Waaree Renewable Technologies posts INR 1,597.75 crore revenue for FY 2024-25
Waaree Renewable Technologies has reported a revenue of INR 1,597.75 crore for FY 2024-25, a growth of 82.3% compared to INR 876.50 crore in FY 2023-24.
EcoFlow launches balcony PV system, batteries with AI features
EcoFlow’s new Stream series, its second-gen balcony solar plant, enables battery coordination and plug-and-play solar for distributed batteries, plus third-party microinverter coordination for its new battery.
IEA’s World Energy Outlook systemically underestimates solar PV development
Since 1993, the World Energy Outlook (WEO) of the International Energy Agency (IEA) has been an authoritative report on energy statistics and guiding future energy supply and demand developments. An examination of these reports, however, indicates that even the most progressive of WEO scenarios has vastly underestimated the growth of renewable energy technologies, especially solar PV.
Havells invests INR 600 crore in Goldi Solar
Havells India Ltd has signed binding term sheet to invest INR 600 crore in Surat-based PV module manufacturer Goldi Solar (Goldi). As part of conditions precedent to the transaction, Havells will enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
India’s installed rooftop solar capacity expected to reach 30 GW by FY27
India’s installed rooftop solar capacity will reach 25–30 GW by FY 2027 from 17 GW in FY 2025, according to CareEdge Advisory & Research.
US total solar capacity to reach 182 GW by end of 2026
The US Energy Information Administration (EIA) says cumulative solar installations are expected to double from 91 GW to 182 GW from the end of 2023 to the end of 2026. Meanwhile, battery energy storage capacity is expected to grow 70% in 2025 alone.
Optimizing residential PV-driven heat pumps with lithium-ion batteries reduces LCOE by 7%
Scientists in Spain have simulated the combination of power-to-heat-to-power storage systems with lithium-ion batteries to supply energy needs and heat pump production of an electrified dwelling. PV self-consumption was found to increase by up to 20% and levelized cost of energy decrease by 7%.
India installed 24 GW solar in FY2025, says JMK Research
India installed 23.8 GW of new solar capacity in FY2025, including 16.9 GW from utility-scale, 5,148 MW rooftop and 1,785 MW offgrid installations.
Mauritius hosts SolarX Accelerator Programme in collaboration with International Solar Alliance and Business Mauritius
The two-day SolarX Accelerator Programme in Mauritius brought together 35 startups from across Asia and APAC region to accelerate the development and deployment of innovative solar solutions.
Waaree Renewable Technologies debuts on National Stock Exchange
Waaree Renewable Technologies Ltd, solar EPC arm of Waaree Group, has installed over 1.82 GW of solar projects and is currently managing the execution of an additional 1.7 GW of projects. National Stock Exchange (NSE) debut provides the company with wider stakeholder engagement, and enhanced capital access to drive future expansion.
