emerging as the sector's biggest structural challenges

Vikram Solar Q4 results: Net profit rises 21% to ₹110 cr on higher revenues

Vikram Solar on Friday posted nearly 21 per cent rise in its net profit to Rs 110 crore in March quarter mainly on account of higher revenues. The net profit stood at Rs 91 crore in the quarter ended on March 31, 2025, a company statement said. Revenues from operations rose to Rs 1,453 crore in the quarter from Rs 1,194 crore in the same period year ago. In the fiscal year 2025-26, the net profit increased to Rs 470 crore from Rs 140 crore in a year ago.

West Asia crisis has increased logistics cost by 20%: Grew Solar CEO

Solar manufacturer ramps up capacity, eyes exports and new ventures in storage and green data centres amid rising costs

Geojit bullish on solar module makers; bets big on Waaree, Premier Energies

At the current market price, Geojit sees a 15 per cent upside for Waaree Energies shares, and 17 per cent for Premier Energies, initiating coverage on both stocks with Buy ratings

Waaree, Premier Energies soar up to 12%, trade at 3-mth high on huge volume

In the past seven trading days, the stock price of Waaree Energies has appreciated by 24 per cent.

Anand Rathi bullish on renewables; starts coverage on Emmvee, Vikram Solar

Analysts at Anand Rathi see strong long-term growth in India's renewable energy sector. They have initiated coverage on Emmvee Photovoltaics with 'Buy' and Vikram Solar with 'Hold' ratings

Solar equipment majors look to widen horizons to counter US duty threat

US plans steep countervailing duties on solar imports from India, prompting module makers to explore alternative markets and new supply chain strategies to mitigate the impact

Maha Govt signs MoUs worth ₹10,880 cr for multiple Vidarbha projects

The Maharashtra government signed MoUs worth over ₹10,880 crore for solar, healthcare and manufacturing projects in Vidarbha. It will also roll out new industrial policies soon

SDAL, CSIR-NAL partner for development of 150 kg class loitering munition

MIs Solar Defence & Aerospace Ltd entered into a collaborative agreement for design and development of LM-UAV with CSIR-National Aeronautical Laboratories (NAL)for indigenous design, development and production of Loitering Munition (LM) UAV of 150 Kg Class. SDAL was chosen as an industry partner through a competitive bidding. The exchange of agreement between the two parties took place at a function organised at CSIR-NAL.On the occasion of the signing of Collaborative Agreement between CSIRNALand SDAL, Dr. Jitendra Singh, appreciated the new initiative and unique approach adopted by CSIR of involving an industry partner in a project of strategic importance from the very beginning including design & development.Mis Solar Defenceand Aerospace Ltd. (SDAL) asserted that as an industry partner, SDAL will play a pivotal role in the realisation of the LM-UAV and work tirelessly towards productionisation of the system at the earliest.SDALis working tirelessly towards making Indian ..

India's solar module sector faces shake-up as overcapacity looms: Icra

Bifacial modules can absorb sunlight via both front and rear surfaces, while modules made with TOPCon cells have improved electron flow and lead to lower losses

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