ACME Group appoints COO to lead manufacturing business
ACME Group has appointed Jitendra Agrawal as chief operating officer to lead the growth of its renewable energy equipment manufacturing business in India and key international markets.
Waaree to scale up lithium battery fab to 20 GWh, electrolyzer capacity to 1 GW
Waaree Energies Ltd will scale up manufacturing capacity for lithium batteries from 3.5 GWh to 20 GWh and for electrolysers from 300 MW to 1,000 MW. It also plans inverter production capacity of 4 GW.
Vsole Solar opens inverter factory
Vsole Solar Energy has inaugurated its fully integrated in-house solar inverter manufacturing facility with a capacity to produce more than 20,000 inverters every month.
Tata Power Renewable signs 80 MW FDRE PPA with Tata Power Mumbai Distribution
Tata Power Renewable Energy Ltd (TPREL) will develop a project combining solar, wind and battery storage components to ensure 80 MW firm and dispatchable renewable power supply during peak demand hours.
Adani Green reaches 16.7 GW of operating renewable capacity
Adani Green Energy Ltd (AGEL) has achieved a total operational renewable energy generation capacity of 16,679.80 MW with the recent commissioning of solar, wind, and hybrid projects at Khavda, Gujarat.
SECI launches 1.2 GW renewables-plus-storage tender
The Solar Energy Corp. of India (SECI) has issued a tender inviting bids for the development of 1.2 GW of renewable energy (RE) projects coupled with energy storage systems (ESS) to ensure an assured peak power supply of 4.8 GWh (1,200 MW x 4 hours) daily. The projects will be developed on a build-own-operate (BOO) basis.
DISCOMs continue to exceed their 3% fiscal deficit limit, highlighting need for state oversight
Besides direct lending, states continue to fund DISCOMs through grants and subsidies, but ongoing financial losses suggest the need for enhanced fiscal discipline and operational oversight.
ACME Solar Holdings assigned ‘AA-/Stable’ rating by ICRA
ICRA Ltd has assigned ‘AA-’ credit rating with ‘Stable’ outlook on ACME Solar Holdings’ long-term non-fund based bank facilities. The rating reflects ACME Solar’s diversified portfolio across multiple locations and offtakers (primarily central), revenue visibility from long-term power purchase agreements (PPAs), optimal generation performance and comfortable debt coverage metrics.
India installed 17.5 GW solar in first five months of this fiscal: ICRA report
India installed 17.5 GW of solar and 2.6 GW of wind power capacity in the first five months of FY2026 (April–August 2025), according to a new report by ICRA.
SECI announces maiden debenture issue to strengthen renewable energy investments
Solar Energy Corp. of India’s maiden debenture issue received an overwhelming response with 43 bids totaling INR 2,156.75 crore, against the total issue size of INR 600 crore.
