Asia

Shakti Pumps (India) Ltd has received a Letter of Empanelment from Maharashtra State Electricity Distribution Co. Ltd for the deployment of 6,580 off-grid solar PV water pumping systems under the Magel Tyala Saur Krushi Pump Yojana in the state of Maharashtra. The systems will include pumps of 3 HP, 5 HP, and 7.5 HP capacities.

Advait Energy Transitions has incorporated three wholly owned subsidiaries focused on battery storage, carbon advisory, and power generation. The newly formed entities—Advait Battery Ecosystems, Advait Carbon Advisory & Renewables Assets, and Advait Unified Renewable Assets—expand the company’s presence across the clean energy value chain, from BESS manufacturing to carbon advisory and asset ownership.

Korea Rural Community Corp. (KRC) says it plans to increase floating solar capacity on agricultural reservoirs to 3 GW by 2030, from 105 MW currently in operation.

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.