India

The RP Sanjiv Goenka Group is set to establish a 3 GW solar cell manufacturing facility, along with a 60 MW captive solar and energy storage system, with a proposed investment of INR 3,000 crore.

Serentica Renewables has signed a power purchase agreement (PPA) with the Solar Energy Corp. of India (SECI) for 100 MW of round-the-clock (RTC) renewable power. To ensure the RTC power supply, it will deploy a mix of wind and solar power capacities, backed with battery energy storage systems.

The Central Electricity Regulatory Commission (CERC) is set to release final guidelines for virtual power purchase agreements (VPPAs), potentially unlocking financing opportunities for over 40 GW of uncontracted renewable energy projects across the country.

Emmvee Photovoltaic Power plans to use the net proceeds for repayment or prepayment of loans and interest taken by the company and its key subsidiary. A portion of the funds will be used for general corporate purposes

India’s rooftop solar potential is vast. Policy momentum, domestic manufacturing expansion, and innovative retail models are laying the groundwork for mass adoption. The focus now must be on making solar a simple, dependable household choice — where purchasing panels is as straightforward as buying a home appliance.

Uttar Pradesh Power Corp. Ltd. (UPPCL) has launched a tender for the selection of developers to supply energy from 1,500 MWh (375 MW x 4 hours) of standalone battery energy storage systems (BESS) in the state of Uttar Pradesh, on an on-demand basis.

Saatvik Green Energy Ltd has announced the launch of its initial public offering (IPO), aiming to raise INR 900 crore. The offer comprises a fresh issue of equity shares aggregating up to INR 700 crore and an offer for sale (OFS) aggregating up to INR 200 crore by the promoters.

The Ministry of New and Renewable Energy (MNRE) has proposed the inclusion of solar wafers under the Approved List of Models and Manufacturers (ALMM), in a move aimed at promoting domestic manufacturing across the entire solar cell value chain. The ALMM for solar wafers will come into effect on June 1, 2028.

Polycab has launched its UT Series 350kW three-phase string inverter for utility-scale solar projects in Tamil Nadu. Offering 15/12 MPPTs, this series comes with a maximum 15A/20A DC input current per string, thus supporting bifacial 182mm/210mm modules.

Hydrogen is moving quickly from promise to reality, and pipelines will be the foundation of this transition. The world is preparing to invest billions in hydrogen-ready transport networks, and the demand for advanced steel pipes will surge. With its strong track record, competitive costs, and supportive policies, India is well-positioned to lead.