India

Reliance Power arm, Reliance Nu Energies, has received the letter of award for the largest allocation in SJVN’s tender for 1,500 MW/6,000 MWh firm and dispatchable renewable energy. It secured 750 MW/3,000 MWh, representing 50% of the total tender allocation in the competitive bidding based online auction process.

Waaree Energies has unveiled its TEJOMAY series n-type TOPCon dual-glass back-contact module with 645 Wp power output and 23.88% efficiency.

ACME Solar Holdings (ACME Solar) has been awarded 450 MW capacity for assured peak supply of 1,800 MWh (450 MW × 4 hours) from renewable energy projects connected with the interstate transmission system. It secured the capacity in SJVN’s FDRE-IV tender by placing a winning tariff bid of INR 6.75/kWh for 25 years.

Sembcorp will develop around 750 MW of renewable energy capacity, supported by battery energy storage systems, to ensure a firm and dispatchable supply of renewable power to SJVN.

Adani Group will deploy a 1,126 MW/3,530 MWh battery energy storage system (BESS) at Khavda, the world’s largest renewable energy plant. This project, entailing deployment of more than 700 BESS containers, will be the largest BESS installation in India and one of the world’s largest single-location BESS deployments.

ReNew Energy Global Plc has reported a total Income (or total revenue) of $898 million for H1 FY26, a 45.7% increase YoY. Net profit surged 83.3% YoY to $110 million, driven by the company’s expanding operational RE capacity and solar manufacturing capacities.

Solex Energy has reported a revenue of INR 4,157 million in the first half of FY26, 51.6% up year-on-year. Profit after tax (PAT) surged 133.2% YoY to INR 305 million.

ReNew Energy Global Plc has secured $331 million from the Asian Development Bank (ADB) to support the development of a 837 MWp wind-solar capacity backed with a 415 MWh battery energy storage system in Andhra Pradesh. This is part of ADB’s $477 million financial package for the project. The balance $146 million will be arranged by ADB through other lenders.

With over 50 GW of renewable capacity stranded nationwide as of June 2025, the message is clear: identifying and overcoming the challenges in India’s construction sector is no longer optional but essential to sustain the country’s solar growth.

The IPO comprises a fresh issue of shares worth INR 2,143.86 crore and an offer for sale (OFS) of shares valued INR 756.14 crore by promoters. The price band is set between INR 206 and INR 217 per share.