India

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.

ICRA says that India’s solar manufacturing segment is likely to face an overcapacity scenario, with annual solar capacity additions expected at 45–50 GW (DC) against an annual solar module production capacity of 60–65 GW — leading to consolidation among smaller or pure-play module manufacturers.

Saatvik Green Energy’s H1 FY26 revenue from operations more than doubled to INR 16,838 million from INR 7,213 million in H1 FY25. H1 FY26 profit after tax (PAT) surged over 146% YoY to INR 2,021 million compared to INR 823 million in H1 FY25.

Textile manufacturer RSWM has signed an agreement with Adani Energy Solutions Ltd. (AESL) for supply of 60 MW of renewable energy to its manufacturing facilities across Rajasthan. The power will be supplied from a group captive project.

India is estimated to generate over 11 million tonnes of solar waste by 2047. Recycling could meet up to 38% of India’s future solar material needs.

SAEL Industries Ltd has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India (SEBI) to raise up to INR 4,575 crore through initial public offerings.

Launched under the S6-EH3P series, its 125 kW smart string hybrid inverter for C&I solar systems integrates battery smart charging/discharging (PCS), PV inversion, on-grid/off-grid and genset switching (STS), and a smart energy management system into a single compact unit.