PMSGY accelerates residential rooftop solar, yet supply and financing hurdles remain
Despite a nearly fourfold increase in applications between March 2024 and July 2025, only 13.1% of the target of one crore (10 million) residential rooftop solar installations had been achieved, and just 14.1% of the allocated INR 65,700 crore ($7.5 billion) in subsidies released under the PM Surya Ghar: Muft Bijli Yojana as of July 2025. Given this context, achieving the FY2027 target of 30 GW capacity remains a considerable challenge, according to a new report by IEEFA and JMK Research.
India adds ‘record’ 29.5 GW of solar capacity in first nine months of 2025: JMK Research
India added 29.5 GW of solar capacity in the first nine months of 2025, including about 22.5 GW from utility-scale, 5.8 GW rooftop, and 1166 MW offgrid installations.
Waaree Renewable Technologies achieves highest-ever quarterly revenue in Q2 FY26
Waaree Renewable Technologies, the solar EPC arm of the Waaree Group, has reported its highest-ever quarterly revenue of INR 774.78 crore in the quarter ended Sep. 30, 2025 (Q2 FY 2026). Q2 net profit rose 117.40% YoY to INR 116.34 crore.
Solar power during monsoons: Busting the myth
Solar panels typically experience only a 10-20% reduction in output during monsoons, not a complete shutdown. The reason is simple: modern panels efficiently capture diffused light, converting scattered sunlight even on cloudy days.
Saatvik Green launches on-grid inverters for residential and C&I solar projects
Saatvik Green Energy has launched the UDAY Series on-grid solar inverters. The series includes single-phase inverters (1.1 kW–6 kW) for residential and small commercial rooftops and three-phase inverters (6 kW–50 kW) for residential, commercial and industrial applications.
IEA lowers 2025-30 forecast for global solar growth
The International Energy Agency (IEA) cut its 2025–30 renewables forecast by 5%, citing lower solar additions, though PV still represents nearly 80% of 4.6 TW expected growth.
Eighth Assembly of International Solar Alliance scheduled from Oct. 27-30 in New Delhi
The International Solar Alliance (ISA) Assembly will focus on four key areas: catalyzing finance for solar projects, building global capability centres and advancing digitization, enhancing regional and country-level engagement, and developing technology and policy roadmaps.
Eastman launches ‘Solar Access LIB’ inverter with integrated lithium battery
Eastman Auto & Power Ltd has launched Solar Access LIB, an all-in-one, plug-and-play unit that integrates an inverter with a lithium-ion battery to simplify solar adoption for homes and businesses.
Spain’s solar capacity to hit 152.8 GW by 2035, says GlobalData
GlobalData projects Spain’s renewables to reach 218.1 GW by 2035, while solar will drive growth with 152.8 GW of capacity.
Enphase launches AC-coupled battery for residential and small commercial solar
Enphase Energy’s IQ Battery 5P with FlexPhase supports both single-phase and three-phase applications, addressing the needs of India’s growing residential and small commercial solar markets
