The widening price gap between Domestic Content Requirement (DCR)-compliant and non-DCR modules is reshaping procurement and investment decisions across India’s solar industry. Higher module prices, constrained domestic cell availability, and longer...

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up 1,000 MW/4,000 MWh of standalone battery energy storage systems (BESS) in the state (Phase-X). The projects will be developed under the build, own, and operate model and connected to...

A manufacturing facility in Maharashtra has reduced its monthly grid electricity purchases by 11.1% and lowered diesel consumption after integrating a 600 kW/1.2 MWh battery energy storage system (BESS) with its existing 500 kW rooftop solar...

U.S.-based Octillion Power Systems, a supplier of battery systems for electric vehicles, has opened its third manufacturing facility in India in Halol, Gujarat, adding more than 3 GWh of annual battery production capacity. The facility spans more...

European Energy, a renewable energy project developer, has reached financial closure of €234.1 million (~$270 million) for a 225 MW agrivoltaic project in Vizzini, Sicily, Italy. European Energy arranged the financing on behalf of Sun Project, the...

UltraTech Cement, an Aditya Birla Group company, will procure solar power from a 65 MW project being developed by Waaree Forever Energies’ special purpose vehicle (SPV), Solaris Horizon Energy in Chhattisgarh. The company will invest up to ₹277.55...

Electric mobility-as-a-service company Yulu has raised $93 million in a Series C funding round led by GEF Capital Partners. The funding comprises $63 million in equity and $30 million in debt. The Bengaluru-based company plans to use the proceeds to...

The Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EOIs) to develop a 170 MW AC floating solar project with a battery energy storage system (BESS) in Maharashtra. The project will be located at...

Waaree Transpower, the transformer solutions subsidiary of Waaree Energies, has secured an order worth approximately ₹1.6 billion (~$16 million) to supply 8.3 MVA medium-voltage (MV)  applications from an undisclosed global energy storage technology...