Solex Energy has reported a revenue of INR 4,157 million in the first half of FY26, 51.6% up year-on-year. Profit after tax (PAT) surged 133.2% YoY to INR 305 million.

ReNew Energy Global Plc has secured $331 million from the Asian Development Bank (ADB) to support the development of a 837 MWp wind-solar capacity backed with a 415 MWh battery energy storage system in Andhra Pradesh. This is part of ADB’s $477 million financial package for the project. The balance $146 million will be arranged by ADB through other lenders.

The IPO comprises a fresh issue of shares worth INR 2,143.86 crore and an offer for sale (OFS) of shares valued INR 756.14 crore by promoters. The price band is set between INR 206 and INR 217 per share.

JSW Energy Ltd has commissioned 85 MW of renewable energy capacity, including solar capacity of 74 MW (Including part of NHPC’s hybrid project) and wind capacity of 11 MW.

The Maharashtra government has signed a memorandum of understanding (MoU) with Singapore’s GSC Group for the 1.5 GW Panchmauli-Devalipada pumped storage hydroelectric project in Dhule and Nandurbar districts. 

Kosol Energie unveiled its high-efficiency 730 Wp G12 TOPCon solar panel for commercial and utility-scale projects at REI 2025. The company also announced plans to expand its module manufacturing capacity by an additional 6 GW, bringing the total to 9 GW by late 2026. In addition, Kosol Energie is venturing into large-scale battery energy storage systems (BESS), with an initial planned annual production capacity of 3–3.5 GWh.

Chhattisgarh’s energy sector received over INR 16,672 crore in government support in fiscal year 2024, with fossil fuel subsidies outweighing clean energy support four times. Clear net-zero targets can help government revenues shift from fossil to clean energy, says an analysis by the International Institute for Sustainable Development and Swaniti Initiative.

ICRA says that India’s solar manufacturing segment is likely to face an overcapacity scenario, with annual solar capacity additions expected at 45–50 GW (DC) against an annual solar module production capacity of 60–65 GW — leading to consolidation among smaller or pure-play module manufacturers.

Saatvik Green Energy’s H1 FY26 revenue from operations more than doubled to INR 16,838 million from INR 7,213 million in H1 FY25. H1 FY26 profit after tax (PAT) surged over 146% YoY to INR 2,021 million compared to INR 823 million in H1 FY25.

Textile manufacturer RSWM has signed an agreement with Adani Energy Solutions Ltd. (AESL) for supply of 60 MW of renewable energy to its manufacturing facilities across Rajasthan. The power will be supplied from a group captive project.