The solar glass opportunity in India
Large capacity addition in solar modules by 15-20 players is likely to drive domestic solar glass demand, say CRISIL analysts in an interview with pv magazine. New players have expressed interest to set up solar glass manufacturing in India, however, import duty removal last year on solar tempered glass has put them in a wait and watch mode.
Borosil Renewables profit drops 47% as margins contract
The Indian solar glass manufacturer recorded a net profit (profit after tax) of INR 88.54 crore in FY 2023, a decrease of 47% over FY 2022.
Borosil Renewables’ solar glass capacity in Germany increases to 350 tpd
Borosil Renewables said the solar glass capacity of its German arm GMB Glasmanufaktur Brandenburg GmbH has increased to 350 tonnes per day (tpd) from 300 tpd following the modification and cold repair of its furnace.
Triveni Glass to build solar glass factory in Andhra Pradesh
Triveni Glass is the latest to venture into solar glass production after Asahi India Glass, Gold Plus Glass Industry, and Chiripal Group. It plans an 840tpd factory with an estimated investment of INR 1,000 crore.
Borosil expands solar glass capacity in India to 1,000 tpd
Gujarat-based Borosil Renewables has started trial production from its third solar glass furnace, raising its capacity in India to 1,000 tons per day (tpd). Its cumulative solar glass capacity has reached 1,300 tpd, which includes 300 tpd in Germany added through the acquisition of Interfloat Group.
Borosil Renewables completes acquisition of 86% in Europe’s largest solar glass maker Interfloat Group
Borosil Renewables had signed a binding offer for 100% equity in Interfloat Group, Europe’s largest solar glass manufacturer, in April this year.
Borosil Renewables posts 28% net sales increase for FY 2021-22
Borosil Renewables, an Indian solar glass manufacturer, has recorded net sales of around INR 644 crore ($83 million) for fiscal 2021-22. It operated almost at full capacity throughout the year and sold out of everything it produced.
Borosil Renewables to acquire Europe’s largest solar glass maker Interfloat Group
With this acquisition, the Indian manufacturer’s solar glass output will grow to 750 tonnes per day (TPD) from the current 450 TPD.
Borosil Renewables to expand solar glass manufacturing capacity to 2,000 tons per day
The solar panel glass manufacturer expects strong growth in demand for its products at home and abroad with a significant rise expected in the production of PV modules in the USA and Europe.
New solar glass factory to come up in India
Auto glass producer Asahi India Glass and polyfilm maker Vishakha Group have teamed up to set up India’s largest solar glass plant in Gujarat. The factory is initially planned to have a capacity equivalent to 3 GW of solar installation per annum.
