Asia

The clean energy transition carries a real risk of replicating the extractive habits of the fossil fuel era, just with different inputs. Land grabs for solar. Rare earth mining for batteries. Water consumption for green hydrogen. None of these are arguments against the transition. They are arguments for doing it intelligently. Floating solar is one example of that intelligence made practical.

State that aligns policies—and target specific segments of the EV and battery value chain—based on their comparative advantage, can better attract investments, deepen local value addition and create integrated manufacturing ecosystems.

Indian solar manufacturer Saatvik Green Energy has acquired an 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer manufacturer. The acquisition gives Saatvik a manufacturing footprint in power transmission equipment, a segment linked to India’s renewable energy expansion.

As the energy-generating capacity scales up, it becomes critical to integrate intelligent embedded control and connectivity solutions. With a concerted effort to utilize the advances in power electronics and connectivity solutions, it is possible to achieve self-reliant, environmentally friendly, and efficient energy systems that can power a nation.

Sterling and Wilson Renewable Energy Ltd (SWREL) has reported consolidated revenue from operations of INR 7,548 crore for FY2026, its highest since listing.

Madhav Infra Projects Ltd has secured nine power purchase agreements (PPAs) with Madhya Pradesh Power Management Co. Ltd (MPPMCL) for a cumulative solar capacity of 73.15 MW.

Hindustan Power, an integrated energy company in India, has secured a 100 MW AC solar power project from Punjab State Power Corp. Ltd. The project, to be developed in Punjab, will require installation of around 140–150 MWp of solar capacity.

ReNew, a Nasdaq-listed renewable energy company, will break ground today on its 6 GW solar ingot and wafer manufacturing facility in Andhra Pradesh. Chief Minister N. Chandrababu Naidu will lay the foundation stone at the project site in Anakapalli district.

The communities that engage earliest with the clean energy transition benefit most deeply from it. But community engagement does not happen automatically. It requires deliberate investment in workforce development, accessible training, and policies that channel economic benefit back to the localities where energy is generated.

Solidus Techno Power has commissioned a 40 MW AC (60 MWp) solar project in Punjab under the state’s open access policy for captive consumption by commercial and industrial (C&I) customers.