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Borosil Renewables’ Revenue Jumps 18% YoY, Reports Profit of ₹1.69 Billion in Q4

Melvin Mathew — Tue, 12 May 2026 19:58:47 GMT

Mumbai-based solar glass manufacturer Borosil Renewables reported revenue of ₹4.40 billion (~$46.24 million) in the fourth quarter (Q4) of the financial year (FY) 2026, increasing 17.77% from ₹3.74 billion (~$39.26 million) a year ago. Its profit after tax (PAT) stood at ₹1.69 billion (~$17.78 million), against a net loss of ₹295.29 million (~$3.10 million) in the same quarter last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹1.45 billion (~$15.20 million), a 431.1% jump from ₹273.6 million (~$2.86 million) in the corresponding quarter of the previous year.

NHPC Issues RfS for 13 MW of Rooftop Solar Projects in Northeast India

Parth Shukla — Tue, 12 May 2026 17:58:59 GMT

Listen to this article NHPC has issued a request for selection (RfS) to set up 13.255 MW of grid-connected rooftop solar projects across Sikkim, Manipur, and Nagaland.

Grenergy Secures $268 Million Financing for Solar and Storage Project in Chile

Dibin DB — Tue, 12 May 2026 16:35:18 GMT

Spanish clean energy producer Grenergy has closed a $268 million senior non-recourse financing agreement for the Monte Águila solar…

MNRE Bars Duplicate Module, Inverter Serial Number Submissions Under Surya Ghar

Arjun Joshi — Tue, 12 May 2026 14:49:32 GMT

The Ministry of New and Renewable Energy (MNRE) has discontinued the provision that allowed installation submissions containing duplicate entries of solar module or inverter serial numbers to be submitted based on a vendor undertaking under PM Surya Ghar: Muft Bijli Yojana.

Premier Energies, Syrma SGS Drop Plan to Acquire K-Solare Stake

Rakesh Ranjan — Tue, 12 May 2026 13:33:20 GMT

Hyderabad-based Premier Energies and Syrma SGS Technology have decided not to proceed with the proposed acquisition of K-Solare Energy, an inverter manufacturer, through a joint venture.

FH Capital to Acquire 75% Stake in JinkoSolar’s US Subsidiary

Melvin Mathew — Tue, 12 May 2026 13:31:36 GMT

Private equity firm, FH Capital, has entered into a definitive agreement to acquire a 75.1% stake in China-based solar module and cell manufacturer, JinkoSolar’s U.S. subsidiary. Post-acquisition, JinkoSolar will hold a 24.9% minority stake in its U.S. subsidiary, Jinko Solar Industries. The company did not disclose the cost of acquisition.

Gujarat Regulator Clears GUVNL’s Bid Deviations for Firm Renewable Power

Arjun Joshi — Tue, 12 May 2026 12:53:01 GMT

The Gujarat Electricity Regulatory Commission (GERC) has allowed Gujarat Urja Vikas Nigam’s (GUVNL) request to modify the bid documents and the draft power purchase agreement (PPA) for procuring firm and dispatchable renewable energy (FDRE) with energy storage.

EU Trails 2030 Climate Goals as Solar-Storage Offers Fastest Fix: Report

Meghana Prasad — Tue, 12 May 2026 12:40:29 GMT

Accelerated deployment of solar systems combined with battery energy storage systems (BESS) offers the fastest and most cost-effective pathway for the European Union to reach its 2030 climate and renewable energy targets, according to a SolarPower Europe report.

Daily News Wrap-Up: Supreme Court Directs Railways to Pay Open Access Charges

Mercom Staff — Tue, 12 May 2026 11:19:54 GMT

The Supreme Court ruled that Indian Railways cannot claim the status of a deemed distribution licensee under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational requirements and does not involve supplying electricity to consumers.

MENA Weekly Round-Up: Masdar to Lead Abu Dhabi Solar and Storage Expansion

Meghana Prasad — Tue, 12 May 2026 11:06:25 GMT

Masdar signed an agreement with the Emirates Water and Electricity Authority (EWEC), under which it will represent Abu Dhabi in domestic solar independent power producer projects.