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Modules & Upstream Manufacturing

AGC, NPC developing new PV cover glass recycling tech

The Japanese companies announced a partnership to advance the recycling of solar panel cover glass for application in architectural flat glass production.

Solar module recycling offers an INR 3,709 crore market opportunity in 2047: CEEW

India is estimated to generate over 11 million tonnes of solar waste by 2047. Recycling could meet up to 38% of India’s future solar material needs.

SAEL plans INR 4,575 crore IPO; files draft papers with SEBI

SAEL Industries Ltd has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India (SEBI) to raise up to INR 4,575 crore through initial public offerings.

Saatvik Green Energy secures INR 299.40 crore solar module order

Saatvik Green Energy has secured orders aggregating to INR 299.40 crore for supply of n-type TOPCon solar PV modules. The supply of modules is scheduled from Dec. 2025 to March 2026.

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Researchers develop antimony-doped n-type silicon ingots to enhance solar module mechanical strength

An international team is proposing to use antimony-doped Czochralski-grown silicon as an alternative to n-type silicon for photovoltaic applications. Their analysis showed that 140 μm as-cut planar antimony-doped wafers exhibit slightly higher mechanical strength compared to common wafers doped with phosphorous.

First Solar plans fifth US factory with 3.7 GW capacity addition

First Solar will build a fifth US module plant with 3.7 GW of annual output, lifting its total domestic capacity to more than 14 GW by 2026 and reinforcing its position as the country’s largest solar manufacturer.

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ANIL reports 2.4 GW solar module sales in first half of FY26

Adani New Industries Ltd (ANIL) has reported 2,443 MW of solar PV module sales for the first half of fiscal year 2026 (H1 FY26), up from 2,380 MW in the same period last year (H1 FY25).

Alpex Solar H1 profit surges 283% YoY to INR 94.95 crore

Alpex Solar Ltd has reported consolidated operational revenue of INR 903.24 crore in H1 FY26, up 241% from INR 265.13 crore in H1 FY 2025. Net profit rose 283% YoY to INR 94.95 crore.

India’s solar module production capacity to reach 215–220 GWp by FY28: CareEdge Ratings

India’s solar module manufacturing capacity is expected to reach 215–220 GWp by FY28, driven by strong policy support, growing domestic demand, and export opportunities, according to a new report by CareEdge Ratings. The country’s solar cell manufacturing capacity is also projected to rise sharply to around 100 GWp by FY28.

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Jharkhand can emerge as a front-runner in India’s low-carbon transition

Jharkhand’s vast renewable energy potential, combined with its industrial base and critical mineral reserves, positions the state to emerge as a hub for low-carbon manufacturing, ranging from EVs, solar panels and battery energy storage systems (BESS) to green hydrogen production.

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