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Markets & Policy

India Ratings maintains stable outlook for solar projects in FY 2024

The significant fall in solar module prices over the last six months is positive for under-construction projects.

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Solar energy as the change maker in rural India

To scale the adoption of clean technologies in rural areas, we need to focus more on leveraging the experience of early women adopters. We should organise hyperlocal events and demos – create spaces for women to network and become aware.

Tata Power posts INR 1,017 crore profit in Q2 FY 2024

Tata Power clocked 16th consecutive quarter of net profit (profit after tax) growth with Q2 FY 2024 profit rising 9% YoY to INR 1,017 crore ($122.18 million).

​​Gensol Engineering revenue up 88% YoY in H1 FY 2024

Gensol Engineering Ltd recorded a revenue of INR 344.03 crore ($41.3 million) in H1 FY24, 88% up from INR 183.25 crore in H1 FY23. Profit after tax (PAT) grew 24% to INR 22.16 crore.

Major U.S. solar developer announces recycling plans

EDF Renewables North America signs on with Solarcycle to recycle damaged or broken solar panels.

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India will overtake Southeast Asia as the second-largest solar module producer by 2025

A Wood Mackenzie report forecasts China will dominate solar manufacturing through 2026, holding more than 80% of poly, wafer, cell and module manufacturing capacity for the next three years.

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Alpex Solar aims to surpass INR 1,000 crore revenue by FY 2026

Indian PV manufacturer Alpex Solar aims 2.5-fold growth to reach INR 1,000 crore revenue in FY 2026.

Hartek to venture into green hydrogen

Hartek plans to enter green hydrogen business as an EPC provider as well as a developer.

L&T joins the Hydrogen Council  

Larsen & Toubro has presence across green hydrogen project development/EPC, electrolyzer manufacturing, and battery cell manufacturing. As a hydrogen council member, the company intends to foster collaboration within the hydrogen industry. 

Install grid-connected solar, rinse, repeat

Will a redeployable solar and energy storage solution be the answer to unreliable grid electricity across much of Africa, as its developer proposes? Or will it merely be a temporary solution that will see cash-strapped utilities kick the can of universal energy access further down the road?

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