ReNew reports 13-fold jump in Q1 net profit
ReNew Energy Global has reported a net profit of INR 5,131 million for the first quarter of fiscal year 2026 (Q1 FY26), marking a 13-fold increase from INR 394 million in Q1 FY25. A significant portion of the profit—INR 3,562 million—was contributed by external sales from the company’s solar module and cell manufacturing business.
Juniper Green Energy raises INR 1,739 crore in debt financing from IREDA
The funding will support the execution of large-scale renewable energy projects by the company and its subsidiaries, further strengthening its operational capacity.
L&T and Japan’s ITOCHU partner for 300 ktpa green ammonia project
L&T Energy GreenTech has signed an agreement with Japan’s Itochu Corp. for joint development of a 300 ktpa (kilotonnes per annum) green ammonia project at Kandla in Gujarat. Itochu will offtake the green ammonia from the project for bunkering applications in Singapore.
ACME Solar secures INR 3,184 crore REC funding for 280 MW FDRE project
ACME Solar has secured long-term financing of INR 3,184 crore from REC Ltd for the development and construction of a 280 MW firm and dispatchable renewable energy (FDRE) project contracted with NHPC.
Statcon Energiaa secures investment from Rotomag Enertec
Statcon Energiaa has secured an investment from Rotomag Enertec to scale its indigenously developed solutions and accelerate global growth. Rotomag Enertec now holds a majority stake in Statcon Energiaa.
How the India-UK FTA can turbocharge clean energy cooperation and investment between the two nations
Trade is only half the story, the bigger opportunity lies in green finance. Indian renewable energy projects require an estimated $250 billion in capital by 2030. The UK, home to one of the world’s most mature green finance ecosystems, including institutions like the Green Investment Bank and large ESG-focused funds, is ideally positioned to bridge this gap.
Australia faces slowdown as investment in solar and wind falls 64% in 2025
Investment in new large-scale solar and wind in Australia fell by 64% year on year in the first half of 2025 as grid bottlenecks, slow planning approvals, higher costs, and social licensing issues took a heavy toll.
US opens next round of solar import probes targeting India, Indonesia, Laos
The US Department of Commerce has initiated full investigations into anti-dumping and anti-subsidy cases against solar imports from India, Indonesia, and Laos filed in July. These investigations, conducted alongside the US International Trade Commission (ITC), are expected to continue into next spring.
Industry reacts to cybersecurity rules for rooftop solar monitoring systems
The solar industry broadly supports a more secure, standardized framework for remote monitoring systems (RMS) used in grid-connected rooftop solar installations but voices concerns over implementation hurdles, additional costs, and technical feasibility—especially for smaller players and regions with limited connectivity.
Qcells confirms US customs detained solar cell imports from South Korea
Qcells has confirmed that US Customs and Border Protection (CBP) has detained an unspecified volume of its solar cell imports from South Korea. The company claims the cells do not contain components from Xinjiang, China and says it is working with CBP to resolve the issue.
