Markets & Policy

Waaree Renewable Technologies Ltd, the solar EPC arm of Waaree Energies, today announced a strategic investment in Smart Joules, India’s largest Cooling-as-a-Service (CaaS) and energy efficiency company.

Market regulator, the Securities and Exchange Board of India (SEBI), has dismissed US-based short seller Hindenburg Research’s allegations of stock manipulation against the Adani Group companies and the Group’s Chairman, Gautam Adani.

The draft order for the implementation of the Approved List of Models and Manufacturers (ALMM) for wafers and ingots clearly indicates the government’s commitment to advancing domestic solar PV upstream integration and bridging the capacity gap between modules, cells, and wafers. Issuing this order nearly three years before its effective date and one year before the implementation of ALMM List-II will allow solar manufacturers to plan for wafer capacity alongside their upcoming cell capacities.

The Central Electricity Regulatory Commission (CERC) is set to release final guidelines for virtual power purchase agreements (VPPAs), potentially unlocking financing opportunities for over 40 GW of uncontracted renewable energy projects across the country.

Saatvik Green Energy Ltd has announced the launch of its initial public offering (IPO), aiming to raise INR 900 crore. The offer comprises a fresh issue of equity shares aggregating up to INR 700 crore and an offer for sale (OFS) aggregating up to INR 200 crore by the promoters.

The Ministry of New and Renewable Energy (MNRE) has proposed the inclusion of solar wafers under the Approved List of Models and Manufacturers (ALMM), in a move aimed at promoting domestic manufacturing across the entire solar cell value chain. The ALMM for solar wafers will come into effect on June 1, 2028.

Hydrogen is moving quickly from promise to reality, and pipelines will be the foundation of this transition. The world is preparing to invest billions in hydrogen-ready transport networks, and the demand for advanced steel pipes will surge. With its strong track record, competitive costs, and supportive policies, India is well-positioned to lead.

India’s climate tech ecosystem now counts over 800 startups, ranging from solar and electric mobility pioneers to agri-tech and water management disruptors. Many of these startups begin as humble experiments.

Statkraft has signed an agreement to sell approximately 1.5 GWp of its renewable energy portfolio in Rajasthan, comprising the recently commissioned 445 MWp Khidrat solar plant and around 1,000 MWp of solar and wind projects at various stages of development.

Global hydrogen investment has topped $110 billion, up $35 billion from last year, with total committed capacity exceeding 6 million tons (metric tons) per year (mtpa), says the Hydrogen Council.