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INOX Air Products Private Limited (INOXAP), India’s leading industrial, electronic & specialty gas manufacturer, has entered into a long-term partnership with Insolation Green Energy Private Limited (INA Solar), a wholly owned subsidiary of Insolation Energy Limited, to supply ultra-high purity (UHP) Nitrogen through direct pipeline at 2,400 Nm3/hrto their 4.5 GWSolar Cell manufacturing facility being set up at Narmadapuram, Madhya Pradesh. Under the agreement, INOXAP will significantly invest & develop a dedicated pipeline network from its existing Air Separation Unit (ASU) in Narmadapuram to ensure reliable supplies.

INOXAP will provide UHP Nitrogen to enable the advanced manufacturing processes at the Narmadapuram facility. The direct pipeline supply would aim to ensure a reliable and consistent flow of high-purity nitrogen essential for maintaining stringent quality standards in solar panel production. The collaboration underscores both companies’ commitment to strengthening India’s clean energy value chain and advancing the nation’s vision of self-reliance in renewable energy manufacturing.

Speaking about the partnership, Diganta Sarma, Head – Strategy & Business Development, INOX Air Products said, “We are delighted to partner with INA Solar in supporting the growth of India’s renewable energy manufacturing sector. Through this long-term agreement, INOX Air Products intends to leverage its existing capabilities in Narmadapuram and make significant investments in dedicated pipeline infrastructure to ensure a reliable supply of ultra-high purity nitrogen for advanced solar panel manufacturing. This collaboration reflects a shared commitment to strengthening India’s clean energy ecosystem and aims to accelerate the country’s journey towards self-reliance in renewable energy production. The partnership strives to contribute to the continued industrial development of the region by enhancing critical infrastructure and enabling sustainable economic growth.”

Vikas Jain, Managing Director, Insolation Green Energy Private Limited added, “At INA Solar, we are committed to advancing India’s clean energy ambitions through world-class solar panel manufacturing capabilities. As we continue to expand our operations, ensuring access to reliable, high-quality inputs and infrastructure remains critical to our success. Our partnership with INOXAP strengthens this foundation by securing a dependable supply of ultra-high purity nitrogen, an essential component in our manufacturing processes. We are pleased to collaborate with a partner that shares our vision of building a robust and self-reliant renewable energy ecosystem. Together, we aim to drive innovation, create long-term value for our stakeholders, and contribute meaningfully to India’s transition towards a sustainable and energy-secure future.”

The collaboration represents another significant step in INOXAP’s ongoing efforts to power the growth of emerging industries including solar energy, semiconductors, and electronics. As India continues to expand its advanced manufacturing capabilities, INOXAP aims to remain at the forefront of providing critical gas solutions and infrastructure that support industrial progress. With several landmark partnerships in the solar sector over the last year, the company has strengthened its position as a key enabler of India’s clean energy manufacturing ambitions.

Sterling and Wilson Renewable Energy (SWREL) has announced that the company, in a 50-50 joint venture with Hassan Allam Construction, has secured an order valued at approximately USD 560 million for the West Minya Solar Power Project in Minya Governorate, Egypt.

Once complete, this 1,000 MWac capacity Solar PV project integrated with a 600 MWh Battery Energy Storage System (BESS) will become one of Egypt’s largest utility-scale renewable energy developments, stated the company.

The joint venture will be responsible for the full engineering, procurement, and construction of the solar power plant, including the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, transmission facilities, and all associated balance-of-plant and supporting systems required for project delivery.

Commenting on the order win, Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, said, “We are proud to support Egypt’s decarbonisation journey and contribute to strengthening energy security across the wider MENA region through this landmark project. As one of the world’s leading solar EPC companies, we bring deep expertise and proven execution capabilities that will help unlock the region’s vast renewable energy potential. Our company remains committed to delivering the project within the stipulated timeline while upholding the highest standards of safety, quality, and operational excellence.”

He further added, “This third GW-scale order received in a span of 9 months reflects the increasing size of PV projects and continued trust and confidence that customers place in the company’s capabilities to deliver large-scale solar projects, including those involving complex technologies such as Battery Energy Storage Systems.”

Rajasthan is rapidly emerging as the epicentre of India’s renewable energy growth, with Serentica Renewables significantly scaling its investments in the state to advance the country’s industrial decarbonisation agenda. As industries increasingly demand reliable, round-the-clock clean power, Rajasthan is becoming the preferred destination for next-generation renewable and storage infrastructure.

Serentica Renewables has built an operational portfolio of over 2,500 MW, an additional under-construction portfolio of over 3,000 MW, and aims to supply 67 billion units of clean energy annually, helping abate 47 million tonnes of CO₂ emissions. The company’s strategy is focused on enabling hard-to-abate sectors with firm, dispatchable renewable energy solutions that combine scale, reliability and affordability.

Underscoring its long-term commitment, Serentica has announced plans to invest ₹1 lakh crore in coming years in the state of Rajasthan, with more than ₹10,000 crore already deployed. The state today accounts for over 50% of the company’s total solar portfolio, with major assets located across Bikaner and Jaisalmer and extending to Bhadla in the next phase. Together, these projects form part of a planned renewable energy pipeline of 27,000 MW.

Commenting on the company’s Rajasthan growth plans, Akshay Hiranandani, CEO, Serentica Renewables, said: “Rajasthan is a critical pillar of our growth strategy and is fast emerging as a leader in renewable energy. India’s energy transition depends on delivering reliable, round-the-clock clean power to industries, and our upcoming BESS project in Bikaner will be an important step in enabling firm, dispatchable renewable energy. We remain committed to scaling our investments in the state to support industrial decarbonisation and strengthen grid resilience.”

As part of its next phase of expansion, Serentica is set to commission phase- I of the region’s largest Battery Energy Storage System (BESS) projects in Bikaner. Phase 1 of 200 MWh Bikaner battery project will ensure consistent round-the-clock clean energy supply to industry. Phase 2 of 800 MWh battery is expected to be online over next 3 months. Phase-2 adds another 800 MWh within next quarter in the same Bikaner region.

Looking ahead, Serentica plans expand its Fatehgarh solar platform with an initial 1,270 MWp, followed by an additional 500 MWp and Battery system of 2500 MWh in FY 2026–27. These investments reaffirm the company’s confidence in Rajasthan as a long-term growth engine and a national model for industrial decarbonization at scale. Beyond infrastructure, Serentica is investing in community development through its EdIndia and ‘Vikas’ initiatives, with over ₹ 3.8 crore committed to education, teacher training, and local infrastructure in Rajasthan.

As India’s C&I demand continues to rise, Serentica’s integrated renewable and storage approach is positioning Rajasthan as a critical hub in delivering reliable, affordable, and sustainable power for industrial growth.

Deye New Energy has showcased its latest AI-driven solar and energy storage portfolio at Intersolar Europe 2026 in Munich, unveiling a comprehensive range of residential, commercial, industrial, and utility-scale solutions designed to accelerate the global energy transition. The company highlighted its strategy of integrating advanced hardware, intelligent energy management, and cloud-based digital services into a unified energy ecosystem.

Among the key launches was the global debut of the SG06 Series single-phase hybrid inverter, featuring improved power performance, a more compact and lightweight design, enhanced installation flexibility, and support for scalable parallel operation. Deye also introduced the GB-W Battery System, a modular energy storage solution designed for residential and small commercial applications, offering flexible capacity expansion, simplified installation, and high durability.

For commercial and industrial applications, Deye presented the ORION E Series GE-F128/256 energy storage system, equipped with a multi-layer safety architecture, intelligent monitoring capabilities, and advanced thermal management to deliver reliable and efficient energy storage. The new solutions are integrated with Deye Cloud, enabling real-time monitoring, remote diagnostics, and intelligent operation and maintenance across energy assets.

The exhibition also marked Deye’s continued expansion beyond inverter technology into comprehensive solar-plus-storage solutions, reinforcing its commitment to delivering smart, safe, and high-performance energy systems for residential, commercial, and utility-scale markets worldwide.

Envision Energy, a global leader in green technology, has signed an 660MWh battery energy storage system (BESS) supply agreement with the SOLA Group and WBHO for the landmark Naos-1 project. As the largest privately contracted hybrid renewable energy initiative to reach financial close in South Africa, Naos-1 highlights the country’s shift toward more flexible, market-driven, and low-carbon power systems. The agreement also marks a key milestone in Envision Energy’s expansion in Africa, reinforcing its commitment to advancing the region’s energy transition through integrated renewable solutions.

Located near Viljoenskroon in South Africa’s Free State, Naos-1 combines 300MW of solar PV generation with 660MWh of battery storage to deliver reliable, dispatchable renewable power to major private businesses. Designed for wheeling across the national grid, the project enables clean electricity generated in one location to be supplied to offtakers across the country. By integrating solar with storage, Naos-1 addresses renewable intermittency challenges and enhances grid stability.

Leveraging its vertically integrated BESS expertise across the full value chain, Envision Energy will provide comprehensive technical support for the project, spanning the design, manufacturing, operation and maintenance of the energy storage system. Backed by advanced battery technology and AI energy system, Envision’s solution will enable intelligent optimization and ensure safe, efficient and reliable performance over the project lifecycle. A 25-year Long-Term Service Agreement(LTSA) between Envision and SOLA Group will further support the project’s ongoing operation and maintenance, contributing to the continued development of South Africa’s renewable energy ecosystem.

John Lee, General Manager of Asia & Africa Markets at Envision Energy, said: “Naos-1 demonstrates how integrated renewable and storage solutions can redefine the future energy systems, delivering not only clean power, but also reliability, flexibility, and economic value at scale. Envision is proud to support this landmark project and to work alongside leading partners to accelerate the transition toward a more sustainable energy future in South Africa and across emerging markets.”

“Across South Africa and beyond, businesses are seeking energy solutions that balance sustainability, reliability, and cost-effectiveness,” said Ian Burger, Managing Director of SOLA Build at SOLA Group. “Naos-1 reflects a new generation of energy infrastructure, one that is flexible, scalable, and aligned with the needs of modern power markets. Through collaboration with strong technology partners like Envision Energy, we are helping to unlock new pathways for private-sector participation and advancing the development of a more resilient and future-ready energy system.”

Solis opened its booth at Intersolar Europe 2026 in Munich yesterday, welcoming installers, distributors, EPCs, project developers and energy partners for a first look at its latest residential and commercial energy storage solutions.

Located in Hall B3, Booth B3.430, the Solis stand was busy throughout the opening day, with visitors keen to explore how the company is expanding beyond inverter technology into more complete solar and storage solutions for homes, businesses and larger energy projects.

A key focus on the opening day was Solis’ full energy storage portfolio, highlighting the company’s continued evolution from a leading PV inverter manufacturer into a complete energy storage solution provider. The portfolio brings together solar generation, battery storage, intelligent energy management and digital monitoring within one connected ecosystem.

The opening day also saw Solis take part in a strategic partnership signing ceremony with JA, marking an important step in strengthening collaboration across the solar and energy storage value chain. The agreement reflects both companies’ shared commitment to supporting the global energy transition and accelerating the deployment of reliable, flexible energy storage solutions for international markets.

Among the most discussed innovations at the booth was FlexAIO, Solis’ latest all-in-one stackable high-voltage residential energy storage system. Visitors showed strong interest in its modular design, capacity range from 6–54kWh, expandability up to 324kWh, and intelligent control capabilities powered by Solis AI. Installers were impressed by its simplified installation and scalability as key advantages for residential projects.

Solis also attracted significant attention with its wider residential and C&I storage portfolio, including FlexHome, IntelliHome and the FlexCore series. These solutions are designed to meet a broad range of customer needs, from residential backup power and smart home energy management to larger commercial and industrial projects requiring greater flexibility, resilience and system control.

For commercial and industrial users, EverCore, Solis’ integrated 261kWh energy storage system, emerged as another major focal point. Designed to simplify deployment and support long-term operational stability, EverCore combines battery storage, power conversion and energy management within a single system architecture, helping businesses optimise energy use and improve energy independence.

Alongside its storage solutions, Solis’ hybrid and grid-tied inverter portfolio also drew steady interest, reinforcing the company’s ability to support the full energy lifecycle — from solar generation to storage, control and optimisation.

On-site engagement was supported by Solis’ European team, who provided technical discussions, project consultations and localised support to visitors throughout the day. Many partners highlighted the importance of strong in-country service and technical expertise when selecting long-term energy storage solutions.

Speaking on the opening day, Sandy Woodward, European Country Manager at Solis, said:, “Intersolar Europe is one of the most important platforms for the global energy industry, and it has been fantastic to see such strong interest in our full energy storage ecosystem on the first day. What we are demonstrating here is not just a series of individual products, but a complete approach to energy generation, storage and intelligent management. Across Europe and global markets, customers are looking for smarter, more flexible and more scalable solutions, and Solis is committed to supporting that transition with technologies that are simpler to deploy, easier to manage and adaptable to different application scenarios.”

The company also highlighted growing customer interest in digital energy management, with SolisCloud and Solis AI positioned as key components in helping users make smarter energy decisions, improve system performance and optimise energy use through predictive control.

During the exhibition, Solis also held an authorisation ceremony with GP Stellar Group for West and Central Africa. Held on the second day of the show, the ceremony marked an important step in strengthening Solis’ regional partner network and reflected the company’s commitment to working with local partners to accelerate storage deployment, improve in-market service capability and provide customers with more responsive regional support.

Solis will continue welcoming partners and visitors throughout Intersolar Europe 2026, hosting product demonstrations, technical discussions and networking sessions at its booth in Hall B3, Stand B3.430.

Vikran Engineering Limited has announced the cancellation of its approximately ₹354.21 crore Engineering, Procurement and Construction (EPC) contract for a 100 MW AC solar power project in Maharashtra, which was awarded by Ellume Energy MH Solar One Private Limited (SPV).

The company stated that the decision follows a detailed internal evaluation and was taken due to prolonged delays in achieving critical project readiness milestones at the client’s end. According to the company, the client was unable to provide the required Power Purchase Agreement (PPA), work commencement approvals, design clearances, scope finalisation, and mobilisation permissions within the expected timelines, resulting in uncertainty over the project’s execution.

Vikran Engineering noted that the cancellation was made through mutual understanding between both parties and that continuing with the project had become commercially unviable under the prevailing circumstances. The company further clarified that the termination is not expected to have any material adverse impact on its overall business operations, financial performance, or long-term growth outlook.

The original Letter of Award (LoA) for the turnkey EPC contract was accepted on 24 October 2025 for the development of the 100 MW AC solar power project in Maharashtra. Vikran Engineering reaffirmed that it remains focused on pursuing strategically aligned, execution-ready projects that create long-term value for its shareholders.

SAEL Industries Ltd. has held a groundbreaking ceremony for its integrated solar manufacturing facility in Jewar, Uttar Pradesh, through its wholly owned subsidiary, SAEL Solar P6 Pvt. Ltd. The company said the facility will comprise 5 GW of solar cell manufacturing capacity and 5 GW of solar module manufacturing capacity.

The project will create a 10 GW integrated solar manufacturing ecosystem. Spread across 200 acres in the Yamuna Expressway Industrial Development Authority (YEIDA) region, the facility is backed by an initial investment of ₹8,200 crore. It is expected to generate 5,000 direct and 15,000 indirect jobs. The plant will manufacture high-efficiency solar cells and TOPCon modules, strengthening India’s domestic solar manufacturing capabilities while supporting Uttar Pradesh’s emergence as a leading clean energy manufacturing hub. Going by the usual timelines, the module manufacturing setup can be expected to come up faster, probably sometime in H1 2027, while the firm will probably be hoping the cell-making operations are in place by the year-end in 2027.

Chief Minister of Uttar Pradesh, Yogi Adityanath, laid the foundation stone in the presence of Finance Minister Suresh Kumar Khanna, Industrial Development Minister Nand Gopal Gupta “Nandi”; Jewar MLA Dhirendra Singh; Members of Parliament and the Legislative Assembly, senior officials from YEIDA and Noida International Airport Limited (NIAL); industry leaders; and members of the SAEL leadership team.

Speaking on the occasion, Sukhbir Singh, Co-founder and Director, SAEL Industries Limited, said, “This is not merely an investment in infrastructure; it is India’s investment in its own energy self-reliance. Today, Uttar Pradesh is one of India’s fastest-growing states, marching confidently towards its USD 1 trillion economy goal, and we are proud to be part of that journey. We are deeply grateful to the Government of Uttar Pradesh, YEIDA, and all stakeholders for making this vision a reality.”

Laxit Awla, CEO and Executive Director, SAEL Industries Ltd., said, “The Jewar project reflects SAEL’s confidence in India’s renewable energy future and in Uttar Pradesh’s emergence as a premier manufacturing destination. As demand for domestically manufactured solar products continues to grow, this facility will strengthen the resilience of India’s solar supply chain while creating significant economic value for the region. By integrating large-scale solar cell and module manufacturing at a single location, we are building capabilities that will serve as a solid example of vertical integration in the solar sector.”

Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has announced it has crossed the significant milestone of 4 lakh scooters manufactured and sold in India. This achievement underscores Ampere’s growing presence in India’s mass electric mobility segment and reflects its steady evolution from an early EV pioneer to a trusted, high-growth brand, driving smart, accessible and affordable electric mobility solutions across India.

This momentum is anchored in Ampere’s approach focused on delivering smart, durable and safe EVs engineered for Indian roads, weather and varied terrains with a strong emphasis on lower total cost of ownership than ICE vehicles.

Ampere also recorded a 51 percent year-on-year growth in FY26, with its market share increasing from 3.6 percent in FY25 to 4.4 percent in FY26, reinforcing its position among the leading players in India’s electric two-wheeler market.

Ampere’s growing adoption is driven by products engineered to address key barriers to EV adoption. This milestone reflects growing confidence and trust in Ampere Electric Scooters be it first-time EV buyers, everyday riders, family commuters or business owners seeking practical solutions with lower costs. Based on a 100 percent LFP battery platform, it offers superior safety, thermal stability and a long lifecycle of up to ~200,000 kms.

Commenting on the milestone, Vikas Singh, MD, Greaves Electric Mobility, said, “Crossing the 4-lakh milestone reflects growing customer trust in Ampere and validates our focus on delivering dependable, value-driven electric mobility in the sub-INR 1 lakh segment. As fuel costs rise, customers are increasingly seeking practical alternatives for everyday mobility. Our focus is to make this transition simple and dependable. We believe the next phase of EV growth in India will be driven by practical, mass-market solutions and Ampere is well positioned to lead this transition. Our ‘Built for Bharat’ approach delivers solutions which not only meet these expectations but are also designed for demanding conditions with a strong focus on safety, durability and cost of ownership. As EV adoption accelerates, we remain committed to making electric mobility more accessible and relevant for the mass market.”

The Ampere Nexus, awarded with ‘Electric scooter of the year 2025’, stands as the outperformer known for its endurance and engineering credentials, validated by the recent achievements including the Kolli Hill 70 hairpin bend climb and ride to the Shipki La Pass at 13,200 ft.

The other award-winning products are: Magnus Grand recently won the title of ‘Electric Scooter of the Year 2026’, while the Magnus G-Max bagged the ‘Family Scooter of the Year 2026’ title, reinforcing Ampere’s industry credibility and trust. These achievements are making GEML’s products the preferred choice among first-time EV buyers, families and daily commuters, thereby accelerating the shift from ICE to electric mobility at scale.

The milestone includes slow speed vehicles which do not get captured in VAHAN data. Supporting this momentum, Ampere expanded its dealer, retail and service network. In FY26, Ampere strengthened its dealer network by 12 percent compared to FY25, besides revamping existing showrooms, network initiatives improved dealer productivity and customer experience. With this, currently the company has a strong retail presence across metros and emerging EV markets.

Looking ahead, the company will continue to strengthen its offerings with differentiated technology and its 100 percent LFP portfolio strengthening safety, thermal stability and lifecycle performance and low TCO for customers. With this design philosophy, Ampere is well positioned to drive mainstream EV adoption across ‘Bharat’.

The Board of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) approved the Scheme of Merger (Scheme) for merger of REC (Transferor Company) into PFC (Transferee Company) and their respective shareholders and creditors, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

The merger of REC into PFC shall create a financing entity with an aggregate loan book of over INR 11 lakh crore.

The Scheme is conditional upon and subject to, inter-alia receipt of all requisite approvals and consents required under applicable law including, approvals from the respective shareholders and creditors of both the companies, and all relevant regulatory and governmental authorities; and the Merged Entity continuing to qualify as a ‘Government Company’ under the Companies Act, 2013 and the Government of India continuing to retain majority voting rights and control in the merged entity (directly or indirectly).

Pursuant to the Scheme and valuation report, the Share Exchange Ratio for the Proposed Merger of REC into PFC shall be 88 equity shares of PFC of INR 10/- each fully paid up for every 100 equity shares of REC of INR 10/- each fully paid up to be issued to the shareholders of REC as existing on a record date to be determined by the Boards of PFC and REC (as may be applicable) at a future date.