Finance minister Nirmala Sitharaman has submitted Union Budget 2025-26, which proposes customs duty exemption for waste and scrap of lithium-ion batteries and critical minerals.

Regulatory and fiscal incentives to set up specialized labs in collaboration with leading international and domestic research institutions, reduction of Goods and Services Tax (GST) on turbines and solar modules, and ISTS charges waiver extension are on the budget wishlist of the renewable energy industry in India.

With the Union Budget 2025-26 approaching, the solar industry anticipates key policy and financial measures to sustain this momentum. The budget is expected to increase funding for green technologies, including solar, wind, and green hydrogen.

Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme holds transformative potential for both India’s agricultural and energy sectors. Decisive financial boosts in the 2025 budgets will harness the growing winds of interest and pave the way for widespread adoption.

Challenges and innovations drive solar and energy storage inverter industry forward in 2025.

Blueleaf Energy and Jakson target to jointly develop over 5 GW of renewable energy projects in India. The first project under the partnership is a 1 GW solar portfolio in Rajasthan, which benefits from 25-year power purchase agreements secured with the Solar Energy Corp. of India, NHPC, and Rajasthan Urja Vikas Nigam Ltd.

The PM Surya Ghar: Muft Bijli Yojana, the world’s largest domestic rooftop solar initiative, aims at powering 10 million households with solar power by March 2027.

Acme Solar has reported consolidated revenue of INR 401 crore and consolidated net profit of INR 112 crore for the quarter ended Dec. 31, 2024.

Enfinity Global has secured connectivity for 2 GW of utility-scale solar PV and wind projects in Rajasthan, Uttar Pradesh, Maharashtra, and Karnataka

Avaada Group has committed INR 20,700 crore for setting up 1.5 GW of floating solar projects, two 1 GW pumped storage projects, and green energy equipment manufacturing units in the Indian state of Odisha.

Researchers at the University of New South Wales have used a 1 µm copper plating layer on the front silver grid of a TOPCon solar cell to create a protective barrier that reportedly reduces corrosion susceptibility. The cell showed significantly lower contaminant-induced degradation that unprotected reference devices.

Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, saw participation of one hundred startups. Many of these startups are seeking funding from major conglomerates and investment firms.

Mellow Energy claims its ML-Flex panel is currently the world’s largest flexible perovskite solar module. Available in five versions with power output ranging from 260 W to 300 W, the module measures 1,200 mm x 1,600 mm and weighs only 2.04 kg.

Artificial intelligence (AI) and Data Analytics are transforming energy operations by introducing capabilities that were once unimaginable. These technologies provide actionable insights, automate processes, and enable real-time decision-making, making energy systems smarter and more resilient.

While China, South Korea, Europe, and the United States are also engaged in active development of all solid-state batteries, Japan is leading the charge, offering generous subsidies to technology proponents.

Solex’s new line is tailored for mass production of n-type, rectangular-cell TOPCon solar modules ranging from 585 Wp to 625 Wp.

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.

Scientists in China placed a 0.5 mm thick aluminum foil between the solar cell and the EVA, and between the EVA and the glass layer. The two experimental modules were compared to a reference module and were found to dissipate heat and increase the in-plane temperature uniformity.

Waaree Energies has reported a total income of INR 35,452.65 million and net profit (profit after tax) of INR 5,068.76 million for the third quarter of FY 2025.

Jupiter International will invest INR 2,005 crore into setting up a facility with an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules.

A new study in Germany shows the advantages of thermal energy storage in the decarbonization of industrial processes. The researchers noted clear cost advantages and high potential for flexibility in the power grid.

NTPC Ltd, in partnership with Triveni Turbine and Italy’s CO2 battery technology company Energy Dome, will set up a 160 MWh CO2 battery project at its Kudgi super thermal power station in Karnataka.

Zenaji, an Australian manufacturer of lithium-titanium-oxide (LTO) batteries, says the LTO market will hit $5.8 billion by 2032, growing at a 12.6% annual rate. It claims that its Eternity battery system is poised to capitalize on the trend.

Acme Solar has secured a power purchase agreement (PPA) with state-owned NHPC Ltd for a firm and dispatchable renewable energy (FDRE) project of 680 MW capacity.

Solis has launched its Solarator series hybrid inverters for residential and commercial solar storage applications in India. The inverters are generator-compatible.

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.

Gujarat’s commitment to balancing industrial growth with environmental sustainability is a model for other states to follow. By harnessing solar energy, advancing green hydrogen production, and promoting energy storage technologies, the state is building a robust framework for a sustainable future.

Martin Schachinger, founder of pvXchange.com, said PV module prices will depend on national and international demand trends in the coming months, with outcomes ranging from increases to stagnation or further declines. Almost anything is possible, but nothing is certain.

The 2025-26 Union Budget has the potential to be a defining moment in India’s journey toward a net-zero economy. By addressing key areas such as renewable energy, green hydrogen, sustainable mobility, and community-level projects, the government can create a robust framework for decarbonization.

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.