India’s next solar frontier: Captive projects are powering industrial self-reliance
Industrial belts in Punjab, Haryana, Maharashtra, Gujarat, and Tamil Nadu are becoming hotspots for captive solar. The drivers vary from steep tariffs and policy incentives to strong ESG commitments by export-oriented businesses, but the result is the same: a distributed solar network powering India’s industrial economy.
The impact of module pricing on solar project viability: Trends and predictions
India’s solar sector faces rising module costs due to recent developments, including the imposition of anti-dumping duties on solar glass and China’s reduction in export rebates on solar modules, impacting project viability. These shifts underline the delicate balance between promoting local manufacturing, pursuing geopolitical strategies, and navigating the economic realities of global trade.
Reliance Industries Ltd enters ALMM list with high-efficiency HJT solar modules
Reliance Industries Ltd (RIL) has been included in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM) with its high-efficiency heterojunction (HJT) solar modules, featuring efficiencies of up to 23.12%.
Solarium Green re-enters solar module manufacturing with new 1 GW facility in Ahmedabad
The 1 GW solar module facility is scheduled to start commercial operation in the fourth quarter of the current fiscal year 2025-26.
“Indian solar manufacturers cannot merely catch up—we must lead”
Suhas Donthi, CEO of Emmvee, speaks with pv magazine about India’s evolving role in the global solar supply chain, the risks of oversupply, and what it will take for Indian manufacturers to lead on the world stage.
India added 25.3 GW of solar module and 11.6 GW cell capacity in 2024, says Mercom
Domestic manufacturers added 25.3 GW of solar module manufacturing capacity in 2024, taking the nation’s panel capacity to 90.9 GW as of Dec. 31, 2024.
Acme Group targets INR 10,000 crore revenue from solar cell, module manufacturing business by 2030
Acme Group plans to scale the manufacturing capacity of its recently commissioned 1.2 GW solar module factory as well as establish a PV cell facility under its new business entity Acme Renewable Equipment Manufacturing.
AXITEC Energy India secures ALMM approval for 18 MW/year of solar module capacity
AXITEC Energy India stated five models of its mono c-Si PERC solar modules are now included in the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE).
CARE upgrades Waaree Energies’ credit rating to A+
Waaree Energies’ healthy order book of 26.5 GW (worth INR 50,000 crore) as on Dec. 31, 2024 provides a strong revenue visibility. Going forward, the demand prospects for the company are expected to remain strong in the domestic market, given favourable government policies.
India added 6.9 GW of C&I offsite solar in 2024, up 77% YoY
India’s cumulative installed open access (offsite commercial and industrial) solar capacity reached 20.2 GW as of Dec. 31 2024 with a record annual addition of 6.9 GW in 2024
