Solar Energy | Business Upturn

Waaree Renewable Technologies secures 300MWac solar EPC contract

Business Desk — Tue, 10 Mar 2026 14:05:09 +0000

Waaree Renewable Technologies Limited has signed a significant contract for the execution of Engineering, Procurement, and Construction (EPC) works of a Ground Mount Solar PV Plant with a capacity of 300MWac/420MWp. The project is set to be completed during the financial year 2027-28.

The contract, awarded by a domestic entity involved in power generation using renewable energy, outlines the development of the solar plant under commercial terms. The order size is substantial, with the plant’s capacity reaching 300MWac/420MWp.

Waaree Renewable Technologies, a subsidiary of Waaree Energies Limited, confirmed that the contract does not involve any related party transactions and is not linked to the promoter group or group companies. This project marks a significant step in the company’s expansion within the renewable energy sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

NTPC Green Energy adds 91.6 MW to Andhra Pradesh solar project, boosting capacity to 9,292.68 MW

Business Desk — Tue, 10 Mar 2026 05:14:23 +0000

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has announced the commercial operation of the second part capacity of its solar photovoltaic project in Andhra Pradesh. The newly operational capacity of 91.6 MW is part of a larger 250 MW Solar PV Project managed by Ayana Kadapa Renewable Power Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd., which is a wholly owned subsidiary of ONGC NTPC Green Private Limited.

The commercial operation date (COD) for this segment was declared as 27th February 2026, following certification from the Solar Energy Corporation of India Limited (SECI). The first part capacity of 158.4 MW had already commenced operations earlier, as disclosed on 20th February 2026.

With this addition, the total installed capacity of NTPC Green Energy Limited Group now stands at 9,292.68 MW, while the overall installed capacity of the NTPC group has reached 88,274 MW, with a commercial capacity of 87,194 MW.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Perovskite Solar Cells: A leap forward in space-based energy

Tushar Aggarwal — Thu, 15 Feb 2024 16:43:31 +0000

Perovskite solar cells have garnered significant attention from researchers worldwide due to their potential to revolutionize the solar energy industry. These cells offer improvements in cost, weight, flexibility, and range of applications compared to conventional silicon solar cells. While there are still hurdles to overcome before perovskite technology becomes mainstream, its journey to commercialization could include a detour through outer space.

NASA has extensively covered the potential of perovskite technology to make solar power more affordable. The connection to outer space is particularly intriguing, as space exploration was instrumental in driving the development of the commercial solar industry in the 20th century.

NASA’s deployment of silicon solar cells on the Vanguard 1 satellite in 1958 marked a significant milestone in space-based solar power. Since then, silicon solar technology has made impressive progress, with the latest developments achieving a conversion efficiency of 27.09%.

Now, perovskite solar cells are poised to surpass silicon in efficiency. These cells use synthetic versions of a mineral named after mineralogist Lev Perovski. The unique structure of perovskite allows for efficient light absorption and conversion into electricity.

The application of perovskites to solar technology emerged in 2009, and since then, researchers have made remarkable progress in improving their efficiency. Recent advancements have led to conversion efficiencies of over 25%, outpacing silicon’s rate of progress.

Perovskite solar cells are not only making strides on Earth but also in outer space. Researchers are exploring the use of perovskites in space-based solar panels due to their high efficiency and stability. Pairing perovskite with silicon in tandem solar cells has shown even greater efficiency, surpassing the theoretical limit of silicon alone.

NASA has started testing perovskite solar cells at the International Space Station, and companies like Merida Aerospace are developing these cells for use in low-Earth orbit satellites. Perovskites offer a more cost-effective and sustainable solution compared to traditional gallium arsenide cells, which are currently used in space applications.

Perovskite solar cells hold great promise for both space and Earth-based applications. Their potential to enhance the efficiency and affordability of solar energy could have far-reaching implications for the future of renewable energy.

India’s Solar Revolution: Manufacturers leading the charge towards a sustainable future

Finance Desk — Tue, 13 Feb 2024 09:05:15 +0000

Embarking on a transformative journey towards solar independence, India takes center stage in the grand symphony of progress. This isn’t merely a shift towards cleaner energy; it represents a profound commitment to redefine the narrative of the nation’s future. In this solar odyssey, the manufacturing sector plays a pivotal role, where the alchemy of industry converges with the imperative of environmental stewardship.

Set against the backdrop of an evolving global energy landscape, India’s foray into solar power stands out as a beacon of hope and vision. Manufacturers emerge as architects of change, seamlessly integrating solar panels into the fabric of progress. Beyond kilowatts and gigawatts, their unique vantage point speaks the language of responsibility, acknowledging our role as custodians of the planet.

India’s solar journey witnesses the confluence of governmental vision and entrepreneurial spirit. Policies incentivizing solar adoption, coupled with a burgeoning market, pave the way for a robust manufacturing ecosystem. This synergy forms the foundation for a solar revolution with global implications, urging the world to follow suit.

From expansive manufacturing plants resonating with innovation to polished boardrooms shaping strategies, the commitment to solar independence reverberates. This discourse isn’t confined to production quotas and market shares; it is a dialect of responsibility, recognizing the role as stewards of the environment.

The narrative of solar independence transcends the environmental domain, becoming an economic story propelling India into global leadership. The solar manufacturing sector becomes a catalyst for job creation, technological advancement, and economic resilience. It is a tale of synergy where the environment and the economy coalesce harmoniously.

In this solar tapestry, manufacturers find themselves as custodians and catalysts. Their commitment extends beyond profit margins; it is a covenant with the nation’s destiny. It is a delicate dance between progress and responsibility, where each solar panel produced becomes a stepping stone towards a greener and more self-reliant India.

The solar revolution emphasizes the importance of indigenous innovation. Nurturing capabilities in solar manufacturing secures our energy future and positions India as a leader in the global solar landscape. The ‘Make in India’ ethos materializes in the gleaming expanse of solar farms across the nation.

Moreover, the solar journey is a narrative of inclusivity, reaching beyond urban landscapes to illuminate lives in the remotest corners of rural India. Manufacturers, through their commitment to solar independence, become agents of change, bringing light to communities once shrouded in darkness. In the grand tapestry of this solar saga, India’s manufacturers emerge not just as stakeholders but as custodians of a vision.

Tata Power Renewable signs 9MWp solar deal with Tata Motors’ Pantnagar plant

Adesh Dixit — Mon, 21 Aug 2023 12:36:51 +0000

A power purchase agreement (PPA) for a 9MWp on-campus solar project with Tata Motors’ Pantnagar facility in Uttarakhand was signed by Tata Power Renewable Energy Limited (TPREL), a Tata Power subsidiary, the firm announced in a statement.

According to the statement, this solar farm will be the biggest on-campus solar facility in the state.

Tata Motors’ sustainable future goals are effectively addressed by the solar system, which is expected to reduce carbon emissions in Uttarakhand by 25 tonnes CO2/kWp. The project will be put into operation six months after the PPA’s execution. The solar installation will be installed using ground-mounted units.

In a previous collaboration, TPREL and Tata Motors constructed a 7 MWp solar plant at the Pantnagar manufacturing complex with great success. The overall solar capacity of the Tata Motors Pantnagar factory is currently an outstanding 16 MWp. The solar power plants will produce 224 lakh units annually, or around 60% of their annualized demand.

“Tata Power Renewables is aiding India’s transition to renewable energy through our relationship with Tata Motors. Ashish Khanna, CEO of Tata Power Renewable Energy Limited, stated that the 9MWp solar power installation “resonates our commitment to fostering the widespread adoption of eco-friendly clean energy solutions across industries.”

To assist the RE100 objective of large corporations and the nation’s shift to clean energy, Tata Power and its subsidiaries are continuously creating renewable energy solutions. In order to address the needs of its C&I customers for clean energy, the firm is closely collaborating with them to create large-scale hybrid solutions, battery storage, and pumped hydro projects.

“In order to achieve our goal of net zero emissions, we are turning our business and operations and making sustainability a top priority. Our approach to decarbonize operations includes increasing the procurement and usage of renewable energy at all of our plants through a combination of onsite and offsite initiatives. Our Pantnagar facility will become greener and more productive with the addition of this solar power installation by Tata Power, according to Vishal Badshah, Vice President, Commercial Vehicle Operations, Tata Motors Limited.

As a RE100 signatory, we are dedicated to using only renewable energy in our operations, and we have made great strides in this direction by gradually increasing the amount of renewable energy. According to Srinath Sharma, Plant Head, Pantnagar, Tata Motors Limited, “We are happy to implement this solar project at our manufacturing facility which will further help us achieve our sustainability targets by reducing our reliance on fossil fuels while also helping to save on electricity costs.”

The entire capacity of TPREL’s renewable energy sources will be 7,783 MW, including 3,651 MW of projects that are in various phases of implementation. The company has a 4,132MW operational capacity, which includes 3,139MW of solar energy and 993MW.

Indian solar firm Jakson Group to invest $3 billion into power generation

Adesh Dixit — Sat, 19 Aug 2023 12:36:50 +0000

In order to take advantage of the renewable energy growth in India, solar module manufacturer Jakson Group intends to diversify into the production of electricity.
According to Chairman Sameer Gupta in an interview, Jakson, a company situated on the outskirts of New Delhi, aims to have 5 gigawatts of electricity capacity by 2030. He estimated that the power plan will cost 250 billion rupees ($3 billion).

According to Gupta, the company now produces modules and completes turnkey projects to create renewable energy projects; its entry into the power production industry will enable it to access the whole value chain of the industry.

India’s ambitious goal of putting in 500 gigawatts of sustainable energy capacity by 2030 is what the company is relying on. While local and international energy tycoons, including Gautam Adani and Mukesh Ambani, have expressed interest in the initiative, the pace of installations has fallen far short of that goal, and the government has developed a strategy to more than triple project auctions.

Gupta declared, “We want to take part in this expansion. According to him, the business possesses the execution and design skills necessary to enter the generation market.

In the meantime, Jakson plans to develop a 1 gigawatt cells-to-module factory in a different location and is on track to quadruple its capacity for making modules to 1.2 gigawatts over the coming months, according to Gupta.

Government to review solar park development scheme on slow progress, may cancel allocations

Himanshu Mishra — Fri, 12 Aug 2022 04:10:29 +0000

Government is planning to cancel solar park allocations due to it’s slow progress. The ministry of new and renewable energy (MNRE) is set to review the status of solar parks where developers have gone awry to make substantial progress and had even planned to cancel their allocations, two officials aware of the development told.

The government stand arrives at a time when numerous solar parks in the country are however to be commissioned despite the truth that many years have gone since their allocation by the government to developers. According to the latest information from the MNRE put forward in the Parliament, as of 30 June, a total of 61 solar parks with 40GW capability were approved under the sameosal of ‘Development of Solar Parks and Ultra Mega Solar Power Projects’, out of which only 10GW has been assigned. “The government may examine the parks which have not done very well… and also look at whether we want to discontinue those to free up abilities,” one of the two officials told, petitioning anonymity.

The solar parks are build in collaboration with state governments and their mechanisms, central public sector enterprises and private entrepreneurs. The functioning agency is termed Solar Power Park Developer (SPPD). There are various modes to select the implementing agency.

The proposed review of solar parks is also making mark at a time when the parliamentary existing committee on energy has conveyed disappointment over the slow development of solar parks, as only eight were created during 2015-2020, against the mark of over 50 solar parks by 2022.

In its answer to the panel’s proposals and observations, the ministry announced that it is making concerted actions to accomplish the target of completion of solar parks with a total capacity of 40GW by 2023-24, demonstrated the 28th report of the house panel on the action taken by the administration over the recommendations made by the panel.

Adani Green Energy acquires SB Energy India for $3.5 billion

Cheryll Jain — Mon, 04 Oct 2021 06:46:13 +0000

As an ongoing initiative to switch to green, renewable energy sources to reduce the carbon footprint of corporations, Adani Green Energy Ltd. (AGEL) has acquired solar power producer SB Energy India for an enterprise value of $3.5 billion, AGEL said in the statement on Monday, October 4. The deal marks the largest acquisition in the renewable energy sector in India.

“Adani Green Energy Ltd. (AGEL), the world’s largest solar power developer, successfully completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021,” a statement released by the company announced.

SB Energy India, previously owned as an 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group, is now a 100 per cent subsidy of AGEL, the statement further disclosed.

Moreover, SB Energy India, with its portfolio of 1,700 MW of operational renewable assets, 2,554 MW of assets under construction and 700 MW of assets near construction, will bring AGEL’s operational portfolio to 5.4 GW and overall portfolio to 19.8 GW. “Solar capacity accounts for 84 per cent of SB Energy India’s portfolio (4,180 MW), wind-solar hybrid capacity accounts for 9% (450 MW) and wind capacity accounts for 7% (324 MW),” the statement added.

The acquisition is another step in AGEL’s quest to adopt and produce green, renewable energy in the country. Prior to the announcement of the deal with SB Energy India, AGEL had announced earlier that it will acquire a 40 MW operational solar project from Essel Green at an enterprise value of Rs. 219 crores. “Just last week, Adani Group Chairman Gautam Adani had announced that the Group would invest over $20 billion across the next 10 years in renewable energy generation,” the statement added.

Government plans to use solar energy to power cold-chain facilities: Report

Cheryll Jain — Tue, 28 Sep 2021 06:38:50 +0000

The Indian government is striving to put its solar energy programme to use to supply undisrupted power to cold-chain facilities, which have been used increasingly to store COVID-19 vaccines during the pandemic.

A senior health ministry official commented that “There are over 29,000 cold chain storage facilities across India that are used to store both COVID-19 and non-COVID-19 vaccines. Solar power usage is not new for storing vaccines in India, but the push is largely after COVID-19. We are expanding solar power to more cold chain points for vaccine storage. We have started using newer technology like solar direct-drive cold chain equipment,”

“Earlier, all the equipment was imported but after the government’s Make-in-India push, Godrej for the first time manufactured an indigenous freezer using solar energy that is being used in several states and we are expanding to all parts of the country. We are distributing the equipment which will maintain the required temperature for vaccines at 2-8 degrees Celsius,” he further added.

According to the health official, more than 350 pieces of imported solar equipment were provided across India in the last five years.

Among all sources of renewable energy, solar energy, which has abundant untapped potential in India, is estimated to be especially helpful in supply uninterrupted electricity to the more remote parts of the country where traditional sources of energy fall short. Keeping this in mind, the government intends to have 175 GW of renewable energy capacity,100GW out of which will be solar power generation capacity by 2022, with a significant focus on rooftop solar and decentralised solar installations.

The government’s decision to tap into using solar energy for electricity generation is expected to fast track the COVID-19 immunisation drive, as well as reform the way all vaccines are stored in the country.

“With the COVID-19 vaccinations being done at a much larger scale, we recently did a gap analysis of cold chains and decided to further strengthen the vaccine storage systems. There are two ways of using solar energy for vaccine storage. One, either the storage equipment runs on solar energy, or the building having the facility uses solar energy for electricity. In the unreliable electricity supply areas, we have electricity storage facility usage and other backups so that there is no chance of vaccines being spoilt,” he said.

India to become global market leader in solar and storage by 2040: John Kerry

Meemansa Shekhawat — Tue, 06 Apr 2021 15:12:11 +0000

According to the US Special Presidential Envoy for Climate, John Kerry on Tuesday, April 6, “Recent International Energy Agency’s report on India noted that you are on pace to become the global market leader in solar and storage by 2040. Thanks to your rapid scale-up, it is already cheaper to build solar energy in India than anywhere else in the world.”

John Kerry praised PM Modi for his vision of a growing economy with clean energy. He said, “Prime Minister Modi’s announcement of a target of 450 GW of renewables by 2030 sets a very strong example of power how to power a growing economy with clean energy,” quotes ANI.

Recent International Energy Agency's special report on India noted that you are on pace to become global market leader in solar & storage by 2040. Thanks to your rapid scale-up, it is already cheaper to build solar energy in India than anywhere else in the world: John Kerry https://t.co/3vRS3q7S5R

— ANI (@ANI) April 6, 2021

He further adds, “Indian industry is already stepping up & demonstrating leadership. I was very pleased to hear that dozens of India’s biggest companies recently signed a declaration on climate change, pledging to go carbon neutral,” as quoted by ANI.

Indian industry is already stepping up & demonstrating leadership. I was very pleased to hear that dozens of India's biggest companies recently signed a declaration on climate change, pledging to go carbon neutral: US Special Presidential Envoy for Climate, John Kerry pic.twitter.com/ZYnP0ivdTa

— ANI (@ANI) April 6, 2021

Kerry also considers India as a red hot investment opportunity because of its clean energy transition. Well, John Kerry is on his visit to the Indian Capital since the 5^th of April. The excursion is for 4 days and Kerry will be holding a meeting with Prime Minister Narendra Modi as well as the environment minister Prakash Javdekar.

A spokesperson at the US Embassy in New Delhi said, “In New Delhi, Special Presidential Envoy John Kerry will meet with the representatives of the Indian government, private sector, and non-government organizations.”; as per the reports of Zee News.

Also, according to the sources, during the 4-days visit, Kerry will be meeting the cabinet ministers such as External Affairs Minister Dr. S Jayshankar, Finance Minister Nirmala Sitharaman, Petroleum and Natural Gas Minister Dharmendra Pradhan.

Adani Green Energy arm commissions 150MW Solar Plant in Gujarat

Ushma Ghosh — Wed, 20 Jan 2021 07:14:59 +0000

Adani Solar Energy Kutchh Two, a subsidiary of Adani Group has a 25-year long power purchase agreement (PPA) with the Gujarat Urja Vikas Nigam India (GUVNL) to supply the power at Rs 2.44 per unit.

On Wednesday, Adani Solar Energy Kutchh One Limited declared that it has commissioned 150 MWac (Mega-Watt Alternating Current) Solar Power Project in Kutch.

“The commencement of 100 MWac (megawatts of alternating current) solar power project in Khirsara, Kutchh, Gujarat in line with the Adani Group’s legacy of scale and speed and is another significant step towards achieving our vision of 25 GW renewable energy by 2025,” said Vineet S. Jain, CEO, Adani Green Energy.

He even added, “This is the third solar plant commissioned by AGEL over a span of less than a month. The trend demonstrates our sharp focus on timely project delivery and our long-term vision to achieve a renewable capacity of 25 GW by 2025.

Adani Green has a total renewable capacity of 14,195 MW. Now, AGEL’s total operational renewable capacity grows to 3,125 MW. Gujarat contributes to nearly 13% of renewable energy production in India.

The company in a statement said that despite all the challenges of global pandemic COVID-19, unprecedented rain and flood in Kutchh, the team of experts made it possible to commission the project three months prior to its scheduled commissioning date.