Pre-Budget 2026: Solar and storage industry calls for tax reforms, PLI expansion, and circular economy push
Ahead of the presentation of the Union Budget 2026–27, stakeholders across India’s solar and energy storage ecosystem have urged the government to focus on tax reforms, expansion of production-linked incentive (PLI) schemes with targeted allocations, faster viability gap funding (VGF) disbursements, additional funding for residential rooftop solar, improved access to long-term and affordable green finance, and a stronger push for circular economy initiatives and grid modernisation.
Global solar corporate funding reached $22.2 billion in 2025
While global solar corporate funding in 2025 fell to the lowest level recorded since 2020, deal count rose to its highest level since 2017. Mercom Capital Group says investors favored smaller, lower-risk, execution-ready projects last year amid policy uncertainty, trade pressures and higher financing costs.
Waaree Energies posts record quarterly results
Waaree Energies Ltd reported revenue from operations of INR 7,565.05 crore in the third quarter of fiscal year 2026, marking a year-on-year increase of 118.81%. Profit after tax (PAT), after accounting for exceptional items, surged 118.35% YoY to INR 1,106.79 crore.
Distributed solar platform Aerem raises $15 million in SMBC-led funding round
Aerem Solutions, an end-to-end platform for distributed solar, has raised $15 million in a Pre-Series B funding round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corp. (SMBC).
Why India’s digital future will be built at the edge
The centralized cloud model is now under strain. India alone is estimated to have reached roughly 2,070 MW of data center capacity by the end of 2025, up from about 1,255 MW in 2024, driven by AI adoption, 5G rollout, and video led consumption, even as power, land, and network constraints become more visible. At the same time, global data center markets are grappling with power constraints, rising energy costs, and land limitations, making the continued expansion of a few large hubs increasingly inefficient.
AM Group to set up 1 GW AI compute facility backed by round-the-clock renewable power supply in Uttar Pradesh
AM Group has signed a memorandum of understanding (MoU) with Invest UP, the Government of Uttar Pradesh, to develop a 1 GW high-performance computing (HPC) hub, backed by renewable energy, to serve global AI workloads. The project will entail an investment of around $25 billion.
India’s transition to green steel is expected to be gradual, driven by renewables in the near term: ICRA
ICRA expects the Indian steel industry’s decarbonization to be gradual, with near-term emission reductions driven mainly by higher adoption of renewable energy and improvements in operational efficiency, as high costs and technology constraints limit faster decarbonization.
New Delhi to host Bharat Electricity Summit 2026 from 19–22 March
The four-day Summit will focus on the entire power value chain, including power generation (with emphasis on clean energy systems such as solar, wind, hydro, green hydrogen, etc.), transmission and distribution, energy storage, and energy efficiency solutions.
Waaree Renewable Technologies records Q3 revenue of INR 851.06 crore
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 partners with CleanMax for 59 MW hybrid wind–solar projects for captive use
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.
