Waaree Energies Ltd has reached an order book of 25 GW—comprising 58.7% overseas and 41.3% domestic orders—valued at approximately INR 49,000 crore.
Acme Solar has reported a net profit of INR 131 crore for the first quarter of FY2025-26, a stellar increase of 9,319% YoY.
JSW Energy has also secured a 25-year power purchase agreement with Bangalore Electricity Supply Co. (BESCOM) for a 100 MW grid-connected solar project with a 100 MWh battery energy storage system.
Gujarat Urja Vikas Nigam Ltd (GUVNL) has invited bids to set up 2 GW/4 GWh of standalone battery energy storage systems (BESS) across Gujarat, connected to the intra-state transmission system (In-STS), with a two-cycle daily charge/discharge operation.
With solar plus battery storage systems emerging as the go-to solution for consistent, green, and economically viable power, the energy landscape is being reshaped. From industrial clusters to corporate campuses, the appetite for storage-backed solar installations is growing rapidly.
Vena Energy has signed a load-following 100 MW renewable power purchase agreement (PPA) with the Solar Energy Corp. of India (SECI).
Exide Industries Ltd has invested an additional INR 100 crore in its lithium-ion battery arm, Exide Energy Solutions Ltd (EESL), through equity subscription.
JK Srivastava Hynfra has signed a memorandum of understanding with NREDCAP to develop a green hydrogen and ammonia hub with a capacity to produce up to 1 million tons of green ammonia annually, powered by 3 GW of solar and wind energy. Operations are expected to begin in early 2029.
With a capacity of 2 GWh, the four-hour storage system is described as the largest lithium iron phosphate energy storage project in the country.
Amara Raja Energy & Mobility Ltd said its commercial pilot plant and advanced R&D centre for lithium-ion battery cells are set for commissioning by the end of the current financial year 2025–26.
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