COVER STORY: India’s Different Path For Solar Module Manufacturing Updated On Fri, Mar 21st, 2025 by Saurenergy On February 17, the Ministry of New and Renewable Energy (MNRE) issued its latest ALMM (Approved List of Models and Manufacturers) list. The issuing of the much-awaited list has been increasing in frequency over the year, as the rate of addition of new firms and module manufacturing capacity picks up pace. From just 26 manufacturers […] Read more
Korea Firm OCI To Build 2 GW Cell Manufacturing Plant In US Updated On Fri, Mar 21st, 2025 by Saurenergy Korean chemical industries company OCI Holdings will build a 2GW solar cell production facility in Texas. The Korean firm had closed 2024 with revenues of almost $2.5 billion. With a strong presence in photovoltaic polysilicon manufacturing including plants in Malaysia, the firm is hopeful that its own polysilicon supply chain will provide it a competitive […] Read more
Folks Motor Commits ₹500cr For EVs, Aims Local Manufacturing Updated On Thu, Mar 20th, 2025 by Saurenergy Hybrid electric retrofit solutions company Folks Motor has announced a Rs 500 crore capital expenditure (CAPEX) investment over the next five years under the Production Linked Incentive (PLI) scheme. This investment is directed towards developing dedicated EV warehousing industrial parks, strengthening India’s EV supply chain, and addressing the critical challenge of achieving 50% domestic value […] Read more
Krivi Energy Plans Solar Manufacturing, Eyes IPO in 2026 Updated On Mon, Mar 17th, 2025 by Saurenergy Krivi Energy, another new entrant to the solar manufacturing is now planning big for its near future. The new emerging solar module manufacturer, is gearing up for a significant expansion in the Indian solar manufacturing sector post its entry. The company has outlined an ambitious roadmap that includes increasing its production capacity, launching an IPO, […] Read more
Shakti Pump Secures Land To Setup Solar Cell, Module Manufacturing Facility Updated On Thu, Mar 13th, 2025 by Saurenergy Madhya Pradesh-based solar pump company, Shakti Pumps, has recently secured land for setting up a solar cell and PV module manufacturing facility using wafers as input material. The company announced this development in a regulatory filing, stating, “Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 113 acres of land to our wholly owned subsidiary, […] Read more
US Solar Module Manufacturing Soared 190% To 42.1 GW In 2024 Updated On Wed, Mar 12th, 2025 by Saurenergy In 2024, the United States witnessed an increase in the commercial solar segment with the addition of 2.1 GWdc of newly installed capacity. The company reported an 8% year-over-year increase in this segment compared to 2023, according to a Wood Mackenzie Report. US solar module manufacturing capacity also tripled. The US solar module manufacturing industry […] Read more
Knack Energy To Boost Solar Module Manufacturing Capacity Updated On Mon, Mar 10th, 2025 by Saurenergy Gujarat-based solar company Knack Energy is setting its sights on expanding its footprint in India’s solar module manufacturing sector. Having initially specialized in producing EVA (Ethylene Vinyl Acetate), backsheet, and other key solar components, the company recently entered the solar module manufacturing space and is now gearing up for significant capacity expansion. Ravi Patel, Director […] Read more
CEL Seeks EoI For 40 MWp Automated Solar Manufacturing Plant Updated On Thu, Feb 20th, 2025 by Saurenergy Central Electronics Limited (CEL), has issued an Expression of Interest (EOI) seeking vendors to identify domestic suppliers for outsourcing the Automated Solar PV Module Manufacturing Plant. The plant has an annual capacity of 40 MWp when operated in three shifts and will be located in Sahibabad on an ‘as-is-where-is’ basis. The last date for EoI […] Read more
Budget 2025- Green Stocks Fail To Fire Despite Manufacturing Push Updated On Sat, Feb 1st, 2025 by Saurenergy The 2025 budget presented by Finance Minister Nirmala Sitharaman had one announcement at the end that overshadowed almost everything mentioned before. Yes, we are referring to the hike in Income Tax exemption limit for salaried individuals to Rs 12 lacs, a move that is seen as the biggest effort yet to spur domestic consumption by […] Read more
