SUBSCRIBE NEWS LETTER

Solar Revenue

Waaree Energies Results- Q4 Revenues Up 38%, FY25 Profits Up 107%

India’s largest module , and now cell maker Waaree Energies Ltd has reported its Q4 FY25 results. The firm reported its best quarterly numbers yet, with revenues growing 38% YoY to a lifetime high of Rs. 4,141 Cr for the quarter. EBITDA grew faster on the back of improving margins, rising 116% YoY. Finally, profit […]

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New Senate Bill To Hurt Solar Growth In Texas

The Texas Senate recently passed Senate Bill 819 with a 22-9 vote, a move the Solar Energy Industries Association (SEIA) says could severely restrict new clean energy projects and jeopardize the state’s ability to meet growing energy demands. The bill allegedly introduces burdensome regulations specifically targeting new solar projects—regulations not applied to other energy sources, […]

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Update: Rayzon Solar’s Pre IPO Round Attracts $16.2 Million

An earlier version of this story mentioned Sachin Tendulkar as an investor in Rayzon Solar’s maiden funding round, based on details from the company’s regulatory filing (MGT-14).  However, the latest filing (PAS-3) does not show any share allotment to Tendulkar. Accordingly, we have updated the story and removed his name. Solar panel manufacturer Rayzon Solar […]

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Solex Energy Closer To Adding 2.2 GW Solar Production Line

 Solex Energy is set to accelerate its growth trajectory by launching a new 2.2 GW solar module production line. With this new line becoming operational, the company’s total manufacturing capacity will reach approximately 4 GW. The company added this new solar production line with ₹200 crore Investment. The new production line, targeted for completion by […]

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Trump tariffs and Impact on Indian Solar-Cloudy With Silver Linings

As governments across the world and industry coordinate to better understand the impact of the Tariff blow from the US, it is interesting to see how the solar sector in India will be affected. Keep in mind that India has slowly been emerging as a key solar manufacturer after years of efforts to push domestic […]

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20 GW Open Access Solar Opportunity From Heavy Industries In India

There is a 20 GW solar market opportunity in the top 5 producing states under the green energy open access mode of power procurement for steel, cement, and aluminum according to an Ember report. The latest report by Ember on “RE-powering India’s heavy industries: 20 GW today, 24/7 tomorrow” found that steel presents the largest […]

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5 Ways Battery Storage Is Transforming Solar Energy Deployments

Solar power’s biggest ally, the battery energy storage systems (BESS), has arrived in force in 2024. The pairing of batteries with solar photovoltaic (PV) farms is rapidly reshaping how and when solar energy is used, turning daylight-only generation into flexible, round-the-clock power. BESS has meant the momentum does not flag for solar deployments, even in […]

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As Fy25 Ends, A Mixed Message For Solar From Regulators, Courts

The final week of March, also the end of the financial year 2024-25, saw a troika of rulings in favour of solar, and solar customers by extension, across key states of Maharashtra, Karnataka and Tamil Nadu.   Maharashtra Regulator Backs Solar With Vote For Status Quo   In Maharashtra, the Maharashtra Electricity Regulatory Commission (MERC) […]

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First Solar India’s Disconnect: Big Factory, Small Home Footprint

First Solar, Inc., a US solar manufacturer, ventured into India manufacturing business with the intention of serving the domestic India market as it inaugurated a fully vertically integrated solar manufacturing plant in Tamil Nadu with a capacity of 3.3 GW. The firm also had the distinction of making it to India’s ALMM list as the […]

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