Indosolar posts INR 55 crore profit in FY25 after Waaree takeover
Solar cell manufacturer Indosolar Ltd, now acquired by Waaree Energies, has posted a net profit of INR 55 crore for the fiscal year 2025, a sharp turnaround from a loss of INR 15.44 crore in FY 2024.
Global solar module shipments hit 703 GW in 2024
The new edition of the International Technology Roadmap for Photovoltaic (ITRPV), published this week, reports that average PV module prices last year dropped by 33% compared to the end of 2023.
Adani Green hits 14.2 GW of operational renewable energy capacity
Adani Green Energy Ltd’s operational renewable energy capacity increased 30% year-on-year to 14.2 GW in FY 2025 and is set to increase to 15.2 GW with additional 1 GW nearing completion.
Solar cells were not exempted from import tariffs in recent US Executive Order
Solar cells are not exempt from the recent reciprocal import tariffs, and recent reporting by major media outlets appears to be a mis-interpretation of government documentation.
FOB China module prices rise amid growing market expectations of sharp correction by end-Q2
In a new weekly update for pv magazine, OPIS, a Dow Jones company, FOB China TOPCon below 450 W modules for spot loading were stable at $0.093/W, with price indications between $0.087-0.100/W. Furthermore, it reveals that current price increases are not being uniformly adopted across all Chinese manufacturers, with significant price differences—often several euro cents— being observed between the Top 5 and Top 10 manufacturers.
Leveraging ESG Tech for a resilient and decentralized energy grid
According to the “Energy Statistics India 2024” report by the Ministry of Statistics and Programme Implementation, total emissions from the energy sector have been on the rise, underscoring the urgency for sustainable energy practices and stronger ESG-aligned interventions.
India’s solar exports face new U.S. tariff hurdles but are expected to stay competitive
India’s solar exports vis a vis other countries could still continue to remain competitive, though the margins could take a marginal hit.
South Africa targeting up to 5 GW of new renewables per year
The South African Renewable Energy Master Plan (SAREM) aims to deploy at least 3 GW of new renewables per year, increasing to 5 GW by 2030, while creating 25,000 jobs in the country’s renewable energy and storage sectors.
Construction starts on New Zealand’s 280 GWh agrivoltaic project
Construction on New Zealand’s largest solar farm project has begun at Te Aroha in Waikato, marking a significant milestone for the country’s renewable energy future and the potential of agrivoltaics.
Polysilicon market steady amid challenging short-term outlook
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.
