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Solar Revenue

Solar Glass: Borosil Renewables Halts German Unit To Cut Losses

Indian solar glass manufacturer Borosil Renewables has implemented its plan to temporarily halt solar glass production at its German plant. The Board of Directors had previously planned this move to reduce losses at the plant due to low demand for solar glass in the European market. Borosil Renewables produces solar glass in Germany through GMB […]

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Premier Energies Subsidiaries Get Solar Cells, Module Orders From Two IPPs

Subsidiaries of Telangana-based Premier Energies have secured multiple solar cells and module supply orders. The company got the order totaling Rs.1460 crore from two large Independent Power Producers (IPPs) and others. Sharing the estimated timeline for the order, the company noted, “The supply of these modules is scheduled to commence in May 2025.” The subsidiaries […]

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Poly Medicure, AMPIN Form JV For Haryana Solar Project

Poly Medicure, a medical devices manufacturer and exporter, recently formed a Joint Venture Company (JVC) with AMPIN Energy Transition (formerly Amp Energy), to establish a solar power project. The collaboration aims to set up a solar power project, to supply power to the company as a captive generating plant for the company’s manufacturing facility, in […]

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Solex Energy Achieved 103% Revenue Growth In First 9 Months Of FY 2024

Surat based Solex Energy Limited (NSE: SOLEX), one of India’s most established solar brands, has announced its  financial performance for the year to date (YTD) or nine months ending 31 December. The company reported consolidated revenue of ₹408 crores, reflecting an impressive 103% increase from the previous year for the same period. The company is […]

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Husk’s Solar Capacity Hits 20 MW, 100 MW Pipeline Set For 2025

MiniGrid operator Husk recently electrified 200 new communities in 12 months, doubling its fleet of solar mini-grids. Husk is now present in over 400 communities in rural Sub-Saharan Africa and South Asia, serving more than 1.5 million people and over 30,000 small businesses. Its community electrification projects are spread across rural India and Nigeria. This […]

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Airtel, AMPIN Energy Transition Partner For Wind-Solar Hybrid Project

Telecom firm Bharti Airtel recently signed an agreement with AMP Energy Green Three Private Limited, a special purpose vehicle (SPV) of AMPIN Energy Transition (formerly Amp Energy), to acquire 3,78,90,005 (26%) equity shares. To acquire power from this project, the companies formed the SPV to own and operate the captive power plant. In its regulatory […]

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Oswal Pumps Set To Ride Solar Boom With IPO Nod

The Securities and Exchange Board of India (SEBI) has approved the issuance of an Initial Public Offering (IPO) by Oswal Pumps. This move paves the way for the Karnal-based solar pump company to enter the stock market. The approval comes at a time when several solar companies and solar pump manufacturers have already entered the […]

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Pennar, Zetwerk To Enter Into JV For Solar Module Manufacturing

Telangana-based Pennar Industries recently executed a Joint Venture Agreement with Zetwerk Manufacturing Businesses and others for the incorporation of a Joint Venture company. They entered the joint venture by subscribing to the equity share capital of the Joint Venture Company. Pennar Industries said in a regulatory filing, “The proposed Joint Venture company will be formed […]

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Ladakh To Start Livestock-Grazing Solar Project On Pilot Basis

In a recent meeting aimed at building local stakeholders’ confidence in the upcoming mega solar power project at Pang, government officials decided to formalize an action plan to create a pilot solar project in the Pang area of Ladakh. The meeting was held under the chairmanship of Vikram Singh Malik, IAS, Administrative Secretary of the […]

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