INOX Air Products (INOXAP) has signed a 15-year agreement with Insolation Green Energy (INA Solar), a wholly owned subsidiary of Insolation Energy Ltd, to supply ultra-high purity (UHP) nitrogen to the company’s 4.5 GW solar cell manufacturing facility under development in Narmadapuram, Madhya Pradesh. Under the contract, INOXAP will supply UHP nitrogen at 2,400 Nm3/hour…
StarlinePS Enterprises Limited has approved the acquisition of a 50% stake in Celloraa Energy Private Limited, a solar cell manufacturing company, for a total cash consideration of Rs 160 crore. The approval was granted by the company’s Board of Directors. Under the transaction, StarlinePS will acquire 25,000 equity shares of Celloraa Energy at Rs 64,000…
Waaree Energies Limited has issued a clarification regarding recent media reports on a determination by the U.S. Customs and Border Protection (CBP) in EAPA Consolidated Investigation No. 8163. The company said the determination followed a detailed investigation, including an on-site verification of its manufacturing facility in India. According to Waaree, CBP confirmed that the company…
Chief Minister Yogi Adityanath has laid the foundation stone for SAEL’s integrated solar cell and module manufacturing plant in Jewar, Uttar Pradesh. The Rs 8,200 crore project will be developed on 200 acres in the Yamuna Expressway Industrial Development Authority (YEIDA) region and is designed as a 10 GW integrated manufacturing facility comprising 5 GW…
RENA Technologies has secured a contract from EMMVEE Energy Private Limited for the supply of high-throughput solar cell production equipment with a total manufacturing capacity of 6 GW. The project is aimed at expanding domestic photovoltaic manufacturing capacity in India. The equipment will support the production of Tunnel Oxide Passivated Contact (TOPCon) solar cells. The…
Jupiter International Limited has commenced production at a new 1.25 GW Tunnel Oxide Passivated Contact (TOPCon) solar cell manufacturing line at its Baddi campus in Himachal Pradesh. With the commissioning of the new facility, the company’s total solar cell manufacturing capacity has increased from 2 GW to 3.25 GW. The company has invested Rs 550…
Vikram Solar Ltd has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging an order of the Kolkata bench of the National Company Law Tribunal (NCLT) that admitted an insolvency petition against the company. The appeal has been filed even as the Corporate Insolvency Resolution Process (CIRP) has commenced, with the Interim…
Domestic solar cells are expected to meet around half of India’s total solar cell demand in fiscal 2027, up from about one-fourth in the previous fiscal, driven by the implementation of the Approved List of Cell Manufacturers (ALCM) and rapid capacity expansion, according to Crisil Ratings. The agency said the shift will reduce dependence on…
Navitas Solar has announced plans to invest around Rs 1,500 crore to establish a 3.6 GW solar cell manufacturing facility and a pilot wafer-and-ingot production line at its Ankleshwar campus in Gujarat. The project marks the company’s entry into solar cell manufacturing and expands its presence across the solar value chain. The expansion will be…
HVR Solar has signed a series of memorandums of understanding (MoUs) with international technology providers and solution partners for a proposed 1.2 GW TOPCon solar cell manufacturing facility in Uttar Pradesh. The move marks the company’s entry into solar cell manufacturing and expands its presence across the solar value chain. The agreements were signed during…