Solex posts Q1 FY26 results: Indian solar PV manufacturer Solex Energy Limited has reported an 84% year-on-year (YoY) growth in its revenues for Q1 FY2026 (period ending June 30, 2025). The company reported revenues of INR 2.6 billion ($31.3 million) for the reporting quarter, compared to INR 1.41 billion ($17 million). It exited FY 2024-25 with an 81% YoY revenue growth (see Solex Energy Reports 81% YoY Growth In FY 2024-25 Revenues). The company credits this performance to robust industry partnerships and a focus on high-quality, customized solar solutions across rooftop, ground-mounted, and turnkey projects. Solex operates a 1.5 GW module manufacturing factory in Gujarat’s Tadkeshwar, from where it supplies locally as well as internationally. The company had earlier announced that it targets to achieve 15 GW of module and 5 GW of cell capacity under its Vision 2030.
Cabinet backs NTPC’s RE push: The Indian Cabinet Committee on Economic Affairs (CCEA) has approved an enhanced investment limit for state-owned utility NTPC Ltd, raising it from INR 75 billion ($0.9 billion) to INR 200 billion ($2.4 billion). NTPC will be able to invest this money through its subsidiaries NTPC Green Energy Limited (NGEL) and NTPC Renewable Energy Limited (NREL) to meet its 60 GW renewable energy target by 2032. The committee stated that the move will accelerate RE rollout, create jobs, and support India’s net-zero goals.
Special exemption for NLC India: Additionally, the CCEA has also approved a special exemption allowing NLC India Limited (NLCIL) to invest INR 70 billion ($840 million) in its renewable arm, NLC India Renewables Ltd. (NIRL), bypassing standard investment caps for Navratna CPSEs. According to the committee, this move supports NLCIL’s push toward 10.11 GW renewable capacity by 2030 and 32 GW by 2047, aligning with India’s COP26 climate goals. The investment flexibility is expected to accelerate clean energy growth, reduce fossil fuel dependency, and create employment across the renewable energy value chain.
Communication Standards for Solar Scheme: To ensure secure, transparent, and government-controlled monitoring of 10 million rooftop solar systems under PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the Ministry of New and Renewable Energy (MNRE) has issued a new guideline. It mandates all inverter communication devices to use machine-to-machine (M2M) SIMs and connect directly to national servers. The ministry aims to safeguard grid stability, prevent cybersecurity risks, and support centralized data management through this order. A protocol communication for integration testing of inverter communication will be available from September 1, 2025. The ministry has advised all OEMs enlisted to supply inverters under the PMSGMBY scheme to mandatorily ensure direct connectivity of their inverters to the national servers and software managed by MNRE or any agency designated by MNRE, effective from a date to be notified by the Ministry.
It has also published draft guidelines for inverter communication devices, including dongles and data loggers, under the PM Surya Ghar: Muft Bijli Yojana. These guidelines aim to ensure smooth, secure, and standardized integration of Remote Monitoring Systems (RMS) with a Centralised Platform for all grid-connected rooftop solar systems under the scheme. The ministry says that this will enable better interoperability and data sharing across systems. Stakeholders are invited to submit comments by July 31, 2025.
New 1 GW TOPCon Module Plant: Uttar Pradesh-based True Power is venturing into solar PV manufacturing with a 1 GW module project. It will be a 1 GW fully automated TOPCon solar module plant in its home state’s Barabanki region. True Power plans to invest INR 1 billion ($11.5 million) in building the factory within 6 months. It is already manufacturing earthing components and solar mounting structures from its 4 manufacturing units in the country.
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