The US Commerce Department has announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia, and Laos, alleging the products were sold in the US at unfairly low prices. The move could reshape costs and competition for exporters, while US industry groups backed it. Final determinations are expected later this year.
Borosil Renewables is scaling back after its Europe expansion bet faltered following a China-linked disruption. The company has abandoned its European plans and is redirecting focus toward India’s solar opportunity. The shift raises questions on how Borosil timed its global move and what it needs to execute next to rebuild growth and investor confidence.
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Tata Power says it will stop investing in new coal-fired power plants, while targeting a major solar milestone in the fourth quarter of FY25. The company is also preparing to begin a significant hydro project in January 2025, reinforcing its shift toward cleaner energy backed by financial discipline.
Reliance Industries is repositioning its energy strategy, moving from offshore gas extraction to building a green power future around Jamnagar’s giga-scale ambitions. The shift reframes older assets like KG-D6 as “fading fumes,” while new solar-driven plans promise cleaner electrons and a new growth narrative for the company’s next phase.
Reports say the top five Chinese solar manufacturers plan a 54% capacity jump by year-end to 465 gigawatts, even as existing supply already exceeds demand. Analysts warn capacity could balloon by 2030 beyond forecast market needs, raising questions among investors about whether the expansion is commercially or strategically justified.
CleanMax Enviro Energy Solutions has partnered with Sangam India to supply hybrid renewable power across Rajasthan. The agreement combines solar and wind generation with battery storage, aiming to cut carbon emissions from Sangam India’s operations. The renewable setup will power five Sangam facilities in the state, supporting cleaner electricity at multiple sites through a single supply arrangement.
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SAEL Industries has begun operations of a 600 MW solar power plant in Kurnool, Andhra Pradesh. The project will feed electricity into India’s national grid for 25 years and is built with more than 12 lakh solar modules. By enabling large-scale clean power generation, it is expected to significantly cut carbon emissions while expanding SAEL’s operational capacity.
Waaree Energies shares fell over 5% after the US imposed preliminary anti-dumping duties of up to 123% on solar imports from India, Indonesia, and Laos. The shock has rattled investors and renewed concerns for Indian exporters dependent on the American market, even as global demand for renewable energy equipment remains strong.
India’s renewable power generation hit a record high in 2025, driven by solar and wind reaching new individual highs. The rapid rollout and output growth pushed coal generation down, signaling a clear shift in the energy mix. Still, coal remains the dominant source of electricity, underscoring how far the transition has to go.
ReNew Energy plans a 6.5 GW solar manufacturing facility in Andhra Pradesh with an investment of Rs 4,500 crore. The plant will produce solar ingots and wafers and is expected to be operational within two years. The project, aligned with ReNew’s broader commitment to the state, aims to create jobs and further strengthen India’s clean energy manufacturing push.
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Hindustan Power has secured a 100 MW solar project from the Punjab government after a tariff-based competitive bidding process. The firm will sign a 25-year power purchase agreement with Punjab State Power Corporation Limited, with commissioning targeted within 24 months. The deal underscores Punjab’s push to expand solar capacity through long-term offtake arrangements.
Andhra Pradesh Chief Minister N Chandrababu Naidu will lay the foundation stone for ReNew Energy Global’s ₹5,400 crore solar manufacturing facility in Anakapalli. The 6 GW ingot and wafer unit is designed to strengthen domestic clean-energy supply chains and improve energy security, aligning with the state’s Integrated Clean Energy Policy 2024.
ReNew Energy Global Plc hit a record 2.4 GW of new renewable capacity in FY2026, taking its total operating base to 12.6 GW and placing it among India’s largest players. The company’s manufacturing muscle in solar further strengthens its growth pipeline, marking a major milestone in its push to expand clean energy deployment.
Sunkonnect has unveiled a four-year push to cut 15% carbon dioxide emissions in educational institutes across India. The plan targets 34 million tonnes of CO2 reduction by installing solar rooftops on more than 5,000 schools, alongside energy audits, LED upgrades, and improved waste management. The goal is energy-efficient, net-zero campuses.
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Brookfield Asset Management is preparing to divest its 550-megawatt solar project in Bikaner, Rajasthan, in a deal estimated at around ₹3,000 crore. Jefferies is managing the sale as initial bids come from both overseas and domestic investors. The transaction is part of Brookfield’s broader portfolio reshuffling amid India’s fast-growing renewables market, with an eye on future priorities including EV-linked investments.
Helium, a 2025-founded D2C air conditioner startup by IIT Kanpur alumni, has raised $2 million from India Quotient. The fresh funding will first go toward scaling manufacturing, building inventory, and strengthening go-to-market efforts. Helium’s initial compact AC is designed to cool up to 100 sq ft using a 2,700-watt system that can run on a 1 kW solar panel.
GAIL plans to invest Rs 3,800 crore to build 700 MW of solar capacity across Uttar Pradesh and Maharashtra. The plan features a 600 MW solar project in Jhansi with battery storage, alongside a 100 MW solar project in Maharashtra. The move is designed to expand GAIL’s renewable portfolio and advance its net-zero targets.
Safety Controls and Devices’ Rs 48 crore IPO has opened for bidding with a flat grey market premium, hinting at cautious investor sentiment. The EPC company, focused on substations and solar projects, plans to use proceeds for working capital and debt repayment. While anchor interest and government-linked projects provide comfort, execution risk and SME liquidity remain key watchouts.
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