Solarworld Energy Solutions Limited has announced that its subsidiary has received significant regulatory approval to supply solar panels to grid-connected projects across India. The company disclosed this development to stock exchanges on December 22, 2025, in compliance with SEBI listing regulations.

Regulatory Approval Details

The Ministry of New & Renewable Energy, Grid Solar Power Division, has enlisted Znshine Solarworld Private Limited under List-I (Manufacturers and Models of Solar PV Modules) of the ALMM Order 2019. This approval was granted through revision number XLV dated December 22, 2025.

Business Impact and Significance

The approval carries substantial business implications for Solarworld Energy Solutions Limited. Under the Approved Models and Manufacturers of Solar Photovoltaic Modules (requirement of compulsory registration) Order 2019, only listed and registered solar panels can be supplied to grid-connected projects in India. This regulatory framework ensures quality standards and compliance in the solar energy sector.

With this enlistment, Znshine Solarworld Private Limited can now supply solar panels to grid-connected projects throughout India. The 1.552 GW annual capacity represents significant manufacturing capability in the growing Indian solar market.

Regulatory Framework

The ALMM (Approved List of Models and Manufacturers) Order 2019 is a crucial regulatory mechanism that governs solar panel supply to grid-connected projects in India. The order mandates compulsory registration for manufacturers and their specific models before they can participate in the Indian solar market.

Key aspects of the approval include:

• Coverage under List-I for manufacturers and models of Solar PV Modules
• Compliance with quality and technical standards
• Authorization for grid-connected project supply
• Four-year validity period providing business certainty

Company Structure

Solarworld Energy Solutions Limited operates in the power infrastructure sector with a market capitalization of ₹2,576.78 crores, classified as a small-cap company. The company maintains its registered office in New Delhi and corporate office in Noida, Uttar Pradesh. Znshine Solarworld Private Limited operates as a wholly owned subsidiary, focusing on solar panel manufacturing and supply operations.

The regulatory approval strengthens the company's position in India's expanding renewable energy market, providing a clear pathway for solar panel supply to grid-connected projects across the country.

Solarworld Energy Solutions Limited, a key player in the renewable energy sector, has made a significant stride in the energy storage market. The company recently inked a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited, marking a substantial development in India's green energy landscape.

Contract Details

Strategic Implications

This agreement represents a notable advancement in India's push towards sustainable energy solutions. The 200MW/400MWh Battery Energy Storage Systems (BESS) project in Gujarat is poised to play a crucial role in stabilizing the grid and facilitating the integration of renewable energy sources.

Market Position

The successful securing of this contract underscores Solarworld Energy Solutions Limited's growing prominence in the energy storage sector. As a domestic entity awarded this significant project, the company is well-positioned to contribute to and benefit from India's evolving energy infrastructure.

Long-term Outlook

With a 12-year contract duration, this agreement provides Solarworld Energy Solutions with a stable, long-term revenue stream. It also aligns with India's broader goals of enhancing grid reliability and supporting the transition to cleaner energy sources.

This development may signal increased investor interest in companies specializing in energy storage solutions, as the sector becomes increasingly vital in the context of renewable energy integration and grid modernization efforts.

Investors and market watchers will likely keep a close eye on Solarworld Energy Solutions Limited's execution of this project, as it could set a precedent for future large-scale energy storage initiatives in India.