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.

Candi Solar, a provider of distributed solar solutions for commercial and industrial (C&I) businesses, has secured $58.5 million in funding led by the International Finance Corp. (IFC), a member of the World Bank Group. The facility will directly finance nearly 200 MWp of new projects.

Modern wind turbines and solar plants generate large volumes of operational data. By leveraging analytics, inefficiencies can be identified, performance assessed in real-time, and emerging issues addressed before they escalate. A dynamic operations and maintenance (O&M) support system builds on this intelligence to provide a strong grip on performance levels while minimising downtime.

The country’s planned steel capacity expansion presents an opportunity to adopt cleaner technologies if supported by the right financing pathways.  

As renewable capacity rises, the question is no longer whether India can generate green power. The real challenge is whether the grid can absorb it smoothly and deliver it reliably when people actually need it. This is where battery energy storage systems (BESS) are increasingly seen not as a luxury but as a core part of grid planning.

Bondada Engineering Ltd has announced the successful commissioning of 48.47 MWp of solar power projects for Paradigm IT, MAHAGENCO, and NLC India Ltd.

India added 6.1 GW of open-access (off-site commercial and industrial) solar capacity in the first nine months (9M) of calendar year (CY) 2025, up around 13% from the 5.4 GW installed during 9M 2024—according to a new report by Mercom.

A consortium led by Acwa Power, Water and Electricity Holding Co. (Badeel) and Saudi Aramco Power Co. has secured a $5.9 billion senior debt facility for seven Saudi Arabia renewable energy projects totaling 15 GW across solar and wind.

With the recent commissioning of 200 MW of solar plants, Adani Green Energy Ltd’s (AGEL) total operational renewable generation capacity has increased to 16,929.8 MW.

Sterling and Wilson Renewable Energy Group has entered into a strategic 5-year partnership framework agreement with Adani Green Energy for their future India RE rollout. Under the agreement, it has secured a Balance of System (BoS) package for three solar power projects at Khavda.

Researchers at Nanyang Technological University have demonstrated a method to integrate chemically inert low-dimensional interface materials into the fabrication of inverted perovskite solar cells. Their prototype solar cells retained over 93% of the initial power conversion efficiency of 25.1% after 1,000 hours of operation, and 98% after 1,100 hours at 85 C.

A 2 MW solar park in Wallonia, Belgium, will rely 50 kW of hydrogen-producing solar modules developed by Solhyd, a spin-off from KU Lueven. The installation will be the first demonstration of Solhyd’s technology at a commercially-relevant scale.

Elon Musk says a constellation of solar-powered artificial intelligence satellites could regulate the planet’s energy balance and limit global warming.

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.

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.

JinkoSolar says it has increased the efficiency rating for its perovskite-silicon tandem solar cells from 34.22% to 34.76%, confirmed by China’s National PV Metric & Testing Center (NPVM).

Emmvee Photovoltaic Power has reported that its consolidated revenue for the first half of FY 2026 surged 193.5% year-on-year to INR 2,159 crore. Profit after tax (PAT) for H1 jumped 578.6% to INR 425.5 crore.

The solar module deliveries are scheduled for the financial years 2025–26 and 2026–27.

A report from the International Renewable Energy Agency (IRENA) notes that while it is still uncertain whether sodium-ion batteries will become a disruptive alternative to lithium-ion technology, they could offer significant cost-saving opportunities in applications such as electric vehicles and large-scale energy storage.

NLC India has launched a tender for procurement of 579.74 MWp PV modules for its upcoming 810 MW solar power project in the RVUN Solar Park at Pugal, Bikaner, Rajasthan.

NTPC has developed a standalone solar microgrid system that uses hydrogen as the storage medium to deliver 200 kW of round-the-clock power year-round. Designed to replace diesel gensets at off-grid Army locations, the system provides a reliable and sustainable power supply even in harsh winter conditions, where temperatures drop to -40°C at an altitude of 4,500 meters. 

Around 92% of the required investments—about $3.79 trillion—would flow into the energy transition, spanning renewable energy, storage, clean mobility, and green hydrogen.

Scientists in Ghana have developed a device that combines a conventional solar PV-powered steam cooker with sand-based thermal energy storage. The system can achieve a thermal efficiency of 38.9% and has a payback period of 4.5 years.

Lineage Power will supply battery energy storage systems to Larsen & Toubro for its project with Bihar State Power Generation Co. Ltd in Kajra.

Waaree Group has secured a 10 MWh battery energy storage system (BESS) order from a major infrastructure development company. The BESS will be deployed in Tamil Nadu.

India’s energy story has moved beyond ambition to acceleration. Between April and August 2025, a 123 percent YoY jump in renewable energy capacity additions is not just a headline, it’s a signal of structural maturity, industrial resilience, and policy coherence. If the country sustains this trajectory through FY26 and FY27, it could well emerge as the world’s third-largest market for renewable deployment, behind only China and the United States.

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.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that India’s solar generation potential was significantly hampered during September and October due to an intensified southwest monsoon, resulting in a 15% decrease in irradiance compared to the long-term average.

Green hydrogen is not just an energy alternative, it’s an industrial revolution in motion. For India’s steel industry, it offers a chance to rewrite the script: from being one of the largest emitters to becoming a global model for sustainable growth.

India’s journey toward electric mobility is not just about reconnecting with a global trend, it’s a movement rooted in the spirit of Aatmanirbhar Bharat and Make in India. What makes our transition extraordinary isn’t just the scale, but the fact that we’re building this transformation from the ground up.