Deals Counterparts

GREW Solar secures ₹500 crore repeat order for M10R solar modules for utility-scale projects in India

Supply Agreement Solar announced India Mar 11, 2026
USD500M
Deal Value
development/construction
Stage

GREW Solar, an Indian PV module manufacturer, secured a ₹500 crore repeat order from a major Independent Power Producer for high-efficiency M10R solar modules. These modules, featuring advanced TOPCon cell technology, will be used to power utility-scale solar projects in India, reflecting GREW Solar's growing reliability in meeting rising energy demands.

Get daily solar deal alerts — free, no spam.

Subscribe to access full counterpart details, deal analysis, and timeline.

Subscribe from €20/mo →

Deal Analysis

An Indian PV module maker, GREW Solar, just landed another ₹500 crore order for its M10R solar modules from a major Independent Power Producer. This isn't their first rodeo; the repeat business for high-efficiency TOPCon modules suggests strong performance and reliability in utility-scale deployments. It's a clear vote of confidence in GREW's advanced technology and its ability to meet India's escalating energy demands with domestic manufacturing.
  • ₹500 crore repeat supply agreement
  • M10R solar modules featuring TOPCon cell technology
  • Supplier: Indian PV manufacturer GREW Solar
  • Buyer: Major Independent Power Producer

Source Intelligence

KEY DETAILS

The modules are built using TOPCon (Tunnel Oxide Passivated Contact) cell technology. The M10R modules incorporate a 144 half-cut cell configuration. The modules are backed by a 15-year product warranty and a 30-year linear performance warranty. This is a repeat order following successful execution and timely delivery for the same developer in a previous project. Quotes: - "The modules are built using TOPCon (Tunnel Oxide Passivated Contact) cell technology, which enhances energy generation efficiency and ensures reliable performance for utility-scale solar power plants." - "The M10R modules incorporate a 144 half-cut cell configuration, a design that helps minimize power losses and improves operational stability, particularly in high-temperature environments common in many parts of India." - "The modules are backed by a 15-year product warranty and a 30-year linear performance warranty, ensuring long-term durability and sustained energy output for project developers." - "GREW Solar... has secured a repeat order... The order follows the successful execution and timely delivery of modules for the same developer in a previous project, reinforcing the continued partnership and trust between the two companies."

Deal Size
secured a repeat order valued at approximately ₹500 crore
Location
to Power Utility-Scale Solar Projects in India
Announcement
Wednesday, March 11, 2026
PARTIES MENTIONED IN SOURCE
G
GREW Solar seller

"GREW Solar, one of India’s youngest and rapidly expanding solar PV module manufacturers, has secured a repeat order... for the supply of its high-efficiency M10R solar photovoltaic modules."

I
Independent Power Producer (IPP) buyer

"from a leading Independent Power Producer (IPP) for the supply of its high-efficiency M10R solar photovoltaic modules."

high quality Enriched Mar 11, 2026

Timeline

Announced
Mar 11, 2026
Signed
Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Subscribe from €20/mo →
Track Solar deals