Siemens Energy India Q2 FY2026 revenue up 27.4% YoY
Siemens Energy India Ltd has reported a revenue from operations of INR 2,394 crore for the quarter ended March 2026, marking a 27.4% year-on-year increase from INR 1,880 crore in the corresponding quarter of FY 2025. Profit after tax increased 52.4% YoY to INR 375 crore.
Inox Clean buys US assets of Boviet Solar
Through this asset purchase, Inox Clean gains an operational capacity of 3 GW of TOPCon solar module manufacturing in the United States, positioning it in line with the “Make in America, For America” initiative.
Solar approaches 3 TW, but the industry faces new challenges
Global solar PV capacity reached around 2,974 GW by end-2025, with nearly 698 GW added in 2025. The sector, however, is shifting from rapid deployment to integration challenges, as high penetration rates drive curtailment, storage demand, grid constraints, and evolving policy and market designs.
Solar industry faces rising risks from fires and battery faults
The 8th annual Solar Risk Assessment from kWh Analytics identifies equipment-driven fires, regulator fines, and battery inaccuracies as the latest threats to renewable asset returns.
India added record 15.3 GW solar capacity in Q1 2026: Mercom
One of the key drivers behind the record solar capacity additions in Q1 2026 was the upcoming implementation of ALMM List-II from June 2026. The policy deadline prompted developers to accelerate project commissioning under the existing procurement framework amid concerns over limited domestic DCR cell availability and rising module procurement costs, according to Mercom.
Jolywood starts mass production of low-silver TOPCon solar cells
The Chinese manufacturer said its novel TOPCon cell design enables partial replacement of silver with aluminum paste while maintaining TOPCon-level efficiency of over 27% and compatibility with existing production lines.
Tata Power Renewable Energy deploys Ladakh’s first commercial rooftop solar project
Tata Power Renewable Energy Ltd (TPREL) has implemented a 50 kWp rooftop solar installation at Hotel Barath in Leh, marking the first commercial rooftop solar project in the Union Territory of Ladakh.
Indraprastha Gas Ltd tenders EPC for 200 MW solar project with battery storage in Rajasthan
Indraprastha Gas Ltd (IGL) has invited bids for the engineering, procurement and construction (EPC) of a 200 MW DC (160 MW AC) solar power project integrated with a battery energy storage system (BESS) in Rajasthan.
“India’s battery energy storage market is transitioning from aggressive tendering to execution-led scale” — Ratul Puri, Chairman, Hindustan Power
Ratul Puri, Chairman of Hindustan Power, speaks to pv magazine about the key challenges in scaling renewable energy deployment, the growing role of battery storage and carbon markets, and Hindustan Power’s strategy in supporting India’s clean energy transition.
South Africa’s Eskom resorts to grid-scale gravity energy storage
Gravity storage gets a boost from South Africa’s state-owned utility Eskom.
