Saatvik Green Energy’s arm Saatvik Solar Industries has received and accepted solar PV module supply orders worth INR 10.15 crore. The orders are scheduled for execution by February 2026.

The solar plant, spanning 3,600 acres at Khavda Renewable Energy Park, Gujarat, is backed by 25-year power purchase agreements with Gujarat Urja Vikas Nigam Ltd.

Indian energy storage startup Meine Electric has raised $750,000 (INR 6.7 crore) in a pre-seed funding round to support its transition from laboratory-scale prototypes to pilot-ready iron–air battery systems.

Despite strong industry interest, India’s Advanced Chemistry Cell Production Linked Incentive (ACC PLI) scheme, launched in October 2021, is yet to translate policy ambition into realised capacity. As of October 2025, only 2.8% (1.4 GWh) of the targeted 50 GWh capacity has been commissioned within the stipulated timeline, entirely by Ola Electric—according to a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA).

Fujiyama Power Systems Ltd has commenced production at its 1 GW solar cell manufacturing plant in Dadri, Uttar Pradesh. The newly commissioned facility will cater entirely to captive consumption, strengthening the company’s backward integration and supply-chain security.

Waaree Energies Ltd reported revenue from operations of INR 7,565.05 crore in the third quarter of fiscal year 2026, marking a year-on-year increase of 118.81%. Profit after tax (PAT), after accounting for exceptional items, surged 118.35% YoY to INR 1,106.79 crore.

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.

Aerem Solutions, an end-to-end platform for distributed solar, has raised $15 million in a Pre-Series B funding round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corp. (SMBC).

NTPC has invited Expressions of Interest (EOI) for the development of utility-scale projects for compressed air energy storage, including liquid air energy storage and other advanced compressed air-based long-duration energy storage systems.

AM Group has signed a memorandum of understanding (MoU) with Invest UP, the Government of Uttar Pradesh, to develop a 1 GW high-performance computing (HPC) hub, backed by renewable energy, to serve global AI workloads. The project will entail an investment of around $25 billion.