Markets & Policy

ACME Solar has secured long-term project financing of INR 3,892 crore from the State Bank of India (SBI) for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project.

Utility-scale solar investment fell 19% globally, led by mainland China, Spain, Greece, and Brazil, while EU spending rose 63%, says BloombergNEF (BNEF).

Husk has secured a ₦5 billion (approximately $3.2 million) revolving, local currency debt facility from United Capital Infrastructure Fund (UCIF) to support the deployment and scaling of solar minigrids across Nigeria.

In recent months, solar energy has been recognised by the EU Commission as critical grid infrastructure, with a growing awareness around cybersecurity in particular raising questions about Europe’s energy security. In this article, solar cybersecurity specialist Uri Sadot – Managing Director at SolarDefend and Elected Chairman of SolarPower Europe’s Digitalization Group – discusses what PV installers, developers, EPCs and system owners can do to better protect themselves – and the grid.

ACME Solar Holdings has executed a share purchase agreement to acquire 100% equity shares of AK Renewable Infra for an enterprise value of INR 79.25 crore.

The India Energy Storage Alliance (IESA) has welcomed the streamlining of the GST rate for all advanced batteries under heading 8507 to a uniform 18%, replacing the earlier regime where lithium-ion batteries were taxed at 18%, while other chemistries attracted a 28% GST.

GREW Solar, the renewable energy venture of the Ahmedabad-based Chiripal Group, has successfully raised INR 300 crore from a diverse set of investors. The funds will be used to accelerate product development, strengthen technological infrastructure, and drive strategic expansion.

Servotech Renewable Power System has partnered with China-based Zhuhai Piwin New Energy Co. Ltd. (Pilot Group) to manufacture advanced Battery Energy Storage Systems (BESS) in India, with technology support from Zhuhai Piwin.

Amid rising demand from the solar energy sector, the Aluminium Extrusion Manufacturers Association of India (ALEMAI) has urged the government to take urgent policy measures to reduce dependence on imported aluminium extrusions and support domestic manufacturers.

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an INR 1,500 crore incentive scheme to develop recycling capacity in the country for the separation and production of critical minerals from secondary sources.