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 […]
NSEFI SolarPower Europe ink pact to deepen EU-India ties in solar manufacturing – EQ
In Short : SolarPower Europe and the National Solar Energy Federation of India (NSEFI) signed an MoU to boost EU-India collaboration in solar manufacturing. The partnership aims to diversify supply chains, promote innovation, and enhance policy engagement. It supports India’s 500 GW clean energy goal and Europe’s solar technology leadership, fostering resilient, cross-border investment and […]
India Accelerates Clean Energy Growth with Record Solar and Wind Additions in FY25 – EQ
In Short : India added 23.8 GW of solar and 4.15 GW of wind capacity in FY25, pushing total renewable energy to 220 GW. Solar manufacturing also nearly doubled to 74 GW. While coal remains dominant, India is advancing toward its 500 GW non-fossil target with new storage-backed bids. The growth reflects strong policy support […]
India Strengthens Solar Manufacturing with Surge in Module and Cell Capacity in 2024 – EQ
In Short : In 2024, India added 25.3 GW of solar module and 11.6 GW of cell manufacturing capacity, raising totals to 90.9 GW and 40.7 GW, respectively. This growth was fueled by strong demand and the return of the ALMM policy. Around 80% of new module lines support advanced M10 and G12 wafer technologies, […]
SSEL to Launch ₹69,000 Crore Integrated Solar Manufacturing Hub, Boosting India’s Renewable Goals – EQ
In Short : Shirdi Sai Electricals Ltd will launch the first phase of its ₹69,000 crore ingot-to-module solar plant in Andhra Pradesh this December with a 500 MW capacity. The project targets 10 GW by March 2026, covering the entire solar manufacturing chain. This initiative supports India’s push for domestic solar production and its 2030 […]
CM Yogi lays Foundation for Avaada Electro’s 5 GW Integrated Solar Manufacturing Unit in Greater Noida – EQ
In Short : Uttar Pradesh CM Yogi Adityanath laid the foundation for Avaada Energy’s 5 GW integrated solar manufacturing unit in Greater Noida. The facility will produce solar panels, cells, and modules, boosting India’s renewable energy capacity and reducing import dependency. Expected to create thousands of jobs, the project supports India’s 500 GW non-fossil energy […]
Vikram Solar Expands Production to 4.5 GW, Strengthening India’s Solar Manufacturing – EQ
In Short : Vikram Solar has expanded its manufacturing capacity to **4.5 GW** with an additional **1 GW** at its facility. This growth strengthens its role in India’s solar energy sector, supporting domestic manufacturing and clean energy goals. The expansion aligns with India’s vision for **renewable energy self-reliance**, boosting solar adoption and sustainability efforts. In […]
InoxGFL enters solar manufacturing, first plant likely by early next year – EQ
In Short : Inox Green Energy, a part of InoxGFL, is set to enter solar manufacturing, with plans to launch its first plant by early next year. This move aims to strengthen India’s solar energy capabilities, boost domestic production, and reduce dependency on imports. The company’s new venture will contribute to the country’s renewable energy […]