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.
Waaree Renewable Technologies posts INR 1,597.75 crore revenue for FY 2024-25
Waaree Renewable Technologies has reported a revenue of INR 1,597.75 crore for FY 2024-25, a growth of 82.3% compared to INR 876.50 crore in FY 2023-24.
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.
The Hydrogen Stream: EU backs €400 million H2 scheme in Spain
The European Commission has cleared a €400 million ($455.2 million) Spanish aid program to scale renewable hydrogen output, backing up to 345 MW of electrolyzer capacity and targeting 221,000 tons of production via the EU Hydrogen Bank’s 2025 auction round.
Attero enters solar panel recycling MoU with NISE
Attero and the National Institute of Solar Energy (NISE) have signed a memorandum of understanding for research and development of solar panel recycling technology in India.
WorldOne Energies commissions 1.2 GW solar module line
WorldOne Energies has commissioned a 1.2 GW solar module manufacturing line that will produce its Supreme series n-type TOPCon panels.
Emmvee expands solar module capacity to 6.6 GW
India’s Emmvee has opened its fifth solar module manufacturing facility in Bengaluru. With this expansion, it has reached a capacity of 6.6 GWp for PV modules and 2.5 GWp for cells.
EcoFlow launches balcony PV system, batteries with AI features
EcoFlow’s new Stream series, its second-gen balcony solar plant, enables battery coordination and plug-and-play solar for distributed batteries, plus third-party microinverter coordination for its new battery.
Coal India Ltd tenders 1 GW solar EPC in Rajasthan
Coal India Ltd (CIL) is accepting bids to set up a 1 GW grid-connected solar PV plant on a turnkey basis at Rajasthan Rajya Vidyut Utpadan Nigam Ltd’s 2 GW Solar Park in Rajasthan. Bidding closes on May 7.
Aluminium sector could add up to 20 GW of solar and wind power capacity by 2030
With new smelting capacity on the horizon, the aluminium industry is well-positioned to drive a major shift toward clean energy, says a new report by JMK Research.
