ACME Solar Holdings has secured battery energy storage purchase agreements (BESPA) with NHPC for a total contracted capacity of 275 MW/550 MWh across two standalone battery energy storage system (BESS) projects in Andhra Pradesh.
The European Patent Office says China has overtaken other countries in photovoltaic patent filings over the past 15 years, while European startups and universities retain a lead in agrivoltaics and niche solar applications.
Sterling and Wilson Renewable Energy has reported a revenue of INR 1,762 crore for the first quarter of FY 2026, marking a robust 93% year-on-year growth from INR 915 crore in Q1 FY 2025. Net profit increased to INR 39 crore compared to Q1 FY 2025 PAT of INR 5 crore.
Waaree Renewable Technologies Ltd (WRTL), the solar EPC arm of Waaree Group, has reported a net profit of INR 86.39 crore for Q1 FY26, a 206.77% year-on-year (YoY) increase from the same quarter last year. The company’s revenue from operations stood at INR 603.19 crore, up 155.2% YoY from INR 236.35 crore in Q1 FY25.
RenewSys will add eight new encapsulant manufacturing lines at its recently commissioned facility in Khopoli, Maharashtra, increasing its total encapsulant production capacity to 30 GW across 19 lines.
Zelestra India’s commercial & industrial (C&I) portfolio has reached 122.4 MWp through wind-solar-battery energy storage system (BESS) hybrid projects in Tamil Nadu.
Hygenco Green Energies has commissioned Maharashtra’s first green hydrogen and green oxygen production facility in Chhatrapati Sambhaji Nagar. This project will supply green hydrogen and oxygen to optic fibre manufacturer Sterlite Technologies Ltd.’s glass preform facility, supporting its goal to achieve Net Zero by 2030.
Enlight Metals plans to aggregate and supply solar mounting structures sourced from multiple manufacturers across Maharashtra, with an initial focus on the Pune market.
The latest Sinovoltaics solar supply chain report about PV manufacturing in India indicates module capacity of 68.4 GW, cell capacity at 24.5 GW, and ingots at 14 GW, with continued growth planned to 2030.
India has set an ambitious target of 280 GW of solar capacity by 2030, and of this, at least 40-45 GW is expected to come from distributed solar — a conservative estimate, considering the pace at which the ecosystem is maturing.
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