SWELECT Energy Secures 150 MW Module Order, Rises ₹290cr Updated On Wed, Mar 12th, 2025 by Saurenergy Solar energy company SWELECT Energy Systems Ltd today announced securing orders of over 150 MW for its TOPCon Bi-facial solar PV modules. Additionally, SWELECT Group has successfully raised ₹290 crore funding through Non-Convertible Debentures (NCDs) via a private placement with India Infradebt Limited, the company said. This move, secured against a portion of its Solar […] Read more
Macwin Solar Aims To Start New TOPCon Module Production From April Updated On Tue, Mar 11th, 2025 by Saurenergy Gujarat-based solar company Macwin Solar has now planned to start the production of TOPCon-based solar modules from April of this year, the top management of the company told Saur Energy. In an interaction with Saur Energy, Parth Budheliya, Chief Operating Officer (COO) of the firm, said that the company plans to carve out its own […] 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
Module Demand To Rise Significantly In FY26, FY27: SBI Caps Updated On Wed, Mar 5th, 2025 by Saurenergy A latest report from SBI CAPS claimed that the annual module demand is likely to touch 100 GW soon. The report said the higher demand is likely to be triggered with the faster pace of adoption of solar power. The report also said that the faster pace of PM Surya Ghar scheme installations could also […] Read more
Module Scarcity Delaying Solar Projects In India, Hints NLC India Updated On Mon, Mar 3rd, 2025 by Saurenergy Indian Public Sector Utility (PSU), NLC India has hinted that the delay in the supply of domestic solar modules in the country is leading to delays in solar projects. The top management of the firm in a recent investor’s call revealed that the demand for domestic modules has led to a shortage of timely delivery […] Read more
Novasys To Supply TOPCon Based Modules From April, IPO Soon Updated On Fri, Feb 21st, 2025 by Saurenergy Maharashtra-based solar module manufacturer Novasys (Nova Solar) has now planned to start supplying TOPCOn solar modules from April of this year. The top management of the company in an interaction with Saur Energy said that it has received the concerned approvals for the same. The firm also announced launching IPO in FY26. “We have launched […] Read more
India’s Solar Exports Drop from $1,969 Mn To $782.11 Mn Updated On Wed, Feb 12th, 2025 by Saurenergy Solar PV module exports from India have evolved over the last few years. In FY 2021-22, the value of exports of solar PV modules was around 83 million USD, which rose to around 1,969 million USD in FY 2023-24. As of FY 2024-25 (till November 2024), solar PV modules worth around 782.11 million USD have […] Read more
BUDGET: FM Proposes Amending Duties For Solar Cells, Modules Updated On Sat, Feb 1st, 2025 by Saurenergy Union Finance Minister Nirmala Sitharaman today presented the Union Budget 2025. Although the minister did not explicitly use the word ‘renewable’ in her speech or announce any scheme or support for the sector exclusively, the finer details of the budget document revealed some changes. The budget documents revealed that the government has decided to amend […] Read more
ALMM: Vikram Solar, Rayzon, Swelect & Others Add New Capacities Updated On Fri, Jan 24th, 2025 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has released its updated Approved List of Models and Manufacturers (ALMM), pegging India’s cumulative enlisted solar module manufacturing capacity at 67.40 GW. New Entrants and Capacity Additions The latest ALMM highlights the addition of new capacities from eight domestic solar module manufacturers, including three new entrants. Notably, […] Read more
