Installations

Solfin Sustainable Finance, a solar-focused non-banking finance company (NBFC) backed by Waaree, and Japanese Financial Institution, have entered co-lending partnership to provide working capital finance to solar panel dealers and rooftop solar finance to end consumers.

The solar plant, completed in a record time of nine months, is supplying clean energy to Texmaco Rail & Engineering Ltd.

India added 2.8 GW of rooftop solar capacity in the first half (January–June) of calendar year 2025, marking a 155% year-over-year increase compared to the 1.1 GW installed during the same period in 2024, according to Mercom India’s newly released Q2 2025 India Rooftop Solar Market Report.

SolarSquare has installed more than 250 MW of rooftop solar capacity, including about 100 MW in the residential sector and 150 MW commercial and industrial.

A study conducted by the German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with India-based think tank the Center for Study of Science, Technology and Policy (CSTEP), found that India has the potential for more than 300 GW of building-integrated photovoltaic (BIPV) systems on its existing buildings alone. Moreover, according to a World Bank report, 70% of the buildings India will need to become a developed nation by 2047 are yet to be constructed, underscoring the vast future potential for BIPV systems in the country.

Saatvik Green Energy Ltd has received Letter of Award (LoA) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for installation of 1,500 solar water pumping systems under the Magel Tyala Saur Krishi Pump Yojana (component B of PM Kusum Scheme).

Scientists in India have designed a system that uses PV panels, a proton-exchange membrane fuel cell, battery storage, and a supercapacitor. It also relies on an adaptive neuro-fuzzy inference system-based MPPT that reportedly achieves an efficiency of 98.7%.

Reliance Industries Limited (RIL) is set to begin production at its upcoming battery gigafactory in 2026, with an initial annual capacity of 40 GWh. The facility will later be modularly scaled up to 100 GWh per annum, announced Anant Ambani, executive director of RIL, during the company’s annual general meeting recently.

Everest Industries, a building solutions company in India, has invested INR 1.76 crore in Amplus Ampere (Amplus), a special-purpose vehicle (SPV) created by Amplus Energy Solutions to set up a solar power plant for group captive consumption.

The Electricity Generating Authority of Thailand (EGAT) has kicked off a tender for a floating solar project at the Srinagarind Dam, already home to one of its power stations. Interested bidders can purchase tender documents until Sept. 26.