Saatvik Green Energy Limited’s material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted a domestic order worth Rs 400.16 crore for the supply of solar photovoltaic (PV) modules from a renowned independent power producer/EPC player. The order is scheduled to be executed by March 2027 and adds to Saatvik Solar Industries’ order pipeline…
The Ministry of New and Renewable Energy (MNRE) has issued a detailed clarification on the applicability of the Approved List of Models & Manufacturers (ALMM) List-II for solar PV cells, providing greater certainty for developers across utility-scale, rooftop, net-metering and captive solar projects. Issued through an Office Memorandum dated August 4, 2026, the clarification specifies…
Indian solar manufacturers strengthened their position in the Global Solar PV Module Manufacturer Ranking 2026 published by Wood Mackenzie, reflecting growing momentum for non-Chinese manufacturers amid shifts in global supply chains and localization policies. Chinese companies continued to dominate the top positions, occupying nine of the twelve places within the global top ten rankings. LONGi…
Ceigall India has received a letter of award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 147 MWac grid-connected solar project under the Mukhymantri Saur Krushi Vahini Yojana 2.0 Scheme. The project will be spread across two districts, with Ceigall India responsible for its operation and maintenance. Power generated will be supplied…
Dilip Buildcon Limited, through its joint venture DBL-APMPL, has received a letter of acceptance (LoA) from Madhya Pradesh Jal Nigam (MPJNM) to develop a 100 MW grid-connected, ground-mounted solar photovoltaic project under captive mode. The JV will handle the project’s design, engineering, supply, construction, erection, testing, and commissioning, along with operation and maintenance services for 25…
Emmvee Photovoltaic Power Limited has received clearance from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The company filed preliminary documents with SEBI in July 2025, seeking to raise Rs 30 billion through the IPO. The offering comprises a fresh issue of shares worth about Rs 21.43…
The Ministry of New and Renewable Energy (MNRE) has released the first version of its Approved List of Models and Manufacturers (ALMM) List-II for solar photovoltaic (PV) cells, featuring a total listed capacity of 13,066 MW from six manufacturers. Adani Solar leads with 3,832 MW across two units—1,939 MW of bifacial Mono PERC from Mundra…
Premier Energies Limited has launched a new 1.2 GW tunnel oxide passivated contact (TOPCon) solar cell manufacturing line at its facility in Telangana. With this move, the company becomes one of the first in India to operationalise TOPCon technology at scale. These cells can achieve efficiencies above 25 per cent. The line uses a 16-busbar…
China’s Ministry of Industry and Information Technology has finalized new investment guidelines for solar photovoltaic (PV) manufacturing projects to address persistent overcapacity and stabilize the industry. The guidelines, announced on November 20, 2024, increase the minimum capital ratio for solar PV projects to 30%, up from 20% for certain projects. This threshold, previously reserved for…
The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project. Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity. Key initiatives include constructing…