Highlights

India installed 5.93 GW of utility-scale solar capacity in Jan-Feb-March period of 2025, marking a 12.2% increase compared to the previous quarter. Additionally, around 1.34 GW was added in the rooftop solar segment during the same period.

Indian solar manufacturer Insolation Energy Ltd has reported a revenue of INR 1,333.8 crore for FY25, marking an 80.9% year-on-year (YoY) increase from INR 737.2 crore in FY 2024. Profit after tax surged 127.5% YoY to INR 126.2 crore.

A team of São Paulo-based researchers have found incorporating formamidinium cations into methylammonium-based lead iodide perovskite films increases the durability of perovskite solar cells when fabricated and measured under ambient conditions.

Italy’s Ecoprogetti has developed an automated photovoltaic recycling line that separates and recovers up to 100% of the aluminum, copper, glass, plastic and silicon in solar panels. It can process up to 60 panels per hour while using 40% less energy than other solutions on the market.

India’s AM Green and the Port of Rotterdam have signed an agreement to develop a supply-chain corridor for exporting green hydrogen, green ammonia and sustainable aviation fuels from India to Europe.

Novasys Greenergy has unveiled Lynx Series n-type TOPCon glass-backsheet bifacial solar modules in power outputs from 600 Wp to 650 Wp and efficiencies between 21.27% and 23.05%.

The latest report from the technical compliance and quality assurance company added several new producers but also noted several plant closures acorss the region. It said the current nameplate capacity for the region stands at 21 GW for modules, 3.2 GW for cells, and 1.5 GW for ingots.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, reports that pessimism in the global polysilicon market has deepened, driven by a persistent oversupply that exceeds buyers’ total monthly purchasing volumes. Several global polysilicon buyers have confirmed maintaining substantial inventories, which has contributed to the current subdued trading activity.

Hyderabad-based Bondada Engineering Ltd has secured the development of a 2.6 GWp solar power project in Ananthapuramu and Sri Sathya Sai districts of Andhra Pradesh.

India Ratings and Research (Ind-Ra) has upgraded the rating of JSW Renew Energy Two Ltd’s debt facilities from ‘IND A-/Stable’ to ‘IND A/Stable’. JSW Renew Energy Two Ltd is a step-down subsidiary of JSW Energy and is currently implementing a 300 MW AC (429 MW DC) solar power project in Thirumani, Pavagada, Karnataka.