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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.
Highlights

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.
Highlights

KPI Green Energy commissions first 24.2 MW of 250 MW GUVNL solar project

KPI Green Energy Ltd has announced the commissioning of the first 24.2 MW AC (34.4 MW DC) of its 250 MW AC (350 MW DC) grid-connected solar independent power producer (IPP) project awarded by Gujarat Urja Vikas Nigam Ltd (GUVNL), well ahead of the schedu...
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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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Join our ticketed webinar for an in-depth look at the evolving solar module pricing landscape. Discover pricing trends, supplier risks, and contract strategies to help you purchase smarter, negotiate effectively, and strengthen your PV projects.Webinar+ Global Jan 28

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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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Webinar+ | The Solar Module Market Playbook: managing pricing, risks, and other procurement challenges

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Utility equipment shakeup: Sigenergy enters the large-scale segment

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Navigating C&I solar and storage from concept to commissioning

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Markets & Policy

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 stro...
Highlights

French scientists discover new UV-induced degradation pathways in heterojunction solar cells

Scientists from French research institute CEA-Liten have identified hydrogen migration in doped selective layers as the primary driver of UV-induced degradation in silicon heterojunction solar cells. They have also found that combined light and thermal l...
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Highlights

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.
Highlights

Saatvik Green secures INR 10.15 crore solar module supply orders

Saatvik Green Energy's arm Saatvik Solar Industries has received and accepted solar PV module supply orders worth INR 10.15 crore. The orders are scheduled for execution by February 2026.
Highlights

IPO-bound SAEL commissions 1 GWp solar project at Khavda Renewable Energy Park

The solar plant, spanning 3,600 acres at Khavda Renewable Energy Park, Gujarat, is backed by 25-year power purchase agreements with Gujarat Urja Vikas Nigam Ltd.

Markets & Policy

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.

UK to spend $20 billion on home energy upgrades, mandatory PV for new homes

Cash grants and state-backed loans to support solar and battery storage installations in millions of UK homes as part of government Warm Homes Plan. UK government says investment has the potential to triple the number of homes with rooftop solar by 2030.

India’s PLI scheme achieves just 2.8% of targeted 50 GWh battery manufacturing capacity so far

Despite strong industry interest, India’s Advanced Chemistry Cell Production Linked Incentive (ACC PLI) scheme, launched in October 2021, is yet to translate policy ambition into realised capacity. As of October 2025, only 2.8% (1.4 GWh) of the targeted 50 GWh capacity has been commissioned within the stipulated timeline, entirely by Ola Electric—according to a new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA).

Global solar corporate funding reached $22.2 billion in 2025

While global solar corporate funding in 2025 fell to the lowest level recorded since 2020, deal count rose to its highest level since 2017. Mercom Capital Group says investors favored smaller, lower-risk, execution-ready projects last year amid policy uncertainty, trade pressures and higher financing costs.

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.

Distributed solar platform Aerem raises $15 million in SMBC-led funding round

Aerem Solutions, an end-to-end platform for distributed solar, has raised $15 million in a Pre-Series B funding round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corp. (SMBC).

Installations

Featured

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.

Waaree Energies posts record quarterly results

Waaree Energies Ltd reported revenue from operations of INR 7,565.05 crore in the third quarter of fiscal year 2026, marking a year-on-year increase of 118.81%. Profit after tax (PAT), after accounting for exceptional items, surged 118.35% YoY to INR 1,106.79 crore.

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.

AM Group to set up 1 GW AI compute facility backed by round-the-clock renewable power supply in Uttar Pradesh

AM Group has signed a memorandum of understanding (MoU) with Invest UP, the Government of Uttar Pradesh, to develop a 1 GW high-performance computing (HPC) hub, backed by renewable energy, to serve global AI workloads. The project will entail an investment of around $25 billion.

Rays Power Infra secures INR 1,912 crore renewable energy project

Rays Power Infra Ltd has secured a 300 MW renewable energy project worth INR 1,912 crore from a state-owned company. Following this award, the company’s total order book stands at over INR 8,000 crore.

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.

Technology

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.

Smart grids, smarter solar: Preparing India’s grid for high renewable penetration 

Smart grids represent a fundamental shift in how electricity networks are planned and operated. By leveraging digital technologies, real-time communication, and automation, smart grids enable utilities to respond dynamically to changing grid conditions. For India, this transformation is critical to maintaining reliability while integrating large volumes of solar and wind power. 

Grid-forming inverters significantly enhance grid stability, national lab finds

The Kauaʻi Island Utility Cooperative in Hawaii, which deployed storage before grid-forming inverters became available, became a test case for diagnosing grid issues that can arise with older grid-following inverters, and how grid-forming inverters can stabilize a grid.

Uniper, AM Green sign long-term offtake agreement for up to 500,000 tons per year of renewable ammonia from India

Uniper has signed the agreement to offtake up to 500,000 tons per year from AM Green’s green ammonia projects. The first shipment is expected to happen as early as 2028 from AM Green Ammonia’s first 1 million ton per annum (MTPA) under construction plant in Kakinada, Andhra Pradesh.

India’s smart metering boom: How decentralized IoT is reinventing the power grid

The Indian power system is evolving faster than most global peers. Electricity demand is rising. Rooftop solar, electric mobility, and distributed generation are accelerating. The grid, once designed for predictable one-direction flows, is becoming a dynamic, decentralised organism. To manage it, India requires data that is just as distributed as the energy sources feeding the system. This is where decentralised RF mesh networks have begun to play an important role.

Manufacturing

Featured

Indian startup Meine Electric raises $750,000 for iron–air long-duration energy storage

Indian energy storage startup Meine Electric has raised $750,000 (INR 6.7 crore) in a pre-seed funding round to support its transition from laboratory-scale prototypes to pilot-ready iron–air battery systems.

Fujiyama Power Systems commissions 1 GW solar cell manufacturing plant at Dadri, Uttar Pradesh

Fujiyama Power Systems Ltd has commenced production at its 1 GW solar cell manufacturing plant in Dadri, Uttar Pradesh. The newly commissioned facility will cater entirely to captive consumption, strengthening the company’s backward integration and supply-chain security.

More PV manufacturers expected to adopt copper metallization in 2026

Rising silver prices are pushing PV manufacturers toward copper-based metallization, with DK Electronic Materials targeting 2026 for large-scale deployment of high-copper paste solutions, while Fraunhofer ISE warns efficiency trade-offs remain unacceptable.

Omani polysilicon factory reaches financial close

United Solar Holding has secured more than $900 million to complete the financing required for its 100,000 MT polysilicon manufacturing facility in Oman. Production is expected to begin during the first quarter of this year.

ChemVolt Global announces 5 GWh lithium-ion cell manufacturing project in Andhra Pradesh

Kuldeep Gupta-led ChemVolt Global has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh to establish a 5 GWh lithium-ion cell manufacturing gigafactory in the state, with a planned investment of INR 2,500 crore.

EU to ban Chinese inverters? – Commission proposal in Cybersecurity mulls ‘high-risk vendors-list’

The European Commission is revising its Cybersecurity Act. While presenting the proposals in European Parliament, the commission’s Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said dependency on a very limited number of solar inverter suppliers could “pose a significant security risk.”

Energy Storage

Featured

NTPC invites EOI for compressed-air energy storage projects

NTPC has invited Expressions of Interest (EOI) for the development of utility-scale projects for compressed air energy storage, including liquid air energy storage and other advanced compressed air-based long-duration energy storage systems.

Global BESS demand jumps 51% in 2025 as installations top 300 GWh

Iola Hughes, Head of Research at Benchmark Mineral Intelligence, tells ESS News that 2026 is set to be another strong year for BESS, with forecast additions exceeding 450 GWh and no material supply constraints in sight. Meanwhile, the initial impact of rising lithium prices is already visible at the cell level, but the full effect has yet to ripple through to system pricing.

GoodEnough Energy starts production at 7 GWh battery storage factory in Noida

GoodEnough Energy has commissioned a 7 GWh battery energy storage system (BESS) factory in Noida, marking the largest such facility in India. The company plans to expand the facility’s capacity from 7 GWh to over 25 GWh over the next three years.

GCL, Cornex, TBEA to build solar manufacturing complex in Egypt

Egypt’s Kemet has signed three agreements with Chinese companies over the last week, covering plans for a 5 GW solar cell complex, a 5 GWh battery energy storage factory and Egypt’s first solar inverter factory.

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).

Opinion & Analysis

Featured

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.

Compliance premiums lift global polysilicon prices

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.

Scaling solar in harsh terrains

Setting up solar projects in harsh terrains is more than an engineering challenge—it is a test of planning, adaptability, and execution discipline. As India’s solar capacity continues to expand, the next 100 MW of installations will increasingly come from regions where conditions are difficult but potential remains high.

Why sodium-ion can’t yet challenge lithium-ion’s reign

A new generation of sodium-ion (Na-ion) battery cells has been launched as an alternative to the virtual monopoly of lithium-ion (Li-ion). Although the technology is unlikely to displace significant Li-ion market share, recent improvements make Na-ion a viable solution for certain niche applications, with potential for wider usage if cost becomes competitive.

Powering the green shift: How India’s renewable energy workforce evolved in 2025 and what lies ahead in 2026

High solar irradiation, expanding wind corridors, improving transmission infrastructure, and declining storage costs position India to be one of the largest contributors to incremental global renewable capacity additions by 2030. This also strengthens India’s role as a long-term hub for renewable project execution talent.

Why rare earth and advanced materials are critical to India’s next manufacturing leap

Every additional EV, wind turbine, transmission line, or storage system intensifies pressure on supply chains that are already concentrated and geopolitically sensitive. Competing solely on mining is neither sufficient nor sustainable.

Press Releases

SiriNor Unveils 2026 Plans at the Inaugural Global CleanTech Forum on the sidelines of WEF 56th Annual Meeting in Davos

The Indian Norwegian deeptech aerospace startup plans a qualifying UAV test flight in India by Mid 2026~

ABB India launches ‘ArTu Formula’ Low Voltage Switchgear for Smarter, Safer Power Distribution and Control

ABB India today launched its new 'ArTu Formula' Low Voltage Switchgear, a cutting-edge solution designed to deliver superior performance across diverse applications. ArTu Formula addresses the evolving power distribution needs of Industrial Sectors, Critical infrastructure, commercial and residential buildings, with a focus on reliability, efficiency, and innovation.

Ministry of Power to Showcase ‘Prakash Ganga’ Tableau at Republic Day Parade 2026

The Ministry of Power will present its grand tableau titled “Prakash Ganga: Powering an Aatmanirbhar and Viksit Bharat” at the Republic Day Parade on January 26, 2026, showcasing India’s transformative journey in the power sector and its leadership in clean and sustainable energy.

Hindustan Zinc and CIMIC Group Companies join hands to set up India’s First Zinc Tailings Recycling Facility

CIMIC Group companies Sedgman and Leighton Asia awarded EPC and engineering contracts

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