Solarium Green Energy Limited , a key player in India's renewable energy sector, has made significant strides in expanding its market presence. The company recently announced the signing of multiple Memorandums of Understanding (MOUs) for the supply of solar photovoltaic modules, marking a substantial boost to its order book. Additionally, the company has secured three new purchase orders totaling approximately ₹18.62 crore (exclusive of GST) for solar module supply.

Key Highlights of the Agreements

Breakdown of Supply Agreements

Technical Specifications and Delivery Details

• Module Type: G12 and G12R series solar modules
• Power Output: Exceeding 720WP (G12) and 620WP (G12R)
• Estimated Supply Volume: Approximately 1,41,000 units
• Manufacturing Facility: Upcoming plant expected to be commissioned by January 2026
• Unit Price: ₹14 per watt (Ex-works basis)
• Payment Terms: 10% advance, 90% payable prior to dispatch

New Purchase Orders

Solarium Green Energy has received three new purchase orders:

1. Two orders from Suntek Energy Systems Private Limited (Truzon Solar):
   • ₹12.18 crore for 715wp N-Type i-TOPCon Bifacial Dual Glass Monocrystalline Modules N-DCR
   • ₹31.53 lakh for the same type of modules
2. One order from Solluz Energy Private Limited:
   • ₹6.12 crore for 715Wp N-Type Bifacial Solar PV Modules for a Rajasthan project

These orders involve the supply of 21,516 modules combined, with delivery schedules spanning from October to December 2025. Payment terms include advance payments ranging from 10% and milestone-based payments upon dispatch and delivery.

Strategic Implications

These agreements and new purchase orders represent significant milestones for Solarium Green Energy, demonstrating strong market demand for their advanced solar module technology. The MOUs and additional orders are expected to contribute positively to the company's future order book, revenue visibility, and overall business growth.

Market Impact

The solar energy sector in India continues to show robust growth, with companies like Solarium Green Energy playing a crucial role in the country's renewable energy transition. These agreements and new orders not only strengthen Solarium's position in the market but also indicate a growing appetite for high-efficiency solar modules among Indian solar project developers.

As the renewable energy landscape evolves, such strategic partnerships and continuous inflow of orders are likely to become increasingly important, driving technological advancements and cost efficiencies in the solar power sector.

Solarium Green Energy Limited has announced a significant milestone in its renewable energy portfolio. The company has secured a Notification of Award worth ₹4.35 crore (excluding GST) from NTPC Vidyut Vyapar Nigam Limited (NVVN) for a 1320 kW Rooftop Solar Project at AIIMS-Rishikesh, Uttarakhand.

Contract Details

The contract, awarded on September 24, 2025, is part of NVVN's initiative for the "Selection & Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (Above 1000 kW) across India." The project encompasses three key components:

Project Timeline

Solarium Green Energy is required to complete the facilities within 180 days from the date of the Notification of Award, setting a tight deadline for project execution.

Strategic Importance

Ankit Garg, Chairman & Managing Director of Solarium Green Energy Limited, emphasized the strategic importance of this contract, stating, "This order will significantly broaden our customer base and serve as a key driver in enhancing the company's profitability."

Contract Transparency

The company has confirmed that this is not a related party transaction, and the promoters have no interest in NTPC Vidyut Vyapar Nigam Limited, the entity awarding the contract.

Market Impact

This new contract represents a positive development for Solarium Green Energy Limited, potentially strengthening its position in the renewable energy sector. The successful execution of this project could pave the way for more significant contracts in the future, contributing to the company's growth trajectory in the burgeoning solar energy market.

Investors and stakeholders will likely be watching closely to see how efficiently Solarium Green Energy can deliver on this project, given the tight timeline and the potential for future opportunities in the sector.