Sunsure Energy’s Chitrakoot solar plant to supply power to Max Hospital, Noida
Sunsure Energy has started supplying solar power to Max Healthcare Institute’s Super Speciality Hospital in Noida under a long-term power purchase agreement (PPA).
China adds 315 GW of solar in 2025
China installed a record 315 GW of new solar capacity in 2025, lifting cumulative installed PV capacity to 1.2 TW and pushing non-fossil power sources past thermal generation for the first time.
U.S. authorities find no definitive evidence of hidden devices in Chinese solar inverters
New documents reveal US government found only two cases of communications in Chinese inverters that differed from official documentation. The discrepancies were deemed “non-malicious” and “non-intentional” by investigators.
REIL tenders 17.5 MW rooftop solar across government buildings in India
Rajasthan Electronics & Instruments Limited (REIL) has invited bids for the installation of 17.5 MWp of grid-connected rooftop solar power capacity under RESCO model across government, semi-government, and autonomous body buildings in multiple Indian states and union territories.
India requires $145 billion in annual energy investment to bridge growth and climate targets
India must mobilise around $145 billion in annual energy investment to sustain economic growth while pushing its net-zero ambitions. The bulk of this capital will be directed toward scaling up renewable power generation, grid infrastructure modernization, and energy storage, according to Wood Mackenzie.
Renewable energy industry’s key expectations from Union Budget 2026
The upcoming budget must prioritize in-house technology and equipment development, provide clarity on delayed power purchase agreements (PPAs) and power sale agreements (PSAs), increase budgetary allocation and policy support for Green Energy Corridors, introduce production-linked incentives for battery energy storage system (BESS) manufacturing, establish an Approved List of BESS Integrators (ALBI), lower the cost of capital through priority sector lending, extend ALMM for solar cells, and continue the ISTS waiver, among other measures.
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).
