Asia

Saatvik Green Energy Ltd’s arm Saatvik Solar Industries has secured an order worth INR 13.80 crore from a private-sector power producer for the supply of solar PV modules. The order is scheduled to be executed by February 2026.

Only around 50% of standalone battery energy storage system (BESS) projects analyzed in India demonstrate positive project economics under modeled assumptions, according to Mercom India Research’s newly released LCOS and Bidding Trends in Indian Energy Storage Projects report. The projects assessed were auctioned between July and November 2025.

Meghmani Organics Ltd has signed an agreement with Pro-Zeal Green Power Fifteen Private Ltd to procure a contracted capacity of 3.30 MW from a wind–solar hybrid (WSH) power project located in the state of Gujarat.

KP Group has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat for the development of 855 MW of renewable energy projects with an investment of around INR 4,000 crore in the state.

Every additional EV, wind turbine, transmission line, or storage system intensifies pressure on supply chains that are already concentrated and geopolitically sensitive. Competing solely on mining is neither sufficient nor sustainable.

Global solar growth is flattening in major markets as oversupply from China and India drives prices down and shifts competition from sheer volume to execution, policy alignment, and system integration. Across the U.S., Europe, and China, energy storage is becoming essential for project viability, making PV-plus-storage and strong EPC partnerships the new basis for winning projects in 2026 and beyond.

Ola Electric has rolled out Ola Shakti, a residential battery energy storage system (BESS), from its gigafactory in the Krishnagiri district of Tamil Nadu. Powered by Ola Electric’s indigenous 4680 Bharat Cells, Ola Shakti is India’s first residential BESS to be fully designed, engineered, and manufactured domestically.

Uniper has signed the agreement to offtake up to 500,000 tons per year from AM Green’s green ammonia projects. The first shipment is expected to happen as early as 2028 from AM Green Ammonia’s first 1 million ton per annum (MTPA) under construction plant in Kakinada, Andhra Pradesh.

Shakti Pumps (India) Ltd has secured an order from Karnataka Renewable Energy Development Ltd (KREDL) for the installation of 16,780 solar PV water pumping systems under Component B of the PM-KUSUM Scheme. The aggregate order value is INR 654.03 crore (inclusive of GST).

RenewSys India has launched CONSERV AUGMENSHEET, a sheet encapsulant for insulation and sealing of busbar and junction box areas in solar modules. Supplied in reel format, the product supports automatic feed-in on fully automated module manufacturing lines, enabling higher productivity and consistent processing for next-generation solar module production.