Residential PV

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.

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.

Cash grants and state-backed loans to support solar and battery storage installations in millions of UK homes as part of government Warm Homes Plan. UK government says investment has the potential to triple the number of homes with rooftop solar by 2030.

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.

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).

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.

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.

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).

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.