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.
KPI Green Energy commissions first 24.2 MW of 250 MW GUVNL solar project
KPI Green Energy Ltd has announced the commissioning of the first 24.2 MW AC (34.4 MW DC) of its 250 MW AC (350 MW DC) grid-connected solar independent power producer (IPP) project awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL), well ahead of the scheduled timeline.
IndiGrid raises INR 1,500 crore through institutional placement
India’s first and largest publicly listed power sector Infrastructure Investment Trust (InvIT), IndiGrid, has successfully raised INR 1,500 crore through an institutional placement (IP). The placement was oversubscribed by around two times and saw strong participation from both domestic and global institutional investors.
IPO-bound SAEL commissions 1 GWp solar project at Khavda Renewable Energy Park
The solar plant, spanning 3,600 acres at Khavda Renewable Energy Park, Gujarat, is backed by 25-year power purchase agreements with Gujarat Urja Vikas Nigam Ltd.
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.
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.
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.
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.
