Manufacturing

Waaree Clean Energy Solutions, a wholly owned subsidiary of Waaree Energies Ltd, has secured an order to develop a multi-technology green hydrogen project at the facility of TMEIC Industrial Systems India in Tumkur, Karnataka.

Siemens Energy India Ltd has reported a revenue from operations of INR 2,394 crore for the quarter ended March 2026, marking a 27.4% year-on-year increase from INR 1,880 crore in the corresponding quarter of FY 2025. Profit after tax increased 52.4% YoY to INR 375 crore.

Through this asset purchase, Inox Clean gains an operational capacity of 3 GW of TOPCon solar module manufacturing in the United States, positioning it in line with the “Make in America, For America” initiative.

One of the key drivers behind the record solar capacity additions in Q1 2026 was the upcoming implementation of ALMM List-II from June 2026. The policy deadline prompted developers to accelerate project commissioning under the existing procurement framework amid concerns over limited domestic DCR cell availability and rising module procurement costs, according to Mercom.

The Chinese manufacturer said its novel TOPCon cell design enables partial replacement of silver with aluminum paste while maintaining TOPCon-level efficiency of over 27% and compatibility with existing production lines.

Ratul Puri, Chairman of Hindustan Power, speaks to pv magazine about the key challenges in scaling renewable energy deployment, the growing role of battery storage and carbon markets, and Hindustan Power’s strategy in supporting India’s clean energy transition.

A High Court in South Africa ordered the country’s Ministry of Mineral Resources and Energy to deliver full documentation relating to three solar tenders awarded in 2021 and 2022 to local solar manufacturer ARTsolar, after the company questioned if the preferred bidders had followed local content requirements for PV modules set out in the tenders. ARTsolar told pv magazine its legal team is currently reviewing the documentation it has received.

Union Minister for New and Renewable Energy Pralhad Joshi highlighted that renewable energy is becoming a critical determinant of competitiveness in key industrial sectors such as steel, aluminium, chemicals, automotive and textiles. He emphasised the importance of emerging areas including green hydrogen, battery storage, pumped hydro, offshore wind and round-the-clock renewable energy solutions in the next phase of growth.

Renewables business PAT increased 59% YoY to INR 1,994 crore (including INR 857 crore from solar cell and module manufacturing unit).

While the National Critical Mineral Mission (NCMM) aims to create regulatory and institutional enablers to develop the critical minerals supply chain, focused capital expenditure is needed to accelerate large-scale mining, refining, and processing. The NCMM creates intent and incentives, but outcomes will depend on institutional execution.