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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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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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COVER STORY: India’s Different Path For Solar Module Manufacturing

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 […]

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IIT Bombay’s 4T Silicon-Perovskite Tandem Solar Cell Hits 26% Efficiency

The Indian Institute of Technology, Bombay (IIT-B) has conducted one of the first experimental demonstrations of a 4T silicon-perovskite tandem solar cell, achieving over 26% efficiency. A team at the National Centre for Photovoltaic Research and Education (NCPRE) at IIT Bombay fabricated a semi-transparent perovskite solar cell (PSC), which, when combined with a silicon-based solar […]

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PM-KUSUM Comp A: JDVVNL Issues Tender To Build 101.15 MW Solar Projects

Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) has issued Expression of Interest (EoI) invite proposal to build a total 101.15 MW grid-connected solar project under PM-KUSUM Comp-A. It has sought bids until March 7, 2025  JDVVNL latest tender includes the work of design, survey, supply, installation, testing, commissioning, operation & maintenance for 25 years from Commmercial […]

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Customer Service To Forefront As India’s Solar Boom Spreads

India’s solar ambitions are on a roll, and that’s visible in more ways than one. More and more solar installations are popping up if you look up from your phone around you, the number of solar firms listed on stock exchanges has gone up exponentially within two years, and of course, celebrities and influencers can […]

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First Solar Q4 Results Continue To Wait On India Surge, Ships 14.1 GW Worldwide

First Solar, Inc. has announced financial results for the fourth quarter and year ended December 31, 2024. The US-based company’s net sales for the fourth quarter were $1.5 billion, an increase of $0.6 billion from the prior quarter. The increase was primarily a result of increased module sales in the fourth quarter. In an earnings […]

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China’s March Towards 3000 GW Renewables By 2030, 2025 Solar Price Trends

In news from China, the National Energy Administration (NEA) of the country has confirmed that in 2024, China added 373 GW of renewable capacity.  This is a 23 percent year on year rise. Those additions, which accounted for 86% of all power capacity added, also took the share of renewables in total capacity to 56 […]

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