Markets & Policy

The number of operational battery gigafactories will increase significantly, with more than 30 manufacturing sites expected to be in operation by 2030, targeting a total production capacity exceeding 290 GWh. However, challenges such as raw material and skilled labor shortages, insufficient R&D investment, and a lack of long-term strategic planning remain.

Infomerics Ratings expects renewable energy (RE) to account for 26% of India’s total power generation by the end of FY2026, despite softer demand conditions.

The Global Energy Alliance for People and Planet has launched the India Grids of the Future Accelerator platform to modernize power distribution, integrate renewable energy and storage, and prepare India’s grids for rapid demand growth.

The International Solar Alliance (ISA) convened a high-level session at the India AI Impact Summit 2026 to advance global dialogue on the transformative role of Artificial Intelligence (AI) in the clean energy transition.

Clean energy spending rises 40% to $5 billion as government prioritises CCUS, domestic supply chains and strategic manufacturing. However, execution delays and underutilisation of allocated funds could limit the near-term impact, according to an analysis by Wood Mackenzie. 

By embedding quality benchmarks into procurement and manufacturing incentives, policymakers are ensuring that India’s energy transition is durable, not disposable. The focus has moved from rapid installation to long-term reliability — a sign of sectoral maturity.

GREW Solar has raised INR 1,050 crore in a new funding round led by Bay Capital Investment Ltd, with participation from two other institutional investors. The company said it will use a significant portion of the proceeds to expand the manufacturing capacity of its upcoming PV cell facility from 3 GW to 8 GW.

Advait Energy Transitions Ltd has reported strong financial performance for the third quarter and first nine months of FY26, driven by execution momentum across its power transmission solutions and new & renewable energy businesses.

The US Department of Justice (DoJ) has withdrawn from defending the executive order that paused certain tariffs on imported solar components, leaving private industry groups and companies to continue the appeal. The withdrawal increases legal uncertainty over potential retroactive duties tied to imports from Cambodia, Malaysia, Thailand, and Vietnam.

Pace Digitek Ltd has received a Letter of Award (LoA) from Karnataka Renewable Energy Development Ltd (KREDL) to set up a 250 MW solar PV project integrated with a 250 MW/1,100 MWh battery energy storage system (BESS) at Ryapte in the Pavagada Solar Park, Karnataka.