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Financial Result: Alpex Solar Reports 265 Crore Revenue In H1

Greater Noida-based solar module manufacturer Alpex Solar has reported a total revenue of Rs 265. 66 crore for the half-year (H1) in FY25 ended on September 2024. The company reported a total revenue of Rs 213.07 crore in the H1 of FY24. Thus on a Year-on-Year (YoY) basis, the firm witnessed a rise in its […]

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Are Indian Solar Module Makers Ready for ALMM For Solar Cells?

The Ministry of New and Renewable Energy (MNRE) in October 2024 released a draft proposal to include domestic solar cell production under its Approved List of Models and Manufacturers (ALMM), inviting responses from industry stakeholders. Soon after the announcement, a number of Indian module makers have announced starting new solar cell lines.  However, this […]

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Solex Energy Reports 1,698% Surge In PAT In H1

Indian solar module manufacturer Solex Energy Limited has now reported a massive surge of 1698% in its net profits in H1 compared to its profits in H1 of FY24. The company has now announced the financial results for H1 and shared details of its incomes, profits and other details. For the first half of the […]

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Saatvik Solar Pockets 200 MW Module Order

Gurugram, Haryana based Saatvik Solar has signed a contract with GH2 Solar to supply 200MW of high-efficiency ‘Mono Perc Bifacial Half Cut’ solar PV modules, rated at 540/550Wp, for use across various solar projects in India. This collaboration, set to commence in January 2025, will span a 12-month period in which Saatvik will ensure the […]

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Premier Energies Reports Surge In Profits In Q2

Indian solar module and solar cell manufacturer Premier Energies announced its Q2 results for FY25, for the first time after getting listed on the Indian stock exchange. The company, on a consolidated basis, reported an increase in its revenues and net profits on a Year-on-Year (YoY) basis but a dip in its revenue on Quarter-on-Quarter […]

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Insolation Energy Reports 307% Surge In Profits In H1

Indian solar module manufacturers Insolation Energy (INA Solar) has published its latest financial results for the first half of FY25. The latest report revealed that the firm reported an increase in its total revenue and net profits in H1FY25, compared to H1 of FY24. The financial results said that the company led by Manish Gupta […]

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Desert Technologies To Build 3 GW Cell, 2 GW Module Facility In Saudi Arabia

Jeddah-based Desert Technologies, which already operates a PV assembly line in Saudi Arabia with an annual capacity of 110 MW for high-efficiency PERC monocrystalline modules (up to 540Wp power output) has announced a major expansion plan. With an annual nameplate capacity of 5GW, the firm plans a 3GW solar cell manufacturing capacity and a 2GW […]

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Global RE Growth Hits New Highs Amid Falling Costs: IEA Report

Globally, renewable energy shows no signs of slowing down. In the first half of 2024, solar PV additions rose by 36%, electric vehicle sales increased by 25%, and wind power capacity additions kept pace with last year’s deployment, said report. International Energy Agency (IEA) recent report on Clean Energy Market Monitoring indicated that clean energy […]

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Suzlon Reports 96% Surge In Net Profits In Q2 

Indian wind turbine manufacturer Suzlon Energy today announced its financial results for the second quarter (Q2). It also announced the half-yearly (H1) results for the current fiscal year. The company in its results reported a surge in its profits and revenues on a yearly and half-yearly basis. The Maharashtra-based company reported a total profit of […]

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