PMSGY accelerates residential rooftop solar, yet supply and financing hurdles remain
Despite a nearly fourfold increase in applications between March 2024 and July 2025, only 13.1% of the target of one crore (10 million) residential rooftop solar installations had been achieved, and just 14.1% of the allocated INR 65,700 crore ($7.5 billion) in subsidies released under the PM Surya Ghar: Muft Bijli Yojana as of July 2025. Given this context, achieving the FY2027 target of 30 GW capacity remains a considerable challenge, according to a new report by IEEFA and JMK Research.
Hinduja Renewables appoints Deepak Thakur as managing director and CEO
Hinduja Renewables Energy Pvt Ltd (HREPL), part of Hinduja Group, has appointed Deepak Thakur as managing director and chief executive officer, effective from October 1, 2025.
ENGIE launches startup program for innovation in renewable energy solutions in India
ENGIE has launched a program to collaborate with enterprise-ready startups in addressing operational and technological challenges across India’s renewable energy sector.
Advait Greenergy commits INR 1,400 crore for electrolyser, fuel cell, ERS, and EPC projects in Gujarat
Advait Greenergy has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest INR 1,400 crore across electrolyser and fuel cell manufacturing, emergency restoration system (ERS), and engineering, procurement & construction (EPC) projects.
Market eyes Indian buying surge ahead of anti-dumping duty on Chinese solar cells
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Eighth Assembly of International Solar Alliance scheduled from Oct. 27-30 in New Delhi
The International Solar Alliance (ISA) Assembly will focus on four key areas: catalyzing finance for solar projects, building global capability centres and advancing digitization, enhancing regional and country-level engagement, and developing technology and policy roadmaps.
Waaree Energies completes acquisition of 64% equity stake in transformer company Kotsons
Waaree Energies Ltd has completed the acquisition of a 64% equity stake in transformer solutions company Kotsons Pvt Ltd (KPL) for a total consideration of INR 192 crore. Consequently, KPL has become a subsidiary of the company.
ACME Solar Holdings upgraded to CRISIL AA-/Stable rating
CRISIL Ratings has upgraded its rating on ACME Solar’s non-fund-based long-term bank facilities of INR 1,000 crore to ‘AA-/Stable’ from ‘A+/Positive’.
China wafer prices end four-week rally amid stable polysilicon, cooling demand
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Solar module prices to rise 9% in Q4, says Wood Mackenzie
Wood Mackenzie says module prices will climb as China ends export rebates and consolidates polysilicon production.
