Mufin Green Finance raises $6.5 million from Developing World Markets to accelerate EV and clean energy financing in India
The funds will mainly be used for EV loans and leases, while also financing EV batteries, charging infrastructure, and solar panel installations for residential and commercial & industrial (C&I) projects.
Rotomag invests in Su-vastika
The strategic collaboration with Rotomag will equip Su-vastika with deep industrial expertise and robust manufacturing capabilities as it aims to scale clean, intelligent, and scalable energy solutions across India and global markets.
NHPC allocates 1.2 GW of solar-plus-battery storage at INR 3.13/kWh
Reliance Infrastructure secured the largest slice of 390 MW. Other winners include PNC Infratech and SAEL Industries (300 MW each), JBM Renewables (150 MW) and Navayuga Engineering (60 MW).
Tongwei, Longi, JA Solar announce H1 losses
Tongwei, Longi, and JA Solar have predicted steep losses for the first half of 2025, as persistent oversupply and falling solar module prices continue to pressure margins across China’s PV manufacturing sector.
India achieves 50% clean power capacity five years ahead of target
As of June 30, 2025, India reached a cumulative installed power capacity of 484.82 GW with 242.8 GW coming from non-fossil fuel sources (8.8 GW nuclear, 49.4 GW hydro, and 184.6 GW renewable energy sources).
Alpex Solar secures 300 MW PV cell deal with TP Solar
Alpex Solar Ltd has approved a definitive procurement agreement with TP Solar Ltd for supply of solar cells with a minimum aggregate capacity of 300 MW.
How homeowners in Tier 2 cities are switching to solar
Tier 2 cities are quietly powering a big shift in India’s energy landscape. What was once considered a technology for the rich or industrial use is now finding a place on the rooftops of everyday homes.
Meeting evening peaks with clean power requires a three-pronged strategy: IEEFA
The persistent evening peaks, which now nearly match daytime highs, reinforce the urgency of deploying storage solutions, demand-side measures and hybrid renewable projects to meet post-sunset demand.
SAEL to set up 5 GW solar cell and module manufacturing facility in Uttar Pradesh
SAEL Industries Ltd will invest around INR 8,200 crore to establish a 5 GW integrated solar cell and module manufacturing facility in Greater Noida, Uttar Pradesh. Once operational, it will take SAEL’s total solar manufacturing capacity to 8.5 GW.
Ola Electric targets full 5 GWh battery cell capacity by the end of FY2026
Ola Electric says at 5 GWh scale, the cost of making the battery cell in-house will be lower than procuring it from vendors.
