As deployment expands across residential rooftops, commercial and industrial systems, and large-scale ground plants, string inverters are evolving at an unprecedented pace. This article reviews the key technology trends and application developments shaping the market as we move into 2025.
Chhattisgarh State Power Distribution Co. Ltd (CSPDCL) has invited proposals for setting up pilot standalone battery energy storage system (BESS) projects, connected to the state grid, for an aggregate storage capacity of 760 MWh (380 MW x 2 hours).
ACME Solar Holdings has executed a share purchase agreement to acquire 100% equity shares of AK Renewable Infra for an enterprise value of INR 79.25 crore.
The India Energy Storage Alliance (IESA) has welcomed the streamlining of the GST rate for all advanced batteries under heading 8507 to a uniform 18%, replacing the earlier regime where lithium-ion batteries were taxed at 18%, while other chemistries attracted a 28% GST.
Ceigall will set up grid-connected solar power projects at multiple locations across Maharashtra to supply 337 MW of contracted power to Maharashtra State Electricity Distribution Co. Ltd.
With these solar additions, Adani Green Energy Ltd’s total operational renewable generation capacity has swelled to 16,078 MW.
PIXON has announced an expansion of its solar module production capacity by 800 MW, incorporating the latest TOPCon (Tunnel Oxide Passivated Contact) and HJT (Heterojunction) technologies.
GREW Solar, the renewable energy venture of the Ahmedabad-based Chiripal Group, has successfully raised INR 300 crore from a diverse set of investors. The funds will be used to accelerate product development, strengthen technological infrastructure, and drive strategic expansion.
Servotech Renewable Power System has partnered with China-based Zhuhai Piwin New Energy Co. Ltd. (Pilot Group) to manufacture advanced Battery Energy Storage Systems (BESS) in India, with technology support from Zhuhai Piwin.
Vikram Solar has secured an order from L&T Construction to supply 336 MW of its advanced Hypersol G12R modules based on n-type technology. The modules will be deployed at the Khavda Solar Park in Gujarat.
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