Waaree-Backed Solfin enters co-lending tie-up with Japanese Financial Institution
Solfin Sustainable Finance, a solar-focused non-banking finance company (NBFC) backed by Waaree, and Japanese Financial Institution, have entered co-lending partnership to provide working capital finance to solar panel dealers and rooftop solar finance to end consumers.
AMPIN Energy Transition commissions 50 MWp solar plant in Chhattisgarh
The solar plant, completed in a record time of nine months, is supplying clean energy to Texmaco Rail & Engineering Ltd.
India installed 2.8 GW of rooftop solar in H1 2025, up 155% YoY
India added 2.8 GW of rooftop solar capacity in the first half (January–June) of calendar year 2025, marking a 155% year-over-year increase compared to the 1.1 GW installed during the same period in 2024, according to Mercom India’s newly released Q2 2025 India Rooftop Solar Market Report.
RenewSys signs 370 MW EPE encapsulant supply deal with Pahal Solar
RenewSys has secured an order with Pahal Solar to supply high-performance EPE (ethylene propylene elastomer) encapsulants for 370 MW of solar panels.
SolarSquare crosses 250 MW milestone in rooftop solar installations
SolarSquare has installed more than 250 MW of rooftop solar capacity, including about 100 MW in the residential sector and 150 MW commercial and industrial.
Credence Solar to unveil 18-busbar 730 Wp bifacial module at RE+ 2025
India’s Credence Solar is set to unveil its 18-busbar n-type TOPCon bifacial (glass-to-glass) module featuring a power output of 730 Wp with a power tolerance of 0 to +4.99W at RE+ 2025 in Las Vegas.
Building a new solar industry segment
A study conducted by the German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with India-based think tank the Center for Study of Science, Technology and Policy (CSTEP), found that India has the potential for more than 300 GW of building-integrated photovoltaic (BIPV) systems on its existing buildings alone. Moreover, according to a World Bank report, 70% of the buildings India will need to become a developed nation by 2047 are yet to be constructed, underscoring the vast future potential for BIPV systems in the country.
Ashok Leyland to enter battery manufacturing
Ashok Leyland will develop and manufacture batteries for EVs and energy storage systems in partnership with China’s CALB Group.
Saatvik Green secures LoA from MSEDCL for 1,500 solar water pumps in Maharashtra
Saatvik Green Energy Ltd has received Letter of Award (LoA) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for installation of 1,500 solar water pumping systems under the Magel Tyala Saur Krishi Pump Yojana (component B of PM Kusum Scheme).
GH2 Solar to set up electrolyzer factory in joint venture with Korea’s AHES Ltd
GH2 Solar Ltd will establish a green hydrogen electrolyzer manufacturing facility in Gwalior, Madhya Pradesh, through a joint venture with South Korea-based Advanced Hydrogen Energy Solutions (AHES) Ltd.
