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Solar Revenue

2024: Adani, Jinko Among 10 Firms That Shipped 500 GW Solar Modules

The world’s top 10 solar photovoltaic (PV) module manufacturers shipped a record 500 gigawatts (GW) of modules in 2024, nearly doubling the previous year’s volume, according to Wood Mackenzie’s new Global Solar Module Manufacturer Rankings 2025 report. Despite this surge in shipments, the leading players collectively reported losses of US$4 billion as revenues declined significantly […]

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Vikram Solar Moves Closer to ₹ 1500 Cr IPO

Vikram Solar Limited, one of India’s largest solar photo-voltaic modules manufacturers in terms of installed capacity, with more than 15 years of experience in the industry as of 31, March 2024, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). […]

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Solar’s Next Big Challenge- Sustainable Growth

It has been an abiding mystery how many business journalists, for all the knowledge they collect on their preferred sectors, usually ignore the financials of the firms they track. Relationships with firms, especially if they are not publicly traded, tend to be at an arm’s length, with information supplied on a need-to-know basis. The solar […]

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Saatvik Green Energy Marks 10 Years In India’s Solar Sector

Indian solar module manufacturer Saatvik Green Energy Ltd (SGEL) on Wednesday marked its 10th anniversary, highlighting a decade of operations in the country’s clean energy sector. Founded on May 29, 2015, as Saatvik Green Energy Pvt Ltd, the company was incorporated under the Companies Act, 2013. It transitioned to a public limited company in September […]

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Andhra Pradesh: Bondada Wins 2 GW Solar Allocation

Hyderabad-based Bondada Engineering received a Government Order (GO) from the Andhra Pradesh Energy Department for the allocation of 2,000 MW AC / 2,600 MWp DC solar power, the company said in a regulatory filing. It added that the capacity was secured for these projects at various locations across the Ananthapuramu and Sri Sathya Sai districts. […]

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Australia’s Residential Storage Boom Portends The Next Solar Trigger In India As Well

Australia is among the frontrunners in the recent surge of energy storage that the world is witnessing. Needed in order to support the robust renewable energy growth and the changing energy industry dynamics. The home / residential battery market, in particular, is experiencing significant growth in Australia, with a recent surge in demand attributed to […]

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NTPC Green Q4 Profit Jumps 188% on Strong Revenue

NTPC Green Energy Ltd., a subsidiary of India’s largest power generator, reported a more than three-fold jump in its fourth-quarter net profit, buoyed by robust revenue growth and operational efficiency. For the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹233.21 crore, up sharply from ₹80.95 crore in the same […]

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ACME Solar Commissions 112.5 MW at Sikar Solar Project

ACME Solar Holdings Ltd has commissioned an additional 112.5 megawatts (MW) at its solar power project in Sikar, Rajasthan, taking the total operational capacity at the site to 165 MW out of a planned 300 MW, the company said. The second-phase commissioning, completed on May 19, follows an initial 52.5 MW commissioned earlier this month. […]

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MERC Clarifies On Rooftop Solar, Open Access Rules

The Maharashtra Electricity Regulatory Commission (MERC) has issued key clarifications on rooftop solar and open access energy rules, addressing consumer concerns on banking charges, eligibility, and implementation under recently amended regulations. In an order passed last week, the Maharashtra Electricity Regulatory Commission (MERC) responded to a public interest petition filed by a renewable energy consultant. […]

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