Union Budget 2025: A bright future for India’s solar industry
With climate change and energy security at the forefront of global concerns, the government has unveiled a series of policy measures and incentives designed to accelerate the adoption of solar power.
Amid uncertainty, Premier Energies halts plans for U.S. solar cell factory
Premier Energies of India put its plans on hold to build a manufacturing facility in the United States as it waits for “the regime in the U.S. to settle down and be clear on what they want to do.”
Premier Energies Q3 profit surges 490.58% YoY
The solar manufacturer had an orderbook of 4,539 MW worth INR 69,461 million as of Dec. 31, 2024, across modules (63%), cells (36%), and EPC services (1%).
Solex Energy commissions 800 MW solar module line
Solex’s new line is tailored for mass production of n-type, rectangular-cell TOPCon solar modules ranging from 585 Wp to 625 Wp.
Union Budget 2025-26: India focuses on waste-to-wealth to secure lithium battery supply chain
Finance minister Nirmala Sitharaman has submitted Union Budget 2025-26, which proposes customs duty exemption for waste and scrap of lithium-ion batteries and critical minerals.
Budget 2025 expectations of the Indian renewable energy industry
Regulatory and fiscal incentives to set up specialized labs in collaboration with leading international and domestic research institutions, reduction of Goods and Services Tax (GST) on turbines and solar modules, and ISTS charges waiver extension are on the budget wishlist of the renewable energy industry in India.
Union Budget 2025: Expectations of India’s solar industry
With the Union Budget 2025-26 approaching, the solar industry anticipates key policy and financial measures to sustain this momentum. The budget is expected to increase funding for green technologies, including solar, wind, and green hydrogen.
Waaree Energies Q3 profit grows 260% YoY
Waaree Energies has reported a total income of INR 35,452.65 million and net profit (profit after tax) of INR 5,068.76 million for the third quarter of FY 2025.
Jupiter International commits INR 2,005 crore for solar manufacturing in Odisha
Jupiter International will invest INR 2,005 crore into setting up a facility with an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules.
NTPC tenders 1.2 GW solar with 600 MW/2,400 MWh energy storage
NTPC Ltd has launched the tender for selection of solar power generators to set up 1.2 GW of solar PV power projects with 600 MW/2,400 MWh of energy storage systems anywhere in India.
