Commercial & Industrial PV

Waaree Renewable Technologies Ltd (WRTL), the EPC arm of the Waaree Group, reported its highest-ever third-quarter revenue of INR 851.06 crore for Q3 FY2026, marking a 136.18% year-on-year (YoY) increase from INR 360.35 crore in Q3 FY2025.

CEAT, a leading Indian tyre manufacturer, has partnered with CleanMax Enviro Energy Solutions Ltd (CleanMax) to develop 59 MW of hybrid wind–solar projects for captive consumption. The projects will supply renewable power to its Halol facility in Gujarat and Kanchipuram facility in Tamil Nadu.

High solar irradiation, expanding wind corridors, improving transmission infrastructure, and declining storage costs position India to be one of the largest contributors to incremental global renewable capacity additions by 2030. This also strengthens India’s role as a long-term hub for renewable project execution talent.

Solar additions in CY2025 comprised 28.6 GW of new utility-scale solar capacity (up about 54.6% year-on-year), 7.9 GW of rooftop solar capacity (a 72% YoY increase), and 1.35 GW of off-grid/distributed solar capacity (8.8% lower than installations in CY2024).

Meghmani Organics Ltd has signed an agreement with Pro-Zeal Green Power Fifteen Private Ltd to procure a contracted capacity of 3.30 MW from a wind–solar hybrid (WSH) power project located in the state of Gujarat.

KP Group has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat for the development of 855 MW of renewable energy projects with an investment of around INR 4,000 crore in the state.

Global solar growth is flattening in major markets as oversupply from China and India drives prices down and shifts competition from sheer volume to execution, policy alignment, and system integration. Across the U.S., Europe, and China, energy storage is becoming essential for project viability, making PV-plus-storage and strong EPC partnerships the new basis for winning projects in 2026 and beyond.

Ola Electric has rolled out Ola Shakti, a residential battery energy storage system (BESS), from its gigafactory in the Krishnagiri district of Tamil Nadu. Powered by Ola Electric’s indigenous 4680 Bharat Cells, Ola Shakti is India’s first residential BESS to be fully designed, engineered, and manufactured domestically.

India is estimated to have added a record 40 GW of solar capacity in CY 2025, supported by strong utility-scale execution and a surge in rooftop installations. Energy storage tendering also picked up pace.

Startups are rewriting the narrative of India’s environmental challenge by building a bridge between air quality restoration and renewable energy expansion—a synergy that promises to fundamentally reshape how India confronts both crises simultaneously.