Asia

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.

Waaree Energies’ advanced solar cell manufacturing facility located at Degam, Chikhli, Navsari (Gujarat) has been ALMM enlisted with a total approved capacity of 5.25 GW per annum. This includes 3,923 MW of n-type TOPCon cells and 1,328 MW of p-type PERC bifacial cells.

RenewSys has secured an order to supply its latest-generation POE (polyolefin elastomer) encapsulants to ICON Solaren, supporting the production of high-efficiency solar modules. POE delivery is scheduled between January 2026 and April 2026.

SJVN Green Energy Ltd. (SGEL) has commenced commercial operations of an additional 100.56 MW under its 1,000 MW Bikaner solar power project. With this, the project’s cumulative commissioned capacity has reached 830.70 MW, with the remaining capacity expected to come online soon.

Maxeon has filed a lawsuit in Germany claiming Aiko Solar, and four of its German product distributors, breached a patent related to its back contact solar technology. It is the third such lawsuit Maxeon has opened against Aiko.

Tata Group is developing two 50 MW solar power plants in Bundelkhand and Prayagraj, along with rooftop solar projects across several districts in Uttar Pradesh. Aligned with Uttar Pradesh’s EV subsidy policy, the Group is exploring opportunities to set up dedicated electric vehicle manufacturing facilities in the State.

A new report by KPMG outlines strategies to enhance resilience and competitiveness in India’s electric vehicle (EV) ecosystem amid sharply rising demand for critical raw materials such as lithium, nickel, cobalt, and rare earth elements.

Market trends suggest battery energy storage systems (BESS) will likely operate 1.5 cycles per day, bringing the effective storage cost down to just INR 2.8/kWh (0.031/kWh), the Ministry said on Monday.

Onix Solar will design, manufacture, and supply 193,550 non-DCR TOPCon 620 Wp solar modules for the Vikran project.

Kosol Energie has announced a collaboration with Mafatlal Industries Ltd (MIL) for the installation of a 4 MWp (DC) ground-mounted solar photovoltaic (PV) power plant at its Nadiad unit for captive consumption.