Asia

Waaree Solar Americas has entered into a binding term sheet with United Solar Holding Inc. (USH), a Cayman Islands-based company, to invest around $30 million through the subscription of Series B preferred shares. The investment is a strategic move by Waaree to secure a long-term, fully traceable polysilicon supply chain to support its rapidly expanding manufacturing footprint in the U.S. and globally.

Trincomalee Power Co. Ltd (TPCL), a 50:50 joint venture between Sri Lanka’s Ceylon Electricity Board and India’s NTPC Ltd, has invited bids for the EPC package of a 50 MW (AC), Phase I ground-mounted solar project at Sampoor, Sri Lanka, while NTPC Green Energy Ltd. (NGEL) has floated a separate tender for an EPC package with land to develop cumulative 100 MW agri-PV projects across four Indian states.

Solar PV capacity addition is led by Rajasthan, which accounts for 27% (36 GW) of the cumulative installed capacity. Gujarat ranks second with 24.8 GW, followed by Maharashtra with 17.2 GW. Together, these three states account for over 58% of India’s total installed solar capacity.

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.

GEON, part of the 60-year-old Kabra Extrusion Technik Group, has launched GELITHIUM, an all-in-one power backup system that integrates a pure sinewave inverter with an inbuilt lithium-ion battery. GELITHIUM is available in 1,250 VA and 2,500 VA variants, with 12.8V/100Ah and 25.6V/100Ah lithium batteries, respectively.

Waaree Energies will manufacture and supply 300 MW of high-efficiency G12R TOPCon dual-glass bifacial modules for Sembcorp’s large-scale solar projects in Rajasthan.

NTPC has announced the commercial operation of 359.58 MW of solar capacity across projects of its subsidiaries in Gujarat and Rajasthan, taking the Group’s total commercial capacity to 85.5 GW+.

Bhutan’s authorities are seeking a developer to design, supply, install, test and commission a 120 MW solar farm. The deadline for applications is Jan. 26, 2026.

KP Group has signed a memorandum of understanding with the Government of Botswana for the development of 5 GW of renewable energy and power infrastructure projects.

Tata Power estimates domestic solar ingot and wafer demand to exceed 50 GW by 2030, driven by the rapid expansion of solar cell and module manufacturing. The planned 10 GW ingot and wafer facility is a strategic investment aimed at securing raw material supply for its own manufacturing operations, while also supplying wafers to other cell and module manufacturers.