Asia

Waaree Energies has reported revenue from operations of INR 26,536.77 crore for FY 2026, an increase of 83.72% year-on-year. Profit after tax for the year grew 101.45% YoY to INR 3,884.15 crore

India’s renewable energy push is inherently decentralized. Solar parks in Rajasthan, wind farms in Gujarat and Tamil Nadu, and hybrid projects across states are often located far from consumption centers. Bridging these geographical gaps requires robust, resilient, and future ready transmission network. Without it, even the most ambitious generation targets risk underutilization.

The divestment, already partially secured via escrow, reflects regulatory pressure from U.S. FEOC policy changes. Boviet Solar also continues negotiations to sell a separate U.S. cell project.

AmpereHour Energy has partnered with Organo Eco Habitats to deploy a centralised battery energy storage system (BESS) at the Organo Antharam residential community in Hyderabad, marking a significant step in scaling integrated solar PV and storage at the community level. 

Clean energy subsidies for renewable energy and electric vehicles (EVs) represent only 10% of India’s total energy subsidies. Though gradually expanding, these remain vulnerable to global oil price shocks due to structural fiscal dependence on oil and gas revenues. 

Emmvee Photovoltaic Power, an integrated solar PV cell and module manufacturer, has reported revenue from operations of INR 5,050 crore for FY2026, up 116% year on year. Profit after tax (PAT) rose 193% to INR 1,082 crore.

The Solar Energy Corp. of India (SECI) has invited proposals to set up interstate transmission system (ISTS)-connected renewable energy projects for assured peak supply of 1,500 MWh (500 MW × 3 hours) under a Contract for Difference (CfD) mechanism.

A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) highlights a widening gap between the headline climate commitments made by India’s major steel companies and their actual progress in building the operational, technological, and financial infrastructure required to meet their decarbonisation ambitions. This gap risks locking in emissions-intensive technologies for decades, slowing progress towards net zero and undermining the sector’s long-term competitiveness.

AMPIN Energy Transition has commissioned a 60 MWp group captive open access solar project in Kantabanji, marking Odisha’s first such installation under the Odisha Renewable Energy Policy 2022.

Indian solar manufacturer Websol Energy System Ltd has reported total income of INR 1,059.31 crore in FY 2026, compared to INR 577.43 crore in the previous fiscal year. Profit after tax rose 96% year-on-year to INR 303 crore in FY 2026, from INR 154.74 crore in FY 2025.