Highlights

Waaree Solar Americas Inc. has entered into a share subscription agreement with United Solar Holdings Inc., a Cayman Islands-based polysilicon producer, to subscribe to around 5.37 million Series B preferred shares for about $30 million.

NavPrakriti, a Kolkata-headquartered lithium-ion battery recycler, has entered into a strategic partnership with NASH Energy, a NASH Group company focused on advanced battery manufacturing and energy storage solutions, to ensure responsible end-of-life management of all batteries produced by NASH Energy, including production scrap.

South Carolina regulators and the US Environmental Protection Agency (EPA) are investigating Silfab Solar’s Fort Mill manufacturing plant after releases of potassium hydroxide and hydrofluoric acid within the same week.

V-Guard Industries has approved an additional investment of INR 25 crore in Gegadyne Energy Labs, its associate company focused on alternative battery technologies. Post acquisition, V-Guard’s shareholding in Gegadyne Energy Labs increases to 30.35% (on fully diluted basis) from the current 24.32%.

The “Battery Atlas 2026” report shows consolidation in Europe’s battery market. More than 2,000 GWh of cell production capacity was announced in 2023, but the realistic forecast for early 2026 is around 1,190 GWh, including approximately 673 GWh led by Asian companies.

Noida-based Involtics has launched the GTSI series of single-phase hybrid inverters (3 kW/3.6 kW/5 kW/6 kW) for residential solar applications. The inverters work seamlessly with solar panels, batteries (lead-acid and lithium-ion), and the grid to deliver continuous power for household loads.

Japan has allocated 79 MW of PV capacity in its latest procurement exercise. The lowest price in the auction was JPY 0/kWh.

The 250 MW solar project in Kadapa district of Andhra Pradesh is now fully operational following the commercial operation of the remaining 91.6 MW capacity.

Qcells says it has resumed solar panel production at its Georgia manufacturing facilities after US Customs and Border Protection released seven solar cell shipments from South Korea that had been held under the Uyghur Forced Labor Prevention Act (UFLPA), forcing a furlough of 1,000 workers and temporarily halting output at the second-largest module factory in the United States.

India’s renewable energy expansion will extend beyond utility-scale projects to distributed renewable energy, green open access and emerging prosumer models enabled by digital platforms and the India Energy Stack as the nation advances toward its vision of becoming a developed nation by 2047.