Indian Renewable Energy Development Agency Limited (IREDA) has approved a loan of Rs 1,134 crore for Insolation Green Energy, a wholly owned subsidiary, to develop a 4.5 GW solar cell manufacturing unit in Madhya Pradesh. The company said the total project cost is estimated at Rs 1,512 crore, of which IREDA will provide Rs 1,134…
The Yamuna Expressway Industrial Development Authority (Yeida) has announced that the RP-Sanjiv Goenka Group will develop a renewable energy project in Sector 8B near Noida International Airport, with a planned investment of Rs 3,000 crore. The project will include a 3 GW solar cell facility and an integrated solar ecosystem hub. The plan includes a…
Vikram Solar Limited has reported revenue of Rs 11.33 billion for the first quarter of FY 2025-26, ending June 30, 2025. This reflects a 79.7 per cent increase from Rs 6.30 billion in the same period last year. Earnings before interest, taxes, depreciation, and amortisation stood at Rs 2.42 billion in Q1 FY 2025-26, compared…
GREW Solar has raised Rs 3 billion from a group of investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company will direct the capital towards product development, technology upgrades, and business expansion. GREW Solar operates as the renewable energy subsidiary of the India-based Chiripal Group and manufactures solar photovoltaic (PV) modules. Established…
Gautam Solar Pvt Ltd has announced plans to invest Rs 4,000 crore in a new solar cell manufacturing facility in Madhya Pradesh. The project will be located on a 54-acre site in Gwalior. According to the company, the facility will focus on producing advanced Tunnel Oxide Passivated Contact (TOPCon) solar cells, with a total planned…
Jakson Engineers Ltd, part of the Jakson Group, will invest over Rs 8,000 crore to establish a 6 GW integrated solar module, cell, and wafer manufacturing plant at Maksi Phase II in Madhya Pradesh.  The facility will be developed in two stages. In Phase I, the company will set up 3 GW of solar modules…
US solar cell manufacturer First Solar has filed a lawsuit against Adani Group’s Mundra Solar PV Ltd (MSPVL) in a Delaware court, alleging infringement of two patented solar panel manufacturing technologies. The company has sought compensation but has not disclosed the amount. According to Mint, First Solar contacted the Adani Group on April 1, claiming…
Alpex Solar Ltd will establish a 1.2 GW solar module manufacturing plant in Mathura, Uttar Pradesh, as part of its capacity expansion. The board has approved the project, which will raise total manufacturing capacity to 3.6 GWs. The facility, with an investment of Rs 110 crore funded through internal resources and credit, is scheduled to…
India has reached 100 GW of solar photovoltaic (PV) module manufacturing capacity registered under the Approved List of Models and Manufacturers (ALMM) for Solar PV Modules.  Union Minister for New and Renewable Energy Pralhad Joshi said the increase was enabled by policy measures such as the Production Linked Incentive (PLI) Scheme for high-efficiency solar modules….
Waaree Energies has started production at its new solar module manufacturing plant in Chikhli, located in Gujarat’s Navsari district. The facility adds 1.8 GW to the company’s annual module output. With this addition, Waaree’s total installed solar module manufacturing capacity has reached 16.8 GW. The company also runs a solar cell production line with 5.4…