Insolation Energy announces incorporation of step-down subsidiary
The MGVJ Green Infra will carry on the Business of Solar Power Plant Development, erection, installation, establishment, construction, operation and maintenance, and Consultancy of any renewable Energy Power Plants. Design, Supply, Erection, Testing and Commissioning including comprehensive Operation and Maintenance (O&M) of Rooftop Solar (RTS) photovoltaic power Projects.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
5 days ago
- Business Standard
Insolation Energy announces incorporation of step-down subsidiary
Insolation Energy announced that Insolation Green Energy, a wholly owned subsidiary of the Company, has incorporated a new subsidiary, namely MGVJ Green Infra on 10 August 2025. The MGVJ Green Infra will carry on the Business of Solar Power Plant Development, erection, installation, establishment, construction, operation and maintenance, and Consultancy of any renewable Energy Power Plants. Design, Supply, Erection, Testing and Commissioning including comprehensive Operation and Maintenance (O&M) of Rooftop Solar (RTS) photovoltaic power Projects.
Time of India
07-08-2025
- Time of India
Solar rooftop capacity building and gender bias
Nearly 7.1 million solar photovoltaic jobs were created globally in 2023, up sharply from 4.9 million in 2022, registering record annual expansion of 74 per cent (IRENA, 2023). This was due to a drop in panel costs and supportive government policies around the world (Bloomberg, 2024). In India, many supportive schemes were launched such as Kusum for agriculture pumps, Surya Ghar for rooftops, vendor certification and enrolments and many other supportive policies to encourage installation and use of Solar energy together with encouraging policy measures, inclusive of low cost finance and skilling programmes. What is the gender participation rate in this growing renewable energy sector? Let us take the example of Surya Ghar scheme , that aims to provide solar rooftop installations in 10 million households by March 2027, with free electricity up to 300 units every month. It has been estimated that to meet this target, approximately 400,000 full time solar technicians would be required. To this end, the Ministry of New and Renewable Energy (MNRE) has been imparting the solar technical training for installation, operation, maintenance and repairs under the Suryamitra and various other skill development programs. MNRE has partnered with and accredited several training centres across India to carry out the skilling programs for rooftop solar installations across India. Separately, the Prime Minister has also said that in the skilling programmes, the share of women should be at least 20 per cent. The MNRE reported on social media that. as of June 2025, they have trained around 1.6 lakhs youth under various flagship skill development programmes. Of these, during the period 2015-2024, the MNRE set up 426 registered training centres across India and completed the training of 57,371 trainees for rooftop. However, Table 1 shows that more than 94 per cent trained Suryamitra technicians were men, and the majority came from Other Backward Classes. Only 5.8 per cent were women. Such underrepresentation of women is a significant issue as the renewables sector needs to be inclusive and equitable for its own growth. Women represent a huge untapped pool of potential technicians that is essential for the expanding solar industry. If there is one sector, where gender participation should begin, it is the Surya Ghar. Without gender awareness, capacity building and active participation, the scheme may not succeed to reach its target. The scheme needs to enlighten and engage women and children about solar energy. It should not be just about provision of energy. Table 1: Demographics of Suryamitra Trainees TOTALWomenMenTrained Personnel100%5.8%94.2%Scheduled Caste15.4%15.3%15.4%Scheduled Tribe5.7%5.4%5.7%Other Backward Classes45.8%36.2%46.4%General Category30.0%40.7%29.3%Others3.2%2.4%3.2%TOTAL100%100%100% Source: Calculations based on Suryamitra database In terms of jobs placements after completion of the workshop, the gender disparity is stark (Table 2). Out of the total Suryamitra technicians, 45.5 per cent of the males got placed in the solar sector, while the proportion of women getting placed was a mere 1.7 per cent. Few trainees started their own business or went for higher studies, but the numbers are insignificant. There was also a significant proportion whose placement data was not available. Table 2: Job Placements and Training for Suryamitra technicians (% out of total) TrainedTOTALWomenMenPlaced47.2%1.7%45.5%Started own business1.8%0%1.7%Pursued higher studies0.2%0%0.2%Not interested0.1%0%0.1%Not employed34.8%2.3%32.5%No data15.9%1.7%14.2% Source: Calculations based on Suryamitra database This gender gap in capacity building and employment in the solar sector highlights the policy gap that needs to be filled with understanding of the selection process, problems of women and solutions to invite and include them. The underrepresentation excludes women from the socio-economic benefits of the green transition across India, as the gender disparity in both training and employment persists, underscoring that regional reach does not guarantee gender inclusiveness. In turn, it will limit the transition to RE, where a large population is excluded from benefits, participation and rewards. The Surya Ghar scheme requires a gender-responsive structure along with all its components including Suryamitra scheme, where admission, design of the curriculum and other barriers need to be understood. Admission process needs a targeted outreach in schools, colleges, and communities to attract women candidates. Some quota or reservation of a minimum 20 per cente enrolment for women should be set for the MNRE-certified training batches of technicians, along with incentives like stipends, travel support and safety infrastructure. At the same time, the capacity building programs need to promote micro-entrepreneurship models for women in solar maintenance, sales, and community awareness roles, backed by seed capital and mentorship. Most importantly, the vendors in the solar engineering, procurement and construction companies need to be follow inclusive HR policies to hire certified women technicians. The transition to solar energy presents a unique opportunity to embed gender equity into India's green economy. A gender-just solar workforce is not only a moral imperative but a strategic necessity for meeting India's renewable energy ambitions. (The authors are Jyoti Parikh is Executive Director at IRADe and Sudipa Majumdar is Director at IRADe)
Time of India
30-07-2025
- Time of India
ACME Solar shares rally 7% in 3 days after Q1 profit soars 9,319%
Tired of too many ads? Remove Ads Profit skyrockets, margins widen Tired of too many ads? Remove Ads Operational milestones and new project wins Refinancing and ratings boost ACME Solar shares have surged nearly 7% over the past three trading sessions after the renewable energy firm posted a 9,319% year-on-year jump in consolidated net profit for the June quarter, buoyed by strong project additions, robust margin expansion and fresh battery storage of the company climbed almost 1% on Wednesday, July 30, to hit an intraday high of Rs 288.95 on the BSE, extending their post-results rally to 6.9% since the results were announced after market hours on Friday, July 25. However, the stock pared gains later in the session to trade at Rs 280.35, down 2.2% on the Solar reported a consolidated profit after tax of Rs 131 crore for Q1 FY26, compared to just Rs 1.4 crore in the year-ago period, marking a staggering 9,319% surge. The company's revenue grew 71.8% year-on-year, driven by capacity additions and a rise in the capacity utilisation factor (CUF), which improved from 27% in Q1 FY25 to 28.5% in the latest came in at Rs 531 crore for the quarter ended June, up 76% from a year earlier, while EBITDA margin expanded to 90.9% from 88.8% in the same period last year. PAT margin stood at 22.4%.The company said it generated 1,636 million units (MUs) of electricity in Q1 FY26, a 107.1% rise from the year-ago period, led by higher CUF and the addition of new the quarter, ACME Solar commissioned 350 MW of projects, including its first wind project, 50 MW at Pokhran in Gujarat, taking the total operational portfolio to 2,890 MW, up 115.7% company also reported progress on its battery storage ambitions, having won a 550 MWh standalone battery energy storage system (BESS) project contracted with NHPC. It has signed power purchase agreements (PPAs) for 250 MW of firm and dispatchable renewable energy (FDRE), 300 MW of solar capacity and 550 MWh of BESS.'3.1+ GWh of BESS [have been] ordered from leading global energy system suppliers including Zhejiang Narada and Trina Energy,' the company said. It added that commitments have been secured for key long lead items like power conversion systems, transmission lines and wind also refinanced Rs 1,072 crore of debt during the June 2025 quarter, reducing the interest cost for a 250 MW operational project in Rajasthan by around 95 basis points. The debt was tied at an 8.5% fixed rate for five years, with Standard Chartered Bank, Bank of America and India Infradebt joining as new company's credit profile also saw upgrades. 'Recently commissioned 4x300 MW SECI ISTS solar projects each received rating of CRISIL AA-/Stable,' while the Acme Aklera 250 MW project was upgraded to ICRA A+/Stable, the company net debt to EBITDA stood at 4.2x as of Q1 FY26, comfortably within its targeted range of company expects the current operational portfolio to yield an annual project EBITDA of Rs 2,000–2,050 crore, resulting in a pre-tax ROCE of 14.5%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
