Markets & Policy

The factory, spread across 180,000 sq. ft., is capable of producing over 1,800 transformers annually, significantly expanding the company’s ability to serve key markets in India, Europe, and the United States.

India’s solar module manufacturing capacity has reached around 100 GW, enough to meet domestic demand. However, with total module capacity rising to 190 GW by March 2027 and export opportunities narrowing, the market faces oversupply crisis, states a new report by SBICAPS.

The Australian Renewable Energy Agency has launched a AUD 500 million ($324 million) initiative aimed at supercharging Australia’s battery manufacturing industry and seizing opportunities associated with the global renewable energy transition.

India has drawn billions of dollars into renewable infrastructure from global institutional investors, private equity firms, and corporate stakeholders. Initiatives such as the National Solar Mission, coupled with predictable tariff structures and streamlined regulatory mechanisms, have created a conducive environment for capital deployment.

Vikram Solar Ltd’s Initial Public Offering (IPO) received a strong response on Day 1, with the non-institutional investors’ portion subscribed 3.84 times and the retail portion 1.37 times.

Waaree Energies Ltd has issued a clarification regarding recent media reports suggesting that its deal for acquisition of Enel Green Power India is on the verge of collapse. In a regulatory statement, the company stated that certain commercial terms of the agreement are under review and the company is in discussions for the same.

Torrent Gas will blend green hydrogen up to 2% with natural gas in its city gas distribution (CGD) network and supply the blend to domestic households, CNG stations, and industries in the region.

Entrepreneur and investor Nikhil Kamath has invested INR 137.5 crore in Goldi Solar, a Gujarat-based solar PV module manufacturing company. The investment will enable Goldi Solar to expand its production.

The revised timeline for the implementation of the Approved List of Models and Manufacturers for Solar Cells (ALMM-II) offers temporary relief to solar developers amid persistent domestic cell supply constraints. However, it also introduces fresh regulatory challenges, particularly around tariff renegotiations for recently awarded projects, according to analysts at CareEdge Ratings.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.