Highlights

Japan Credit Rating Agency (JCR), Japan’s leading rating agency, has assigned Adani Green Energy Ltd (AGEL) a long-term foreign currency credit rating of BBB+ with a Stable outlook, at par with India’s sovereign credit rating of BBB+.

Crisil Ratings has assigned higher ratings to five special purpose vehicles (SPVs) of SAEL Industries Ltd, citing revenue stability, adequate debt coverage metrics, and execution capabilities across SAEL’s solar power generation and PV module manufacturing operations.

Shenzhen-based SolaEon has reported a 27.87% efficiency for a single-junction perovskite solar cell on a 0.076 cm² lab device, certified by China’s National Photovoltaic Industry Metrology and Testing Center.

Deployment hits ten year high in the United Kingdom with connection of largest plant to date and a ramping up of small-scale installations. Government targets accelerated deployment with new support for rooftop installations and ongoing CfD auction.

Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh. This new line is designed to produce standalone lithium-ion battery packs, stationary battery energy storage systems (BESS), and automotive battery packs for e-rickshaw applications.

Sunsure Energy has started supplying solar power to Max Healthcare Institute’s Super Speciality Hospital in Noida under a long-term power purchase agreement (PPA).

China installed a record 315 GW of new solar capacity in 2025, lifting cumulative installed PV capacity to 1.2 TW and pushing non-fossil power sources past thermal generation for the first time.

KPI Green Energy Ltd has commenced power generation and supply from its 200 MW AC (240 MW DC) grid-connected solar project awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL). It had secured this IPP project through a competitive bidding process.

As the country accelerates towards a greener future, the focus is rapidly shifting to financing the entire electric vehicle (EV) ecosystem, spanning charging infrastructure, batteries, fleet operations, and clean energy integration. This transition marks the emergence of EV Financing 2.0: a more holistic approach that goes beyond point-of-sale lending to enable sustainable, scalable, and economically viable green mobility.

Swiss electrical connector manufacturer Stäubli has invested $10 million to expand its manufacturing facility in Bangalore, strengthening its presence in India’s fast-growing solar PV market. The expanded site will produce MC4-Evo1 and MC4-Evo2 connectors using fully automated assembly lines to support domestic and global demand.