ReNew H1 net profit jumps 84% YoY
ReNew Energy Global Plc has reported a total Income (or total revenue) of $898 million for H1 FY26, a 45.7% increase YoY. Net profit surged 83.3% YoY to $110 million, driven by the company’s expanding operational RE capacity and solar manufacturing capacities.
Bihar Batteries to commercialize sodium-ion batteries in 2026
The company has produced its first sodium-ion battery prototype and, in collaboration with Spanish research institute CIC energiGUNE, developed sodium-ion cell prototypes that have shown “very promising results.”
Solex Energy H1 revenue up 51.6% YoY
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 secures $331 million from ADB for renewables plus storage project in Andhra Pradesh
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.
Why India’s solar surge needs a better construction discipline
With over 50 GW of renewable capacity stranded nationwide as of June 2025, the message is clear: identifying and overcoming the challenges in India’s construction sector is no longer optional but essential to sustain the country’s solar growth.
Emmvee’s INR 2,900-crore IPO to open on Nov. 11
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 commissions 74 MW solar, 11 MW wind power capacity
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.
LG Chem, Sinopec to jointly develop sodium-ion battery materials
With investment in the sodium-ion battery sector rebounding in 2025 after last year’s slowdown, two chemical heavyweights are partnering to develop cathode and anode materials for the emerging technology.
Chinese solar cell prices ease as looming Indian antidumping duties prompt contract renegotiations
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Maharashtra govt, GSC Group sign MoU for 1.5 GW pumped storage project
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.
