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 hybrid renewable energy project delivers 7.5 MW of round-the-clock clean power to UltraTech’s cement manufacturing unit through co-located solar, wind, and battery storage components.
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.
On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi unveiled India’s roadmap to energy self-reliance, highlighting key milestones in solar energy and green hydrogen.
PNC Infratech has received a Letter of Award (LoA) from NHPC for the development of a 300 MW interstate transmission system (ISTS)-connected solar power project, integrated with a 150 MW/600 MWh energy storage system.
Jakson Green has emerged as the successful bidder in Solar Energy Corp. of India’s (SECI) 6th green ammonia auction, securing a capacity of 85,000 tonnes per annum (tpa) at a record-low price of INR 50.75 per kg.
Redington has partnered with Websol Energy System to introduce bundled solar kits for homes and small businesses, each containing high-efficiency Websol modules, inverters, and all essential Balance of System (BoS) accessories. The kits are available in sizes from 2 kW to 10 kW.
ReNew Energy Global has reported a net profit of INR 5,131 million for the first quarter of fiscal year 2026 (Q1 FY26), marking a 13-fold increase from INR 394 million in Q1 FY25. A significant portion of the profit—INR 3,562 million—was contributed by external sales from the company’s solar module and cell manufacturing business.
The economics of solar have evolved significantly. With declining panel costs and robust government support—through schemes like the PM Surya Ghar Muft Bijli Yojana and PM-KUSUM—solar is now a financially viable solution for municipalities and citizens alike.
The funding will support the execution of large-scale renewable energy projects by the company and its subsidiaries, further strengthening its operational capacity.
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