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Mitarsh Energy Private Limited has achieved a major milestone by surpassing a cumulative renewable energy portfolio of 32 GW+ across solar, Wind Balance of Plant (BOP), and Battery Energy Storage Systems (BESS) projects.

The company’s portfolio comprises 28 GWp+ of solar projects, 2 GWp+ of Wind BOP projects, and 2 GWp+ of BESS projects, reflecting its strong capabilities across the renewable energy value chain. Backed by more than 17 years of industry expertise, Mitarsh Energy has successfully served over 41 clients and deployed 2,540+ technical professionals across India, reinforcing its position as a trusted engineering and project execution partner in the country’s clean energy sector.

Over the past 17 years, Mitarsh Energy has established itself as a trusted partner for renewable energy developers, IPPs, and asset owners by delivering world-class Operation & Maintenance (O&M), technical services, performance optimization, and asset management solutions. The company continues to support some of India’s largest renewable energy assets through its highly skilled workforce and strong PAN India presence.

Speaking on this achievement, Mr. Naresh Patel, Director of Mitarsh Energy Private Limited, said, “Crossing the milestone of 32 GW+ renewable energy portfolio is a proud moment for the entire Mitarsh family. This achievement reflects the trust our clients have placed in us, the dedication of our employees, and our unwavering commitment to operational excellence, safety, and quality.

India is witnessing an unprecedented transformation in the renewable energy sector, and we are honoured to contribute to this journey. With a portfolio of 28 GWp+ Solar O&M, 2 GWp+ Wind BOP O&M, and 2 GWp+ BESS O&M, supported by 2540+ technical professionals across the country, we remain committed to delivering reliable and efficient services that maximise asset performance and create long-term value for our clients.

I would like to express my sincere gratitude to our clients, partners, employees, and stakeholders whose continued support has enabled us to achieve this milestone. We look forward to expanding our contribution to India’s clean energy future and strengthening our position as one of the country’s most trusted renewable energy service providers.”

This milestone further reinforces Mitarsh Energy’s vision of becoming India’s preferred renewable energy lifecycle partner while supporting the nation’s ambitious clean energy and sustainability goals.

KP Group, a leading Indian conglomerate with a strong presence in renewable energy, solar power, green hydrogen and sustainable development, has led a high-level Indian industry delegation to Saudi Arabia as part of a strategic initiative to deepen bilateral investment, industrial cooperation and trade ties between the two nations.

The delegation was headed by Dr. Faruk G. Patel, Chairman and Managing Director, KP Group. The visit is aimed at exploring new avenues of collaboration in investment, energy, green technology and other key economic sectors between India and Saudi Arabia.

The delegation was received in Riyadh by Dr. Suhel Khan, Ambassador of India to Saudi Arabia, who welcomed the Indian industrialists and held detailed discussions on the rapidly strengthening economic relationship and emerging trade opportunities between the two countries. According to the Indian Embassy in Riyadh, the meeting placed particular emphasis on business-to-business (B2B) partnerships, investment collaboration and giving fresh momentum to long-term economic ties, with both sides agreeing that growing private-sector cooperation would prove mutually beneficial for both economies in the years ahead.

“This visit reaffirms the depth of trust between India and Saudi Arabia and the immense promise our partnership holds for the future. As Saudi Arabia advances its Vision 2030 agenda and India accelerates its own clean energy transition, there is a natural convergence of priorities around renewable energy, green hydrogen and sustainable investment. At KP Group, we see this as a timely opportunity to build meaningful, long-term collaborations that go beyond trade, partnerships rooted in shared ambition for a greener, more resilient future for both our nations,” said Dr. Faruk G. Patel, Chairman and MD, KP Group.

A key area of focus during the visit was ESG (Environmental, Social and Governance)-based investment models, with Hilal ESG Limited working actively to promote sustainability-driven investment between India and Saudi Arabia. Green energy, clean technology and environment-friendly projects are expected to form a core pillar of India-Saudi collaboration in the coming years.

India-Saudi relations, once centred largely around oil and energy trade, have in recent years expanded into defence, investment, the digital economy, startups, fintech, food security, healthcare, tourism and infrastructure. Regular high-level dialogue and meetings of the India-Saudi Strategic Partnership Council have further accelerated this momentum, with active private-sector participation now reinforcing the partnership.

This visit could pave the way for new joint ventures, investment agreements and technology partnerships between Indian and Saudi companies, generating employment, investment and innovation in both countries. With India among the world’s fastest-growing major economies and Saudi Arabia one of West Asia’s most influential markets, deepening bilateral cooperation is expected to open new avenues for regional economic stability and global investment.

RAYZON Solar Limited (Rayzon Solar), a leading Indian solar manufacturer, and Caelux Corporation (Caelux), a global leader in perovskite solar technology, today announced a monumental five-year, 5 GW partnership to integrate Caelux’s energy-producing solar glass with RAYZON Solar’s advanced TOPCon modules. Supporting the country’s “Make in India” vision through local manufacturing, this partnership will enable next-generation perovskite-plus-silicon modules with record-breaking efficiencies of 28%.

From Technology Integration to Commercial Deployment

Caelux’s energy-producing solar glass replaces the conventional top glass in a module with a second power-generating perovskite layer, also known as a Hybrid Tandem module. This creates modules with significantly greater power density than conventional silicon-only modules, accelerating the deployment of more clean energy.

“We are dedicated to fulfilling India’s vision of establishing world-class, high-quality solar manufacturing at scale,” said Chirag Nakrani, Co-Founder & Managing Director, RAYZON Solar Limited. “By partnering with Caelux, we are furthering our technology leadership and strengthening India’s position at the forefront of next-generation solar manufacturing.”

Leveraging its 11.3 GW large-scale bifacial manufacturing platform, RAYZON Solar will overlay Caelux’s energy-producing glass on its TOPCon technology to produce the highest power density modules available. 

” As India is one of the top solar manufacturing countries in the world, it is a strategic destination for us. This partnership is a critical step in Caelux’s growth trajectory as we look to scale our technology globally,” said Scott Graybeal, CEO, Caelux Corporation. “We are honoured to partner with RAYZON Solar, an award-winning and globally-respected solar module manufacturer.”

The companies are currently collaborating on early deployments, and commercial volumes are expected to be available by 2028 and eligible for India’s government-tendered utility market.

Building India’s Domestic Clean Energy Manufacturing Ecosystem

India is experiencing dramatic growth in both solar deployment and manufacturing due to the Production Linked Incentives Schemes from India’s Ministry of New and Renewable Energy (MNRE) combined with the Approved List of Models and Manufacturers (ALMM) listing requirements.

“This partnership accelerates our capability to domestically manufacture at the efficiency frontier and at the scale India needs to meet its ambitious clean energy goals of 500 GW by 2030,” said Amit Barve, CEO, Rayzon Solar Limited.

With facilities in Kim and Kosamba, Surat, Rayzon Solar’s ALMM-listed manufacturing platform provides the scale needed to commercialize the next-generation modules.  

“Having spent my career supporting both downstream project development and solar manufacturing, I am excited about the massive impact that this partnership will have for the Indian solar market,” said Vish Iyer, Managing Director, India & West Asia, Caelux Corporation.

Gautam Solar Pvt. Ltd. has just been awarded the prestigious EcoVadis Silver Medal in the latest sustainability assessment. This achievement has reaffirmed the position of the company as one of the top solar module producers in India. With a score of 78 out of 100, the recognition places the company among the Top 15% of companies assessed by EcoVadis over the past 12 months, reinforcing its commitment to responsible and sustainable manufacturing.

As the need for renewable energy is on the rise, the company works towards establishing a manufacturing ecosystem which combines operational excellence with environmental and social responsibility. It merges sustainability with its manufacturing operations in alignment with India’s clean energy transition by ethically manufacturing high-quality solar solutions.

EcoVadis is one of the leading sustainability evaluation platforms in the world. It assesses companies based on four pillars, including Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. Its ratings are widely used by global enterprises to assess the sustainability performance of suppliers and business partners. This makes the Silver Medal a significant benchmark of responsible business practices, as it demonstrates a commitment to promoting transparency across the value chain.

The award highlights the effectiveness of the company’s sustainability management systems, commitment to minimising the impact on the environment, ethical governance framework and responsible sourcing practices. By establishing sustainability at the centre of its model, the company is capable of adapting to the changes in the ESG requirements.

As for the gain, Gautam Mohanka, Managing Director, Gautam Solar Pvt. Ltd., emphasised the significance of winning the EcoVadis Silver Medal, stating, “Achieving the EcoVadis Silver Medal is an important step toward our sustainability goal. Being a solar manufacturer, we understand our responsibility above and beyond producing clean energy technologies. It is also our duty to ensure that our manufacturing process is as environmentally friendly, ethically correct, and sustainable as possible.”

Gautam Solar has been regularly making investments in modern manufacturing techniques and quality-assured systems to manufacture the most efficient solar panels. These same panels can be used in various areas like utility-scale, commercial, industrial, or even residential systems. The EcoVadis Silver Medal adds further credibility to the company’s reputation as a manufacturer focused on sustainability and meeting the increasing needs of its future global clients who are searching for reliable partners in the ESG-aligned supply chain.

The company’s focus remains on driving innovation while strengthening sustainable manufacturing practices, aligning with the evolution of the renewable energy sector. It continues to contribute to the development of a low-carbon economy, helping to make it resilient.

Trishakti Industries Ltd. has announced its entry into the wind energy equipment rental segment, marking another step in the company’s strategy to diversify its equipment rental portfolio and strengthen its presence in India’s renewable energy sector. The move comes as demand for specialised equipment continues to grow with the rapid expansion of wind power projects across the country.

The company said it will offer a range of equipment required for the installation, commissioning and maintenance of wind energy projects. By leveraging its existing expertise in heavy equipment rentals, Trishakti aims to cater to engineering, procurement and construction (EPC) contractors, renewable energy developers and infrastructure companies involved in wind power projects.

According to the company, the foray into wind energy equipment rentals aligns with its broader business strategy of expanding into high-growth sectors driven by India’s clean energy transition. The initiative is expected to complement its existing operations, which provide specialised equipment rental solutions for infrastructure, construction, railways and industrial projects.

Trishakti Industries stated that the expansion is intended to capitalise on the increasing investments in renewable energy infrastructure while broadening its customer base. The company believes the growing pipeline of wind power projects will create sustained demand for specialised rental equipment, supporting its long-term growth plans.

Thenhi village in Tamil Nadu has emerged as a model for community-led clean energy adoption under the PM Surya Ghar: Muft Bijli Yojana, with a majority of households installing rooftop solar systems and reducing their dependence on conventional grid power. The initiative has helped residents lower electricity expenses while promoting energy self-reliance.

According to the Ministry of New and Renewable Energy (MNRE), the village has witnessed widespread participation in the rooftop solar programme, with residents availing subsidies under the PM Surya Ghar scheme to install solar panels on their homes. The initiative is enabling households to generate their own electricity while contributing surplus power to the grid through the net-metering mechanism.

The government said the success of Thenhi demonstrates how decentralised renewable energy can improve household energy security, reduce electricity bills and encourage sustainable development in rural areas. The village is being showcased as an example of the impact of the PM Surya Ghar initiative in accelerating rooftop solar adoption across the country.

Launched by the Government of India, the PM Surya Ghar: Muft Bijli Yojana aims to provide rooftop solar systems to one crore households by offering central financial assistance and promoting distributed renewable energy generation. The scheme is a key component of India’s clean energy transition and its efforts to expand rooftop solar capacity nationwide.

RAYZON Solar Limited (Rayzon Solar), a leading Indian solar manufacturer, and Caelux Corporation (Caelux), a global leader in perovskite solar technology, today announced a monumental five-year, 5 GW partnership to integrate Caelux’s energy-producing solar glass with RAYZON Solar’s advanced TOPCon modules. Supporting the country’s “Make in India” vision through local manufacturing, this partnership will enable next-generation perovskite-plus-silicon modules with record-breaking efficiencies of 28%.

From Technology Integration to Commercial Deployment: Caelux’s energy-producing solar glass replaces the conventional top glass in a module with a second power-generating perovskite layer, also known as a Hybrid Tandem module. This creates modules with significantly greater power density than conventional silicon-only modules, accelerating the deployment of more clean energy.

Chirag Nakrani, Co-Founder & Managing Director, RAYZON Solar Limited, said, “We are dedicated to fulfilling India’s vision of establishing world-class, high-quality solar manufacturing at scale. By partnering with Caelux, we are furthering our technology leadership and strengthening India’s position at the forefront of next-generation solar manufacturing. Leveraging its 11.3 GW large-scale bifacial manufacturing platform, RAYZON Solar will overlay Caelux’s energy-producing glass on its TOPCon technology to produce the highest power density modules available.  As India is one of the top solar manufacturing countries in the world, it is a strategic destination for us. This partnership is a critical step in Caelux’s growth trajectory as we look to scale our technology globally,” said Scott Graybeal, CEO, Caelux Corporation. “We are honoured to partner with RAYZON Solar, an award-winning and globally-respected solar module manufacturer.”

The companies are currently collaborating on early deployments, and commercial volumes are expected to be available by 2028 and eligible for India’s government-tendered utility market.

Building India’s Domestic Clean Energy Manufacturing Ecosystem: India is experiencing dramatic growth in both solar deployment and manufacturing due to the Production Linked Incentives Schemes from India’s Ministry of New and Renewable Energy (MNRE) combined with the Approved List of Models and Manufacturers (ALMM) listing requirements.

“This partnership accelerates our capability to domestically manufacture at the efficiency frontier and at the scale India needs to meet its ambitious clean energy goals of 500 GW by 2030,” said Amit Barve, CEO, Rayzon Solar Limited.

With facilities in Kim and Kosamba, Surat, Rayzon Solar’s ALMM-listed manufacturing platform provides the scale needed to commercialize the next-generation modules.  

“Having spent my career supporting both downstream project development and solar manufacturing, I am excited about the massive impact that this partnership will have for the Indian solar market,” said Vish Iyer, Managing Director, India & West Asia, Caelux Corporation.

Adani Green Energy Ltd. (AGEL) reported a 23% year-on-year increase in EBITDA from power supply to ₹10,865 crore in FY26, supported by robust renewable capacity additions and higher energy generation during the year. Revenue from power supply rose 22% to ₹11,602 crore, while operational renewable energy capacity expanded 35% year-on-year to 19.3 GW.

The company added 5.1 GW of greenfield renewable energy capacity during FY26, compared with 3.3 GW in the previous year, marking its highest-ever annual capacity addition. Most of the new capacity was commissioned at resource-rich locations in Khavda, Gujarat, and Rajasthan, contributing to higher power generation and operational performance.

Energy sales during the year increased 34% to 37,567 million units, while the company maintained an EBITDA margin of 91%. Cash profit also rose 11% year-on-year to ₹5,399 crore, reflecting strong cash generation from its operating portfolio.

AGEL also expanded its energy storage portfolio by installing 1,376 MWh of Battery Energy Storage System (BESS) capacity at Khavda, one of the world’s largest single-location deployments. The company is targeting more than 10,000 MWh of BESS capacity by FY27 to strengthen the integration of renewable energy into the grid.

Commenting on the performance, Sagar Adani, Executive Director, Adani Green Energy, said FY26 was a landmark year for the company, driven by record greenfield capacity addition and continued progress at the Khavda renewable energy project. He noted that the expansion reinforces AGEL’s leadership in India’s renewable energy sector and supports its long-term growth strategy.

Nextpower has completed its previously announced acquisition of Prevalon Energy, a U.S.-headquartered provider of large-scale battery energy storage systems (BESS), power stabilization solutions, and lifecycle services.

This acquisition marks another milestone in Nextpower’s strategy to provide end-to-end solutions spanning power plant design, deployment, optimization, and long-term operations. With the addition of energy storage, Nextpower’s integrated platform extends beyond solar with a proven portfolio of BESS, energy management software, and power control technologies and lifecycle services supporting grid-connected storage, hybrid power plants, AI data center infrastructure, and other critical power applications. The business brings a proven track record with more than 6 GWh of energy storage systems deployed worldwide.

“We are very pleased to welcome the talented Prevalon team to Nextpower. The team will continue to be run by Tom Cornell, who led Prevalon as CEO since its founding,” said Dan Shugar, founder and CEO of Nextpower. “Reliable energy storage is foundational to designing, building, and operating critical energy infrastructure. The addition of Prevalon expands our ability to serve utility-scale customers and data centers with a broader portfolio of proven technologies from a trusted, bankable partner. It also provides Nextpower with a significant foothold in one of the fastest growing segments of the global power industry.

“As demand for electricity accelerates, utilities, power producers, data center developers, and grid operators need accountable, bankable partners that can deliver reliable, dispatchable power at unprecedented scale and speed. With our customer-centric approach, reputation for high-quality execution, and proven ability to rapidly scale, Nextpower is uniquely positioned to serve both continued growth of utility-scale solar and the rapidly growing energy storage market.”

India’s installed renewable energy capacity has increased from 76.38 GW in March 2014 to 288.58 GW as of June 30, 2026, reflecting the country’s accelerated transition towards clean energy, Minister of State for New and Renewable Energy Shripad Yesso Naik informed the Rajya Sabha.

Responding to a parliamentary question, Naik said the growth has been supported by a series of policy measures introduced by the government, including 100% Foreign Direct Investment (FDI) under the automatic route, waiver of Inter-State Transmission System (ISTS) charges for eligible renewable energy projects, renewable purchase obligations (RPOs), competitive bidding for renewable power procurement, and the establishment of Ultra Mega Renewable Energy Power Parks (UMREPPs) across the country.

The minister also highlighted flagship initiatives such as the PM Surya Ghar: Muft Bijli Yojana, PM-KUSUM, the National Green Hydrogen Mission, and the promotion of offshore wind energy and battery energy storage systems as key drivers of renewable energy deployment. He noted that the government continues to implement measures aimed at strengthening grid infrastructure, facilitating project development and attracting investments into the sector.

Naik reiterated that the government remains committed to achieving its long-term clean energy objectives, including the target of 500 GW of non-fossil fuel-based installed electricity capacity by 2030, while supporting India’s broader climate commitments and energy transition goals.