The company reported revenue from power supply of INR 11,602 crore in FY 2026, marking a 22% year-on-year increase. EBITDA from power supply rose 23% YoY to INR 10,865 crore—almost twice the annual EBITDA for FY23.
The clean energy transition carries a real risk of replicating the extractive habits of the fossil fuel era, just with different inputs. Land grabs for solar. Rare earth mining for batteries. Water consumption for green hydrogen. None of these are arguments against the transition. They are arguments for doing it intelligently. Floating solar is one example of that intelligence made practical.
State that aligns policies—and target specific segments of the EV and battery value chain—based on their comparative advantage, can better attract investments, deepen local value addition and create integrated manufacturing ecosystems.
India’s renewable power generation from solar, wind, hydro and bioenergy rose by a record 98 TWh (+24%) in 2025, driven by strong growth in solar and wind, according to a report by Ember. The increase was twice the nation’s electricity demand growth of 49 TWh, which was abnormally low owing to milder temperatures and slower industrial activity. As a result, India’s fossil power generation fell by 3.3%.
Indian solar manufacturer Saatvik Green Energy has acquired an 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer manufacturer. The acquisition gives Saatvik a manufacturing footprint in power transmission equipment, a segment linked to India’s renewable energy expansion.
China’s solar industry has launched its first TOPCon-focused patent pool, led by Trina Solar, JA Solar, and JinkoSolar, to streamline licensing, reduce disputes, and strengthen IP coordination at home and abroad.
As the energy-generating capacity scales up, it becomes critical to integrate intelligent embedded control and connectivity solutions. With a concerted effort to utilize the advances in power electronics and connectivity solutions, it is possible to achieve self-reliant, environmentally friendly, and efficient energy systems that can power a nation.
Sterling and Wilson Renewable Energy Ltd (SWREL) has reported consolidated revenue from operations of INR 7,548 crore for FY2026, its highest since listing.
Researchers in the United States reviewed claims about PFAS in solar panels and found that while fluoropolymers may be used in limited components like backsheets or coatings, there is no confirmed evidence of PFAS leaching from commercially deployed modules. The study highlights widespread confusion between different PFAS types and emphasizes the need for clearer communication and transparency around fluoropolymer use in PV technologies.
Madhav Infra Projects Ltd has secured nine power purchase agreements (PPAs) with Madhya Pradesh Power Management Co. Ltd (MPPMCL) for a cumulative solar capacity of 73.15 MW.
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