OCI Holdings acquires 65% stake in 2.7 GW Vietnamese solar wafer factory
South Korea’s OCI Holdings is entering the solar wafer business with a majority stake in a wafer plant in Vietnam valued at $120 million. The facility will produce solar wafers for the U.S. market.
PMSGY accelerates residential rooftop solar, yet supply and financing hurdles remain
Despite a nearly fourfold increase in applications between March 2024 and July 2025, only 13.1% of the target of one crore (10 million) residential rooftop solar installations had been achieved, and just 14.1% of the allocated INR 65,700 crore ($7.5 billion) in subsidies released under the PM Surya Ghar: Muft Bijli Yojana as of July 2025. Given this context, achieving the FY2027 target of 30 GW capacity remains a considerable challenge, according to a new report by IEEFA and JMK Research.
India adds ‘record’ 29.5 GW of solar capacity in first nine months of 2025: JMK Research
India added 29.5 GW of solar capacity in the first nine months of 2025, including about 22.5 GW from utility-scale, 5.8 GW rooftop, and 1166 MW offgrid installations.
China imposes new export controls on lithium ion battery tech
The Chinese government has introduced new export controls on key dual-use items, citing national security concerns. The move opened a new chapter in the ongoing trade confrontations with the US.
Hinduja Renewables appoints Deepak Thakur as managing director and CEO
Hinduja Renewables Energy Pvt Ltd (HREPL), part of Hinduja Group, has appointed Deepak Thakur as managing director and chief executive officer, effective from October 1, 2025.
Kosol Energie signs INR 52,000 crore MOU for solar manufacturing expansion, R&D and RE parks in Gujarat
Kosol Energie, led by chairman & managing director, Kalpesh Kalathia, has committed an investment of INR 52,000 crore for solar manufacturing expansion and setting up R&D facilities and integrated renewable energy parks in the Indian state of Gujarat.
ENGIE launches startup program for innovation in renewable energy solutions in India
ENGIE has launched a program to collaborate with enterprise-ready startups in addressing operational and technological challenges across India’s renewable energy sector.
The Hydrogen Stream: TKIL Industries brings hydrogen-ready CHP solutions to India in partnership with Germany’s 2G Energy International
TKIL Industries (formerly thyssenkrupp Industries India) has entered into a strategic partnership with German company 2G Energy International to introduce combined heat and power (CHP) plant and gas engine solutions in India.
‘Grid in a box’ combines storage and solar PV modules for a microgrid in a 20 ft. container
Paired Power’s modular microgrid targets is assembly-free remote industrial and agricultural applications and rural electrification for Indigenous communities.
Kerala launches 500 MWh battery storage tender
NTPC Vidyut Vyapar Nigam Ltd (NVVN), appointed as the authorised representative by Kerala State Electricity Board Ltd (KSEBL), has invited bids for the development of 500 MWh (250 MW x 2 hours) of standalone battery energy storage systems (BESS) in Kerala for on-demand usage by KSEBL.
