India

Vikram Solar has posted a consolidated revenue of INR 1,109.9 crore for Q2FY26, up 93.7% year-on-year (YoY). PAT for the quarter rose 1,636.5% YoY to INR 128.5 crore with a PAT margin of 11.58%.

Waaree Energies Ltd has reported a total income of INR 6,226.54 crore for Q2 FY2026, marking a stellar 69.96% year-on-year (YoY) growth. Net profit (profit after tax) for the quarter surged by 133.78% YoY to INR 878.21 crore.

Jakson Green and Blueleaf Energy have achieved financial close on 840 MWp of jointly owned solar projects in Bikaner, Rajasthan. These projects form part of their larger 1 GWp Rajasthan solar portfolio.

Sunsure Energy, founded in 2014, has evolved from a solar developer into a clean energy solutions provider delivering integrated power solutions across solar, wind, and battery storage. Kartikeya Sharma, co-founder and chief business officer at Sunsure, speaks to pv magazine on the key trends reshaping India’s renewable energy landscape, the rising role of battery storage, and Sunsure’s plans for the market.

Solar Energy Corp. of India Ltd’s (SECI) tender for 2 GW of solar PV projects coupled with a 1 GW/4 GWh energy storage system has yielded a lowest tariff of INR 2.86/kWh. The auction saw participation from several new entrants in the sector, with Shivalaya Construction Ltd securing the largest slice of 600 MW.

TACC will use the INR 1,230 crore credit facility secured from the State Bank of India to fund its lithium-ion battery grade graphite anode facility with a capacity of 20,000 mtpa in Dewas, Madhya Pradesh.

With the commissioning of the 50 MW plant at Khavda, Adani Green Energy Ltd’s total operational renewable energy capacity has increased to 16,729.80 MW.

BluPine Energy will develop a renewable energy project coupled with energy storage system to supply firm renewable power during peak hours daily under a 25-year power purchase agreement.

Carbon markets operate on trust: stakeholders must believe that the emission reductions credited are real, measurable, and permanent. Inconsistent methodologies, poorly monitored projects, and a lack of transparency have undermined confidence in certain markets. As discussions advance at COP30 in Belém, establishing universally accepted standards and accountability frameworks will be essential.

Saatvik Green Energy announced today that it has received orders for the supply of high-efficiency solar PV modules worth INR 689.47 crore. The orders have been placed by multiple private-sector power producers and EPC installers across India.