Oyster Renewable Energy has achieved financial closure for its 342 MW solar-wind hybrid power project in Madhya Pradesh by securing a project loan of INR 1,844 crore from Union Bank of India.

The introduction of electricity futures (derivatives) marks a significant step forward in modernizing India’s power market. The benefits are numerous: it offers a strong mechanism for hedging against price fluctuations; promotes more transparent and competitive price discovery; and improves overall market efficiency

The Approved List of Models and Manufacturers for solar wafers (ALMM List III) could enable solar manufacturers that establish wafer capacity early to achieve superior margins in FY2029/30, as wafer demand is expected to align with broader market demand thereafter.

KPI Green Energy Ltd has secured a sanction of INR 3,200 crore from State Bank of India to part-finance the development of its Independent Power Producer (IPP) portfolio clean energy projects aggregating over 1 GWp in Gujarat.

Large-scale batteries with grid-forming software can sustain grid reliability as renewables replace synchronous fossil generators, says an ESIG report. The report focuses on test procedures to validate grid-forming capabilities.

A report from the American Clean Power Association (ACP) and Wood Mackenzie indicates the utility-scale energy storage sector added 4.9 GW in the April-to-June quarter, representing 63% year-on-year growth, while residential storage increased by 608 MW.

Premier Energies Ltd has secured contracts worth $19.95 million for the supply and installation of solar power systems in the Republic of Benin, West Africa.

Loom Solar has introduced the Fusion 103H three-phase 10kW/48V hybrid inverter combining the functions of a traditional solar inverter and a battery inverter in a single device. The inverter is designed for both on-grid and off-grid use and is suitable for larger homes, commercial buildings, and industries.

Prime Minister Narendra Modi recently laid the foundation stone of Solar Energy Corp. of India Ltd’s 300 MW AC solar PV project in Andhra Pradesh virtually. The project, located Ramagiri in Sri Sathya Sai district, is SECI’s largest self-owned solar PV installation.

The German mounting system specialist has developed a new vertical ground-mounted system compatible with commercially available framed PV modules.

NTPC Green Energy Ltd (NGEL) is inviting Expressions of Interest (EoIs) from global and Indian developers to set up green hydrogen and/or green chemical projects within India’s first National Green Hydrogen Hub at Pudimadaka, near Visakhapatnam, Andhra Pradesh.

The stackable battery ranges 4.9 kWh to 19.6 kWh per unit while the inverter is available in ranges from 3.8 kW to 13 kW. The company also introduced a meter socket adapter to avoid triggering costly main panel upgrades.

Hydrogen is set to play a transformative role in India’s space missions, transportation, and clean energy future, said Dr. V. Narayanan, Chairman, Indian Space Research Organisation (ISRO), at a National Workshop on “Hydrogen Fuel Technologies and Future Trends” held at Alliance University, Bengaluru, in association with Indian Institute of Science.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that solar irradiance fell by up to 30% in India’s northern regions during the southwest monsoon season, while central areas of the country made solar gains.

Three US manufacturers actively working to commercialize their respective perovskite-silicon tandem technologies make the case for tandem modules. CubicPV, Caelux and Swift Solar argue a commercial future for perovskites is inevitable, and they tell pv magazine the current policy environment could work in the technology’s favor.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Switzerland’s Phenogy has launched a megawatt-hour-scale sodium ion energy storage system at a commercial site near Bremen Airport in northern Germany. With this project, the Swiss manufacturer is making its debut on the European energy storage scene, backed by ambitions to develop fully vertically integrated local manufacturing.

REC led the US residential solar panel market in the first half of 2025, while Tesla lost share in home batteries and inverters amid supply and policy pressures, according to EnergySage.

With renewable energy now making up nearly half of our installed power capacity, storage is the key to making clean energy truly dependable. On a national level, large-scale energy storage projects will be vital for balancing the grid and ensuring a steady flow of power, even when the wind isn’t blowing or the sun isn’t shining.

Waaree Energies Ltd, a Gujarat-based manufacturer of solar cells and modules, has invested INR 300 crore in its wholly-owned subsidiary, Waaree Energy Storage Solutions Pvt Ltd (WESSPL), through a rights issue.

Prime Minister Narendra Modi today laid the foundation stone of Avaada Group’s 1,560 MWp solar plus 2,500 MWh battery energy storage system (BESS) project in Pugal, and also inaugurated its 200 MW AC (282 MWp) solar power plant in Shri Dungargarh, both located in Rajasthan’s Bikaner district.

Jupiter Electric Mobility (JEM) has launched its indigenously designed containerized battery energy storage systems (BESS) in India, with capacities ranging from 241 kWh to 3 MWh.

The Global Solar Council has launched what it calls the first global trade association for battery storage to drive manufacturing, deployment, recycling, and adoption of new technologies.

Australian energy storage company Green Gravity and mining business Wollongong Resources have signed an agreement to deploy gravitational energy storage trials at a decommissioned coal mine.

Larsen & Toubro has signed a Memorandum of Understanding with ACWA Power for engineering, procurement and construction of the renewables and grid infrastructure at the Yanbu Green Ammonia Project in Saudi Arabia.

At their core, smart meters are data engines. They provide utilities with visibility into how, when and where electricity is consumed. That granular knowledge allows grid operators to forecast demand more accurately, balance loads and absorb greater volumes of variable solar generation. Without it, the grid risks becoming brittle, prone to blackouts when clouds pass over solar farms or demand surges unexpectedly.

With U.S. domestic steel mills booked solid through 2025, a sudden doubling of tariffs on imported steel has created a critical bottleneck for American industries. The move, which hits specialized Indian steel particularly hard, is now delaying projects for builders and renewable energy developers who rely on steady, affordable supply.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

The gradual phase-out of ISTS charges waiver for solar and wind projects–75% for projects commissioned by June 30, 2026, 50% by June 30, 2027, and 25% by June 30, 2028, and zero thereafter–is bound to push up final price for end consumers. The shift could increase tariffs by INR 0.40–0.50 per unit

The draft order for the implementation of the Approved List of Models and Manufacturers (ALMM) for wafers and ingots clearly indicates the government’s commitment to advancing domestic solar PV upstream integration and bridging the capacity gap between modules, cells, and wafers. Issuing this order nearly three years before its effective date and one year before the implementation of ALMM List-II will allow solar manufacturers to plan for wafer capacity alongside their upcoming cell capacities.