Sunnova files for bankruptcy
US residential solar company Sunnova has entered into asset and power purchase agreements to support operations while it seeks a buyer.
Power ministry announces INR 5,400 crore viability gap funding to support 30 GWh BESS development
The scheme will extend financial support to 15 states and NTPC, with INR 18 lakh per MWh allocated for each project. Of the total 30 GWh target, 25 GWh will be distributed among 15 states to meet their energy storage needs, while 5 GWh will be allocated to NTPC.
Vikram Solar gets SEBI nod for IPO
Vikram Solar plans to use the net proceeds to partly fund the establishment of an integrated 3 GW solar cell and module manufacturing facility in the Tirunelveli district of Tamil Nadu, and to expand the solar module capacity at the same site from 3 GW to 6 GW. A portion of the funds will also be allocated for general corporate purposes.
SAEL secures $132 million for 300 MW solar project in Andhra Pradesh
SAEL has secured $132 million in debt financing for the development of a 300 MW solar power project in Andhra Pradesh. The funding was secured from Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale with each committing $44 million to the project.
Why renewable project execution needs speed and policy synergy
Renewable energy projects that should take 12-18 months to complete often take twice that. More often than not, land acquisition challenges, regulatory overreach and delayed transmission planning are the reasons behind this.
Insolation Energy posts INR 126.2 crore profit in FY 2025
Indian solar manufacturer Insolation Energy Ltd has reported a revenue of INR 1,333.8 crore for FY25, marking an 80.9% year-on-year (YoY) increase from INR 737.2 crore in FY 2024. Profit after tax surged 127.5% YoY to INR 126.2 crore.
Websol posts INR 154.70 crore profit in FY 2025
Websol Energy System Ltd, a solar cell and module manufacturer, has reported revenue from operations of INR 575.5 crore for FY 2025, a significant increase from INR 25.9 crore in FY 2024. The company has posted a net profit (PAT) of INR 154.70 crore in FY 2025, compared to a loss of INR 121 crore in the previous fiscal year.
Husk Power Systems receives $5 million debt financing from IFC
The financing package will enable Husk Power Systems to develop and operate up to 108 mini-grid sites in Nigeria.
Waaree Solar Americas announces $200 million investment in battery energy storage systems
The latest announcement follows parent company Waaree Energies’s commitment of up to $1 billion to the U.S. solar ecosystem, bringing Waaree’s total planned investment in the USA to $1.2 billion by 2028.
Hitachi Energy India Q4 revenue up 13.1% YoY
Hitachi Energy India has reported a revenue of INR 1,921.9 crore in January–March 2025, a YoY growth of 13.1%. Profit after tax is 61.8% up YoY at INR 183.9 crore.
