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ACME Solar FY26 profit jumps 98.4% to INR 498 crore

ACME Solar Holdings has reported a 98.4% year-on-year increase in profit after tax (PAT) to INR 498 crore for fiscal year 2026. The company posted total revenue of INR 2,507 crore for FY 2026, up 59% year on year.
Manufacturing

AlphaTracker launches hydraulic mechanism that locks trackers during strong wind gusts

The Portuguese manufacturer unveiled Maxi-Lock, an autonomous hydraulic mechanism that locks solar trackers during strong wind gusts or high-amplitude vibrations, and Smart-Slope, a universal joint-style system designed for uneven terrain. The company cl...
Highlights

Pace Digitek wins 250MW/500MWh battery storage project from Damodar Valley Corp.

Pace Digitek has secured supply, EPC, and operation and maintenance (O&M) contracts from Damodar Valley Corp. for a 250 MW/500 MWh battery energy storage system (BESS) project at Maithon.
Announcements

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Technology

Investment revives in thermal power amid grid stability needs as renewables surge: ICRA

A new report by ICRA says that the thermal power sector in India is witnessing a revived investment emphasis, even as the renewable capacity continue to surge. Thermal power acts as a reliable base-load supply, aiding grid stability amid expectations of ...
Energy Storage

LICO Materials wins government incentives for critical mineral recycling

LICO Materials has committed to invest INR 240 crore in its Karnataka facility that will produce battery-grade critical minerals from end-of-life lithium-ion batteries. The project qualifies for a 20% capital expenditure (CapEx) subsidy and a multi-year ...
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Installations

ESG has evolved beyond compliance into core business strategy: Milton Kenny, Premier Energies

Milton Kenny, general manager-ESG at Premier Energies Ltd, discusses how ESG is reshaping the renewable energy sector—from decarbonisation to supply chain transparency and circularity.
Installations

Apple partners CleanMax to build 150 MW of renewable energy capacity for captive consumption in India

Apple has partnered with CleanMax to develop more than 150 MW of new renewable energy capacity in India for captive consumption.
Highlights

EU funding ban on high-risk inverters, including Chinese suppliers, extends to BESS

The new policy has already applied, and impacts billions in funding from the European Investment Bank on renewable projects including standalone and co-located storage.

Markets & Policy

Featured

India, EU launch €15.2 million programme for advanced EV battery recycling

India and the European Union (EU) have launched a €15.2 million (INR 169 crore) joint funding programme to advance recycling technologies for electric vehicle (EV) batteries, under the India–EU Trade and Technology Council (TTC) Working Group 2 on Green and Clean Energy Technologies.

Europe’s solar and storage development: Selectivity amid rising global supply and returning energy shocks

Escalating Middle East tensions and global energy supply risks are accelerating Europe’s shift toward solar and storage, particularly in commercial, industrial, and utility-scale segments where energy security, resilience, and price stability are becoming central investment drivers. At the same time, expanding manufacturing capacity in China and India is redirecting surplus solar and storage supply toward Europe, creating a highly competitive and increasingly selective market where long-term success depends on quality, reliability, ESG alignment, and strategic market positioning.

India’s top state-run energy firms invest INR 2.33 trillion in fossil fuels vs INR 0.30 trillion in clean energy in FY 2025

While a significant share of state-run energy firms’ current fossil fuel capital expenditure is tied to ongoing projects, new and incremental investments can be progressively rebalanced toward clean energy, says Deepak Sharma, a consultant at the International Institute for Sustainable Development.

Intermittent renewables and rising demand: Why grid resilience is now critical

Renewable energy is abundant but intermittent. Demand is growing but uneven. Infrastructure exists but is often misaligned with where and when power is needed. In this environment, the grid has become more than a passive network; it is an active balancing system. Its resilience will determine whether the energy transition delivers stability or introduces volatility.

The battery cost disconnect

For years, the battery energy storage (BESS) story has followed a familiar script: costs fall, deployment accelerates, economics improve. Even when cell costs rose and system prices briefly flattened during the 2021-22 lithium price spike, the narrative largely held. Paola Perez Peña, senior principal analyst at S&P Global Energy, examines why the latest jump in lithium prices has only had limited impacts on overall BESS costs so far.

Critical mineral supply concentration threatens India’s energy transition; diversification key to supply security

A new briefing note by Institute for Energy Economics and Financial Analysis (IEEFA) finds that India’s imports of key energy transition minerals and their compounds are highly concentrated, underscoring significant supply risks and the importance of diversification to enhance supply security.

Installations

Featured

Firm solar and storage costs fall to $54/MWh, says IRENA

A new report by the International Renewable Energy Agency (IRENA) finds that round‑the‑clock solar and wind paired with battery storage deliver power at lower cost than new fossil fuel generation in high‑quality resource regions.

Resisting rust in solar

Over a 30-year asset life, corrosion can evolve into a structural, electrical, and fire safety issue. Corrosion drives up operations and maintenance (O&M) costs, reduces resilience to extreme events, and in some cases, can force premature decommissioning or complete structural replacement Intertek CEA’s Nicholas Hudson and Ankil Sanghvi advise on best practices.

Oswal Pumps secures INR 162 crore solar pump order from MSEDCL

Oswal Pumps has secured an order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for the supply and installation of 6,869 off-grid solar PV water pumping systems in Maharashtra. The solar pumps will be deployed under Component B of the PM-KUSUM scheme, also known as the Magel Tyala Saur Krishi Pump Yojana.

New technique measures water ingress in PV modules without disconnecting them

A German research team has developed a nondestructive, on-site method to quantify water ingress in photovoltaic modules using near-infrared absorption (NIRA) spectroscopy calibrated with Karl–Fischer titration (KFT). The approach enables precise measurement of absolute moisture content in sealed modules without disassembly, improving inspection, failure analysis, and lifetime prediction.

Indonesia tenders 1.2 GW of solar

Indonesia’s PLN has launched a tender for a 1,225 MW solar project that will be spread across several regions of the country. The state-owned utility has not publicly announced a closing date.

NTPC switches on 100 MW at Ramagundam solar project; ACME commissions BESS capacity in Rajasthan

NTPC Ltd has declared the commercial operation of 100 MW out of the total 176 MW solar PV project in Ramagundam, Telangana. In a separate development, ACME Solar has commissioned a 33.333 MW/160.480 MWh battery energy storage system (BESS) project at Badi Sid village in Rajasthan.

Technology

Featured

Solar on canals reduces water evaporation by 70% and algae growth by 85%

The 1.6 MW Nexus pilot project in California has demonstrated that solar panels installed over irrigation canals can significantly reduce water evaporation and algae growth by 85%, while also showing operational efficiency.

Why solar + storage needs intelligence before scale

The intelligent integration of solar and storage is no longer optional. Data-driven approaches are essential to ensure compliance, efficiency, and long-term reliability. Building systems with insight not only prevents costly mistakes but also creates an energy ecosystem that is not just larger, but smarter, more resilient, and adaptable to future demands.

Solar inverters can detect cyberattacks but no one sees the signal

A King Abdullah University of Science and Technology (KAUST) researcher whose lab has demonstrated up to 100% accuracy using a single hardware counter tells pv magazine that firmware-level detection of inverter attacks is technically viable – but today’s communication standards do not transmit the firmware‑integrity signal to operators.

Transmission is the backbone of India’s Electrification 2.0

India’s renewable energy push is inherently decentralized. Solar parks in Rajasthan, wind farms in Gujarat and Tamil Nadu, and hybrid projects across states are often located far from consumption centers. Bridging these geographical gaps requires robust, resilient, and future ready transmission network. Without it, even the most ambitious generation targets risk underutilization.

Longi announces world record efficiency of 28.13% for silicon solar cell

Longi claims to have achieved the world’s highest efficiency for a silicon solar cell. The result was confirmed by Germany’s Institute for Solar Energy Research Hamelin (ISFH).

Japanese scientists build all-perovskite tandem solar cell with 30.2% efficiency

The four-terminal tandem device relies on FAPbI₃ nanoparticles and a spectral splitting design, combining a 24.4% wide-bandgap top cell and a 21.5% narrow-bandgap bottom cell to reach 30.2% efficiency. The system improves light utilization by directing different wavelengths to optimized subcells.

Manufacturing

PIXON TOPCon solar module capacity added to ALMM list

Gujarat-based PIXON today announced the inclusion of over 1.64 GW of its n-type TOPCon solar module capacity, covering M10R and G12R formats, in the Approved List of Models and Manufacturers (ALMM) published by the Ministry of New and Renewable Energy (MNRE).

RenewSys TOPCon solar cells added to ALMM List II

RenewSys’s bifacial n-type TOPCon solar cells, with peak output ranging from 8.03 W to 8.54 W and efficiencies between 24% and 25.60%, have been included in the list.

Solex Energy commits INR 4,000 crore to 5 GW solar cell facility, 10 GW BESS factory in Gujarat

Solex Energy has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up a 5 GW solar cell manufacturing facility and a 10 GW battery energy storage system (BESS) factory in the state, with a total planned investment of INR 4,000 crore.

Anker Solix launches 7 kWh modular battery with 5 kW bidirectional inverter

The system features AI-driven energy management, 10,000-cycle battery life, and scalable expansion up to 126 kWh.

Solar Manufacturing USA 2026 – production and technology at the heart of US solar

The upcoming Solar Manufacturing USA 2026 conference in Austin will focus on real U.S. solar manufacturing progress, shifting attention from capacity announcements to actual production, costs, yields, and technology choices across the full value chain. It will also examine how policy changes and tariffs are driving domestic expansion in ingots, wafers, cells, and modules, while highlighting competing technologies like back contact, heterojunction and TOPCon.

Advait Energy sets up battery storage, carbon advisory, and IPP subsidiaries

Advait Energy Transitions has incorporated three wholly owned subsidiaries focused on battery storage, carbon advisory, and power generation. The newly formed entities—Advait Battery Ecosystems, Advait Carbon Advisory & Renewables Assets, and Advait Unified Renewable Assets—expand the company’s presence across the clean energy value chain, from BESS manufacturing to carbon advisory and asset ownership.

Energy Storage

Featured

SPML Infra secures 1 GWh battery energy storage project from NTPC

SPML Infra has secured an INR 1,128 crore ($120 million) contract to develop a 1 GWh battery energy storage system (BESS) at NTPC Ltd’s Barauni Thermal Power Station in Bihar, marking its first large-scale BESS project.

Pratap Technocrats to deploy 570 MWh BESS at NTPC thermal power plants in Madhya Pradesh

Pratap Technocrats has secured a contract from NTPC to deploy 570 MWh of battery energy storage systems (BESS) at its super thermal power plants in Madhya Pradesh.

Rooftop solar surges to new high in Australia on back of battery boom

Australia’s rooftop solar market climbed by 31% in the past month with the latest data revealing that a record 442 MW of small-scale PV capacity was installed across the country in April 2026.

Batteries: The game has changed – and it’s not what you think

A single benchmark no longer exists. In some cases, charging speed is what matters; in others, it is energy density, and in still others, cost and scalability. In other words, the battery is ceasing to be a simple component. It is becoming the transversal energy infrastructure of the next industrial cycle. And those who can control not only the technology but also production, integration, and the grid will have an advantage that will be difficult to recover.

GE Vernova to deliver pumped-storage technology for 1.35 GW hydropower plant in India

GE Vernova has secured an order from Megha Engineering & Infrastructures Ltd to deliver nine 150 MW pumped-storage units for the 1.35 GW Upper Sileru hydropower plant in India. This marks the company’s second pumped-storage project with MEIL in India.

Uttar Pradesh concludes 375 MW/1,500 MWh BESS tender at INR 6.45/kWh

Uttar Pradesh Power Corp. Ltd (UPPCL) has allocated 1,500 MWh (375 MW × 4 hours) of standalone battery energy storage system (BESS) capacity at a tariff of INR 6.45-6.46/kWh.

Opinion & Analysis

Featured

Maximising plant profitability: Why solar panel cleaning is critical for stronger ROI

The long-term value of a solar power plant depends on its ability to consistently deliver expected energy output. Soiling is a predictable and manageable factor that directly affects both performance and revenue. Addressing it through regular and structured cleaning practices is essential for maintaining efficiency and protecting returns.

India’s solar generation rose 24% YoY in Q4 FY 2025–26 as energy demand hit new peaks

India’s rising power demand is increasingly being met by renewables, particularly during daytime peak hours. However, rising renewable curtailment shows that grid infrastructure and flexibility are not keeping pace with clean energy growth. With stronger transmission networks, more flexible grid operations, and faster battery deployment, a larger share of evening and night-time demand can also be met through non-fossil sources.

China wafer declines narrow as demand-side regulation lifts market sentiment

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Doing more with less: The new imperative for clean energy

The clean energy transition carries a real risk of replicating the extractive habits of the fossil fuel era, just with different inputs. Land grabs for solar. Rare earth mining for batteries. Water consumption for green hydrogen. None of these are arguments against the transition. They are arguments for doing it intelligently. Floating solar is one example of that intelligence made practical.

Why semiconductors in the solar sector require mainstream attention

As the energy-generating capacity scales up, it becomes critical to integrate intelligent embedded control and connectivity solutions. With a concerted effort to utilize the advances in power electronics and connectivity solutions, it is possible to achieve self-reliant, environmentally friendly, and efficient energy systems that can power a nation.

From awareness to action: How communities are driving and benefiting from clean energy jobs

The communities that engage earliest with the clean energy transition benefit most deeply from it. But community engagement does not happen automatically. It requires deliberate investment in workforce development, accessible training, and policies that channel economic benefit back to the localities where energy is generated.

Press Releases

Aerem Introduces New Visual Identity, Reinforcing Full-Lifecycle Solar Leadership

Aerem, a pioneer in finance-enabled distributed solar solutions, today unveiled its refreshed brand identity featuring a dynamic new logo. This rebranding symbolizes the company's evolution from behind-the-scenes operator to the most reliable partner in distributed solar by 2030, emphasizing predictable outcomes, long-term dependability, accountability with skin in the game, and full asset lifecycle management over transactional speed or scale.

Global Energy Alliance Appoints Renewable Energy Entrepreneur Tanya Singhal to Lead India Operations

SolarArise founder to lead next phase of grid modernization, battery storage, and clean energy scale-up in India

Mascot Dynamics and Amrut Energy Announce Strategic Merger

The merger will create a well diversified engineering and manufacturing company. It would establish four business divisions: industrial pumps and valves, solar water pumps, gas compressors and process skids, and cleantech wastewater treatment aligned to India’s energy & infrastructure growth.

Ecofy Secures USD 15 Million from Mirova to Scale Rooftop Solar and E-Mobility Financing

Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces a USD 15 million investment in Eversource-backed Ecofy, a Reserve Bank of India (RBI)-registered NBFC specializing in financing green products.

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