In Short : India is rapidly shifting from relying on imported solar equipment to building a strong domestic manufacturing ecosystem. Backed by government incentives, rising solar demand, and large-scale investments, the country aims to achieve self-reliance across the entire value chain. The next challenge is scaling technology, ensuring quality, and strengthening global competitiveness to establish […]
Goldi Solar Secures ₹1,400 Crore Boost Led by Havells India to Accelerate Solar Manufacturing and Power India’s Clean Energy Future – EQ
In Short : Goldi Solar has secured over ₹1,400 crore in growth capital, led by Havells India and other investors, including Nikhil Kamath. The funds will expand its solar module manufacturing and develop a 1.2 GW solar cell facility in Gujarat. This investment boosts India’s solar manufacturing capacity and supports the nation’s clean energy and […]
India Accelerates Solar Manufacturing with 44.2 GW Modules and 7.5 GW Cells Added in H1 2025 – EQ
In Short : India added 44.2 GW of solar module capacity and 7.5 GW of cell manufacturing capacity in the first half of 2025, driven by a 186 GW project pipeline and strong policy support. TOPCon and monocrystalline technologies led additions, while HJT appeared for the first time. With 182 GW of modules and 86 GW of cells under construction, […]
India’s Solar Manufacturing Boom Risks Oversupply by 2027, Warns SBI Capital – EQ
In Short : SBI Capital has cautioned that India’s solar industry may face oversupply by 2027, as manufacturing capacity is set to exceed domestic demand. While government incentives have accelerated expansion, this imbalance could pressure prices and profitability. Experts highlight the need for export opportunities, policy alignment, and consistent demand growth to ensure long-term stability […]
Sunkind Energy and JA Solar Forge Alliance to Power India’s Solar Manufacturing Growth – EQ
In Short : Sunkind Energy has partnered with JA Solar to enhance photovoltaic (PV) cell and module manufacturing in India. The collaboration aims to boost domestic solar production capacity, supporting the country’s Atmanirbhar Bharat initiative. By leveraging JA Solar’s technology and Sunkind’s local expertise, the partnership will accelerate the growth of India’s solar manufacturing ecosystem […]
India Surges Ahead in Clean Energy with 227 GW Capacity and Solar Manufacturing Boom – EQ
In Short : India’s renewable energy capacity has reached 227 GW, reflecting rapid growth driven by policy support and investment. Solar PV module manufacturing has surged nearly 38-fold, showcasing strong domestic capability. This expansion aligns with India’s goal of 500 GW non-fossil capacity by 2030, positioning the country as a major player in the global clean energy […]
BII Secures CCI Approval to Back ReNew Photovoltaics’ ₹870 Crore Solar Manufacturing Expansion – EQ
In Short : British International Investment has received CCI approval to acquire a minority stake in ReNew Photovoltaics for around ₹870 crore. The investment will support the expansion of a 4 GW TOPCon solar cell facility in Dholera, Gujarat. Once complete, ReNew’s total capacity will reach 6.4 GW each for solar cells and modules, strengthening India’s domestic […]
Servotech Renewable Power System Ltd. acquires 27% Stake in Rhine Solar Ltd., Bolstering Solar Manufacturing Capabilities – EQ
New Delhi – Servotech Renewable Power System Ltd. (NSE: SERVOTECH), India’s leading solar solutions and EV charger manufacturer, has officially entered into a definitive agreement to acquire a 27% stake(Post-money valuation) in Rhine Solar Limited, a well-established ALMM-approved PV Module manufacturing company based in New Delhi, India.This strategic acquisition marks a significant milestone in Servotech’s […]
India’s Solar Manufacturing Soars: ALMM Capacity Nears 88 GW with New Additions and Expansions – EQ
In Short : India’s ALMM-listed solar module manufacturing capacity has risen to 87.97 GW, with 8,653 MW recently added. The total number of approved manufacturers now stands at 104. New entrants and capacity expansions by major players reflect strong growth. From June 2026, solar cells will also be included under ALMM, boosting quality assurance in […]
Andhra Pradesh leads solar manufacturing push, Jupiter plans Rs 2,700 cr facility – EQ
In Short : Andhra Pradesh is boosting its solar manufacturing sector with Jupiter Renewables investing ₹2,700 crore to set up a 4.8 GW solar cell and 1.5 GW module facility in Anakapalli’s Rambilli. The project, to be completed by July 2026 in two phases, will create over 2,200 jobs, strengthening the state’s renewable energy ambitions […]