JBM Group to enter India solar market with 300MW of projects

Facebook
Twitter
LinkedIn
Reddit
Email

Automotive equipment supplier JBM Group has announced plans to enter the solar market by building a combined 300MW of solar capacity in India over the next three years.

Under a newly formed entity, JBM Solar, the firm plans to act as an independent IPP and has earmarked Rs. 1,600 crore (US$250 million) for the first phase. It will focus on ground mounted and solar rooftop projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

JBM has already commissioned its first rooftop solar installation of 250kW capacity at the India Habitat Centre in New Delhi.

It has also secured a 20MW order from the Government of Haryana State. JBM claims this will be the largest solar power plant in Haryana.

JBM is in discussion with various state electricity producers or ‘discoms’ to set up more solar projects.

Going forward, the company, which has an annual turnover of US$1.2 billion, expects around 15% of its total revenue to come from solar power projects. It also plans to extend into wind and biomass in its next phase.

Nishant Arya, executive director, JBM Group said: “With the Indian national solar target increasing from 20GW to 100GW by 2022 and our government’s ongoing focus towards building smart cities, we feel this is the right time to enter into the solar power sector.”

He added: “With clean energy getting international thrust, we are extremely bullish on our latest foray. We also plan to hire up to 100 people in the solar vertical.”

This week PV Tech reported a proposed amendment to the Renewable Purchase Obligation (RPO) by India’s ministry of power. State Electricity Regulatory Commissions in India could soon be obliged to purchase 8% of their power generation from solar sources by March 2019, up from the original target of 3% by 2022, under the proposals.

Read Next

July 8, 2025
The Chinese government has moved to curb excessive competition in the PV sector and stabilise pricing as companies report growing losses.
July 8, 2025
Germany could install 500GW of new solar agrivoltaics (agriPV) capacity on its most 'suitable' land, according to Fraunhofer ISE.
July 8, 2025
Bulgarian-headquartered solar engineering company Sunotec has acquired 100% of the project company, SIA DSE Lazas Solar, from Danish Sun Energy. 
July 8, 2025
Donald Trump has issued an executive order to tighten restrictions on renewable energy tax credits just days after signing his “One, Big Beautiful Bill” act into law, which significantly cut federal support for renewables.
July 8, 2025
German solar glass manufacturer Glasmanufaktur Brandenburg (GMB) has filed for insolvency after posting monthly losses of €900,000 this year.
July 8, 2025
Energy consultancy JMK Research has forecast 28.3GW of utility-scale and residential solar PV to be installed in India during fiscal year 2026.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK