Asia

Adani Group will deploy a 1,126 MW/3,530 MWh battery energy storage system (BESS) at Khavda, the world’s largest renewable energy plant. This project, entailing deployment of more than 700 BESS containers, will be the largest BESS installation in India and one of the world’s largest single-location BESS deployments.

ReNew Energy Global Plc has reported a total Income (or total revenue) of $898 million for H1 FY26, a 45.7% increase YoY. Net profit surged 83.3% YoY to $110 million, driven by the company’s expanding operational RE capacity and solar manufacturing capacities.

Solex Energy has reported a revenue of INR 4,157 million in the first half of FY26, 51.6% up year-on-year. Profit after tax (PAT) surged 133.2% YoY to INR 305 million.

ReNew Energy Global Plc has secured $331 million from the Asian Development Bank (ADB) to support the development of a 837 MWp wind-solar capacity backed with a 415 MWh battery energy storage system in Andhra Pradesh. This is part of ADB’s $477 million financial package for the project. The balance $146 million will be arranged by ADB through other lenders.

With over 50 GW of renewable capacity stranded nationwide as of June 2025, the message is clear: identifying and overcoming the challenges in India’s construction sector is no longer optional but essential to sustain the country’s solar growth.

The IPO comprises a fresh issue of shares worth INR 2,143.86 crore and an offer for sale (OFS) of shares valued INR 756.14 crore by promoters. The price band is set between INR 206 and INR 217 per share.

The Maharashtra government has signed a memorandum of understanding (MoU) with Singapore’s GSC Group for the 1.5 GW Panchmauli-Devalipada pumped storage hydroelectric project in Dhule and Nandurbar districts. 

EUPD Research explores India’s rapid solar manufacturing expansion, its growing export potential, competitiveness relative to China, and the evolving trade and sustainability dynamics shaping global PV markets.

Kosol Energie unveiled its high-efficiency 730 Wp G12 TOPCon solar panel for commercial and utility-scale projects at REI 2025. The company also announced plans to expand its module manufacturing capacity by an additional 6 GW, bringing the total to 9 GW by late 2026. In addition, Kosol Energie is venturing into large-scale battery energy storage systems (BESS), with an initial planned annual production capacity of 3–3.5 GWh.

Chhattisgarh’s energy sector received over INR 16,672 crore in government support in fiscal year 2024, with fossil fuel subsidies outweighing clean energy support four times. Clear net-zero targets can help government revenues shift from fossil to clean energy, says an analysis by the International Institute for Sustainable Development and Swaniti Initiative.