India’s EV sector secured INR 2.23 lakh crore in investments, just 18% of the capital needed by 2030: IEEFA
IEEFA states that bridging the INR 10.3 lakh crore investment gap over the next five years will require moving beyond traditional subsidy-led approaches toward structural risk-sharing mechanisms that lower the cost of credit and attract private capital in the electric mobility sector.
Vikram Solar secures 378.75 MW module order for Indian Oil-NTPC JV project
Vikram Solar has secured an order to supply 378.75 MW of n-type TOPCon solar modules for a project developed by Indian Oil NTPC Green Energy Pvt Ltd (INGEL), a joint venture between Indian Oil Corp. Ltd and NTPC Green Energy Ltd.
Waaree Energies arm signs 50 MW alkaline electrolyzer agreement with ZFI
Waaree Clean Energy Solutions will deploy, own and operate alkaline electrolyzer stacks for Zero Footprint Industries Ltd’s decentralized green hydrogen projects across northern India over the next five years. The renewable-powered hydrogen produced will support decarbonization of process industries and inland transport applications.
From panels to complete energy systems: The evolution of India’s rooftop solar market
Rooftop solar is moving from being a supplementary solution to becoming a central component of India’s energy architecture. The next phase of growth will not be defined by panel installations alone but by how effectively generation is integrated with storage, digital intelligence, and grid infrastructure.
Pace Digitek secures INR 1,587 million telecom battery order from Reliance Industries Ltd
Pace Digitek Ltd’s arm Lineage Power has received an order from Reliance Industries Ltd for the supply of high-capacity lithium-ion battery packs. Under the agreement, Lineage Power will manufacture and supply 50,000 units of 48V 15S1P 314Ah Lithium-Ion battery packs to provide backup power for telecom loads.
Hycosys raises $1 million from MGF Kavachh to develop hydrogen-compatible micro gas turbines
The seed round will aid in accelerating system integration, pilot deployments, and fuel the commercialisation roadmap of the Hycosys’ indigenous hydrogen-compatible micro gas turbine platform with applications across distributed power, aerospace and mobility.
Vikram Solar signs 2 GW PV cell deal with Jupiter International
Vikram Solar has signed the agreement to procure 2 GW of high-efficiency TOPCon and mono PERC solar cells from Jupiter International.
India’s electricity transition unfolds unevenly across states
A new report by IEEFA and Ember finds that India’s electricity transition is unfolding differently across states, shaped by variations in resource endowments, development pathways, and institutional capacities. While some states are already leading in renewable energy deployment and grid readiness, others are building momentum, presenting significant opportunities for accelerated progress through targeted, state-specific policy interventions.
TEXMiN, Russia’s GIREDMET ink pact on rare earth and critical mineral technologies
The TEXMiN Foundation, IIT (ISM) Dhanbad, has signed an MoU with GIREDMET State Research and Design Institute of Rare Metal Industry, Russia, to collaborate on rare earth processing, critical minerals, advanced materials, and translational research across the mining value chain. The partnership will also focus on hydrometallurgical recycling technologies for lithium-ion batteries to recover valuable metals.
Clean Max Enviro Energy raises INR 921 crore from anchor investors
Clean Max Enviro Energy Solutions has raised INR 921 crore from anchor investors ahead of its initial public offering that opens for public subscription today (Feb. 23, 2026).
