Saatvik Green Energy secures orders for solar PV modules worth more than INR 700 crore
Saatvik Green Energy Ltd has received orders to deliver high-efficiency solar modules worth more than INR 700 crore to projects in the Indian renewable energy market. The modules are set for delivery within FY 2025–26.
IEA revises India’s 2025-30 renewables growth forecast upward by 10%
The International Energy Agency (IEA) expects India to add nearly 345 GW of renewable energy capacity between 2025 and 2030 — a 10% increase over last year’s forecast. The upward revision is driven by record auction volumes in 2024, a new rooftop solar scheme, and faster permitting for pumped storage hydropower projects.
Scaling solar faces realities on the ground
Large-scale solar projects in India face challenges from land constraints to harsh climates and technical losses. This article explores five key roadblocks and how installers are navigating around them.
Waaree Energies completes acquisition of 64% equity stake in transformer company Kotsons
Waaree Energies Ltd has completed the acquisition of a 64% equity stake in transformer solutions company Kotsons Pvt Ltd (KPL) for a total consideration of INR 192 crore. Consequently, KPL has become a subsidiary of the company.
Japan launches R&D call for tandem perovskite solar cell mass production
Japan’s New Energy and Industrial Technology Development Organization (NEDO) is accepting proposals for a six-year R&D program to advance large-scale manufacturing technologies and field testing of next-generation tandem perovskite solar cells.
India reaches 490 MWh installed energy storage capacity by June 2025, says Mercom
Mercom India Research expects India’s cumulative energy storage installations to reach 33 GWh by 2028.
Juniper Green signs PPA with TATA Power for 70 MW FDRE power project
Juniper Green Energy Ltd has secured a 25-year power purchase agreement with TATA Power Co. Ltd for a 70 MW firm and dispatchable renewable energy (FDRE) power project. To supply the contracted power, it will deploy 180 MWp of renewable energy (solar and wind) capacity backed with around 280 MWh of battery storage.
Loom Solar announces strategic expansion into utility-scale solar plus battery storage projects
Loom Solar has unveiled its strategy to expand into the deployment of large-scale solar power plants, supported by battery energy storage systems (BESS) to ensure grid stability.
Ceigall secures 147 MW AC solar project from MSEDCL
Ceigall India has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for the development of a 147 MW (AC) grid-connected solar power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 Scheme.
ACME Solar Holdings upgraded to CRISIL AA-/Stable rating
CRISIL Ratings has upgraded its rating on ACME Solar’s non-fund-based long-term bank facilities of INR 1,000 crore to ‘AA-/Stable’ from ‘A+/Positive’.
