India’s FY2027 budget shifts focus from renewable deployment to manufacturing, but execution challenges persist, says Wood Mackenzie
Clean energy spending rises 40% to $5 billion as government prioritises CCUS, domestic supply chains and strategic manufacturing. However, execution delays and underutilisation of allocated funds could limit the near-term impact, according to an analysis by Wood Mackenzie.
Saatvik Green Energy to acquire 49% stake in Intelligent Hydel Solutions
The move marks Saatvik’s entry into the independent power producer (IPP) segment with a 41 MW PPA-backed project in Maharashtra, advancing its transition from solar manufacturing and EPC to a fully integrated renewable energy platform.
India’s blueprint for sustainable solar success
By embedding quality benchmarks into procurement and manufacturing incentives, policymakers are ensuring that India’s energy transition is durable, not disposable. The focus has moved from rapid installation to long-term reliability — a sign of sectoral maturity.
India installs record 36.6 GW solar in 2025
Large-scale projects accounted for nearly 81% of the total solar capacity additions in the year 2025.
INOX Clean Energy targets 10 GW of solar in Africa through JV with RJ Corp
INOX Clean Energy, part of INOXGFL Group, has partnered with diversified Indian conglomerate RJ Corp Ltd and utility-scale solar developer SkyPower to launch a fully integrated renewable energy platform to deploy more than 10 GW of solar capacity across Africa.
AMPIN Energy Transition wins 199 MW in SECI FDRE auction
To meet the peak-hour supply requirement, AMPIN Energy Transition will pair the contracted 199 MW solar capacity with around 800 MWh battery energy storage system (BESS).
Advait Energy Transitions posts consolidated revenue of INR 486.33 crore for 9MFY26
Advait Energy Transitions Ltd has reported strong financial performance for the third quarter and first nine months of FY26, driven by execution momentum across its power transmission solutions and new & renewable energy businesses.
Pace Digitek secures 250 MW solar plus 1.1 GWh BESS project from KREDL
Pace Digitek Ltd has received a Letter of Award (LoA) from Karnataka Renewable Energy Development Ltd (KREDL) to set up a 250 MW solar PV project integrated with a 250 MW/1,100 MWh battery energy storage system (BESS) at Ryapte in the Pavagada Solar Park, Karnataka.
Premier Energies forms JV with BA Prerna Renewables for renewable EPC projects
Premier Energies Ltd has formed a joint venture with BA Prerna Renewables to undertake EPC contracts for solar, wind, standalone battery energy storage system (BESS), and solar-wind-battery hybrid projects across India.
Bondada Engineering commissions 69.51 MWp of solar in Maharashtra and Tamil Nadu
Bondada Engineering Ltd has commissioned 69.51 MWp of solar power projects for Paradigm IT, Maharashtra State Power Generation Co. Ltd (MAHAGENCO), and NLC India Ltd in January 2026.
