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Australian Premium India wins contracts for solar equipment

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Australian Premium Solar (India) Limited has secured contracts worth Rs 1,498.27 million for the supply of solar panels, photovoltaic (PV) modules, and solar inverters. The contracts include Rs 910.84 million for supplying 540 Wp bifacial solar panels (both Domestic Content Requirement (DCR) and non-DCR), solar inverters ranging from 3.3 kW to 500 Wp, and monocrystalline solar PV modules of 500 Wp, 520 Wp, and 535 Wp. These orders are expected to be delivered by May…

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Saatvik Green Energy wins contract for 1,200 MW solar projects

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Saatvik Green Energy Private Limited has signed an agreement for the supply of solar photovoltaic (PV) modules to support 1,200 MW solar power projects in India. Key details include: A contract to supply N-type TopCon PV modules worth Rs 15 billion for 1,000 MW utility-scale solar projects. An agreement with Enrich Energy Private Limited for the supply of MONO PERC 545 Wp Bifacial solar modules for 200 MW solar projects. The module supply will begin…

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Mufin Green Finance to fund Rs 5 billion solar projects by 2026

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Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector.  The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000 solar installations, contributing to India’s renewable energy…

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Glow raises USD 30 million to expand solar energy projects in India

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Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures.  The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power.  These facilities are located at Rays Power Experts’ site near Bikaner….

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India, ISA sign pact to implement solar projects in Indo-Pacific region

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India has signed a Project Implementation Agreement (PIA) with the International Solar Alliance (ISA) to execute solar energy projects in Fiji, Comoros, Madagascar, and Seychelles.  This initiative, aligned with the Quad Climate Working Group’s agenda, focuses on addressing energy challenges and supporting sustainable development in the Indo-Pacific region. The agreement, formalized on November 26, 2024, supports the Wilmington Declaration made during the Quad Leaders’ Summit, where Quad countries—India, the US, Japan, and Australia—pledged to foster…

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Saatvik Solar to supply 200 MW of high-efficiency PV modules to G2H Solar

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Saatvik Solar has entered into a contract with G2H Solar to supply 200 MW of high-efficiency solar photovoltaic (PV) modules for projects across India. The modules, featuring advanced mono PERC bifacial half-cut technology with power ratings of 540/550 Wp, will be delivered over 12 months starting in January 2025.