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Solar module overcapacity to spur consolidation among smaller players: ICRA

ICRA says that India’s solar manufacturing segment is likely to face an overcapacity scenario, with annual solar capacity additions expected at 45–50 GW (DC) against an annual solar module production capacity of 60–65 GW — leading to consolidation among smaller or pure-play module manufacturers.
Highlights

Saatvik Green Energy reports 146% surge in H1 profit

Saatvik Green Energy’s H1 FY26 revenue from operations more than doubled to INR 16,838 million from INR 7,213 million in H1 FY25. H1 FY26 profit after tax (PAT) surged over 146% YoY to INR 2,021 million compared to INR 823 million in H1 FY25.
Highlights

Solar tariffs kill Americans

Researchers show how solar panel imports saved nearly 600 American lives over a decade, while industry data indicates that the Suniva solar tariff may have caused more than one hundred preventable deaths.
Announcements

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Installations

RSWM partners with Adani Energy Solutions for 60 MW renewable energy supply to its plants

Textile manufacturer RSWM has signed an agreement with Adani Energy Solutions Ltd. (AESL) for supply of 60 MW of renewable energy to its manufacturing facilities across Rajasthan. The power will be supplied from a group captive project.
Highlights

AGC, NPC developing new PV cover glass recycling tech

The Japanese companies announced a partnership to advance the recycling of solar panel cover glass for application in architectural flat glass production.
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Highlights

Solar module recycling offers an INR 3,709 crore market opportunity in 2047: CEEW

India is estimated to generate over 11 million tonnes of solar waste by 2047. Recycling could meet up to 38% of India’s future solar material needs.
Highlights

SAEL plans INR 4,575 crore IPO; files draft papers with SEBI

SAEL Industries Ltd has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India (SEBI) to raise up to INR 4,575 crore through initial public offerings.
Installations

Solis launches 125 kW hybrid inverter for C&I solar applications

Launched under the S6-EH3P series, its 125 kW smart string hybrid inverter for C&I solar systems integrates battery smart charging/discharging (PCS), PV inversion, on-grid/off-grid and genset switching (STS), and a smart energy management system into...

Markets & Policy

Featured

Jharkhand can emerge as a front-runner in India’s low-carbon transition

Jharkhand’s vast renewable energy potential, combined with its industrial base and critical mineral reserves, positions the state to emerge as a hub for low-carbon manufacturing, ranging from EVs, solar panels and battery energy storage systems (BESS) to green hydrogen production.

Solar wafer prices stable, with emerging downward pressure despite policy interventions

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.

Goldi Solar unveils 665 Wp back-contact PV panel with 24.6% efficiency at REI 2025

Goldi Solar has introduced its new HELOC PLUS G12R Series IBC (interdigitated back-contact) modules, offering power outputs ranging from 635 Wp to 665 Wp and efficiencies between 23.5% and 24.6%.

The Hydrogen Stream: HYDGEN raises $5 million to deliver industrial-scale green hydrogen on-site and on-demand

The investment, led by energy transition-focused venture capital firm Transition VC, will accelerate HYDGEN’s efforts to make ultra-pure, cost-efficient hydrogen available directly at the point of use through its anion exchange membrane (AEM) electrolyzer technology.

‘Solar modules could be produced in Europe at €0.15/W’

At the Modules and Material Worksop in Konstanz, organized by solar manufacturing engineering company RCT Solutions and ICS Konstanz, experts from the European PV equipment production industry gathered to discuss the current and future trajectory of manufacturing costs, technology advancements and equipment and raw material capabilities. RCT Solutions CEO, Peter Fath, told pv magazine that a European 1 GW module assembly facility using the same supply chain as Chinese Tier 1 counterparts could reach module manufacturing costs of €0.11-0.12/W.

China module prices climb 1.14%, industry awaits polysilicon consolidation plan

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.

Installations

Featured

Rethinking transformer design for the energy transition

With renewables' share in power generation expected to grow significantly, there will also be a push in the demand for next-generation transformers that are capable of handling the intermittent nature of solar, wind, and other non-polluting sources of energy. The grid of the future demands not only more transformers but smarter, adaptive, and sustainable designs that can support India’s ambitious renewable targets and fast-rising power demand.

Avaada launches ‘Halo’ hybrid battery inverter at REI 2025

Avaada ‘Halo’ hybrid battery inverter—designed, developed, and manufactured entirely in India—is both scalable and stackable. It is available in 3 kW, 5 kW, and 10 kW configurations, making it suitable for residential, commercial, and small industrial (C&I) applications.

French startup launches cleaning robots for solar PV shade structures

Solar panel cleaning equipment company Objectif Drone has launched a new 7 kg dual-brush cleaning robot with a speed of 5 km/h made for small and medium-sized PV installations.

“Next year, the solar tracker market will be much larger”: GameChange Solar CEO

Vikas Bansal, President and CEO – International, GameChange Solar, expects that 55–60% of India’s new utility-scale solar capacity additions in FY 2027 will use trackers — a significant jump from the current 30–35% adoption rate.

The impact of dust on PV systems in arid coastal environments

A Saudi–Egyptian research team investigated the effects of four types of dust on photovoltaic panels in arid coastal environments, finding that power losses can reach up to 48%.

Waaree unveils 350 kW three-phase inverter for utility-scale solar projects

Waaree Energies has showcased its 350 kW three-phase string inverter for utility-scale solar projects. The inverter has six MPPT inputs, which allow total 30 strings of modules.

Technology

Featured

Solex Energy partners Germany’s ISC Konstanz, unveils rear-contact solar module concept

Solex Energy Ltd has partnered with Germany’s ISC Konstanz to upgrade its upcoming TOPCon cell line and adopt next-generation rear-contact and c-Si tandem/perovskite solar technologies.  The manufacturer also unveiled its concept rear-contact solar module, which is set to enter commercial production by FY 2027.

ADB, World Bank commit $12.5 billion to ASEAN Power Grid plan

The Asian Development Bank (ADB) and World Bank have launched a $12.5 billion initiative to finance regional power interconnection in Southeast Asia under the ASEAN Power Grid program.

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.

KAUST explores polymer alternatives to glass for solar panel covers

Researchers at King Abdullah University of Science and Technology (KAUST) have published a review that looks at polycarbonate sheets as an alternative to solar cover glass. Their findings indicate that this new materials have a combination of low weight, mechanical strength, optical transparency, and thermal resistance that is worthy of further investigation.

Toshiba to deploy AI-driven monitoring system at 165 power plants in India

Toshiba JSW Power Systems has secured a contract with NTPC Ltd—India’s state-owned power generation company—to provide a centralized monitoring system for 165 thermal and renewable energy power plants.

IEA says cost of capital for solar remains high in Southeast Asia

The International Energy Agency (IEA) says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.

Manufacturing

Featured

Saatvik Green Energy secures INR 299.40 crore solar module order

Saatvik Green Energy has secured orders aggregating to INR 299.40 crore for supply of n-type TOPCon solar PV modules. The supply of modules is scheduled from Dec. 2025 to March 2026.

Researchers develop antimony-doped n-type silicon ingots to enhance solar module mechanical strength

An international team is proposing to use antimony-doped Czochralski-grown silicon as an alternative to n-type silicon for photovoltaic applications. Their analysis showed that 140 μm as-cut planar antimony-doped wafers exhibit slightly higher mechanical strength compared to common wafers doped with phosphorous.

First Solar plans fifth US factory with 3.7 GW capacity addition

First Solar will build a fifth US module plant with 3.7 GW of annual output, lifting its total domestic capacity to more than 14 GW by 2026 and reinforcing its position as the country’s largest solar manufacturer.

ANIL reports 2.4 GW solar module sales in first half of FY26

Adani New Industries Ltd (ANIL) has reported 2,443 MW of solar PV module sales for the first half of fiscal year 2026 (H1 FY26), up from 2,380 MW in the same period last year (H1 FY25).

Alpex Solar H1 profit surges 283% YoY to INR 94.95 crore

Alpex Solar Ltd has reported consolidated operational revenue of INR 903.24 crore in H1 FY26, up 241% from INR 265.13 crore in H1 FY 2025. Net profit rose 283% YoY to INR 94.95 crore.

India’s solar module production capacity to reach 215–220 GWp by FY28: CareEdge Ratings

India’s solar module manufacturing capacity is expected to reach 215–220 GWp by FY28, driven by strong policy support, growing domestic demand, and export opportunities, according to a new report by CareEdge Ratings. The country’s solar cell manufacturing capacity is also projected to rise sharply to around 100 GWp by FY28.

Energy Storage

Pipelines for the future: Engineering challenges in hydrogen transport

As nations move towards low-carbon economies, hydrogen pipelines could become the backbone of industrial decarbonisation, linking production hubs to demand centres with efficiency, safety, and reliability. Building this backbone is not just an engineering task; it is a strategic investment in a cleaner energy future.

Schneider Electric unveils 200 kWh C&I battery storage system

Schneider Electric has introduced a modular 200 kWh battery energy storage system for commercial and industrial (C&I) users, scalable up to 2 MWh across 10 units.

Enphase announces complete off-grid solar-storage system

Enphase Energy has introduced a complete off-grid solar and storage system that integrates batteries, microinverters, and generator control, with international rollout set for 2026.

Blueleaf Energy secures $75 million from BII to advance 2 GW of renewable energy projects

Blueleaf Energy has secured $75 million financing facility from British International Investment (BII) to accelerate development of nearly 2 GW of utility-scale solar, wind, and energy storage capacity in India.

Coal power in India could peak by 2030, says CREA

If India achieves its stated clean energy target, power-sector emissions across this major coal-growth market could begin to decline by 2030, according to a new analysis by the Centre for Research on Energy and Clean Air (CREA).

Unlimited low-cost energy storage

In its latest monthly for pv magazine, the International Solar Energy Society (ISES) explains how pumped-hydro energy storage combined with PV power generation could provide 24/7 power to data centres

Opinion & Analysis

Featured

How to make India’s energy sector more cyber resilient

Amid looming threats from interconnected environments, emerging technologies, and siloed security practices, the energy sector needs a single source of truth. An exposure management platform delivers this, bringing IT and OT security into a unified ecosystem. It proactively identifies risks and stops them before they spiral out of control and stop operations.

Batteries at the heart of India’s energy future: Building a flexible and democratic power system

As India races toward its goal of 500 GW non-fossil fuel capacity by 2030, having already reached 217.62 GW as of January 2025, integrating variable renewable energy sources requires flexible storage solutions that can bridge generation-demand gaps while maintaining grid reliability. The dramatic cost declines, technological innovations, and supportive policy frameworks have created a perfect storm for Battery Energy Storage Systems (BESS) adoption, transforming what was once a nascent technology into a commercially viable solution driving India’s clean energy future and enabling a more flexible, resilient, and decentralized power system.

PV module recycling gains momentum as waste volumes surge globally

A comprehensive new report from IEA PVPS Task 12 reveals how countries around the world are managing the growing volumes of end-of-life solar modules, implementing regulations and scaling recycling infrastructure to handle the expected increment in PV waste over the coming decades.

How startups are driving affordable battery solutions for Bharat

With lithium being an imported raw material, recycling and repurposing of lithium batteries once they have completed their lifecycle is paramount. In line with this, Indian startups have come up with several ingenious business models for second-life applications that repurpose EV or lithium-ion batteries for stationary storage.

Beyond energy independence: Backward integration as India’s edge

Countries reliant on imported minerals and components are rethinking energy strategies in solar, batteries, and green hydrogen. Securing upstream and midstream processes is no longer optional but essential for flexibility. India’s integrated approach across mining, processing, and manufacturing positions the country as a challenging player on the world stage.

How India’s move to secure rooftop solar data with stricter inverter protocols will help to protect energy sovereignty

India’s decision to tighten inverter protocols and secure rooftop solar data under national jurisdiction is a critical step toward reinforcing its energy sovereignty. With ambitious rooftop solar targets already underway, these measures help ensure that growth in clean energy does not come at the cost of vulnerability in grid security, data privacy, or foreign dependence.

Press Releases

Avaada Foundation bats for Women’s Cricket in Rajasthan, signs MoU with U-17/19 Girls’ Cricket Team

Having already supported the teams for the past year, the Foundation will now bear all expenses, including nutrition, transport, sports equipment, and other necessities. This initiative aims to allow the talented players to focus completely on their game without worrying about finances.

SanchiConnect and REI Expo by Informa Markets Partners to Accelerate Global Market Access for Indian Clean Energy Startups

SanchiConnect, in collaboration with Renewable Energy India (REI) Expo- an initiative of Informa Markets, successfully launched the first-ever Startup Pavilion and Investor Lounge at Asia’s 2nd largest clean energy summit.

ABB Startup Challenge India 2025 winner advances smart drive technology with AI innovation

ABB India announces Cloudworx as the winner of the ABB Startup Challenge India 2025, selected from over 100 visionary startups. Seven finalists pitched their innovative AI-powered solutions that can help simplify drive and motor selection, commissioning, and troubleshooting

Senvion India signs MoU with Integrum for up to 50 4.2M160 wind turbines across five Indian states

At the official unveiling of its engineered-in-India 4. 2M160 wind turbine prototype at Windergy India 2025, Senvion India announced the signing of a Memorandum of Understanding with Integrum Energy to supply and commission up to 50 units of the 4.

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