ICRA has reaffirmed its credit ratings for Avaada Electro Ltd (AEL) and assigned ratings for enhanced borrowing limits, factoring in the company’s rapid scale-up in solar manufacturing and continued support from its parent, Avaada Ventures.

With record 40+ GW solar and wind installations (solar: 34.9+ GW, wind: 5.8+GW), 2025 has marked yet another high point in Indian annual renewable capacity additions. The capacity additions have been driven by strong project momentum across all solar segments.

While India has research capabilities across public laboratories and academic institutions in both rare earths and battery recycling, the transition from lab-scale innovation to industrial deployment has been slow. This gap between research and commercial execution continues to limit scale across the critical minerals ecosystem.

Waaree Energies Ltd has appointed Jignesh Rathod as its Chief Executive Officer (CEO), following the recommendation of the Company’s Nomination and Remuneration Committee and approval by the Board of Directors.

India is moving decisively beyond capacity addition toward system-level maturity. Expanded transmission planning, a more diversified energy mix and better regulatory clarity signal a market design that is becoming ever more dynamic and future ready.

Research commissioned by the UK government finds rooftop solar panels can significantly influence fire behavior, particularly when the height gap between modules and the roof surface falls below critical limits.

KLK Ventures has secured an order for the deployment of 1,000 solar water pumping systems across Maharashtra under the Government of India’s PM KUSUM Yojana.

The newly commissioned capacity comprises 100 MW of solar power, 176 MW of hybrid RE capacity, and 31.4 MW of wind power.

UK-based GlobalData says Taiwan is on course to more than double its current solar capacity by the end of 2035.

Mahindra Susten has commissioned 560 MWp of utility-scale solar capacity in calendar year 2025 across two projects—280 MWp in Gujarat and 280 MWp in Rajasthan.

The Chinese manufacturer said its 2-terminal 34.76%-efficient perovskite-silicon tandem lab-scale cell is based on heterojunction technology and developed by a collaboration of Solarlab Aiko Europe, Aiko headquarters, and its R&D in Yuwi, China.

The Centre of Excellence, operated from the campus of IIT Kanpur and HBTU Kanpur, will prioritize research and development focused on green hydrogen production, storage, transportation, safety standards, testing, demonstrations, and industrial use. Special emphasis will be on applied research and technological solutions for industries such as refineries, fertilizers, transportation, manufacturing, and energy systems.

The largest area of green financing is energy-efficient machinery, which supports MSMEs in modernising production lines and reducing operational energy consumption. Significant capital is also being channelled into rooftop solar installations, electric vehicles, and enterprises operating in the water, sanitation, and hygiene (WASH) sectors, across clusters such as manufacturing, healthcare, and food processing.

Solex Energy Ltd has signed a non-binding Memorandum of Understanding (MoU) with Malaysia-based automation technology company TT Vision Holdings Berhad to collaborate on advancing solar manufacturing automation, engineering excellence, and talent development in India.

Researchers at India’s MIT World Peace University (MIT-WPU) have developed a Liquid Organic Hydrogen Carrier (LOHC) system capable of transporting hydrogen in a stable liquid form that is non-flammable, non-explosive, and manageable at normal temperatures and pressures. This breakthrough removes one of the biggest barriers slowing the widespread adoption of hydrogen in India.

Wood Mackenzie’s first-half 2025 solar module ranking places JA Solar and Trina Solar jointly at No. 1 and introduces a new “Grade A” benchmark aimed at procurement and project finance decisions.

Insolation Energy Ltd (INA Solar) reported consolidated provisional sales of INR 1,346.81 crore for the nine months ended Dec. 31, 2025, surpassing its total sales for the entire previous financial year. The company also recorded its highest-ever monthly sales of INR 354.59 crore in Dec. 2025.

Waaree Energies Ltd has secured a major order for the supply of 1.5 GW of solar modules and commenced production from its newly installed PV inverter manufacturing lines.

China’s top wafer makers raised prices on key n-type formats, signaling potential module price rises toward CNY 1 ($0.14)/W in 2026 amid efforts to curb loss-making competition.

Premier Energies Ltd, a Hyderabad-based solar cell and module manufacturer and EPC services provider, today announced that it has secured new orders aggregating to INR 2,307.30 crore during Q3 FY26.

Lineage Power will supply and deploy 25,000 advanced lithium-ion battery modules with a capacity of 100 Ah/48V, along with 2,500 high-durability IP55-rated racks. Each rack will be designed to house eight battery modules. These systems are intended to deliver high-efficiency energy storage to support BSNL’s telecom network infrastructure.

The Indian Ministry of Power has ordered all battery energy storage system (BESS) projects supported under the viability gap funding (VGF) scheme to meet a minimum 20% local content threshold, aiming to boost domestic manufacturing and innovation.

Hindustan Power secured nearly 1 GW of solar capacity and over 750 MWh of energy storage projects in 2025, significantly strengthening its renewable energy portfolio as it targets 5 GW capacity by 2028.

The US state of Massachusetts has selected four battery projects totaling 1.3 GW under its first major procurement round to meet a statutory target of 5 GW of energy storage by 2030.

India’s battery storage landscape is undergoing a decisive transformation in 2025. Across utilities, regulators, and developers, BESS has moved beyond early-stage exploration and is increasingly recognized as an essential component for grid stability, renewable integration, and long-term energy planning.

Tier-2 and Tier-3 cities are no longer behind in the solar journey, they are becoming the main growth drivers. With better government support, easier net-metering rules, and more awareness about savings, people in smaller cities are now ready for rooftop solar in a big way.

Market pressure in the solar and storage sectors often favors low-cost solutions, but long-term success depends on balancing price, quality, and reliability for assets designed to operate for decades. Numerous examples, from low-grade silicon modules to residential hydrogen and redox flow storage, show how technically ambitious products can fail when costs, complexity, or durability are misjudged.

The IUCN’s updated Global Standard, growing debate on finance, and stronger emphasis on rights and monitoring mark a transition from hopeful experimentation to disciplined scaling. If the next year invests in credibility and the scaffolding that turns pilots into pipelines, Nature-based Solutions could finally become a practical pillar of climate, biodiversity and development strategies worldwide.

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.

The EPC organisations that choose to lead across both the energy transition and digital infrastructure will not simply respond to the coming decades of change, they will shape them.