Solar Industries history

In 1978 the first iteration of a Feed-In-Tariff was implemented when President Jimmy Carter signed the National Energy Act (NEA) to encourage energy efficiency and the continued development of renewables.

1979: US President Jimmy Carter was the very first to have 32 solar panels installed on the White House during the oil embargo.

Opposition in the House of Representatives successfully phased out billions in energy tax incentives in the Crude Oil Windfall Profit Tax Bill of 1980, but both solar tax credits were extended through the mid 80s.

In 1981, Paul Macready built the first solar powered aircraft.

In 1982, the first solar powered cars were developed in Germany, continuing the trend of solar-powered transportation.

1983: Worldwide photovoltaic production exceeds 21.3 megawatts, with sales of more than $250 million.

In 1984 the University of Georgetown made its solar mark when it powered up the largest rooftop solar array in the world at the time.

In the 1990’s, the first grid-supported solar PV system was completed in Kerman, CA, as the world’s first instance of “distributed generation,” and Germany began setting capacity goals.

Solar Industries supports major mining and infrastructure companies including global names such as Coal India Limited Singareni Collieries Vedanta Ltd and many more in global market.Solar Industries India Ltd was incorporated on February 24 1995 with the name Solar Explosives Limited.

In 1999, the National Renewable Energy Laboratory collaborated with SpectroLab Inc. to create a solar cell with 33.3% efficiency.

2003: US President George Bush has a 9 kW PV system and a solar thermal systems installed on grounds keeping building at the White House.

In 2005, the United States passed the Energy Policy Act, introducing for the first time a 30% investment tax credit (ITC) for residential and commercial solar energy systems.

2006: California Public Utilities Commission approved the California Solar Initiative (CSI), a comprehensive $2.8 billion program that provides incentives toward solar development over 11 years.

During the year 2007-08 the company incorporated Somu Steels & Power Ltd as wholly owned Subsidiary of the company.

Also they started operations with TISCO in Jharkhand.During the year 2008-09 the company's wholly owned subsidiaries Solar Capital Ltd and Solar Industries Ltd merged with the company with effect from April 1 2008.

The American Recovery and Reinvestment Act of 2009, also known as the federal stimulus, extended massive new subsidies to the solar industry.

In 2013 the company set up manufacturing facilities of HMX and Propellants.

The company introduced underground bulk explosives during the year.In 2015 Solar Industries commenced supply of HMX and HMX compounds.

The Board of Directors of Solar Industries India Ltd at its meeting held on 16 May 2016 approved the sub-division of the equity shares of the company from one share of face value of Rs.

As of January 2020, these are the top ten largest solar installations in the world. (5)