Solar Modules

Pralhad Joshi also said that so far about, Rs 50,000 crore has been invested in the country's solar equipment manufacturing sector.

India's solar modules shine at 100 GW

Prime Minister Narendra Modi said the development is yet another milestone towards self-reliance.

India a bright spot for solar module manufacturers amid global uncertainty

The demand for locally made solar modules is expected to rise significantly in India

Govt may extend PLI scheme deadline for solar module projects

Visa issues for Chinese technicians, supply chain disruptions, and slow technology transfer have hampered progress under the Production Linked Incentive scheme for solar modules.

Waaree Energies says dual manufacturing footprint offers 'natural hedge' amid US tariff uncertainty

Waaree has guided EBIDTA in the range of Rs 5,500 crore to Rs 6,000 crore for FY26 and expects demand to be stable even in FY27.

Trump's tariffs could bring scale to India’s solar manufacturing, even as fear of dumping looms

Trump's 26 percent reciprocal tariff will immediately slow down Indian solar exports to the US, but it will make the sector more globally competitive while also affording the opportunity to explore other global markets. The government will need to address fears of dumping by the Chinese manufacturers.

Stocks to Watch: PB Fintech, HCL Tech, Tata Power, GE Power in focus on 28 Feb

Naveen Kukreja is stepping down from his operational role at Paisabazaar and will take on a new role as Group President at PB Fintech, with Santosh Agarwal appointed CEO and Neeraj Tripathi as CFO, effective March 1. HCL Technologies has partnered with Children’s Minnesota to enhance operational efficiency and patient care through AI. Tata Power’s solar arm, TP Solar, secured a Rs 632 crore contract from SECI to supply 292.5 MWp DCR solar modules. Transrail Lighting won new orders worth Rs 2,752 crore, pushing its year-to-date order inflows to over Rs 7,400 crore. Meanwhile, GE Power India has received a Rs 273.5 crore contract from Greenko KA01 IREP for a 320 MW unit at Saundatti PSP, building on their previous deal. These developments are expected to drive focus in today's market.

Solar cell manufacturer Jupiter International plans $300 million IPO

The funds will be used by the company to fund its capex plans, which will see the company expand its manufacturing capability beyond just solar cells and become an integrated player manufacturing cells, wafers as well as modules

Cleantech manufacturing gets a boost in Budget 2025

Under cleantech manufacturing, equipment such as solar PV cells, EV batteries, motors and controllers, electrolysers and grid-scale batteries will be promoted, the minister has said

MC Exclusive: Trump order casts a shadow on Indian solar panel manufacturers' US plans

The Trump administration has paused the disbursal of funds under the Inflation Reduction Act, which offered tax credits for making in US. Three of the four Indian manufacturers who wanted to set up plants in the US have put their plans on hold

Budget 2025: Skilling in green energy sector needs urgent attention, says Waaree Energies CEO

In an exclusive interview with Moneycontrol, Paithankar emphasised that if mass skilling doesn’t begin now, India could be looking at a workforce crunch in this sunrise industry

Vikram Solar plans to enter battery energy storage systems: CMD Gyanesh Chaudhary

On Chaudhary's budget wish list are an amended law governing special economic zones and a focus on the renewable manufacturing sector.

Tata Power bets on nearly doubling its revenue to Rs 1 lakh crore by 2030: CEO & MD Praveer Sinha

From December, Tata Power has commissioned its 4.3 GW solar cell manufacturing unit in Tirunelveli, Tamil Nadu which is an addition to the 4.3 GW module manufacturing plant commissioned in October, 2023 located at the same site.

ALMM support will help India become the next big solar manufacturing hub: Experts

Of the 500 GW non-fossil source based electricity generation capacity planned by 2030, the government aims to generate at least 300 GW solely through solar power.

Exclusive | ALMM for solar panels may be implemented from April 2024, say govt officials

The list was kept in abeyance to boost the number and capacity of solar installations in the country. As a result, domestic manufacturers were hit by the huge imports of components. The implementation of the list will ensure a level playing field for domestic players.

Solar module makers will soon have to follow 'Make in India' trajectory: RK Singh

Moneycontrol on October 17 reported how Indian solar manufacturers are currently being forced to export as developers prefer imported modules due to the ALMM norm being kept in abeyance till March, 2024.

Indian solar manufacturers forced to export as developers prefer imports: Industry stakeholders

Chinese companies continue to control the market with depressed prices, making imported solar modules cheaper even with the imposition of duty, or by routing them through FTA countries, thereby killing the home market for Indian manufacturers

Exclusive | Mundra to be largest fully integrated renewable energy manufacturing hub: Adani Group

Among other things, it will build a 10GW polysilicon manufacturing unit and increase wind turbine production capacity to 5GW from 1.5GW, all at Mundra. The capex for the fully integrated solar manufacturing plan would be over Rs 300 crore, Adani officials said

Chart of the Day: China solar module prices fall to record lows

Prices of solar wafers have halved from the year ago period 

Chart of the Day | India’s solar module manufacturing costs high despite govt incentives

Modules manufactured in India are 37 percent more expensive than in China 

Cabinet approves second tranche of PLI scheme for solar PV modules; Rs 19,500 crore allocated

The Cabinet has also approved changes to the PLI scheme for semiconductor and display manufacturing, with the government now offering fiscal support of 50 percent, instead of 30 percent, for setting up of semiconductor ATMP / OSAT facilities in India.

Govt updates ALMM for solar modules, adds new players to list

A total of 66 Indian manufacturers have been enlisted, making their products eligible to be sourced for government-supported solar projects.

Costlier solar modules — Can RE target survive the shock?

A contingency plan must be ready to ensure that solar power developers do not get stuck because of higher project costs

India needs $7.2 billion investment to promote integrated solar module manufacturing: Report

The push to improve local manufacturing could help domestic module manufacturers clock $30 billion (Rs 2.3 lakh crore) in revenues by 2030 from selling 150 GW at Rs 15/Wp (Watt peak) and generate employment opportunity for around 41,000 workers, according to the report released by CEEW Centre for Energy Finance (CEEW-CEF).

Chart of the Day | China set to tighten grip on global renewable energy market

A massive expansion in China’s production capacity is expected to improve the country’s cost competitiveness in solar and wind energy projects