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Vikram Solar has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a Battery Energy Storage System (BESS) manufacturing facility at the SIPCOT Industrial Park in Gangaikondan, Tirunelveli district, with a proposed investment of INR 15,037 crore.

The project is expected to generate 2,670 employment opportunities and marks one of the state’s largest investments in advanced energy storage manufacturing. The MoU was signed in the presence of Tamil Nadu Chief Minister S. Joseph Vijay during an event organised by the state’s Department of Industries, Investment Promotion and Commerce.

According to the state government, the proposed facility will manufacture Battery Energy Storage Systems (BESS), strengthening Tamil Nadu’s position as a key manufacturing hub for clean energy technologies while supporting India’s growing energy storage ecosystem.

The announcement builds on Vikram Solar’s existing manufacturing footprint in Tamil Nadu. The company already operates solar PV module manufacturing facilities at Oragadam and Vallam and has also established an integrated manufacturing complex for solar cells and modules at Gangaikondan in Tirunelveli district. The new BESS facility is expected to expand the company’s clean energy manufacturing portfolio in the state.

REC Ltd. has announced that it has signed a Memorandum of Understanding (MoU) with the Tripura Renewable Energy Development Agency (TREDA), through the Department of Power, Government of Tripura, to facilitate financing of renewable energy projects worth up to INR 5,000 crore in the state.

The agreement was signed during the Destination Tripura Business Conclave 2026, to accelerate renewable energy deployment and strengthen the clean energy ecosystem in Northeast India.

The MoU was executed by Subhendu Roy, Chief Program Manager, REC Regional Office, Guwahati, and D.S. Das, Director General (In-charge), TREDA, in the presence of K. Ashish Rao, Deputy General Manager (BDM), REC Ltd., and Uttam Kumar Bargayary, Chief Manager, REC Ltd.

Under the agreement, TREDA, the nodal agency for renewable energy development in Tripura, will facilitate the implementation of renewable power projects across the state, while REC will extend financial assistance to support investments in the sector.
The collaboration aims to accelerate clean energy adoption, promote sustainable development, and unlock Tripura’s renewable energy potential through enhanced access to financing. The initiative is also expected to contribute to the broader energy transition across Northeast India by supporting the development of renewable power infrastructure, stated REC.

Replus Engitech Private Limited, a subsidiary of Bhilwara Energy Limited has been named Leading BESS Manufacturer at the IESA Excellence Awards 2026. The award was announced on July 8, 2026, during India Energy Storage Week at Yashobhoomi, Dwarka, New Delhi.

The recognition comes at a time when battery energy storage is becoming central to India’s clean energy plans. It also reflects Replus Engitech’s growing role in developing dependable, high-performance BESS solutions for renewable energy integration, power reliability and future-ready energy infrastructure.

Over the past few years, Replus Engitech has built capabilities across design, engineering, manufacturing, integration, deployment and lifecycle support for lithium-ion-based BESS solutions. Its portfolio supports stationary storage, telecom, hybrid applications and e-mobility use cases, backed by in-house expertise in Battery Management Systems and Energy Management Systems.

The company’s focus on practical innovation, stringent quality systems and application-led product development has helped it serve requirements across utility-scale, commercial, industrial, residential and e-mobility-linked storage applications.

Speaking on the achievement, Mr. Hiren Pravin Shah, Managing Director & CEO, Replus Engitech Private Limited, said, “This award is a proud moment for everyone at Replus Engitech. It validates the engineering depth, execution discipline and customer-focused approach that our teams have built over the years. As India moves towards a cleaner, more resilient and self-reliant energy future, BESS will play a decisive role in balancing renewable power, strengthening infrastructure and improving energy access. At Replus, our vision is to develop reliable, safe and scalable storage solutions from India for India and the world.”

The company’s strength lies in its advanced integration capabilities, in-house technical expertise, high manufacturing standards and experience in successfully delivering storage projects across demanding operating environments. Replus Engitech’s solutions are designed to combine safety, performance, durability and adaptability, helping customers deploy energy storage across projects where uptime, efficiency and long-term value are critical.

The IESA Excellence Award further reinforces Replus Engitech’s commitment to deepening India’s energy storage manufacturing ecosystem and contributing to the country’s net-zero and energy security goals.

As energy storage becomes a larger part of India’s renewable energy and power infrastructure plans, Replus Engitech will continue to build on its work in product development, localisation and project execution.

Montra Electric, the clean mobility brand of the Murugappa Group, today flagged off the first batch of its Rhino 5538 EV heavy-duty electric trucks from its state-of-the-art manufacturing facility in Manesar, marking the commencement of a phased large-scale deployment across key industrial sectors in India.

The flag-off underscores the rapid evolution of India’s heavy commercial vehicle market from pilot deployments to commercial-scale electrification. As fleet operators increasingly adopt zero-emission freight solutions, Montra Electric has significantly scaled up production of its Rhino platform to meet a growing order pipeline and support the accelerating transition towards sustainable logistics.

Engineered for demanding freight operations, the Rhino 5538 EV delivers high performance, exceptional reliability and a lower total cost of ownership. Designed for applications across cement, steel, infrastructure, construction materials, mining and other heavy-duty sectors, the vehicle combines operational efficiency with the performance required for long-haul and high-utilisation freight movement.

The flag-off marks the first phase of deliveries, with the remaining vehicles scheduled for deployment over the coming months, further strengthening the electrification of freight operations across multiple industrial corridors.

Mr. Jalaj Gupta, Managing Director, Montra Electric (TI Clean Mobility Pvt. Ltd.) said: “India’s heavy freight ecosystem has reached an important inflection point. Customers today are making electric trucks a part of their mainstream logistics operations rather than evaluating them through limited pilots. This shift is driving commercial-scale production at our Manesar facility, and we are proud to be supporting leading enterprises with products that combine performance, reliability and sustainability. Our focus remains on building an ecosystem that enables customers to transition confidently towards zero-emission freight.”

Mr. Navneet Sethi, CEO – eMHCV, Montra Electric (IPLTech Electric Pvt. Ltd.) said: “The conversation around electric trucking has fundamentally changed. Fleet operators are now asking how quickly they can scale, not whether the technology works. These are the most demanding freight applications, requiring uncompromised performance, high uptime and dependable operating economics. Rhino has been engineered precisely for these requirements, delivering a compelling combination of productivity, efficiency and lower total cost of ownership. With manufacturing now ramped up, we are well positioned to support the growing demand from customers across India’s industrial sectors.”

The Rhino 5538 EV combines an advanced electric powertrain, intelligent vehicle engineering and connected telematics to address the evolving needs of modern freight transportation. Designed for high-utilisation commercial operations, it delivers the performance, reliability and operational efficiency required across diverse heavy-duty applications.

Backed by a growing order book and increasing customer adoption across sectors such as cement, steel, infrastructure and mining, Montra Electric continues to strengthen its manufacturing capabilities, service network and customer support ecosystem to enable large-scale fleet electrification.

As businesses increasingly balance operational efficiency with sustainability commitments, electric heavy-duty trucks are emerging as a commercially viable solution for mainstream freight movement. The latest rollout from Montra Electric’s Manesar facility reinforces the company’s commitment to accelerating India’s freight electrification journey through indigenous innovation, advanced manufacturing and customer-centric mobility solutions.

Serentica Renewables, a leading renewable energy provider in India, has secured a loan agreement for a debt quantum of up to $345.1 million to develop and refinance a large-scale solar-wind hybrid project in Koppal, Karnataka. The funding was raised from a consortium of lenders led by the Asian Development Bank (ADB). The deal was executed through Serentica’s special purpose vehicle, Serentica Renewables India 1 Private Limited (SRI 1).

As part of the transaction, ADB has mobilized up to $ 207.1 million from Export-Import Bank of India, New Development Bank, and Sumitomo Mitsui Banking Corporation while keeping its exposure of up to $ 138 million, reaffirming strong global institutional confidence in Serentica’s vision to drive industrial decarbonisation in India.

The project will comprise 191.4 MW of ground-mounted solar photovoltaic capacity and 204 MW of wind power capacity, delivering reliable, round-the-clock renewable energy under the group captive model. The clean power generated from the project will be supplied to Bharat Aluminium Company Limited (BALCO), supporting its journey towards achieving net zero emissions by 2050.

Commenting on the partnership, Pratik Agarwal, Managing Director, Sterlite Electric, Chairman- Resonia and Serentica Renewables; said, ”Our partnership with ADB endorses Serentica’s vision to deliver round-the-clock renewable energy and plays a key role in helping us accelerate India’s industrial low-carbon transition”.

This milestone marks another significant step in Serentica’s mission to enable hard-to-abate industries transition to sustainable energy through innovative, dependable, and scalable clean power solutions. By combining solar, wind, and advanced energy management capabilities, the company is helping industrial customers decarbonise operations while maintaining competitiveness and growth.

The project is expected to generate approximately 1,073 GWh of renewable energy annually and avoid over 880,000 tonnes of carbon dioxide emissions every year, making a meaningful contribution to India’s climate ambitions of achieving 500 GW of non-fossil fuel energy capacity and reducing carbon intensity by 45% by 2030.

Beyond clean energy generation, the project is also expected to create local employment opportunities and advance gender inclusion through leadership development initiatives and workplace policy reforms. Located across dedicated solar and wind sites in Karnataka, the project has been designed to maximize renewable energy generation and ensure efficient evacuation through integrated transmission infrastructure.

With a rapidly expanding portfolio across renewable energy, storage, and round-the-clock solutions, Serentica continues to strengthen its position as a key enabler of India’s industrial decarbonisation and energy transition journey.

Novasys Greenergy Limited has announced the appointment of Rakesh Singh as its new Chief Executive Officer (CEO), reinforcing the company’s leadership team as it prepares for the next phase of expansion in the clean energy and solar manufacturing sector.

A seasoned industry professional, Singh brings decades of experience across the renewable energy, electrical, electronics and infrastructure industries. Over the course of his career, he has held leadership positions with organisations including Larsen & Toubro, Mahindra Susten, Mahindra Solarize and RenewSys India Pvt. Ltd., where he contributed to business development, operational excellence and market expansion.

According to the company, Singh’s extensive experience in corporate strategy, operations and organisational development is expected to play a key role in strengthening Novasys Greenergy’s business capabilities and supporting its long-term growth plans.

The company said the appointment reflects its continued focus on innovation, manufacturing excellence and the delivery of reliable clean energy solutions. Under Singh’s leadership, Novasys Greenergy aims to further enhance its operational efficiency, strengthen customer relationships and expand its presence in the renewable energy industry.

Welcoming the new CEO, the company expressed confidence that his strategic vision and industry expertise will help accelerate its growth journey while advancing its ambition of becoming a globally recognised solar manufacturing company.

The leadership appointment comes at a time when India’s renewable energy sector is witnessing rapid expansion, with increasing emphasis on domestic manufacturing, technological innovation and sustainable energy solutions. Novasys Greenergy believes the new leadership will further strengthen its position in this evolving market and support its long-term business objectives.

Premier Energies Limited’s new 5.6 GW solar module manufacturing facility at Seetharampur in Rangareddy, Telangana was inaugurated today by Shri A. Revanth Reddy, Hon’ble Chief Minister of Telangana, in the presence of Shri Mallu Bhatti Vikramarka, Hon’ble Deputy Chief Minister and Finance Minister, Government of Telangana, and Shri Duddilla Sridhar Babu, Hon’ble Minister for Information Technology, Electronics and Communications, Industries and Commerce, and Legislative AƯairs, Government of Telangana. 

The company also performed a ground-breaking ceremony for its 6 GWh Battery Energy Storage System (BESS) facility and 18,000 metric tonnes per annum aluminium frames facility. The Seetharampur manufacturing campus, spread across 75 acres, is the newest addition to the Premier Energies manufacturing business. 

With commissioning of the new plant, Premier Energies module manufacturing capacity has reached 11.1 GW, strengthening the company’s ability to serve domestic and international markets. The new facility houses advanced G12R TOPCon module manufacturing lines, India’s first Zero Bus Bar manufacturing unit, AGV-enabled material movement and AI-powered quality inspection systems. The automated production lines are capable of manufacturing one solar module every four seconds while maintaining precision, consistency and quality at scale. 

The ground-breaking of the 6 GWh BESS and the 18,000 MT per annum aluminium frames plants marks the company’s expansion into allied clean-energy and manufacturing segments. These projects are expected to strengthen the company’s supply chain and contribute to India’s goal of building a self-reliant clean-energy ecosystem. Once fully operational, the Seetharampur facility is expected to create 3000+ jobs empowering local communities and support a more diverse workforce. The facility has been designed with sustainability integrated into its operations, reflecting Premier Energies commitment to responsible growth. 

Speaking at the occasion, Mr. Surender Pal Singh Saluja, Chairman, Premier Energies, said: “Inauguration of the Seetharampur facility is a proud milestone in Premier Energies’ 30-year journey. What began as a vision in 1995 has grown into one of India’s leading integrated solar manufacturing platforms. This facility reflects our commitment to technology, manufacturing excellence and India’s clean-energy future.” 

Mr. Sudhir Reddy, Director, Premier Energies, said: “The Seetharampur facility represents an important step in Premier Energies’ strategy to build a more integrated, technology-led clean-energy manufacturing platform. Along with the upcoming BESS and aluminium frames facilities, this campus strengthens our ability to serve evolving customer requirements, enhance supply-chain resilience and support India’s transition towards a self-reliant clean-energy future.” 

Insolation Energy Limited has secured a major domestic order worth ₹558.29 crore (inclusive of GST) through its wholly owned subsidiary, Insolation Green Energy Private Limited (IGEPL). The contract has been awarded by NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Limited, for the supply of solar photovoltaic (PV) modules. The order is scheduled to be executed during the financial year 2026–27.

The contract marks another significant addition to Insolation Energy’s order book and reinforces the company’s growing presence in India’s renewable energy manufacturing sector. The supply of high-quality solar PV modules will support NTPC Renewable Energy’s expanding clean energy portfolio and contribute to the country’s ongoing transition towards low-carbon power generation.

According to the company’s regulatory disclosure, the order is classified as a domestic contract and will be executed over the course of FY 2026–27. The announcement was made in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, reflecting the material nature of the project.

The latest order is expected to strengthen Insolation Energy’s revenue visibility and further enhance its position in the rapidly expanding solar manufacturing industry. With increasing investments in utility-scale renewable energy projects across the country, demand for domestically manufactured solar modules continues to rise, creating significant growth opportunities for Indian manufacturers.

The award also highlights NTPC Renewable Energy’s continued focus on expanding its renewable energy capacity through large-scale solar projects. As one of India’s leading clean energy developers, the company has been actively procuring equipment and infrastructure to support its ambitious renewable energy targets, in line with the country’s broader objective of accelerating the adoption of sustainable energy solutions.

The Solar Energy Corporation of India (SECI) has cancelled its 1,000 MW Firm and Dispatchable Renewable Energy (FDRE-VIII) tender that was floated to procure surplus renewable power from existing projects with operational power purchase agreements (PPAs). The cancellation was officially announced by SECI on July 9, nearly six months after the tender was issued in December 2025.

The tender was designed to harness surplus renewable electricity that is often curtailed or remains underutilised due to grid and scheduling constraints. By procuring this excess generation from existing projects, SECI intended to improve renewable energy utilisation without requiring fresh capacity additions while supporting grid reliability and optimising available clean energy resources.

Under the proposed framework, developers owning ISTS-connected renewable energy projects with existing PPAs were eligible to participate, provided their projects were integrated with energy storage systems (ESS). The tender required successful bidders to ensure a minimum assured energy supply during designated solar hours, enabling the delivery of firm and dispatchable renewable power to the Ministry of Power under a 12-year power purchase agreement.

The initiative was viewed as an innovative approach to maximise the utilisation of excess renewable generation from operational projects while reducing renewable energy curtailment. It was also expected to establish a market benchmark for pricing surplus electricity generated by renewable projects that are intentionally oversized to ensure contractual power delivery. Developers with diversified renewable portfolios were anticipated to benefit by optimising generation across multiple assets.

SECI has not publicly disclosed the specific reason for withdrawing the tender. However, the cancellation marks a pause in one of the corporation’s efforts to enhance renewable energy integration through innovative procurement mechanisms. Despite this development, SECI continues to roll out new tenders for renewable energy, battery storage and firm power projects as part of India’s broader clean energy transition and grid modernisation programme.

China has released a new climate action plan aimed at accelerating the use of renewable energy across key sectors of its economy by 2030, with a strong focus on integrating clean electricity into industrial manufacturing, data centres and the transportation network. The initiative is part of the country’s broader strategy to reduce greenhouse gas emissions while improving the utilisation of its rapidly expanding renewable energy capacity.

The plan outlines measures to increase the direct consumption of renewable electricity by factories, logistics facilities, transport systems and large-scale data centres. It seeks to strengthen the integration of wind and solar power into industrial operations through dedicated green power supply mechanisms, expanded transmission infrastructure and improved grid flexibility. Authorities also plan to encourage industrial enterprises to adopt renewable energy for production processes, helping lower carbon emissions from one of the country’s most energy-intensive sectors.

Data centres, whose electricity demand has risen sharply with the rapid growth of artificial intelligence and cloud computing, have been identified as another priority under the new policy. China intends to promote the development of green data centres by increasing access to renewable electricity, improving energy efficiency and encouraging the co-location of computing facilities with clean energy resources wherever feasible.

The climate roadmap also places emphasis on expanding renewable energy use in the transport sector. Measures include increasing the electrification of transport systems, supporting the adoption of new-energy vehicles and promoting the use of renewable electricity in charging infrastructure. The government aims to create stronger linkages between clean power generation and end-use sectors to maximise the value of renewable energy while reducing reliance on fossil fuels.

The plan forms part of China’s long-term emissions reduction strategy and supports its national goals of peaking carbon emissions before 2030 and achieving carbon neutrality by 2060. Rather than focusing solely on adding renewable generation capacity, the new framework seeks to improve the integration and utilisation of clean energy throughout the economy, ensuring that expanding renewable resources are effectively used across industrial, commercial and transportation applications.