Golyan Group’s Pure Energy has reported a significant profit increase from its solar projects in Nepal, signaling a bright future for the nation’s renewable energy sector. The company’s subsidiary, Pure Energy Limited, announced a remarkable 71% surge in net profit for the first quarter of the fiscal year 2025/26, underscoring the growing viability and success of solar investments in the region.
Nepal solar energy Projects’ Contribution to Profit
Golyan Group, a major player in Nepal’s energy sector, has solidified its position with the outstanding performance of its solar projects under the Pure Energy division. The company reported a net profit of Rs 9.05 million in the first quarter, a substantial increase from Rs 5.2 million during the same period last year. This milestone is a direct result of strategic investment and operational excellence.
The core of this success lies in two 10-megawatt solar projects located in Banke, Nepal. These plants generated an impressive Rs 65.5 million in revenue from electricity sales during the quarter. The financial health of Pure Energy has been further bolstered following its successful initial public offering (IPO) in 2024, which brought its paid-up capital to Rs 800 million. Consequently, earnings per share have climbed from Rs 3.29 to Rs 4.50, and the net worth per share has risen to Rs 101.61. This strong performance is a testament to how well-planned Nepal solar energy projects can boost output and deliver significant returns.
Impact on Nepal’s Energy Sector with Nepal solar energy
The success of Golyan Group’s solar initiatives is a crucial development for Nepal’s broader energy landscape. For years, the country has grappled with energy shortages and frequent power cuts that hinder economic activity. The government’s push for private investment in renewables is now bearing fruit, with Pure Energy’s projects serving as a powerful case study.
By supplying clean, reliable electricity to the national grid, Golyan Group’s solar plants are playing a vital role in reducing the country’s energy deficit and stabilizing the power supply for businesses and households. This success not only provides immediate relief but also builds confidence in the renewable energy sector. It demonstrates that solar power is not just environmentally sustainable but also a profitable venture in the Nepalese context.
Furthermore, such achievements are positioning Nepal on the global stage. The country has recently seen the launch of its first project eligible for International Renewable Energy Certificates (I-RECs), a significant step toward integrating with global green energy markets. You can learn more about this development in the Nepal solar I-REC project launch report. This progress, coupled with a growing domestic industry, highlights the immense potential within Nepal solar panel manufacturing.
Future Plans and Expansion of Nepal solar energy
Building on this momentum, Golyan Group has ambitious plans for the future. The company has announced its intention to continue expanding its solar capacity by developing new plants across Nepal. Potential sites have already been identified based on high solar irradiance and proximity to the national grid, with construction expected to begin in the coming months.
In addition to adding new capacity, Pure Energy is focused on technological advancement to enhance efficiency. The company is actively investing in research and development to optimize its energy production, exploring innovations in solar panel technology and energy storage solutions. Understanding the technical side, from the basics of manufacturing to the specific raw materials used, is key to these improvements.
This commitment aligns perfectly with Nepal’s national energy policy, which seeks to increase the share of renewables in its energy mix. The success of companies like Golyan Group is critical for achieving these national goals and showcases Nepal’s potential within the larger clean energy transition, a trend detailed in the Global Solar Report. As the industry grows, understanding the entire value chain, including the solar panel manufacturing process and the associated costs, will become increasingly important for new investors.
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