Highlights

The 100 MW AC (120 MW DC) solar power project in Maharashtra marks a key milestone in Vikran Engineering’s diversification strategy.

OMC Power, a distributed renewable energy (DRE) company targeting 1 GWp clean energy portfolio in India, and Honda Motor have partnered on innovative business models in energy storage and battery repurposing from the electric mobility ecosystem.

Premier Energies Ltd will acquire a 51% stake in solar inverter manufacturing company KSolare Energy for around INR 86.7 crore. Syrma SGS Technologies will co-acquire the remaining 49% stake for INR 83.3 crore.

Shree Cement Ltd has commissioned a 20 MWp solar power plant in the Chitrakoot district of Uttar Pradesh for self-consumption. The project will supply power to its Etah grinding unit using the Wheeling and Banking route.

At the Modules and Material Worksop in Konstanz, organized by solar manufacturing engineering company RCT Solutions and ICS Konstanz, experts from the European PV equipment production industry gathered to discuss the current and future trajectory of manufacturing costs, technology advancements and equipment and raw material capabilities. RCT Solutions CEO, Peter Fath, told pv magazine that a European 1 GW module assembly facility using the same supply chain as Chinese Tier 1 counterparts could reach module manufacturing costs of €0.11-0.12/W.

Waaree Energies Ltd has secured orders totaling 692 MW for the supply of solar modules for projects in India and the United States.

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.

As India races toward its goal of 500 GW non-fossil fuel capacity by 2030, having already reached 217.62 GW as of January 2025, integrating variable renewable energy sources requires flexible storage solutions that can bridge generation-demand gaps while maintaining grid reliability. The dramatic cost declines, technological innovations, and supportive policy frameworks have created a perfect storm for Battery Energy Storage Systems (BESS) adoption, transforming what was once a nascent technology into a commercially viable solution driving India’s clean energy future and enabling a more flexible, resilient, and decentralized power system.

Desco Infratech Ltd has signed a Memorandum of Understanding (MoU) with KPI Green Hydrogen and Ammonia and Naveriya Gas for hydrogen-natural gas blending projects in the City Gas Distribution (CGD) sector.

Crompton Greaves Consumer Electricals has secured an order to install a cumulative 77 MW of rooftop solar capacity across more than 40,000 homes in Andhra Pradesh.