ACME Solar arm ACME Urja One has signed a 25-year power purchase agreement with Solar Energy Corp. of India (SECI) for a 190 MW wind-solar hybrid project with assured peak power supply.
The number of operational battery gigafactories will increase significantly, with more than 30 manufacturing sites expected to be in operation by 2030, targeting a total production capacity exceeding 290 GWh. However, challenges such as raw material and skilled labor shortages, insufficient R&D investment, and a lack of long-term strategic planning remain.
Saatvik Solar Industries has received and accepted an order worth INR 44.10 crore for the supply of solar PV modules. The order is scheduled for execution by March 2026.
Infomerics Ratings expects renewable energy (RE) to account for 26% of India’s total power generation by the end of FY2026, despite softer demand conditions.
The Global Energy Alliance for People and Planet has launched the India Grids of the Future Accelerator platform to modernize power distribution, integrate renewable energy and storage, and prepare India’s grids for rapid demand growth.
Maxvolt Energy, a Ghaziabad-based lithium battery pack manufacturer, has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Roorkee to jointly develop an AI‑driven battery management system (AI‑BMS) for next‑generation energy storage and electric mobility solutions.
Adani Group has announced an investment of $100 billion to develop renewable-energy-powered, hyperscale AI-ready data centre capacity in India by 2035.
AM Group has commenced development of its 1 GW AI and High-Performance Computing data center project in the Indian state of Uttar Pradesh. The facility will be powered by firm and on-demand carbon-free energy at competitive tariffs enabled by renewable generation and pumped storage assets managed through an in-house intelligent cloud energy architecture.
Greenzo Energy India and Lord’s Mark Industries have signed a Memorandum of Understanding (MoU) to jointly develop around 60 MW of green hydrogen capacity, along with integrated solar rooftop projects coupled with battery energy storage systems.
The company also reported a 6.6-fold increase in net profit for the first nine months of FY2026.
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