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Credible transition plans key to unlocking decarbonization finance for India’s corporates 

IEEFA’s assessment finds that while most companies have announced net-zero or emission reduction targets, only a limited number link these goals to capital expenditure plans, revenue assumptions or changes in business strategy, making it difficult for investors and lenders to assess the feasibility of transition pathways.
Markets & Policy

Adani Green Energy rated BBB+ with stable outlook by JCR

Japan Credit Rating Agency (JCR), Japan’s leading rating agency, has assigned Adani Green Energy Ltd (AGEL) a long-term foreign currency credit rating of BBB+ with a Stable outlook, at par with India’s sovereign credit rating of BBB+.
Highlights

SAEL Group solar SPVs assigned higher ratings by Crisil

Crisil Ratings has assigned higher ratings to five special purpose vehicles (SPVs) of SAEL Industries Ltd, citing revenue stability, adequate debt coverage metrics, and execution capabilities across SAEL’s solar power generation and PV module manufactu...
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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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Utility equipment shakeup: Sigenergy enters the large-scale segment

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Highlights

Chinese startup claims record-breaking 27.87% efficiency for single-junction perovskite solar cell

Shenzhen-based SolaEon has reported a 27.87% efficiency for a single-junction perovskite solar cell on a 0.076 cm² lab device, certified by China’s National Photovoltaic Industry Metrology and Testing Center.
Installations

UK added 2.6 GW of solar in 2025, record year for rooftop

Deployment hits ten year high in the United Kingdom with connection of largest plant to date and a ramping up of small-scale installations. Government targets accelerated deployment with new support for rooftop installations and ongoing CfD auction.
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Energy Storage

Luminous Power inaugurates 500 MWh lithium-ion battery assembly line at Baddi facility

Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh. This new line is designed to produce standalone lithium-ion battery packs, stationary battery energy storage systems (BESS), and automotiv...
Installations

Sunsure Energy’s Chitrakoot solar plant to supply power to Max Hospital, Noida

Sunsure Energy has started supplying solar power to Max Healthcare Institute’s Super Speciality Hospital in Noida under a long-term power purchase agreement (PPA).
Installations

China adds 315 GW of solar in 2025

China installed a record 315 GW of new solar capacity in 2025, lifting cumulative installed PV capacity to 1.2 TW and pushing non-fossil power sources past thermal generation for the first time.

Markets & Policy

Featured

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.

Stäubli expands Indian manufacturing footprint with $10 million PV connector investment

Swiss electrical connector manufacturer Stäubli has invested $10 million to expand its manufacturing facility in Bangalore, strengthening its presence in India’s fast-growing solar PV market. The expanded site will produce MC4-Evo1 and MC4-Evo2 connectors using fully automated assembly lines to support domestic and global demand.

U.S. authorities find no definitive evidence of hidden devices in Chinese solar inverters

New documents reveal US government found only two cases of communications in Chinese inverters that differed from official documentation. The discrepancies were deemed “non-malicious” and “non-intentional” by investigators.

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.

Analysts warn of possible, sudden silver price fall

pv magazine has spoken with silver analysts from Bloomberg and StoneX about the vertiginous growth of silver prices in recent weeks. They both agree that when prices rise too fast, investors’ behavior may change quickly. Meanwhile, the price of the precious metal has reached another all-time high today at $110 per ounce.

Installations

Featured

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.

KPI Green Energy commences power supply from 200 MW AC solar project in Gujarat

KPI Green Energy Ltd has commenced power generation and supply from its 200 MW AC (240 MW DC) grid-connected solar project awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL). It had secured this IPP project through a competitive bidding process.

NextPower Arabia to supply 2.25 GW of smart trackers to L&T for Bisha solar project

The newly formed NextPower Arabia joint venture has secured an order to supply 2.25 GWp of advanced solar tracking systems for Saudi Arabia’s Bisha solar project, which is being developed by an ACWA Power–led consortium, with Larsen & Toubro (L&T) serving as the execution partner.

REIL tenders 17.5 MW rooftop solar across government buildings in India

Rajasthan Electronics & Instruments Limited (REIL) has invited bids for the installation of 17.5 MWp of grid-connected rooftop solar power capacity under RESCO model across government, semi-government, and autonomous body buildings in multiple Indian states and union territories.

India requires $145 billion in annual energy investment to bridge growth and climate targets 

India must mobilise around $145 billion in annual energy investment to sustain economic growth while pushing its net-zero ambitions. The bulk of this capital will be directed toward scaling up renewable power generation, grid infrastructure modernization, and energy storage, according to Wood Mackenzie.

Kosol Energie signs 360 MW Hoymiles microinverter deal for Andhra Pradesh residential rooftop solar projects

Kosol Energie has finalized a 360 MW microinverter supply agreement with Hoymiles Power Electronics Inc. for residential rooftop solar projects to be deployed across Andhra Pradesh.

Technology

Featured

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.

India’s transition to green steel is expected to be gradual, driven by renewables in the near term: ICRA

ICRA expects the Indian steel industry’s decarbonization to be gradual, with near-term emission reductions driven mainly by higher adoption of renewable energy and improvements in operational efficiency, as high costs and technology constraints limit faster decarbonization.

Chinese scientists build 31.13%-efficient perovskite-silicon tandem solar cell via 2D seeding agent

Researchers in China developed a novel two dimensional (2D) seeding agent to regulate crystallization in a 1.80-eV wide-bandgap perovskite film. A perovskite-silicon tandem device made with the resulting optimized subcell achieved an efficiency of 31.13%, outperforming a control device.

New Delhi to host Bharat Electricity Summit 2026 from 19–22 March

The four-day Summit will focus on the entire power value chain, including power generation (with emphasis on clean energy systems such as solar, wind, hydro, green hydrogen, etc.), transmission and distribution, energy storage, and energy efficiency solutions.

Manufacturing

Featured

Oswal Greenzo Energies secures India’s first port-based 5 MW green hydrogen project at Deendayal Port, Kandla

Oswal Greenzo Energies, a joint venture between Oswal Energies Ltd and Greenzo Energy India Ltd, has been awarded a contract for the design, supply, installation, testing, and commissioning of a 5 MW green hydrogen plant at Deendayal Port, Kandla. The facility will be India’s first green hydrogen plant located at a major port, positioning Deendayal Port as an early mover in maritime decarbonisation.

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.

Scientists design low-cost sodium-ion battery with cheap electrode materials

Conceived for stationary energy storage, the proposed sodium-ion battery configuration relies on an P2-type cathode material and an hard carbon anode material that reportedly ensure full-cell performance. Electrochemical testing revealed initial capacities of 200 mAh/g for the cathode and 360 mAh/g for the anode with capacity retentions of 42% and 67.4% after 100 cycles.

China TOPCon solar module prices climb over 30% since mid-December

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.

China PV module prices expected to hit $0.12/W in H2

China’s PV module prices are expected to hover around $0.12/W in the second half of 2026 as the removal of export VAT rebates, front-loaded demand, and persistent oversupply keep market sentiment volatile.

‘An immediate transition to copper is technically and economically feasible’

With silver prices rising, more large solar manufacturers are expected to switch to copper for cell metallization. Radovan Kopecek of ISC Konstanz tells pv magazine that he expects the entire industry to follow. Ning Song of the University of New South Wales says a small efficiency tradeoff may be acceptable if the cost savings are significant and do not introduce new reliability risks.

Energy Storage

Featured

EU installs 27.1 GWh of battery storage in 2025 as utility scale leads

The European Union added 27.1 GWh of battery energy storage capacity in 2025, with utility-scale systems accounting for the majority of new installations as residential storage declined amid lower electricity prices and reduced support schemes, according to a new report from SolarPower Europe.

World’s largest compressed-air storage plant switched on in China

New 2.4 GWh adiabatic compressed air energy storage (CAES) plant now operational in in Jiangsu province. The large-scale CAES uses molten salt and pressurized thermal water storage to achieve high efficiency, with power generated through two 300 MW units.

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.

Juniper Green Energy fully commissions India’s first merchant battery energy storage system

Of the 100 MWh battery energy storage system (BESS), 60 MWh was commissioned in Dec. 2025 and the remaining 40 MWh on Jan. 23, 2026.

IndiGrid raises INR 1,500 crore through institutional placement

India’s first and largest publicly listed power sector Infrastructure Investment Trust (InvIT), IndiGrid, has successfully raised INR 1,500 crore through an institutional placement (IP). The placement was oversubscribed by around two times and saw strong participation from both domestic and global institutional investors.

China completes first full-scale underwater pumped storage trial at 65 m depth

DEC’s “Dongchu No. 1” prototype completed more than 100 charge-discharge cycles at 65 meters depth in a freshwater lake.

Opinion & Analysis

Featured

Why end-to-end solar manufacturing is India’s competitive edge

End-to-end solar manufacturing is the bridge that will reduce import reliance, stabilize costs, strengthen supply chains, support exports, and help India move confidently toward its 500 GW renewable energy goal. With the right investments and a continued focus on innovation, India is positioned not just to participate in the solar revolution, but to help shape it.

European PV market faces potential 2026 price shock from China export tax

China’s PV manufacturing sector is operating at full capacity ahead of an April 1 export tax change, contributing to module price increases of 20% to 30% in parts of the supply chain and raising risks for price-sensitive European commercial and utility-scale projects in early 2026.

Why India’s digital future will be built at the edge

The centralized cloud model is now under strain. India alone is estimated to have reached roughly 2,070 MW of data center capacity by the end of 2025, up from about 1,255 MW in 2024, driven by AI adoption, 5G rollout, and video led consumption, even as power, land, and network constraints become more visible. At the same time, global data center markets are grappling with power constraints, rising energy costs, and land limitations, making the continued expansion of a few large hubs increasingly inefficient.

Energy storage for homes: Why hybrid inverter systems will lead the next phase of solar growth

Energy storage for homes—anchored by hybrid inverter systems—will lead the next phase of solar growth in India. Not as an upgrade, but as a necessity for a nation building toward energy independence by 2047.

Australia betting on new ‘strategic reserve’ to loosen China’s grip on critical minerals

The federal government has unveiled new details of its plan to create a $1.2 billion critical mineral reserve. Three minerals will initially be the focus: antimony, gallium and rare earths (a group of 17 different elements).

Solar modules under pressure: The growing risk of spontaneous glass breakage

Once considered isolated incidents, spontaneous glass breakages in solar modules are becoming more frequent, highlighting the limits of some manufacturing choices and the need for closer quality control.

Press Releases

MaxVolt Energy Launches ‘MaxVolt ReEarth’ to Drive Circular Economy Through India’s End- to-End Lithium Battery Recycling Ecosystem

MaxVolt Energy, one of the leading players in the global production of Lithium Batteries as well as providers of clean energy solutions, recently made an important foray into the growing market for Lithium Battery Recycling in India with the establishment of a subsidiary, ‘MaxVolt ReEarth’.

Minimal Impact of Governance in ESG Factors on Credit in 2025

India Ratings and Research (Ind-Ra) opines governance (G) factors led, even as the overall impact of Environmental (E), Social (S), and G factors on credits was minimal across the 338 issuers rated/reviewed in 2025. Eight entities had a G factor which was ‘Relevant’, followed by three for E factors and none for S factors.

India Energy Week 2026 opens with call for investment, partnerships and action in global energy transition

India Energy Week 2026 commenced today with keynote addresses by Union Minister for Petroleum and Natural Gas, Hon’ble Hardeep Singh Puri, Hon’ble Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates and Managing Director and Group CEO of ADNOC, and a welcome address Hon’ble Chief Minister of Goa, Pramod Sawant.

Scope 3 emission disclosures up ~59% in reporting companies as ESG data maturity improves: ICRA ESG

The study analyses Scope 3 emissions reporting trends among India’s top 200 listed companies, covering manufacturing and service sector companies. Upstream categories continue to dominate reporting, while downstream disclosures remain limited due to complexity and visibility challenges.

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