Tariff reductions under the new U.S.-India trade agreement lower import costs for solar modules and energy storage components. Reciprocal tariffs were effectively reduced from 50% to 18%.

The WTO ruled that U.S. clean energy tax credits under the Inflation Reduction Act violate international trade rules by giving domestic products preferential treatment over Chinese goods. The decision specifically targets the ITC and PTC Domestic Content Bonus Credits.

More than 2.08 million rooftop solar systems have been installed across India under the PM Surya Ghar: Muft Bijli Yojana as of Dec. 2025, according to the Ministry of New and Renewable Energy.

Coal-based thermal power is expected to remain the backbone of electricity generation in FY27, accounting for around 70%, even as renewable energy continues to dominate incremental capacity additions.

India’s Union Budget 2026–27 extends basic customs duty (BCD) exemptions on the import of capital goods used for lithium-ion cell production for battery energy storage systems (BESS), as well as capital goods required for processing critical minerals. It also removes the 7.5% BCD on sodium antimonate used in solar glass manufacturing.

NLC India Ltd has secured a 600 MW solar project coupled with a 300 MW/1,800 MWh energy storage system (ESS) from the Solar Energy Corp. of India (SECI). The company said its wholly owned subsidiary, NLC India Renewables Ltd (NIRL), has received a letter of award for the project.

Brazil curtailed about one-fifth of its solar and wind generation in 2025, wasting an estimated BRL 6.5 billion ($1.23 billion), as grid constraints and demand mismatches pushed the power system close to operational safety limits on 16 days, according to a report from Volt Robotics.

South Korea’s GS Engineering & Construction (GS E&C) has officially entered India’s renewable energy market with the completion of the 12.75 MWp Patur Solar Park in Maharashtra, marking the start of its commercial operations.

Bhutan’s Druk Green Power Corporation and India’s Carbon Resources Private Limited have agreed to collaborate on new solar and hydropower projects in Bhutan with capacities between 100 MW and 250 MW.

We are preparing for a future where transformers are dynamic energy hubs, stabilizing a grid that is constantly fluctuating between charging EVs and absorbing solar export.

The role of carbon steel pipes in India’s energy and infrastructure grid will continue to evolve alongside the country’s development priorities. As networks expand and operating conditions become more demanding, value will be defined not by capacity alone, but by lifecycle performance, reliability, and sustainability.

The system operator regularly had to curtail solar generation as an emergency measure to maintain grid security, as other resources were already flexing to their maximum capabilities. Lost solar generation highlights the need for flexibility to grow at pace with solar capacity.

Ahead of the presentation of the Union Budget 2026–27, stakeholders across India’s solar and energy storage ecosystem have urged the government to focus on tax reforms, expansion of production-linked incentive (PLI) schemes with targeted allocations, faster viability gap funding (VGF) disbursements, additional funding for residential rooftop solar, improved access to long-term and affordable green finance, and a stronger push for circular economy initiatives and grid modernisation.

India’s steel sector stands at a decisive moment. As the country pursues industrial growth, it must also demonstrate that development and decarbonisation can move together. The carbon budget framework offers not a constraint, but a compass, guiding industry toward innovation, resilience and global competitiveness.

ICRA expects the Indian steel industry’s decarbonization to be gradual, with near-term emission reductions driven mainly by higher adoption of renewable energy and improvements in operational efficiency, as high costs and technology constraints limit faster decarbonization.

Sodium‑ion batteries are emerging as a safer, lower-cost alternative to lithium‑ion, with a recent international study highlighting their competitiveness in stationary energy storage. The research shows that ongoing investment and supply-chain development could enable broader adoption within the next decade.

Researchers at SUPSI found that six Swiss PV systems installed in the late 1980s and early 1990s show exceptionally low degradation rates of just 0.16% to 0.24% per year after more than 30 years of operation. The study shows that thermal stress, ventilation, and material design play a greater role in long-term module reliability than altitude or irradiance alone.

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.

Crisil Ratings has assigned higher ratings to five special purpose vehicles (SPVs) of SAEL Industries Ltd, citing revenue stability, adequate debt coverage metrics, and execution capabilities across SAEL’s solar power generation and PV module manufacturing operations.

Shenzhen-based SolaEon has reported a 27.87% efficiency for a single-junction perovskite solar cell on a 0.076 cm² lab device, certified by China’s National Photovoltaic Industry Metrology and Testing Center.

Japan Credit Rating Agency (JCR), Japan’s leading rating agency, has assigned Adani Green Energy Ltd (AGEL) a long-term foreign currency credit rating of BBB+ with a Stable outlook, at par with India’s sovereign credit rating of BBB+.

Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh. This new line is designed to produce standalone lithium-ion battery packs, stationary battery energy storage systems (BESS), and automotive battery packs for e-rickshaw applications.

Oswal Greenzo Energies, a joint venture between Oswal Energies Ltd and Greenzo Energy India Ltd, has been awarded a contract for the design, supply, installation, testing, and commissioning of a 5 MW green hydrogen plant at Deendayal Port, Kandla. The facility will be India’s first green hydrogen plant located at a major port, positioning Deendayal Port as an early mover in maritime decarbonisation.

The European Union added 27.1 GWh of battery energy storage capacity in 2025, with utility-scale systems accounting for the majority of new installations as residential storage declined amid lower electricity prices and reduced support schemes, according to a new report from SolarPower Europe.

Green hydrogen will scale not through isolated technology breakthroughs, but through disciplined engineering execution. Projects that embed electrolysers within robust, flexible, and future-ready Balance-of-Plant architectures will define the next phase of industrial decarbonisation and renewable energy integration worldwide.

The upcoming budget must prioritize in-house technology and equipment development, provide clarity on delayed power purchase agreements (PPAs) and power sale agreements (PSAs), increase budgetary allocation and policy support for Green Energy Corridors, introduce production-linked incentives for battery energy storage system (BESS) manufacturing, establish an Approved List of BESS Integrators (ALBI), lower the cost of capital through priority sector lending, extend ALMM for solar cells, and continue the ISTS waiver, among other measures.

The India–EU free trade agreement is emerging as a platform for climate-trade convergence. The climate dimension is not incidental—it’s already embedded in ongoing India–EU frameworks.

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.

End-to-end solar manufacturing is the bridge that will reduce import reliance, stabilize costs, strengthen supply chains, support exports, and help India move confidently toward its 500 GW renewable energy goal. With the right investments and a continued focus on innovation, India is positioned not just to participate in the solar revolution, but to help shape it.

China’s PV manufacturing sector is operating at full capacity ahead of an April 1 export tax change, contributing to module price increases of 20% to 30% in parts of the supply chain and raising risks for price-sensitive European commercial and utility-scale projects in early 2026.