Currently, India has an installed solar power of around 73 GW, according to ICRA. New solar capacity additions in fiscal year 2024 and fiscal year 2025 are estimated at 17 GW and 20 GW, respectively.

India’s Alpex Solar has filed a draft prospectus for an initial public offering (IPO) on the NSE Emerge trading platform in Mumbai. It plans to use the net proceeds to expand its PV panel capacity from 450 MW to 1.2 GW and set up an aluminium frame manufacturing unit.

EKI Energy Services says it will oversee the production, marketing, installation, and after-sales services of “Surya Nutan,” an indoor solar cooking system designed and patented by IndianOil. The initiative will be supported by carbon finance.

Goldi Solar has agree to supply its HELOC PRO series of 545 Wp PV modules to Engie India, while Waaree Energies has agreed to provide more than 200 MW of solar modules to IRCON Renewable Power.

Solar Energy Corp. of India Ltd. (SECI) has started accepting bids to supply 400 MW of domestically manufactured solar modules built with made-in-India cells. The modules must be rated a minimum of 540 W each. Bidding ends on Dec. 23.

Delhi-based Bluebird Solar, which currently operates 400 MW of annual panel manufacturing capacity, says it will ramp up capacity to 1.2 GW by March 2024 and to 2 GW by March 2025.

Solar Energy Corp. of India (SECI) has started accepting bids from developers to supply 1.5 GW of renewable energy with storage systems.

Engie has secured a 400 MW solar project through competitive bidding in an auction by Gujarat Urja Vikas Nigam Ltd. (GUVNL). The project is set for commissioning by the second quarter of 2024.

India’s Waaree has signed a three-year deal with Acciona to supply 1.5 GW of TOPCon solar modules for the Spanish developer’s PV installations in the United States from 2024 to 2026.

AmpIn Energy Transition says it plans to invest $372 million to set up more than 600 MW of renewable energy projects and an integrated 1.3 GW solar cell and module factory in eastern India.