The Union Budget 2026–27 has placed clean energy and manufacturing at the center of India’s growth strategy, unveiling targeted outlays, customs duty rationalization, and policy reforms to accelerate renewables, electric vehicles (EVs), critical minerals, and semiconductor manufacturing. The Budget, presented to Parliament by Finance Minister Nirmala Sitharaman, reinforces the government’s heavy reliance on solar-led deployment, with higher allocations for rooftop systems and farm solarization, while spending on wind, bioenergy, and grid infrastructure remains largely flat.

Listen to this article Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹6.17 billion (~$67.14 million) in the third quarter (Q3) of the

Delhi-based hospital chain Max Healthcare has signed a long-term power purchase agreement (PPA) with renewable energy solutions provider Sunsure Energy to procure 4 MW of power from the latter’s 15 MW solar project in Chitrakoot, Uttar Pradesh. The power will be delivered to Max Healthcare’s Super Specialty Hospital in Noida. The solar power procurement is expected to cut the hospital’s energy bills by 50%. In the financial year (FY) 2025, Max Healthcare utilized 56,234 GJ of renewable energy across its network, compared to 8,572 GJ in FY 2024. Within the year, its renewable energy usage stood at 17%, and it plans to expand it to 60%.

Stäubli, an industrial and mechatronics solutions provider, has announced a $10 million expansion of its manufacturing facility in Bengaluru, Karnataka.

Listen to this article The Rajasthan Electricity Regulatory Commission (RERC) has issued the draft Rajasthan Electricity Regulatory Commission (Demand Flexibility/Demand Side Management) Regulations, 2026, proposing

Listen to this article The Central Electricity Authority (CEA) has directed all state power utilities to strictly follow the ratings prescribed by it while floating

NTPC Green Energy’s (NGEL) revenue rose 29.3% to ₹6.53 billion (~$71 million) in the third quarter of the financial year (FY) 2026, from ₹5.05 billion (~$54.9 million) a year ago. Profit after tax (PAT) stood at ₹173 million (~$1.88 million), a 73.6% year-over-year (YoY) drop from ₹656 million (~$7.14 million). Earnings before income, taxes, depreciation, and amortization (EBITDA) increased 33.8% YoY to ₹5.67 billion (~$61.68 million) from ₹4.24 billion (~$46.14 million) in the same quarter last year.

Uttar Pradesh-based renewable energy company Solarworld Energy Solutions reported a revenue of ₹5.78 billion (~$62.88 million) for the third quarter (Q3) of the financial year (FY) 2026, up 184% year-over-year (YoY) from ₹2.04 billion (~$22.19 million).

Gurgaon-based energy solutions provider Luminous Power Technologies has inaugurated its first lithium-ion (Li-ion) battery assembly line at Baddi in Himachal Pradesh. The automated assembly line has an annual capacity of 500 MWh and can manufacture Li-ion battery packs for residential, commercial & industrial (C&I) storage, stationary battery energy storage systems (BESS), and e-rickshaw applications, with pack sizes ranging from 1.2 kWh to 16 kWh and system scalability up to 1 MWh.

Listen to this article China’s total installed energy storage capacity reached 213.3 GW, increasing 54% year-over-year (YoY), according to preliminary data from the China Energy

In recent standalone battery energy storage system (BESS) auctions, several companies have won projects at tariffs below the levelized cost of storage (LCOS), signaling an increasingly aggressive bidding environment. At such low tariffs, there is a fear that projects may become unviable. Industry insiders say some bidders have secured projects by hedging against a future decline in BESS prices, betting that projects will become viable at lower tariffs over time. This trend of underbidding has become more pronounced, with tariffs in a free fall.

Listen to this article Power transmission and renewable energy company IndiGrid has raised ₹15 billion (~$163.15 million) in funding through an institutional placement, bringing the total

Listen to this article New Delhi-based solar and waste-to-energy company SAEL Industries has commissioned 800 MW of solar projects at the Khavda Renewable Energy Park in Gujarat. The company

NTPC has invited expressions of interest (EoI) to develop a pilot or utility-scale project for a compressed air-based, including liquified air-based, long-duration energy storage system (LDES) with a storage capacity of up to 1,000 MWh. The last date to submit the bids is February 23, 2026, and bids will be opened the following day. The EoI does not require any earnest money deposit or bank guarantee at this stage.

Berlin-based climate fintech company Cloover has secured over $1.2 billion in funding commitments, comprising equity and debt facilities from investors, to build an AI operating system to support residential and decentralized renewable energy solutions. The funding package comprised $22 million in Series A equity financing and a $1.2 billion debt facility. The equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility was provided by a European bank to fund customer and installer financing on the platform.

Nxtra Data, Airtel’s data centre arm, has outlined its sustainability strategy and performance for the financial year (FY) 2025 in its Sustainability Report, highlighting progress in energy transition, climate action, energy efficiency, water stewardship, and green buildings. The company highlighted that an efficient energy transition was the need of the hour to meet the growing power demands of data centers.

Listen to this article The Union Cabinet has approved equity support of ₹50 billion (~$545.72 million) to the Small Industries Development Bank of India (SIDBI).

Hyderabad-based solar module and cell manufacturer, Premier Energies, has announced the commissioning of a 400 MW solar photovoltaic cell (Mono PERC) manufacturing facility at its E-City plant in Maheshwaram, Telangana, through its wholly owned subsidiary, Premier Energies Photovoltaic. The commissioning is part of the expansion of its existing facility.
Premier Energies said that after commissioning this line, its operational solar cell capacity now stands at 3.6 GW, indicating a ramp-up in its manufacturing footprint with 6.8 GW under construction.

The Gujarat Electricity Regulatory Commission (GERC) has allowed petitions filed by Gujarat Energy Transmission Corporation (GETCO) seeking amendments to the state’s wind, solar, and wind–solar hybrid tariff orders, 2024, granting significant relief to renewable energy developers by restoring longer timelines for evacuation infrastructure and commissioning. In three separate but similar orders, the Commission amended the tariff orders of 2024 to reinstate evacuation timelines of 1.5 to 3.5 years, depending on project capacity, reversing the 12–18-month timelines introduced in August 2024.

Listen to this article Asia-Pacific continues to drive global wind growth, led by China and India, as worldwide wind capacity is expected to surpass 2