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Solar industry news

Shorter, newsroom-style pieces — distinct from our long-form blog guides.

  • Servotech Plans ₹400 Crore Haryana Investment For EV Chargers, Solar Products
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    Servotech Plans ₹400 Crore Haryana Investment For EV Chargers, Solar Products

    Servotech Renewable Power System Ltd. has signed a Memorandum of Understanding with the Haryana Enterprises Promotion Centre, Department of Industries & Commerce, Government of Haryana, to expand its manufacturing and warehousing operations in the state. The company plans to invest around ₹400 crore under the agreement. The MoU was signed during the launch of the ‘Make in Haryana’ Industrial Policy 2026 in Gurugram on June 1, 2026, in the presence of Haryana Chief Minister Nayab Singh Saini. The proposed investment will be implemented in phases over the next 24 to 36 months. Servotech plans to use the investment to expand manufacturing capacity for EV chargers, solar products, battery packs, battery energy storage systems (BESS), and power electronics. These segments have been identified as priority areas under the Make in Haryana Industrial Policy 2026. The company said the expansion will help improve production capacity, strengthen operational efficiency, support import substitution, and meet growing demand from domestic and international markets. Servotech is currently evaluating potential locations in the state for setting up the proposed facilities. As part of the MoU, the Haryana Government, through HEPC, will provide facilitation support and ease-of-doing-business assistance for the implementation of the investment plan. Commenting on the development, Raman Bhatia, Managing Director of Servotech Renewable Power System Ltd., said the investment is aligned with the company’s long-term plan to expand its renewable energy manufacturing footprint. He said the partnership would support Servotech’s target of achieving ₹1,500 crore in revenue by FY2027, while also contributing to Haryana’s clean energy and industrial growth plans. The company recently reported its strongest-ever quarterly performance in Q4 FY26, with standalone revenue rising 76% year-on-year to ₹212.2 crore and EBITDA increasing 76% to ₹23.2 crore.

    2026-06-03 · Saur Energy

  • Beyond Rooftops: Solarium Bets Big on Manufacturing, EPC to Fuel Next Growth Phase
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    Beyond Rooftops: Solarium Bets Big on Manufacturing, EPC to Fuel Next Growth Phase

    Beyond Rooftops: Solarium Bets Big on Manufacturing, EPC to Fuel Next Growth Phase Photograph: (AI) Solarium Green Energy is repositioning itself from a residential rooftop solar installer into an integrated solar manufacturing and EPC player, as the company ramps up its newly commissioned 1.2 GW module manufacturing facility and expands its presence in large utility-scale projects. The strategic shift comes as the company seeks to reduce its dependence on government-backed distributed solar programmes and create a more scalable business model anchored around manufacturing, large EPC contracts and a nationwide solar-kit distribution network. "Our most significant development was the commissioning of our 1.2 GW fully automated module manufacturing facility in Ahmedabad," management said during the company's FY26 earnings call, adding that the facility is capable of producing up to 4,000 panels per day and manufacturing advanced modules, including G12 panels with output of up to 725 Wp. The company said it has deliberately expanded into large ground-mounted EPC projects to improve cash conversion cycles and operational efficiency. "We consciously added ground-mounted large EPC projects as another stream for the business. It was a calculated decision to reduce our exposure to the extended receivable cycles that are inherent in government distributed programs," management said. According to the company, large EPC projects offer better working capital dynamics despite carrying relatively lower gross margins. The strategy also helps Solarium absorb output from its manufacturing facility through captive consumption. "We currently have approximately 765 MW of confirmed captive module consumption within our EPC order book and a forward pipeline of over 300 MW of projects under active discussion," management said. The company recently secured a 50 MW AC ground-mounted solar project in Maharashtra valued at more than ₹185 crore and ended FY26 with an unexecuted order book exceeding ₹300 crore. Management indicated that around 50-60% of future module production is expected to be consumed internally. "We are targeting 50-60% in-house consumption of the production at least," said Ankit Garg, Chairman and Manging Director of the firm, adding that EPC projects and the company's newly launched solar kits would be the largest internal consumers of module output. The manufacturing facility, which commenced commercial production in mid-March, is currently operating at around 45% utilisation. "Currently, the factory is running at around 45% utilization," management said, noting that production was temporarily moderated as the industry assessed the impact of the ALMM-II framework. Alongside manufacturing and EPC, Solarium is also scaling its solar-kit business, targeting thousands of residential solar installers participating in the PM Surya Ghar programme. The company has built a network of more than 450 partners across over 25 cities and is positioning its

    2026-06-03 · Saur Energy

  • China Launches Two Space Energy Alliances to Advance Space-Based Solar Technologies
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    China Launches Two Space Energy Alliances to Advance Space-Based Solar Technologies

    China's solar and clean energy industry is increasingly looking beyond terrestrial applications, with two new industry alliances focused on space-based energy technologies being launched at the 19th International Photovoltaic Power Generation and Smart Energy & Energy Storage Exhibition (SNEC 2026) in Shanghai. The developments signal growing interest in combining advances in photovoltaics, energy storage, aerospace technology and satellite infrastructure to support future space energy applications. The newly launched Space Energy Development Alliance brings together organisations from across the solar, energy storage, hydrogen, computing, charging infrastructure, and aerospace sectors. The alliance aims to promote collaboration between the space and renewable energy industries and support the development of future space-based energy technologies. Founding members include commercial satellite company GalaxySpace, Kunshan GCL Photovoltaic Materials, the Yangtze River Delta Solar PV Technology Innovation Center, Shanghai Tianfu Interstellar Energy Technology, Shenzhen Aerospace New Source Technology and several other research and industrial organisations. GalaxySpace, one of China's commercial aerospace companies, has launched more than 40 self-developed satellites as of April 2026. Alongside the launch of the Space Energy Development Alliance, JA Solar and several industry partners announced the formation of the Space Energy Technology Ecosystem Alliance. The initiative includes participation from Saiwu Technology, Jiangsu Jiejiawei Innovation Intelligent Equipment, CGC Certification Centre and research institutions. Saiwu Technology is known for its advanced polymer materials and recently commercialised luminescent down-shifting films designed for perovskite tandem solar modules. Meanwhile, photovoltaic equipment manufacturer Jiangsu Jiejiawei has highlighted the potential of perovskite solar cells in applications beyond conventional solar power plants, including building-integrated photovoltaics, portable energy systems and wearable devices. Traditional satellite solar arrays primarily rely on gallium arsenide multi-junction solar cells due to their high efficiency and reliability. However, the technology remains expensive because of limited material availability and complex manufacturing processes. As satellite constellations continue to expand, particularly in low Earth orbit, industry participants are increasingly exploring alternatives that can deliver lower costs while maintaining high performance. Perovskite and tandem solar cell technologies are attracting attention because of their potential for high efficiency, lightweight design and lower manufacturing costs.

    2026-06-03 · Saur Energy

  • Australia Explores 50,000-Tonne Polysilicon Plant to Strengthen Solar Supply Chain
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    Australia Explores 50,000-Tonne Polysilicon Plant to Strengthen Solar Supply Chain

    Australia Explores 50,000-Tonne Polysilicon Plant to Strengthen Solar Supply Chain Photograph: (Archive) Australia has taken a step towards establishing a domestic polysilicon manufacturing industry, with the Australian Renewable Energy Agency (ARENA) supporting a feasibility study for a large-scale facility capable of producing 50,000 tonnes of polysilicon annually. The study, being led by Energus under ARENA's Solar Sunshot programme, will assess the commercial and technical viability of developing a polysilicon manufacturing facility at the Hunter Energy Hub in New South Wales. The proposed facility would support between 10 GW and 40 GW of solar manufacturing capacity and is aimed at strengthening Australia's position in the global solar supply chain. ARENA has committed A$1.4 million towards the project, which has a total cost of A$2.81 million. The study commenced in May 2025 and is expected to run until July 2027. The initiative comes as Australia seeks to reduce its dependence on imported polysilicon, a critical raw material used in solar photovoltaic manufacturing. According to the study, the global polysilicon supply chain remains concentrated in a handful of countries, exposing Australia to supply chain vulnerabilities and geopolitical risks."The feasibility study aims to address knowledge gaps in cost, design, engineering and supply chain factors necessary to support the development of a 10-40 GW capacity facility producing 50,000 tonnes of polysilicon per annum," the ARENA document stated. As part of the study, Energus will establish a consortium to evaluate commercial, engineering, operational and regulatory aspects of the project. The work will include market assessments, infrastructure planning, supply chain analysis, engineering feasibility studies, energy requirement estimates and project development timelines. The Hunter Energy Hub has been identified as the preferred location, with the study examining infrastructure requirements such as power and water availability needed to support large-scale polysilicon production. The findings are expected to provide a roadmap for establishing a commercial-scale polysilicon industry in Australia and support broader efforts under the Solar Sunshot programme to localise key segments of the solar manufacturing value chain. According to ARENA, the project aims to support innovation in polysilicon manufacturing while addressing barriers to domestic production, including the potential for a green polysilicon premium and pathways for creating a reliable Australian supply of the material. If found viable, the project could mark a significant milestone in Australia's efforts to build an integrated solar manufacturing ecosystem and reduce reliance on imported materials critical to the country's clean energy transition.

    2026-06-03 · Saur Energy

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