Waaree Renewable Technologies Q1 profit surges 206.77% YoY to INR 86.39 crore
Waaree Renewable Technologies Ltd (WRTL), the solar EPC arm of Waaree Group, has reported a net profit of INR 86.39 crore for Q1 FY26, a 206.77% year-on-year (YoY) increase from the same quarter last year. The company’s revenue from operations stood at INR 603.19 crore, up 155.2% YoY from INR 236.35 crore in Q1 FY25.
RenewSys to ramp up encapsulant capacity to 30 GW
RenewSys will add eight new encapsulant manufacturing lines at its recently commissioned facility in Khopoli, Maharashtra, increasing its total encapsulant production capacity to 30 GW across 19 lines.
Zelestra India scales C&I portfolio to 122+ MW with solar-wind-BESS hybrid solutions
Zelestra India’s commercial & industrial (C&I) portfolio has reached 122.4 MWp through wind-solar-battery energy storage system (BESS) hybrid projects in Tamil Nadu.
The Hydrogen Stream: Hygenco commissions green hydrogen plant to decarbonize Sterlite Technologies’ optic fibre production
Hygenco Green Energies has commissioned Maharashtra’s first green hydrogen and green oxygen production facility in Chhatrapati Sambhaji Nagar. This project will supply green hydrogen and oxygen to optic fibre manufacturer Sterlite Technologies Ltd.’s glass preform facility, supporting its goal to achieve Net Zero by 2030.
Enlight Metals enters solar structure aggregation
Enlight Metals plans to aggregate and supply solar mounting structures sourced from multiple manufacturers across Maharashtra, with an initial focus on the Pune market.
Sinovoltaics maps 68.4 GW of solar module capacity in India
The latest Sinovoltaics solar supply chain report about PV manufacturing in India indicates module capacity of 68.4 GW, cell capacity at 24.5 GW, and ingots at 14 GW, with continued growth planned to 2030.
Distributed solar poised to shape the next decade of India’s energy transition through residential, C&I rooftops, and hybrid microgrids
India has set an ambitious target of 280 GW of solar capacity by 2030, and of this, at least 40-45 GW is expected to come from distributed solar — a conservative estimate, considering the pace at which the ecosystem is maturing.
Oriana Power enters MoU to explore and develop renewable energy projects in Canada’s Alberta province
Oriana Power has entered a Memorandum of Understanding with Invest Alberta Corp. (IAC), to explore and develop renewable energy projects in Canada’s Alberta province.
Reliance Power to raise INR 9,000 crore via QIP, FPO and NCDs
Reliance Power has approved plans to raise up to INR 6,000 crore via a Qualified Institutions Placement (QIP), follow-on public offer (FPO), or a combination of both. The company also plans to raise up to INR 3,000 crore through the issuance of non-convertible debentures (NCDs).
GameChange Solar trackers deployed in India’s first project featuring First Solar’s Series 7 thin film PV modules
GameChange Solar’s Genius Tracker system has been deployed in India’s first project featuring First Solar’s Series 7 thin film PV modules. The project, developed by Cleantech Solar and constructed by Jakson Green, has a total planned capacity of 44.8 MWp.
