India’s EV sector secured INR 2.23 lakh crore in investments, just 18% of the capital needed by 2030: IEEFA
IEEFA states that bridging the INR 10.3 lakh crore investment gap over the next five years will require moving beyond traditional subsidy-led approaches toward structural risk-sharing mechanisms that lower the cost of credit and attract private capital in the electric mobility sector.
Vikram Solar secures 378.75 MW module order for Indian Oil-NTPC JV project
Vikram Solar has secured an order to supply 378.75 MW of n-type TOPCon solar modules for a project developed by Indian Oil NTPC Green Energy Pvt Ltd (INGEL), a joint venture between Indian Oil Corp. Ltd and NTPC Green Energy Ltd.
Mexico mandates social impact reviews for BESS projects
New rules from Mexico’s Secretaría de Energía require battery energy storage systems (BESS) to submit social impact assessments for the first time, with stricter obligations above 250 MWh.
Solar module prices rise faster than expected in February
Solar module prices increased by €0.01 ($ 0.012)/W to €0.015/W in February, lifting levels 15% to 18% above the December 2024 low despite falling wafer costs, as manufacturers seek to restore margins after prolonged losses.
Waaree Energies arm signs 50 MW alkaline electrolyzer agreement with ZFI
Waaree Clean Energy Solutions will deploy, own and operate alkaline electrolyzer stacks for Zero Footprint Industries Ltd’s decentralized green hydrogen projects across northern India over the next five years. The renewable-powered hydrogen produced will support decarbonization of process industries and inland transport applications.
From panels to complete energy systems: The evolution of India’s rooftop solar market
Rooftop solar is moving from being a supplementary solution to becoming a central component of India’s energy architecture. The next phase of growth will not be defined by panel installations alone but by how effectively generation is integrated with storage, digital intelligence, and grid infrastructure.
Pace Digitek secures INR 1,587 million telecom battery order from Reliance Industries Ltd
Pace Digitek Ltd’s arm Lineage Power has received an order from Reliance Industries Ltd for the supply of high-capacity lithium-ion battery packs. Under the agreement, Lineage Power will manufacture and supply 50,000 units of 48V 15S1P 314Ah Lithium-Ion battery packs to provide backup power for telecom loads.
ESS Tech acquires VoltStorage GmbH to expand long-duration energy storage
US-based ESS Tech has acquired the assets and intellectual property of Germany’s VoltStorage GmbH to strengthen its long-duration energy storage (LDES) portfolio and combine two iron-based flow battery technologies.
Suzlon strengthens leadership to support full-stack renewable expansion
Suzlon has formed a Group Executive Council (GEC), elevated JP Chalasani to the GEC, and appointed a new group CEO to drive its business transformation from a wind energy solutions provider to a full-stack renewable energy solutions conglomerate.
Hycosys raises $1 million from MGF Kavachh to develop hydrogen-compatible micro gas turbines
The seed round will aid in accelerating system integration, pilot deployments, and fuel the commercialisation roadmap of the Hycosys’ indigenous hydrogen-compatible micro gas turbine platform with applications across distributed power, aerospace and mobility.
