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Markets & Policy

Vikran Engineering strengthens solar portfolio with 969 MW PM-KUSUM project acquisition

Vikran Engineering, a diversified EPC player, has acquired the remaining 51% equity stake in NOPL Solar Projects Pvt Ltd, which is developing a 969 MW (AC) grid-connected solar power project under Component C of the PM-KUSUM Scheme in Maharashtra.

Bluebird Solar appoints Rohit Tikku as CEO to lead PV cell, BESS foray

Bluebird Solar, a solar PV module manufacturer, has appointed Rohit Tikku as its chief executive officer (CEO) to drive the company’s expansion into solar cell production, EPC services, and energy storage solutions.

Sahaj Solar forms JV for 750 MW solar module manufacturing facility in UAE

Sahaj Solar has announced a joint venture with Clarion Investments LLC to set up a 750 MW solar module manufacturing facility in the UAE. The facility will target supply to Gulf Cooperation Council (GCC) countries, including the UAE, Qatar, Bahrain, Saudi Arabia, Kuwait, and Oman, as well as the US market.

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BII, CIP launch $300 million platform to support renewables project development in India

British International Investment (BII) has launched a $300 million platform to accelerate renewable power projects in India, with $150 million each from BII and Danish fund manager Copenhagen Infrastructure Partners (CIP).

Carbon emerging as a business, trade and credit risk variable for India Inc.: Rubix Data Sciences

The country’s contribution to the voluntary carbon market has been significant, with over 375 million credits issued and a comparable share retired globally.

The Hydrogen Stream: Ireland’s LCOH on par with Morocco, Brazil

Fraunhofer ISE, in collaboration with Irishi energy company ESB, developed a methodology showing that Ireland is a competitive location for renewable power-to-X and green hydrogen production with costs comparable to Morocco, South Africa, and Brazil, supported by strong wind resources, policy backing, and infrastructure potential.

Toyo denies Ethiopia duty evasion, confirms 4 GW ramp and U.S. cell plant

Toyo Co. says a new anti-circumvention petition targeting its Ethiopian solar cell facility is “riddled with misinformation.” The Japanese manufacturer tells pv magazine that the site reached 4 GW of capacity last year and that it is planning a U.S. onshore cell plant.

Solex Energy FY26 revenue rises 143.9% to INR 16.21 billion

Solex Energy Ltd has reported total revenue of INR 16.21 billion for FY26, marking a 143.9% year-on-year increase.

Siemens Energy India Q2 FY2026 revenue up 27.4% YoY

Siemens Energy India Ltd has reported a revenue from operations of INR 2,394 crore for the quarter ended March 2026, marking a 27.4% year-on-year increase from INR 1,880 crore in the corresponding quarter of FY 2025. Profit after tax increased 52.4% YoY to INR 375 crore.

Inox Clean buys US assets of Boviet Solar

Through this asset purchase, Inox Clean gains an operational capacity of 3 GW of TOPCon solar module manufacturing in the United States, positioning it in line with the “Make in America, For America” initiative.

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