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Indian solar cell manufacturer Jupiter International has secured a commitment of INR 5 billion (USD 58.4 million) from ValueQuest SCALE Fund. This investment will support Jupiter's plans to expand its production capabilities, enhancing its position in the solar energy sector.The funding aligns with India's broader push to boost domestic solar manufacturing and reduce reliance on imports. Jupiter's expansion is expected to contribute to the country's renewable energy goals, as it scales up its photovoltaic manufacturing operations. This move is part of a growing trend of investments in India's clean energy infrastructure. How Will Jupiter International's Expansion Impact India's Solar Manufacturing and Energy Goals? Increased Domestic Production: Jupiter International's expansion will boost India's domestic solar cell production capacity, reducing dependency on imported solar components and supporting the "Make in India" initiative. Job Creation: The expansion is likely to create new jobs in the manufacturing sector, contributing to economic growth and providing employment opportunities in local communities. Cost Reduction: By increasing local manufacturing, the cost of solar panels and systems may decrease, making solar energy more affordable and accessible for consumers and businesses. Technological Advancements: The investment may facilitate the adoption of advanced manufacturing technologies, improving the efficiency and quality of solar products produced in India. Energy Security: Enhancing domestic solar manufacturing capabilities will strengthen India's energy security by diversifying energy sources and reducing vulnerability to global supply chain disruptions. Contribution to Renewable Energy Targets: Jupiter's expansion will support India's ambitious renewable energy targets, including achieving 500 GW of non-fossil fuel capacity by 2030. Environmental Impact: Increased solar manufacturing aligns with India's commitment to reducing carbon emissions and promoting sustainable energy solutions. Market Competitiveness: The expansion may enhance the competitiveness of Indian solar manufacturers in the global market, positioning India as a key player in the renewable energy sector. Policy Support: The move reflects the effectiveness of government policies aimed at encouraging investment in renewable energy and manufacturing, potentially attracting further investments in the sector.

Indian solar products manufacturer Websol Energy System Ltd (BOM:517498) has unveiled a major USD 341 million (INR 30 billion/EUR 292 million) expansion plan to significantly scale up its solar cell and module production capacity. The initiative reflects surging domestic demand for solar technologies as India accelerates its clean energy transition. Approved by the company’s board of directors, the project will add 4 GW of new production lines based on TOPCon (Tunnel Oxide Passivated Contact) technology, which is increasingly viewed as the next generation of high-efficiency solar manufacturing. Websol currently operates a 600-MW solar cell line (running at 90% utilization) and a 550-MW solar module line at Falta in West Bengal. In addition, the company is preparing to launch a 600-MW co-located solar cell facility in October 2025. The upcoming expansion will be executed in two phases, each delivering 2 GW of solar cell and 2 GW of solar module capacity. The first phase is expected to be completed by June 2027, with the second to follow by June 2028. Funding will come from a blend of internal accruals and external lending facilities. Once completed, Websol’s total manufacturing capacity will reach 5.2 GW for solar cells and 4.5 GW for solar modules. “Our solar cell and module capacities will reach 5.2 GW and 4.5 GW by 2028, playing an important role in achieving India’s goal of 280 GW of solar power by 2030. This expansion strengthens our market position in clean energy adoption and our ability to deliver high-efficiency solar-based products,” said Sohan Lal Agarwal, managing director of Websol Energy System. India is targeting 280 GW of solar capacity by 2030, and domestic manufacturers are scaling operations to reduce reliance on imports and strengthen the country’s renewable energy value chain. Websol’s expansion is expected to bolster its role in supplying high-performance solar solutions to developers and utilities across the country.

down its exposure to a peer it brought into the fold three years ago. The Indian module manufacturer plans to sell roughly 14.66% of Indosolar, a producer it

hybrid in Madhya Pradesh, clearing the way for construction on one of India’s more advanced hybrid configurations this year. The structure blends

at its Gujarat facility, adding meaningful domestic capacity at a time when India’s installations are surging and supply-chain policy favors local

Board has submitted a best-and-final, non-binding proposal to acquire Indian renewable energy company ReNew Energy Global Plc at $8.15 per share. The

it included. Additional stating that the imports of the cells right into India, have not only remained to create significant injury to the residential

sovereign wealth fund GIC is exploring options for its 50% stake in India’s Greenko Energy Holdings, which is valued at around USD 5 billion.

Indian and Australian solar will spearhead a grid parity shift set to take hold of Asia-Pacific renewables within less than a decade, according to Wood Mackenzie. Renewables’ levelised cost of energy (LCOEs) across the region’s top 12 markets remains 29% higher than coal-fired power but the gap will vanish by 2027, the firm predicted on Monday. By 2030, the new analysis estimated, solar and wind will actually be 17% cheaper on average than any fossil fuels across the 12-strong group, spanning India, Australia, China and Japan. Wood Mackenzie research director Alex Whitworth said the shift will drive a major jump in these markets’ current renewable share of 6%, creating “opportunities” but also “disruption”. The figures show Indian solar LCOEs (US$38.2/MWh) already outcompete those of the country’s cheapest fossil fuels (US$44.5/MWh), thanks to high irradiation, market size and competition. Australia, Wood Mackenzie noted, will be second. The country’s past dependency on coal and gas is crumbling, as fossil fuel price hikes and green regulations bolster the case of renewables. After LCOE drops of 42% over the past three years, Australian PV already outcompetes gas and will reach US$48/MWh next year to catch up with coal, according to the firm. As Whitworth noted, Australia’s transition won’t be devoid of challenges, including grid impacts and curtailment issues. Energy storage, he argued, is “one of the key options” to shore up supply. Japan, Indonesia and Malaysia lag behind Wood Mackenzie’s update examined the grid parity journey of Asia-Pacific’s solar, finding utility-scale PV cost declines of 80% between 2010 and 2019 across the region. From solar LCOEs (US$344/MWh) above wind’s (US$120/MWh) in 2010, the industry has finally jumped ahead in 2019, achieving US$69/MWh to wind’s US$72/MWh. For some, however, the going is far slower. Where PV hit LCOEs of US$38.2/MWh in India in 2019, it remained behind in Japan (US$153/MWh), Indonesia (US$106/MWh) and Malaysia (US$88.6/MWh) All three solar markets – the priciest in Wood Mackenzie’s sample of 12 – will be the only in Asia-Pacific where renewables will not catch up with coal prices by 2030, the firm noted. The market tailwinds taking Asia-Pacific’s solar to grid parity are pushing the industry towards the same goalpost across the rest of the world.  In May, IRENA reviewed renewable projects and PPAs and found 83% of the utility-scale PV pipeline commissioned for 2020 will boast prices lower than the cheapest fossil-fuel alternatives. According to the agency, India and Italy were the world’s most cost-efficient PV markets as of 2018, followed by China, France and Germany. Others, including McKinsey, have predicted different outcomes for the global grid parity race. In February, the firm said Germany and Spain would hit the goal next year, outrunning India and Australia.

a leading solar roof firm in India, has announced that it has effectively appointed a roof solar plant in Rajasthan for a reputed fabric company. Located in

Solar Park India 2020 2245 map   57 The planned capacity of 2,245

solar jobs, as well as one more 400 MW of solar jobs are under pipe throughout India. Blueleaf has established, developed as well as run virtually 2 GW of solar

Power Renewable, a branch of India-based energy colossus Tata Power, has been awarded by the energy utility located in Gujarat for a new 50-megawatt

group. " Together with our just recently announced financial investment in India, this purchase shows considerable development versus CI NMF's investment

the recent 2 GW solar public auction held by the Solar Energy Corporation of India (SECI). The Basque developer landed 15% of the capacity offered in the