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 corporate solar funding falls 41% to $4.8 billion
Corporate funding in solar fell 41% year-over-year in Q1, 2025 due to policy reversals, tariff shocks and regulatory uncertainties, said a report from Mercom Capital.
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.
IEA’s World Energy Outlook systemically underestimates solar PV development
Since 1993, the World Energy Outlook (WEO) of the International Energy Agency (IEA) has been an authoritative report on energy statistics and guiding future energy supply and demand developments. An examination of these reports, however, indicates that even the most progressive of WEO scenarios has vastly underestimated the growth of renewable energy technologies, especially solar PV.
BC Jindal Group announces INR 15,000-crore investment in solar and battery manufacturing
The BC Jindal Group has unveiled plans to invest INR 15,000 crore by 2030 to establish multigigawatt-scale manufacturing capacities for solar cells and modules, battery cells and packs, and solar glass.
Havells invests INR 600 crore in Goldi Solar
Havells India Ltd has signed binding term sheet to invest INR 600 crore in Surat-based PV module manufacturer Goldi Solar (Goldi). As part of conditions precedent to the transaction, Havells will enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
India’s installed rooftop solar capacity expected to reach 30 GW by FY27
India’s installed rooftop solar capacity will reach 25–30 GW by FY 2027 from 17 GW in FY 2025, according to CareEdge Advisory & Research.
Jupiter International raises INR 500 crore from ValueQuest and its affiliates for solar manufacturing expansion
Jupiter International Ltd has secured an INR 500 crore investment from ValueQuest SCALE Fund and its affiliates to support expansion of its solar manufacturing capacity.
