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Insolation Energy Q3 EBITDA surges 175% YoY to INR 81.7 crore

Insolation Energy Ltd has reported a 175% year-on-year increase in Q3 FY 2025-26 EBITDA to INR 81.7 crore. The quarterly revenue rose 77% to INR 575.3 crore.
Highlights

INOX Clean Energy targets 10 GW of solar in Africa through JV with RJ Corp

INOX Clean Energy, part of INOXGFL Group, has partnered with diversified Indian conglomerate RJ Corp Ltd and utility-scale solar developer SkyPower to launch a fully integrated renewable energy platform to deploy more than 10 GW of solar capacity across ...
Installations

Bondada Engineering partners Dubai’s Bryanston to develop renewables-powered data centers

Hyderabad-based Bondada Engineering Ltd (BEL) has signed a memorandum of understanding (MoU) with Dubai-headquartered Bryanston Renewables FZCO to jointly develop renewable energy-powered data centers in India and select international markets.
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pv magazine Global February 2026 edition

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Battery Business & Development Forum 2026

Connect with Europe’s energy storage leaders at the Battery Business & Development Forum 2026 in Frankfurt (March 31–April 1) and gain insights into evolving business models, financing strategies, and market trends

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SunRise Arabia Clean Energy Conference 2026

Join the 3rd SunRise Arabia Clean Energy Conference on April 22, 2026, in Riyadh to explore how solar PV and energy storage are powering the Kingdom’s growing digital economy — including data centers. Secure your spot at the early-bird rate.

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Energy Storage

Amara Raja Energy & Mobility to set up US arm with $5 million investment

Amara Raja Energy & Mobility's Board of Directors has approved the incorporation of a wholly owned subsidiary in the US for strengthening the company’s customer servicing capabilities and facilitating global business expansion.
Highlights

GUVNL’s 335 MW/670 MWh battery storage tender under VGF scheme yields INR 2.10 lakh/MW/month tariff

Gujarat Urja Vikas Nigam Ltd. (GUVNL) has concluded its tender for 335 MW/670 MWh of standalone battery energy storage system (BESS) capacity, discovering a tariff of INR 2.10 lakh per MW per month.
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Energy Storage

Energy Vault secures 1.5 GWh sodium-ion supply for AI

Switzerland-based Energy Vault has secured an initial 1.5 GWh of sodium-ion battery supply from Peak Energy to develop integrated storage systems for artificial intelligence-focused data centers.
Highlights

AMPIN Energy Transition wins 199 MW in SECI FDRE auction

To meet the peak-hour supply requirement, AMPIN Energy Transition will pair the contracted 199 MW solar capacity with around 800 MWh battery energy storage system (BESS).
Highlights

Silver prices forecast to strengthen further this year

The Silver Institute has said the amount of silver used for manufacturing is set to fall this year, driven by developments in the solar sector. The institute also says the silver market will remain in deficit for the sixth consecutive year. Philip Newman...

Markets & Policy

Featured

Advait Energy Transitions posts consolidated revenue of INR 486.33 crore for 9MFY26

Advait Energy Transitions Ltd has reported strong financial performance for the third quarter and first nine months of FY26, driven by execution momentum across its power transmission solutions and new & renewable energy businesses.

US government withdraws defense of solar tariff pause

The US Department of Justice (DoJ) has withdrawn from defending the executive order that paused certain tariffs on imported solar components, leaving private industry groups and companies to continue the appeal. The withdrawal increases legal uncertainty over potential retroactive duties tied to imports from Cambodia, Malaysia, Thailand, and Vietnam.

Pace Digitek secures 250 MW solar plus 1.1 GWh BESS project from KREDL

Pace Digitek Ltd has received a Letter of Award (LoA) from Karnataka Renewable Energy Development Ltd (KREDL) to set up a 250 MW solar PV project integrated with a 250 MW/1,100 MWh battery energy storage system (BESS) at Ryapte in the Pavagada Solar Park, Karnataka.

China TOPCon solar module prices ease after 4-week rally on silver pullback, holiday slowdown

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.

Advait Greenergy signs MoUs for green hydrogen technology, storage, and EPC

Advait Greenergy has partnered with electrolyser technology providers Switzerland-based CENMAT and US-based Power to Hydrogen Inc. (P2H2), India-based EPC firm JESCO Projects, and hydrogen storage specialist VJ Industries to support the development of green hydrogen projects in India.

Vietnam more cost-competitive than India in cell, PV module production, says IRENA

IRENA’s latest report finds that energy use and material intensity across the solar PV manufacturing supply chain will decline through 2030. The analysis also shows Vietnam remains more cost-competitive than India due to lower electricity prices, while high energy and labour costs keep Australia and Germany less competitive.

Installations

Featured

Premier Energies forms JV with BA Prerna Renewables for renewable EPC projects

Premier Energies Ltd has formed a joint venture with BA Prerna Renewables to undertake EPC contracts for solar, wind, standalone battery energy storage system (BESS), and solar-wind-battery hybrid projects across India.

Bondada Engineering commissions 69.51 MWp of solar in Maharashtra and Tamil Nadu

Bondada Engineering Ltd has commissioned 69.51 MWp of solar power projects for Paradigm IT, Maharashtra State Power Generation Co. Ltd (MAHAGENCO), and NLC India Ltd in January 2026.

KLK Ventures secures 2,000+ solar pump order in Karnataka, expands residential PV in Goa

Solar solutions provider KLK Ventures has secured a contract to supply more than 2,000 solar water pumps under the Karnataka Renewable Energy Development Limited (KREDL) program.

NextPower leads Wood Mackenzie tracker rankings as US, China dominate

Wood Mackenzie ranked NextPower as the world’s top PV tracker manufacturer in the first half of 2025, with companies headquartered in the United States, China and Spain occupying all top 10 positions.

Serentica Renewables secures 600 MW in SECI assured peak power tender

Serentica Renewables has secured 600 MW in the Solar Energy Corp. of India’s (SECI) FDRE VII assured peak power tender, the largest allocation awarded to a single bidder in the auction. 

ACME Solar secures 301 MW renewables with 1,204 MWh storage in SECI peak power tender

With the latest addition, ACME Solar’s overall contracted renewable energy portfolio has crossed 8 GW across solar, wind, firm and dispatchable renewable energy (FDRE), round-the-clock (RTC), and hybrid projects.

Technology

Featured

The Hydrogen Stream: NTPC Green signs MoU with Assago Industries for green ammonia supply

NTPC Green Energy Ltd (NGEL) has signed a Memorandum of Understanding (MoU) with Assago Industries for the supply of green ammonia, CO₂, renewable power, and other utilities to support the production of 1,000 tonnes per day (tpd) of green urea.

Why transformers are the unsung heroes of India’s green revolution

We are preparing for a future where transformers are dynamic energy hubs, stabilizing a grid that is constantly fluctuating between charging EVs and absorbing solar export.

Carbon steel pipes: The backbone of India’s expanding energy and infrastructure grid

The role of carbon steel pipes in India’s energy and infrastructure grid will continue to evolve alongside the country’s development priorities. As networks expand and operating conditions become more demanding, value will be defined not by capacity alone, but by lifecycle performance, reliability, and sustainability.

India curtailed 2.3 TWh of solar generation between May and Dec. 2025: Ember

The system operator regularly had to curtail solar generation as an emergency measure to maintain grid security, as other resources were already flexing to their maximum capabilities. Lost solar generation highlights the need for flexibility to grow at pace with solar capacity.

Pre-Budget 2026: Solar and storage industry calls for tax reforms, PLI expansion, and circular economy push

Ahead of the presentation of the Union Budget 2026–27, stakeholders across India’s solar and energy storage ecosystem have urged the government to focus on tax reforms, expansion of production-linked incentive (PLI) schemes with targeted allocations, faster viability gap funding (VGF) disbursements, additional funding for residential rooftop solar, improved access to long-term and affordable green finance, and a stronger push for circular economy initiatives and grid modernisation.

Building responsibly: India’s steel sector and the carbon budget challenge

India’s steel sector stands at a decisive moment. As the country pursues industrial growth, it must also demonstrate that development and decarbonisation can move together. The carbon budget framework offers not a constraint, but a compass, guiding industry toward innovation, resilience and global competitiveness.

Manufacturing

Featured

UV testing, solar cell factory inspection now mandatory for Munich Re’s PV warranty insurance

The world’s largest reinsurer has recently introduced stricter requirements for PV warranty insurance to further de-risk insured PV parks and set a higher benchmark for industry wide reliability and production quality.

Jupiter International doubles solar cell manufacturing capacity to 2 GW

Jupiter International Ltd has commissioned a 1 GW mono PERC solar cell manufacturing facility at its Baddi site in Himachal Pradesh, increasing its total installed capacity to nearly 2 GW from 959 MW.

DAS Solar unveils new method to identify hot-spots in TOPCon back-contact solar modules

The Chinese manufacturer said it developed a new circuit-model–based method to accurately detect hot-spot risks in TOPCon back-contact modules, overcoming limitations of the IEC 61215 approach caused by low shunt resistance. Validated through indoor and outdoor tests, the method predicts temperature rise under shading and reportedly enables faster, more accurate hot-spot risk assessment.

Global cadmium telluride solar module manufacturing capacity could reach 100 GW by 2030

In a perspective paper in Joule, a group of U.S. researchers described technology and supply chain efforts required to reach worldwide annual cadmium telluride (CdTe) solar PV capacity of 100 GW by 2030.

GREW Solar gets ALMM approval for 3 GW G12R modules, targets 11 GW capacity by 2026

GREW Solar has received Approved List of Models and Manufacturers (ALMM) approval from the Ministry of New and Renewable Energy (MNRE) for 3 GW of G12R solar module manufacturing capacity at its Dudu facility in Rajasthan. The approved capacity comprises bifacial n-type TOPCon modules with efficiencies of up to 23.14%.

Pahal Solar expands module manufacturing capacity to 3 GW, secures ALMM and BIS 2023 certification

Pahal Solar has expanded its solar module manufacturing capacity to 3 GW. The company said the expanded capacity has been included in the Approved List of Models and Manufacturers (ALMM), and is certified in accordance with BIS 2023 standards.

Energy Storage

Featured

Global BESS capacity tops 250 GW, overtaking pumped hydro for first time

Rystad Energy says it expects global battery energy storage system (BESS) additions to exceed 130 GW/350 GWh in 2026, led by China, the United States, the United Kingdom, Australia, and Germany.

World’s largest AI-powered battery storage cluster comes online in China

The multi-project cluster includes the world’s largest single-site electrochemical energy storage facility: the 4 GWh Envision Jingyi Chagan Hada Energy Storage Power Station.

SECI concludes 1.2 GW/4.8 GWh renewables-plus-storage tender at INR 6.27/kWh

The Solar Energy Corp. of India (SECI) has concluded its tender for the development of 1.2 GW of renewable energy projects coupled with energy storage systems (ESS), designed to provide 4.8 GWh of assured peak power supply daily (1,200 MW for four hours). The lowest discovered tariff under the auction was INR 6.27/kWh.

Growatt launches 5 kWh AC-coupled balcony storage system

The IP66-rated Aura 5000 system features bidirectional inverter functionality and an AC output of up to 2.5 kW.

Loom Solar launches 125 kW/261 kWh BESS for C&I applications

Indian solar manufacturer Loom Solar has launched a 125 kW/261 kWh CAML battery energy storage system (BESS) for commercial and industrial (C&I) applications. The BESS is scalable up to 1 MWh.

NLC wins 600 MW solar-plus-storage project from SECI

NLC India Ltd has secured a 600 MW solar project coupled with a 300 MW/1,800 MWh energy storage system (ESS) from the Solar Energy Corp. of India (SECI). The company said its wholly owned subsidiary, NLC India Renewables Ltd (NIRL), has received a letter of award for the project.

Opinion & Analysis

Featured

Why corporate relations will define the green energy future

Green energy development today is being undertaken in a complex environment that is influenced by long-term capital commitments, changing regulation, and greater public and investor scrutiny. In this context, corporate relations is no longer restricted to disclosures, or media relations. It has become a strategic function that affects the way organisations are understood, evaluated and trusted over the course of time.

TOPCon cell prices rise for fourth week amid elevated silver costs and export rebate uncertainty

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.

EV Financing 2.0: Building the Financial Backbone of India’s Green Mobility Ecosystem

As the country accelerates towards a greener future, the focus is rapidly shifting to financing the entire electric vehicle (EV) ecosystem, spanning charging infrastructure, batteries, fleet operations, and clean energy integration. This transition marks the emergence of EV Financing 2.0: a more holistic approach that goes beyond point-of-sale lending to enable sustainable, scalable, and economically viable green mobility.

Electrolyser selection and balance-of-plant engineering for renewable integrated hydrogen projects 

Green hydrogen will scale not through isolated technology breakthroughs, but through disciplined engineering execution. Projects that embed electrolysers within robust, flexible, and future-ready Balance-of-Plant architectures will define the next phase of industrial decarbonisation and renewable energy integration worldwide.

Renewable energy industry’s key expectations from Union Budget 2026

The upcoming budget must prioritize in-house technology and equipment development, provide clarity on delayed power purchase agreements (PPAs) and power sale agreements (PSAs), increase budgetary allocation and policy support for Green Energy Corridors, introduce production-linked incentives for battery energy storage system (BESS) manufacturing, establish an Approved List of BESS Integrators (ALBI), lower the cost of capital through priority sector lending, extend ALMM for solar cells, and continue the ISTS waiver, among other measures.

India–EU FTA anchors climate and trade in a fracturing global order

The India–EU free trade agreement is emerging as a platform for climate-trade convergence. The climate dimension is not incidental—it’s already embedded in ongoing India–EU frameworks.

Press Releases

OMC Power commissions one of India’s first EV repurposed battery–UPS solution in strategic partnership with Honda

Hardoi project marks Honda’s entry into India’s distributed power solutions sector and accelerates OMC Power’s 1 GWp decentralised clean energy roadmap

AB Energia Expands EPC Footprint with 15 MWp Solar Project in Uttar Pradesh

AB Energia, a leading solar EPC company, has secured a 15 MWp solar EPC order from Avener Capital. The project will be developed in Mahoba district, Uttar Pradesh, and is scheduled for completion by mid-April.

Saatvik Green Energy earns EPD Certification for N-type TOPCon bifacial G12R solar module

Saatvik Green Energy Limited has secured Environmental Product Declaration (EPD) certification for its N-TOPCON bifacial G12R solar module, becoming one of the few Indian solar manufacturers to publish independently verified EPDs under The International EPD System.

Hartek Secures INR 735 Crore Substation Orders Across India

HARTEK’s Power Systems business unit has secured cumulative orders worth INR 735 crore across the utility (PSU), Independent Power Producer (IPP), and Industrial Segments, marking a significant milestone in the company’s continued growth in power system engineering and execution.

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