IPO-bound SAEL commissions 1 GWp solar project at Khavda Renewable Energy Park
The solar plant, spanning 3,600 acres at Khavda Renewable Energy Park, Gujarat, is backed by 25-year power purchase agreements with Gujarat Urja Vikas Nigam Ltd.
Indian startup Meine Electric raises $750,000 for iron–air long-duration energy storage
Indian energy storage startup Meine Electric has raised $750,000 (INR 6.7 crore) in a pre-seed funding round to support its transition from laboratory-scale prototypes to pilot-ready iron–air battery systems.
UK to spend $20 billion on home energy upgrades, mandatory PV for new homes
Cash grants and state-backed loans to support solar and battery storage installations in millions of UK homes as part of government Warm Homes Plan. UK government says investment has the potential to triple the number of homes with rooftop solar by 2030.
India’s PLI scheme achieves just 2.8% of targeted 50 GWh battery manufacturing capacity so far
Despite strong industry interest, India’s Advanced Chemistry Cell Production Linked Incentive (ACC PLI) scheme, launched in October 2021, is yet to translate policy ambition into realised capacity. As of October 2025, only 2.8% (1.4 GWh) of the targeted 50 GWh capacity has been commissioned within the stipulated timeline, entirely by Ola Electric—according to a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA).
Fujiyama Power Systems commissions 1 GW solar cell manufacturing plant at Dadri, Uttar Pradesh
Fujiyama Power Systems Ltd has commenced production at its 1 GW solar cell manufacturing plant in Dadri, Uttar Pradesh. The newly commissioned facility will cater entirely to captive consumption, strengthening the company’s backward integration and supply-chain security.
Global solar corporate funding reached $22.2 billion in 2025
While global solar corporate funding in 2025 fell to the lowest level recorded since 2020, deal count rose to its highest level since 2017. Mercom Capital Group says investors favored smaller, lower-risk, execution-ready projects last year amid policy uncertainty, trade pressures and higher financing costs.
More PV manufacturers expected to adopt copper metallization in 2026
Rising silver prices are pushing PV manufacturers toward copper-based metallization, with DK Electronic Materials targeting 2026 for large-scale deployment of high-copper paste solutions, while Fraunhofer ISE warns efficiency trade-offs remain unacceptable.
Waaree Energies posts record quarterly results
Waaree Energies Ltd reported revenue from operations of INR 7,565.05 crore in the third quarter of fiscal year 2026, marking a year-on-year increase of 118.81%. Profit after tax (PAT), after accounting for exceptional items, surged 118.35% YoY to INR 1,106.79 crore.
European PV market faces potential 2026 price shock from China export tax
China’s PV manufacturing sector is operating at full capacity ahead of an April 1 export tax change, contributing to module price increases of 20% to 30% in parts of the supply chain and raising risks for price-sensitive European commercial and utility-scale projects in early 2026.
Distributed solar platform Aerem raises $15 million in SMBC-led funding round
Aerem Solutions, an end-to-end platform for distributed solar, has raised $15 million in a Pre-Series B funding round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corp. (SMBC).
