Modules & Upstream Manufacturing

Chinese manufacturers such as JinkoSolar and DMEGC Solar have launched low-carbon PV modules that comply with France’s 530 kgCO₂eq/kWp threshold for residential systems eligible for a 5.5% value-added tax (VAT) rate, with more compliant products expected.

Gautam Solar has reported a turnover of INR 1,580 crore in the first half of FY2026, representing a 51.34% increase over its total turnover for the entire FY2025. The company stated that it has a robust order book and expects its FY2026 turnover to be at least 2.5 times that of FY2025.

A comprehensive new report from IEA PVPS Task 12 reveals how countries around the world are managing the growing volumes of end-of-life solar modules, implementing regulations and scaling recycling infrastructure to handle the expected increment in PV waste over the coming decades.

Vikram Solar has secured the order to supply 148.9 MW of its 595 Wp n-type TOPCon modules for Sunsure’s projects across Maharashtra and Uttar Pradesh.

Canadian researchers investigated how the transparency of cadmium telluride and crystalline silicon solar panels affects lettuce growth in agrivoltaic systems. They found that 69%–transparent silicon panels increased lettuce yield by 3.6%, whereas cadmium telluride panels led to a reduction in yield.

Countries reliant on imported minerals and components are rethinking energy strategies in solar, batteries, and green hydrogen. Securing upstream and midstream processes is no longer optional but essential for flexibility. India’s integrated approach across mining, processing, and manufacturing positions the country as a challenging player on the world stage.

Vikram Solar has posted a consolidated revenue of INR 1,109.9 crore for Q2FY26, up 93.7% year-on-year (YoY). PAT for the quarter rose 1,636.5% YoY to INR 128.5 crore with a PAT margin of 11.58%.

Waaree Energies Ltd has reported a total income of INR 6,226.54 crore for Q2 FY2026, marking a stellar 69.96% year-on-year (YoY) growth. Net profit (profit after tax) for the quarter surged by 133.78% YoY to INR 878.21 crore.

Demand for copper, often considered as one of the most valuable alternatives to silver in solar manufacturing, is expected to increase by almost a quarter globally by the middle of next decade. Wood Mackenzie says the energy transition is one of four ‘disruptors’ that could cause demand to increase further.

Saatvik Green Energy announced today that it has received orders for the supply of high-efficiency solar PV modules worth INR 689.47 crore. The orders have been placed by multiple private-sector power producers and EPC installers across India.