Let me put it another way. This is the china strategy.
Flood the system.
The top 4-5 players are making an integrated play (Tata P + RIL + Adani + Waaree + Premier). They will survive the glut. In 3-4 years, when everything shakes out, the companies that survive will mint money.
New process achieves 97 percent silver recovery from end-of-life solar panels pioneered by Australian resarchers employing the crushing and dilatation technique used in mineral development
Makimg Green Hydrogen Cost-Competitive
as of Dec 31 2025, FII and DII both increased their shareholding..public % decreased but number of shareholders have increased
China is cutting solar capacity
China slashing solar and battery subsidies
I’m not able to understand, that if overcapacity was the potential reason then how come the revenue in Q3FY26 has grown substantially, Profit margins are highest and event orderbook stands at 60,000 cr. Where can we see overcapacity here ?
overcapacity will affect solar manufacturing companies after 2-3 years and all investors want long term reliable companies. institutions are not chasing short term revenues spikes like retailers. current solar manufacturing capacity stands at 125 GW annually and new entrants will ramp up capacity utilization within 1-2 years then overcapacity will be a hard reality in industry. margins will start shrinking from fy28 onwards.
Think of overcapacity as a sector-level time bomb, not something that hits everyone at the same time. Overcapacity is at the manufacturing layer, not EPC/project execution. Overcapacity shows up first in factory utilization & module prices, not in EPC order books.
Consider this temporary margin super-cycle for installers & developers. Overcapacity exists in panel manufacturing, while Waaree is benefiting from solar installation activity and old high-margin contracts.
this overcapacity concerns will phase out loose companies and a wave of consolidation will happen which will result in stronger players getting more stronger.
Strong players are with operational excellence and very strong financial heath.
this is AI generated and this ambitious target of 1 crore households wild slow down according to me because first of all the base will get bigger and the same high growth will be difficult to achieve and the people for whom it was easy has already installed solar panels so the incremental growth will be difficult to achieve.
I am not saying that there will be degrowth or stagnancy but the growth will slow down a bit.
Waaree’s group head of Finance on the import tariffs.
Waaree Energies filed with the exchange that they have won a 300MW Wind Power plant project order in Gujarat.
A rough calculation on how much annual revenue it would generate–>
Installed capacity = 300MW
Capacity utilization factor (CUF) = 31% (for wind power in Gujarat)
Tariff = Rs 3.68/kWh
Expected yearly revenue= 300 x 1000 x 8760 x 0.31 x 3.68 = approx. 300 Crores in yearly revenue
The PPA is for a duration of 25 years but the date of commencement of operations is not mentioned.
I think 10-15% more fall will be bargain for institutions because waaree is not a solar company but it is aggressively entering into various other sectors which can be verified by looking at their recent concall. And the valuations are not sky high so an investor should not panic and just look at the company numbers and their announcements and concalls.
Will the West Asia crisis which is resulting in fuel crisis, have a side effect on renewable energy, reminding people how fickle the easy and regular supply of petrol could be and the glut in solar panels may not be such a bad thing?
Yes but i don’t think this as a big factor but yes a good supporting fact.
