Australian Premium Solar (India) Wins 16 MW Solar Project in Bihar

AHMEDABAD — Australian Premium Solar (India) Limited has been awarded a significant contract by the South Bihar Power Distribution Company Limited (SBPDCL) to develop 16 MW of grid-connected rooftop solar projects. The announcement, released on June 15, 2026, details a structured investment and revenue model aimed at bolstering renewable energy capacity in the state of Bihar.

The project is being executed under the "CAPEX plus RESCO" (Renewable Energy Service Company) model, which aligns with the government's [suspicious link removed]. This strategic win is expected to strengthen the company’s presence in the utility-led aggregation sector and contribute to its long-term revenue streams.

Financial and Project Scope

According to the company’s regulatory filing submitted to the National Stock Exchange (NSE), the contract entails a capital expenditure (CAPEX) of ₹680 million (₹68 crore) during the first year of implementation. Following the initial rollout, the company projects annual inflows of approximately ₹90 million (₹9 crore) over the subsequent ten years.

This model allows Australian Premium Solar (India) to achieve a balance between upfront installation revenue and long-term service-based income. The move is part of the company's broader strategy to expand its operational capacity toward a 1.2 GW target, as outlined in recent management outlooks.

Strategic Alignment with India's Energy Goals

Australian Premium Solar (India) Limited, an indigenous manufacturer of solar modules and provider of engineering, procurement, and construction (EPC) services, has increasingly focused on large-scale government-backed initiatives. By leveraging the ALMM (Approved List of Models and Manufacturers) framework and the domestic manufacturing ecosystem, the company continues to secure orders that support India's 500 GW renewable energy target by 2030.

The project in Bihar is specifically designed to address regional power distribution challenges by decentralizing energy production through rooftop solar installations.

Official Sources and Regulatory Filings

The contract details were formally disclosed by the company’s corporate secretariat on June 15, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The order was awarded by SBPDCL, a department under the Government of Bihar, as part of its ongoing efforts to modernize power infrastructure.

Why It Matters

For stakeholders and investors, this contract provides visibility into the company's long-term revenue potential. By diversifying its order book with government-led utility projects, Australian Premium Solar (India) mitigates the risks associated with volatile residential retail demand. Furthermore, the 10-year recurring revenue model provides a stable financial anchor that supports the firm’s ongoing capital-intensive upgrades, such as its shift to TopCon solar cell technology.

Key Facts at a Glance

• Project Size: 16 MW Grid-Connected Rooftop Solar.

• Client: South Bihar Power Distribution Company Limited (SBPDCL).

• CAPEX: ₹680 million (₹68 crore) in the first year.

• Recurring Revenue: Approximately ₹90 million (₹9 crore) annually for 10 years.

• Strategic Framework: PM Surya Ghar-Muft Bijli Yojana (Utility-Led Aggregation Model).

FAQ

What is the CAPEX vs. RESCO model used here? The project utilizes a hybrid model where the company covers the initial capital expenditure (CAPEX) to set up the solar infrastructure and subsequently earns revenue through a long-term service (RESCO) arrangement.

How does this project impact Australian Premium Solar (India)? The contract provides a consistent 10-year revenue stream of ₹90 million annually, which enhances the company's financial predictability and supports its long-term growth targets.

What is the role of the PM Surya Ghar-Muft Bijli Yojana in this deal? The scheme provides the structural and financial framework under which the utility-led solar aggregation is being implemented, facilitating the installation of rooftop solar across Bihar.

Is this project currently active? Yes, the company formally announced the award of the work order on June 15, 2026, following the receipt of the contract from SBPDCL.

Source: Australian Premium Solar (India) Limited - NSE Filings, South Bihar Power Distribution Company Limited (SBPDCL), SEBI Regulatory Portal, [suspicious link removed].