Finance

As India’s clean energy ambitions scale, investment will increasingly follow regions that can deliver outcomes, not just intent. Gujarat’s experience suggests that long-term renewable growth depends as much on institutional preparedness and grid integration as it does on natural resources.

CRISIL has upgraded Advait Energy Transitions Ltd’s long-term rating to A-/Stable from BBB+/Stable, and short-term rating to A2+. In addition, the total bank loan facilities rated have been enhanced from INR 110 crore to INR 405 crore.

The next phase of green growth will depend on how quickly capital reaches businesses that are ready to modernize, become energy-efficient, and invest in cleaner production systems. The question is no longer whether sustainable lending will grow, it is how fast we can remove the barriers preventing it from scaling.

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.

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).

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.

GREW Solar has raised INR 1,050 crore in a new funding round led by Bay Capital Investment Ltd, with participation from two other institutional investors. The company said it will use a significant portion of the proceeds to expand the manufacturing capacity of its upcoming PV cell facility from 3 GW to 8 GW.

More than 2.08 million rooftop solar systems have been installed across India under the PM Surya Ghar: Muft Bijli Yojana as of Dec. 2025, according to the Ministry of New and Renewable Energy.

India’s Union Budget 2026–27 extends basic customs duty (BCD) exemptions on the import of capital goods used for lithium-ion cell production for battery energy storage systems (BESS), as well as capital goods required for processing critical minerals. It also removes the 7.5% BCD on sodium antimonate used in solar glass manufacturing.

IEEFA’s assessment finds that while most companies have announced net-zero or emission reduction targets, only a limited number link these goals to capital expenditure plans, revenue assumptions or changes in business strategy, making it difficult for investors and lenders to assess the feasibility of transition pathways.