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.
Rays Power Infra secures INR 1,912 crore renewable energy project
Rays Power Infra Ltd has secured a 300 MW renewable energy project worth INR 1,912 crore from a state-owned company. Following this award, the company’s total order book stands at over INR 8,000 crore.
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.
Inox Green enters into 625 MWp solar O&M agreement with KEC
Inox Green Energy Services Ltd has secured a Letter of Award (LoA) from KEC International Ltd (KEC) to provide operations and maintenance services for a 625 MWp solar project at Bhadla, Rajasthan.
Energy storage for homes: Why hybrid inverter systems will lead the next phase of solar growth
Energy storage for homes—anchored by hybrid inverter systems—will lead the next phase of solar growth in India. Not as an upgrade, but as a necessity for a nation building toward energy independence by 2047.
Kosol Energie signs MoU for INR 90,000 crore investment in Gujarat
Kosol Energie has signed a memorandum of understanding (MoU) with the Government of Gujarat to invest INR 90,000 crore in the State. The company said the proposed investment will support the development of advanced solar module manufacturing facilities, next-generation R&D centers, large-scale renewable energy parks, and integrated green energy ecosystems.
LNK Energy announces INR 10,000 crore investment across solar manufacturing, green fuels and renewable power generation
The newly launched LNK Energy plans INR 10,000 crore investment to build an integrated clean energy platform spanning solar manufacturing, green fuels and renewable power generation. The company will start with a 6 GW solar cell and module facility with integrated ingot and wafer production in Maharashtra, with plans to expand into related component manufacturing, green hydrogen and renewable power generation.
