The Government’s latest GST announcement is a welcome reform that will significantly benefit the renewable energy sector. As the founder of India’s largest solar component manufacturer, I view this move as a step towards greater transparency, reduced project uncertainties, and improved competitiveness for domestic manufacturing. Such clarity in taxation is not just a fiscal decision, […]
Maharashtra Seals ₹34,000 Crore Investment Deals to Boost Development – EQ
In Short : Maharashtra has signed MoUs worth ₹34,000 crore aimed at boosting industrial growth and creating nearly 33,000 jobs. The agreements span key sectors, including renewable energy, manufacturing, and services, highlighting the state’s focus on sustainable development and investment opportunities. This move is expected to accelerate economic growth while strengthening employment generation across diverse […]
India’s PLI Scheme Drives Solar Manufacturing to 18.5 GW Modules, 9.7 GW Cells, 2.2 GW Ingots – EQ
In Short : India’s PLI scheme has significantly boosted domestic solar manufacturing, achieving 18.5 GW of module production, 9.7 GW of solar cells, and 2.2 GW of ingot-wafer output. The initiative aims to reduce import dependence, strengthen the local solar supply chain, and support India’s renewable energy targets, driving growth, self-reliance, and sustainability in the […]
Hygenco Launches Green Hydrogen Plant to Fuel Sterlite’s Low-Carbon Fibre Manufacturing – EQ
In Short : Hygenco has commissioned a green hydrogen plant to supply clean fuel for Sterlite Technologies’ optical fibre manufacturing operations. Located in Aurangabad, the plant aims to significantly reduce carbon emissions in the production process. This initiative supports Sterlite’s decarbonization goals and marks another step in India’s transition toward sustainable industrial practices through the […]
U.S. Solar Industry Seeks Tariffs on Indian Imports to Shield Domestic Manufacturing – EQ
In Short : U.S. solar panel manufacturers have urged the government to impose tariffs on imports from India, Indonesia, and Laos, alleging unfair trade practices and dumping. The petition aims to protect billions of dollars in domestic investments and prevent market disruption. If approved, the move could significantly impact global solar supply chains and raise […]
Panel Proposes 5% GST to Boost Green Hydrogen and Clean Energy Manufacturing in India – EQ
In Short : A government panel has recommended reducing GST on green hydrogen, batteries, and electrolysers from 18% to 5%. The move aims to lower production costs, boost adoption, and support India’s clean energy goals. Backed by industry bodies, the proposal is expected to enhance domestic manufacturing competitiveness and accelerate the transition to sustainable fuels […]
Premier Energies and Nuevosol Energy Announce a Joint Venture for manufacturing Aluminium Frames for Solar Modules – EQ
Premier Energies Limited, an integrated solar cell and module manufacturer, has entered into a joint venture with Hyderabad-based Nuevosol Energy Pvt. Ltd, a leading manufacturer of solar PV mounting structures. The JV aims to manufacture aluminium-based solar module frames and value-added components critical to solar modules. Under the agreement, Premier Energies will hold a majority […]
Waaree Energies Fortifies Manufacturing Through Strategic Transformer and Energy Firm Acquisitions – EQ
In Short : Waaree Energies’ board approved acquiring Kamath Transformers Pvt Ltd for ₹293 crore, and its subsidiary Waaree Forever Energies will buy Green New Delhi Forever Energy Pvt Ltd at ₹1 lakh per share. Both all‑cash deals, funded through internal accruals, are slated to complete in FY26. The acquisitions will expand Waaree’s manufacturing footprint and strengthen […]
Jupiter International Secures ₹500 Crore Funding to Expand Solar Manufacturing – EQ
In Short : Jupiter International has secured ₹500 crore from ValueQuest SCALE Fund and affiliates to expand its solar manufacturing. The funding will boost solar cell capacity to 5.6 GW and add a 2.4 GW module line. This marks ValueQuest’s second investment in Jupiter, raising total backing to ₹800 crore and strengthening India’s renewable energy […]
India’s solar PV module manufacturing capacity to reach 125 GW by 2030 Pralhad Joshi – EQ
In Short : Union Minister Pralhad Joshi announced that India’s solar PV module manufacturing capacity will reach 125 GW by 2030, up from 80 GW. Solar cell capacity will also grow from 25 GW to 40 GW. Government initiatives like the PLI scheme and ALMM support domestic production, strengthening India’s position as a global renewable […]