Climate fintech company Hygge Energy and rooftop solar solutions provider Atria Renewable have signed a memorandum of understanding (MoU) to accelerate rooftop solar adoption and enable peer-to-peer (P2P) solar energy trading in Bengaluru, Karnataka.

GREW Solar has secured a repeat order worth approximately INR 500 crore from a domestic independent power producer (IPP) for the supply of its high-efficiency M10R TOPCon PV modules. The modules will be deployed at the developer’s upcoming utility-scale solar projects across multiple locations in India.

Waaree Renewable Technologies Ltd has secured a contract for the execution of engineering, procurement and construction (EPC) works of a 300 MW AC (420 MWp) ground-mount solar PV plant. The project is scheduled for completion during the financial year 2027-28.

Waaree Solar Americas Inc. has entered into a share subscription agreement with United Solar Holdings Inc., a Cayman Islands-based polysilicon producer, to subscribe to around 5.37 million Series B preferred shares for about $30 million.

NavPrakriti, a Kolkata-headquartered lithium-ion battery recycler, has entered into a strategic partnership with NASH Energy, a NASH Group company focused on advanced battery manufacturing and energy storage solutions, to ensure responsible end-of-life management of all batteries produced by NASH Energy, including production scrap.

V-Guard Industries has approved an additional investment of INR 25 crore in Gegadyne Energy Labs, its associate company focused on alternative battery technologies. Post acquisition, V-Guard’s shareholding in Gegadyne Energy Labs increases to 30.35% (on fully diluted basis) from the current 24.32%.

Noida-based Involtics has launched the GTSI series of single-phase hybrid inverters (3 kW/3.6 kW/5 kW/6 kW) for residential solar applications. The inverters work seamlessly with solar panels, batteries (lead-acid and lithium-ion), and the grid to deliver continuous power for household loads.

The 250 MW solar project in Kadapa district of Andhra Pradesh is now fully operational following the commercial operation of the remaining 91.6 MW capacity.

India’s renewable energy expansion will extend beyond utility-scale projects to distributed renewable energy, green open access and emerging prosumer models enabled by digital platforms and the India Energy Stack as the nation advances toward its vision of becoming a developed nation by 2047.

ABB will invest a further $75 million in India during 2026 to significantly expand its manufacturing and research and development (R&D) capabilities for critical electrification and automation solutions.