U.S. solar projects face development crunch while Canada says “Build, baby, build”
Solar developers prioritize advanced-stage projects in the U.S. due to tightened tax credit deadlines, while projects in Canada are “full speed forward.”
India needs to invest $1.5 trillion by 2030 for climate action at scale: Deloitte report
The report highlights significant investment opportunities across renewable energy (solar, wind, hydro), bio-energy, energy storage solutions, green hydrogen and its derivatives, sustainable transport infrastructure, digital systems and platforms for climate action, sustainable agriculture, and circular economy and waste management.
Sterling and Wilson Renewable Energy Q1 revenue rises 93% YoY to INR 1,762 crore
Sterling and Wilson Renewable Energy has reported a revenue of INR 1,762 crore for the first quarter of FY 2026, marking a robust 93% year-on-year growth from INR 915 crore in Q1 FY 2025. Net profit increased to INR 39 crore compared to Q1 FY 2025 PAT of INR 5 crore.
Waaree Renewable Technologies Q1 profit surges 206.77% YoY to INR 86.39 crore
Waaree Renewable Technologies Ltd (WRTL), the solar EPC arm of Waaree Group, has reported a net profit of INR 86.39 crore for Q1 FY26, a 206.77% year-on-year (YoY) increase from the same quarter last year. The company’s revenue from operations stood at INR 603.19 crore, up 155.2% YoY from INR 236.35 crore in Q1 FY25.
Distributed solar poised to shape the next decade of India’s energy transition through residential, C&I rooftops, and hybrid microgrids
India has set an ambitious target of 280 GW of solar capacity by 2030, and of this, at least 40-45 GW is expected to come from distributed solar — a conservative estimate, considering the pace at which the ecosystem is maturing.
Oriana Power enters MoU to explore and develop renewable energy projects in Canada’s Alberta province
Oriana Power has entered a Memorandum of Understanding with Invest Alberta Corp. (IAC), to explore and develop renewable energy projects in Canada’s Alberta province.
Reliance Power to raise INR 9,000 crore via QIP, FPO and NCDs
Reliance Power has approved plans to raise up to INR 6,000 crore via a Qualified Institutions Placement (QIP), follow-on public offer (FPO), or a combination of both. The company also plans to raise up to INR 3,000 crore through the issuance of non-convertible debentures (NCDs).
GameChange Solar trackers deployed in India’s first project featuring First Solar’s Series 7 thin film PV modules
GameChange Solar’s Genius Tracker system has been deployed in India’s first project featuring First Solar’s Series 7 thin film PV modules. The project, developed by Cleantech Solar and constructed by Jakson Green, has a total planned capacity of 44.8 MWp.
NHPC allocates 1.2 GW of solar-plus-battery storage at INR 3.13/kWh
Reliance Infrastructure secured the largest slice of 390 MW. Other winners include PNC Infratech and SAEL Industries (300 MW each), JBM Renewables (150 MW) and Navayuga Engineering (60 MW).
India achieves 50% clean power capacity five years ahead of target
As of June 30, 2025, India reached a cumulative installed power capacity of 484.82 GW with 242.8 GW coming from non-fossil fuel sources (8.8 GW nuclear, 49.4 GW hydro, and 184.6 GW renewable energy sources).
