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INDIA SOLAR NEWS

Policy & Regulatory >

CERC Proposes Fourth Amendment Regulations 2025 on Connectivity and General Network Access

CERC proposed amendments to enhance the integration of renewable energy sources into the grid The draft introduces provisions related to restricted access and scheduling rights for various energy sources, aiming to facilitate smoother connectivity for renewable projects and improve overall grid management. Stakeholders are invited to submit feedback on these proposed changes

Ministry of Power Seeks Comments on Renewable Consumption Obligation Amendment

The Ministry of Power released a draft amendment to the Renewable Consumption Obligation (RCO) notification, initially issued on October 20, 2023 The amendment seeks to refine the framework governing renewable energy consumption, including definitions and offset provisions for various energy sources Stakeholders are encouraged to provide comments and suggestions to shape the final regulations.

CERC Issues Key Order on Renewable Energy Regulations and Grid Compliance

The Central Electricity Regulatory Commission (CERC) released a pivotal order addressing renewable energy regulations and grid compliance. This directive significantly impacts India's solar and wind energy sectors by introducing measures to enhance grid stability and streamline power procurement processes The order underscores the government's commitment to integrating renewable energy sources more effectively into the national grid, ensuring a balanced and sustainable energy mix.

CEA Approves New PMU Placement Guidelines to Strengthen Power Grid Monitoring

The Central Electricity Authority (CEA) approved guidelines for the placement of Phasor Measurement Units (PMUs) to enhance grid monitoring and stability The decision follows a meeting held on March 13, 2025, emphasizing the importance of strategically locating PMUs to improve real-time data collection and analysis, thereby bolstering the reliability of India's power grid.

Ministry of Power Issues New Guidelines for Fair RoW Compensation on ISTS

Lines

The Ministry of Power released supplementary guidelines to ensure fair, market-based compensation for landowners affected by the installation of Inter-State Transmission System (ISTS) lines The guidelines address longstanding concerns over land acquisition, aiming to balance infrastructure development with equitable treatment of landowners.

INDIA SOLAR NEWS

Policy & Regulatory >

MNRE Proposes PLI Scheme Phase-II for Solar Manufacturing Expansion

The Ministry of New and Renewable Energy (MNRE) unveiled Phase II of its Production-Linked Incentive (PLI) scheme on March 15, 2025, allocating ₹25,000 crore for solar PV manufacturing The initiative aims to support domestic production of high-efficiency solar modules, reducing import dependence and fostering selfreliance in India's solar industry Applications for incentives will open in April 2025.

BERC Proposes Draft RPO Regulations 2025 to Boost Renewable Energy in Bihar

The Bihar Electricity Regulatory Commission (BERC) issued draft regulations on March 25, 2025, setting new Renewable Purchase Obligation (RPO) targets for the state The proposal outlines compliance mechanisms, penalties for non-compliance, and support for green hydrogen initiatives Public comments are invited until April 11, 2025, with a hearing scheduled for April 16, 2025, to discuss the proposed measures

HPERC Sets Solar Tariff for 2025-26 Under Renewable Energy Tariff Regulations 2017

The Himachal Pradesh Electricity Regulatory Commission (HPERC) established levellised tariffs for solar photovoltaic (PV) projects for the fiscal year 2025-26 The tariffs apply to projects commissioned between April 1, 2025, and March 31, 2026, with rates varying based on project size and location, including distinctions for urban and industrial areas.

CEA Releases Draft Amendments to Metering Regulations 2025 for a Smarter Grid

The CEA proposed amendments to metering regulations, introducing requirements for smart meters and standardization in Advanced Metering Infrastructure (AMI) The draft aims to modernize the power grid by enhancing transparency, improving electricity accounting, and facilitating the integration of openaccess consumers through advanced metering technologies

MNRE Extends Compliance Deadline for Solar Inverters Above 100 kW to December 2025

CERC Releases Draft Regulations on Energy Storage for Renewable Integration

The Central Electricity Regulatory Commission (CERC) released draft regulations outlining the role of energy storage in renewable energy integration. The proposed guidelines cover tariff structures, grid connectivity, and revenue models for battery energy storage systems (BESS) and pumped hydro storage Stakeholders are invited to provide feedback before the final regulations are implemented later this year

CERC Approves Tariff Adoption for 3000 MW ISTS Solar Projects by NHPC Despite Delays

CERC approved the adoption of tariffs discovered through competitive bidding for 3000 MW of grid-connected solar PV projects by NHPC Limited These projects are connected to the Inter-State Transmission System (ISTS), and the approval underscores the government's commitment to expanding renewable energy capacity despite procedural delays.

Maharashtra Amends Net Metering Policy to Promote Rooftop Solar Adoption

Maharashtra's power regulator revised its net metering policy on March 11, 2025, increasing the permitted capacity for rooftop solar installations under net metering from 500 kW to 1 MW The amendment aims to encourage more residential and commercial consumers to install solar panels, aligning with the state’s renewable energy targets Consumers will also benefit from a simplified approval process.

The Ministry of New and Renewable Energy (MNRE) announced an extension of the compliance deadline for solar inverters above 100 kW capacity to December 2025 This decision provides manufacturers

Gujarat Regulator Approves Green Energy Tariff Framework for Industries

The Gujarat Electricity Regulatory Commission (GERC) approved a green energy tariff framework allowing industries to procure renewable energy at preferential rates The initiative supports Gujarat’s industrial sector in reducing carbon footprints while ensuring cost competitiveness Eligible industries can opt for solar or wind power through long-term contracts with green energy providers.

INDIA SOLAR NEWS

Think Tank >

India Achieves 100 GW Solar Milestone, Accelerates Toward 500 GW Clean Energy Target – Report

India has achieved 100 GW of solar power capacity by January 2025, with a target of 500 GW of non-fossil fuel energy by 2030 Solar power’s share in renewable capacity has grown from 10% to over 60% in the last decade In 2024, India added 24 5 GW of solar, with 18 5 GW from utility-scale projects Despite a dependency on imports, India’s solar module exports have surged, especially to the US The government is boosting domestic manufacturing and policy support, aiming to reduce imports and increase solar infrastructure investment.

India’s Unique Energy Growth Path Poised for Sustainable Expansion, Says Wood Mackenzie

India is poised for balanced growth, focusing on high-value manufacturing and renewable energy. By 2033, the economy could reach US$9 trillion, with significant increases in coal, oil, and power demand India’s industrial sector is less energy-intensive than China’s past boom, aiding a sustainable transition to a low-carbon economy While India’s growing demand may influence global energy prices modestly, its shift toward low-carbon technologies could enable faster decarbonization Investments in the p

India’s Power Sector Reforms Target 500 GW Clean Energy Capacity By 2030 For A Sustainable Future – Report

India’s power sector is transforming to meet sustainability and clean energy goals Regulatory reforms, such as the Electricity Act of 2003 and Green Energy Open Access Rules, have spurred renewable energy growth. However, challenges remain, including financial instability in state-run distribution companies, transmission delays, and policy inconsistencies. Despite this, successful cases like Gujarat and Madhya Pradesh show the potential for progress Advancing discom finances, enhancing transmission planning, and ensuring regulatory consistency are crucial for India to achieve its renewable energy and climate targets

Study Warns Climate Change and Pollution Could Impact India’s Solar Power Goals

India's solar energy goals could face setbacks due to climate change and air pollution, as a study from IIT Delhi suggests. By 2041-2050, solar panel efficiency could decline by 3.3%, potentially leading to annual losses of 600-840 GWh The study highlights the importance of solar radiation and environmental factors, emphasizing the need for strong air pollution controls and climate action to mitigate future impacts on solar power generation and meet renewable energy targets

DBS Bank’s 2024 Sustainability Report Highlights India’s Clean Energy and Financial Inclusion Efforts

DBS Bank is advancing sustainable finance and inclusive growth across Asia. Its 2024 Sustainability Report highlights support for transition finance, RTC renewable energy, and smart grid solutions DBS has expanded rural banking in India, reaching 134 villages, and grew Priority Sector Lending to SGD 3.4 billion. Women’s workforce representation rose to 31%, with a 35% target by 2026 DBS also strengthened green infrastructure, adding five renewable

India’s Clean Energy Pathway: Scaling Up To 600 GW Non-Fossil Capacity By 2030 For Reliable And Affordable Power – CEEW

India must scale up non-fossil-fuel power capacity to 600 GW by 2030 to meet rising demand, per a CEEW study The report highlights challenges like land acquisition and grid connectivity but emphasizes benefits, including lower electricity costs, reduced emissions, and job creation Achieving this target requires battery storage, pumped hydro, and coal plant flexibility. Experts urge policy innovation, smarter grid planning, and strong central-state collaboration for a reliable, affordable energy transition

INDIA SOLAR NEWS

India’s Clean Power Auctions Reach Record 59 GW In 2024, Driven By Hybrid And Complex Renewable Projects

India’s clean power auctions hit a record 59 GW in 2024, growing 2 3 times year-on-year Hybrid and peak power projects surged, with Avaada, JSW Energy, and Adani Green securing top bids. Solar tariffs fell slightly, while wind tariffs rose due to higher costs. Private IPPs dominated with 86% of bids, while new entrants, including global firms, expanded their presence, reflecting India’s rising power demand and renewable energy growth

India Accelerates Clean Energy Transition Despite CO2 Emissions Rise In 2023 – Report

Global CO2 emissions hit 37 4 billion tonnes in 2023, rising 1 1% due to increased coal use and weak hydropower output. India’s emissions grew by 190 million tonnes, surpassing the EU as the third-largest emitter. Despite record clean energy deployment, China and India relied on coal to meet energy demand Advanced economies cut emissions by 4 5% Renewable energy expansion offers hope, but faster deployment is needed for climate goals.

Think Tank > Investment >

NTPC Group Signs ₹96,000 Crore Agreements With Chhattisgarh For Nuclear, Hydro, And Renewable Energy Projects

NTPC Group has announced a major investment of ₹96,000 crore in Chhattisgarh, providing a significant boost to India’s sustainable energy initiatives and supporting the country’s energy transition and Net Zero goals. NTPC Limited, along with its subsidiary NTPC Green Energy Limited, signed multiple agreements with the Government of Chhattisgarh to develop various energy projects in the state. These projects will include nuclear, pumped hydro, and renewable energy sources such as solar, wind, and hybrid technologies.

AMPIN Energy Transition Secures $50 Million Investment From Siemens To Strengthen India’s Renewable Energy Growth

AMPIN Energy Transition has secured a $50 million investment from Siemens Financial Services, the financing arm of Siemens AG The funding will support AMPIN’s expansion across Commercial & Industrial (C&I) and utility-scale renewable energy projects, as well as its broader energy transition initiatives This marks AMPIN’s third major investment transaction in the current financial year, bringing its total equity capital raised to $270 million in 2024 alone

India’s Record Renewable Energy Tenders Face Challenges Amidst Growth

India issued a record 73GW of renewable energy tenders in 2024, surpassing targets Nearly half included hybrid and storage solutions. However, challenges like tender undersubscription (8 5GW), unsigned power sale agreements (40GW+), and rising cancellations (38.3GW since 2020) threaten progress. Experts urge better planning, timely PSA signings, and streamlined processes to sustain investor interest and meet India’s 2030 renewable energy goals efficiently.

Hindustan Power Inks ₹620 Cr MoU with Assam Govt For Solar and Battery Storage Projects

Hindustan Power has signed a Memorandum of Understanding (MoU) with the Government of Assam to invest ₹620 crore in renewable energy projects, including a 100 MW solar power plant and a 100 MW battery energy storage system. The company will allocate ₹500 crore for the solar plant and ₹120 crore for the battery storage system, aiming to strengthen Assam’s energy infrastructure while generating over 5,000 man-days of employment

Amrut Energy Secures ₹100 Crore Investment To Expand Solar Solutions

Amrut Energy Pvt Ltd, a manufacturer of solar water pumps and renewable energy solutions, has successfully secured ₹100 crores in funding from private equity investors The investment is set to accelerate the company’s expansion, enhance manufacturing capabilities, drive research and development, and scale operations in underserved regions

Borosil Renewables Completes ₹17.82 Crore Investment In 16.50 MW Hybrid Solar-Wind Project

Borosil Renewables Limited has completed its committed investment in Clean Max Prithvi Private Limited (CMPPL), a renewable energy company developing a 16.50 MW hybrid solarwind power plant in Gujarat The investment was made under an exclusive agreement for the procurement of renewable power to support captive consumption.

INDIA SOLAR NEWS

Investment >

ACME Group Aims For ₹10,000 Crore Revenue In Solar Module & Solar Cell Manufacturing Business By 2030

ACME Group is expanding its business operations into solar equipment manufacturing. As part of its strategic diversification plan, the Gurgaon-based group aims to generate ₹10,000 crore in revenues by 2030 through its solar module and solar cell manufacturing businesses To mark its entry into this sector, ACME Group has invested approximately Rs 230 crore to set up a solar module manufacturing facility in Jaipur, Rajasthan This newly commissioned facility has an annual production capacity of 1 2 gigawatts (GW) and currently employs over 700 people

Prozeal Green Energy Files Draft Papers For ₹700 Crore IPO With SEBI

Prozeal Green Energy has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth ₹700 crore. The offering comprises a fresh issue of equity shares amounting to ₹350 crore and an offer-for-sale (OFS) of ₹350 crore by the company’s promoters and investors. The company may also explore a pre-IPO placement of up to ₹70 crore, which would reduce the fresh issue size accordingly

ONGC Green Acquires PTC Energy For ₹1,179 Crore, Strengthening Clean Energy Push

ONGC Green Limited (OGL) has successfully acquired PTC Energy Limited (PEL) from PTC India Limited for ₹1,179 crore The transaction, which aligns with ONGC’s broader green energy ambitions, was officially completed on March 19, 2025. PTC India confirmed in a regulatory filing that it received the remaining ₹254 crore from ONGC Green on March 19 after business hours, following an earlier payment of ₹925 crore on March 4 With this final payment, the full divestment of PTC Energy has been executed as per the agreed Share Purchase Agreement

AmpereHour Energy Secures $5 Million To Power the Future Of Smart Energy Storage

Energy storage startup AmpereHour Energy has raised $5 million (approximately ₹43.6 crore) in a funding round led by Avaana Capital, with participation from UC Impower and existing angel investors This latest investment follows the company’s earlier funding round, where it secured $2.45 million from AngelList and other investors The fresh capital will be utilized to strengthen manufacturing and software capabilities, boost research and development efforts, and accelerate product innovation

INOXGFL Group Plans ₹5,000 Crore IPO For INOX Clean Energy by FY26

INOXGFL Group is preparing to list its renewable energy arm, INOX Clean Energy, on the domestic stock exchanges in the 2025-26 financial year, aiming to raise ₹5,000 crore, according to industry sources The public issue is expected to dilute 10-15% of the company’s equity, valuing INOX Clean Energy at approximately ₹50,000 crore (USD 6 billion) Once listed, it will become the fifth entity from the USD 12 billion INOXGFL Group to debut on Indian exchanges.

Chhattisgarh Secures Over ₹3 Lakh Crore Investments In Energy Sector

Chhattisgarh secured over ₹3 lakh crore in energy sector investments at the 2025 Energy Investors Summit, spanning nuclear, thermal, solar, and pumped storage projects Major players like Adani Power, Jindal Power, and NTPC are leading the charge Key highlights include ₹1.07 lakh crore for thermal power, ₹80,000 crore for a 4200 MW nuclear plant and 2,500 MW of solar projects With 20,000 solar pumps planned under PM-Kusum, Chhattisgarh is emerging as a major energy hub driving sustainable growth

Odisha

Allots Land To INOXGFL For ₹4,000 Crore Solar Manufacturing Facility In Dhenkanal

The Odisha Government has officially allocated land to INOXGFL Group for the establishment of a large-scale solar manufacturing facility in the Dhenkanal district The plant, with a proposed capacity of 4.8 GW for both solar cells and modules, marks a significant milestone in India’s renewable energy journey Approved by the state’s High-Level Clearance Authority (HLCA), the project is backed by a ₹4,000 crore investment and will span across 78 acres It is expected to generate over 3,400 employment opportunities, further contributing to Odisha’s economic and industrial development

COVER STORY

HOW SOL IS TRANSF GRID Powering Ind

India is undergoing a remarkable ener this change is the growing synergy between solar power and energy storage systems As the country races toward its renewable energy goals, integrating solar energy with storage solutions is proving to be a game-changer Together, they are not just generating clean power but also transforming the entire energy grid into a smarter, more reliable, and sustainable system.

The government’s ambitious target of achieving 500 GW of non-fossil fuel energy capacity by 2030 has set the pace for rapid solar power deployment across the country India’s vast potential for solar energy, thanks to its geographic location, has led to significant investments in solar photovoltaic (PV) technology Over the last decade, the country has become one of the world’s largest solar markets However, the nature of solar energy, which is intermittent and dependent on sunlight, presents challenges for maintaining a steady and reliable power supply. This is where energy storage becomes critical.

Energy storage systems (ESS), particularly battery energy storage systems (BESS), are essential for balancing supply and demand They store excess solar energy produced during the day and release it when sunlight is not available at night or during cloudy weather. This ensures continuous power supply and helps stabilize the grid More importantly, storage solutions make renewable energy dispatchable, allowing it to replace conventional power generation and reduce dependency on fossil fuels

The combination of solar and storage is addressing key challenges that have long affected India’s power sector One major issue has been grid stability, particularly with the increased integration of variable renewable energy sources like solar and wind Without storage, these fluctuations can cause imbalances in the power supply, leading to voltage instability and grid disturbances Battery storage helps by providing fast-response balancing power, voltage support, and frequency regulation, making the grid more resilient

with financial and operational challenges, solar plus storage presents an opportunity to reduce transmission and distribution losses Localized solar generation paired with storage can supply power directly to consumers, including in remote and rural areas, reducing the need for costly grid infrastructure expansions This not only improves energy access but also enhances the quality and reliability of electricity supply.

On the consumer side, industries and businesses are increasingly adopting solar with storage to manage energy costs and improve energy security Commercial and industrial consumers are using rooftop solar systems paired with battery storage to reduce their reliance on grid power, avoid peak demand charges, and ensure uninterrupted operations during outages

Government initiatives are further driving the adoption of solar plus storage. The Production-Linked Incentive (PLI) scheme for battery manufacturing, coupled with policies promoting energy storage in renewable energy projects, is helping to develop domestic capabilities and lower costs Additionally, the Green Energy Open Access Rules allow consumers to procure renewable energy more easily, opening up new markets for solar and storage developers.

As battery costs continue to decline and technology advances, India’s solar plus storage sector is expected to grow rapidly Large-scale projects, such as hybrid solar and storage plants and solar parks with integrated storage, are already underway in several states. These developments will play a crucial role in helping India meet its climate commitments, ensure energy security, and support economic growth through a cleaner and more reliable power system

In the coming years, the combination of solar power and storage will not just complement India’s energy transition but will also lead it, powering the nation’s future with sustainable and resilient energy solutions

CURRENT AFFAIRS

IMPACT OF ALMM ORDER AND DCR MANDATES ON INDIA’S SOLAR + STORAGE GROWTH

The Approved List of Models and Manufacturers (ALMM) Order and the Domestic Content Requirement (DCR) mandates have significantly shaped the trajectory of India’s solar energy sector As the country advances towards achieving its ambitious renewable energy targets, these policies are playing a crucial role in strengthening domestic manufacturing. However, their impact on the growth of solar-plusstorage projects is complex, presenting both opportunities and challenges

The ALMM Order was introduced by the Ministry of New and Renewable Energy (MNRE) to ensure the quality and reliability of solar photovoltaic (PV) modules deployed in government-supported projects The intent was to promote high-performance products and curb the use of substandard imports. The DCR mandates, on the other hand, require the use of domestically manufactured solar cells and modules for specific projects, especially those supported by government programs such as PM-KUSUM and the rooftop solar scheme Together, these policies aim to boost India’s self-reliance in solar manufacturing, reduce dependency on imports, and support the ‘Make in India’ initiative.

While the ALMM and DCR policies have encouraged the establishment of new manufacturing facilities and helped improve quality standards, they have also contributed to higher project costs Developers are finding it challenging to balance the cost implications of using domestic modules, which are often more expensive than imported alternatives, with the competitive tariffs expected in solar tenders This cost sensitivity is particularly evident in solar-plus-storage projects, where the economics are already more complex due to the added cost of battery energy storage systems (BESS).

The additional financial burden has slowed the pace of solar-plus-storage project adoption Storage is critical for ensuring renewable energy availability during non-generation hours and for enhancing grid stability However, with higher module costs driven by ALMM and DCR mandates, coupled with the still evolving battery manufacturing ecosystem in India, project viability becomes a concern. Developers are cautious about committing to large-scale solar-plus-storage projects without clear policy incentives or financial support mechanisms

Despite these challenges, there are positive signs. The government is actively working to strengthen India’s battery storage manufacturing capacity through schemes like the Production Linked Incentive (PLI) program for advanced chemistry cell batteries As storage costs decline over time with scale and technological advancement, the economic feasibility of solar-plus-storage projects is expected to improve

Moreover, initiatives such as the waiver of ALMM compliance until March 2024 have provided temporary relief to developers, allowing them to source cheaper imports in the short term However, clarity and consistency in policy implementation are essential to provide long-term confidence to investors and project developers.

Ultimately, the ALMM and DCR mandates align with India’s vision of becoming a global renewable energy hub While they pose near-term challenges for solar-plus-storage growth, particularly in terms of costs and supply chain readiness, these policies are also laying the foundation for a resilient and self-reliant renewable energy sector Over time, as domestic capacities scale up and policy frameworks evolve to include storage-specific incentives, India’s solar-plus-storage sector is likely to witness accelerated growth, contributing significantly to the country’s 500 GW non-fossil fuel energy target by 2030

ADVANCES IN LITHIUM-ION AND BEYOND: INDIA’S ENERGY STORAGE TECHNOLOGY ROADMAP

India’s energy transition journey is accelerating, driven by its ambitious renewable energy targets and growing energy demands Central to this transformation is the role of energy storage systems (ESS), which are vital for integrating intermittent solar and wind power into the national grid Among the various storage technologies, lithium-ion batteries have emerged as the frontrunner due to their high energy density, efficiency, and declining costs However, as the demand for more sustainable and scalable solutions increases, India is also exploring advanced battery chemistries and next-generation storage technologies that go beyond lithium-ion Together, these advances are shaping India’s energy storage roadmap, ensuring that solar energy, coupled with storage, becomes a reliable and consistent power source

Lithium-ion batteries remain the backbone of India’s energy storage landscape, especially for grid-scale solar applications Their ability to provide fast response times, high round-trip efficiencies (over 90%), and long cycle life has made them the go-to technology for solar-plusstorage projects. The increasing adoption of lithium iron phosphate (LFP) batteries, known for their thermal stability and safety advantages, has further accelerated their deployment in India Leading players in the Indian renewable sector are already deploying large-scale battery energy storage systems (BESS) using lithium-ion technology These systems help manage peak loads, balance demand and supply, and provide backup during grid outages, making solar energy a firm and dispatchable power source

India’s focus on domestic manufacturing of lithium-ion cells and batteries is a key aspect of its energy storage roadmap The government’s Production-Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) manufacturing aims to establish a robust battery supply chain, reduce dependence on imports, and foster innovation. Companies like Reliance New Energy, Ola Electric, and Amara Raja are investing heavily in setting up giga factories for lithium-ion cell production These initiatives are not only expected to bring down the costs of battery systems but also create a self-reliant ecosystem that supports India’s clean energy ambitions.

While lithium-ion technology dominates the current landscape, India is actively exploring alternatives to address sustainability concerns, raw material constraints, and the need for longer-duration storage Among the promising technologies are sodium-ion batteries, which offer lower costs and abundant raw material availability Unlike lithium, sodium is widely available and cheaper, making sodium-ion batteries a viable

option for large-scale stationary storage applications Companies like Faradion, acquired by Reliance, are working on scaling sodium-ion technology for commercial use in India.

Flow batteries, particularly vanadium redox flow batteries (VRFB), are also gaining attention for their ability to provide long-duration storage (up to 10 hours or more) These batteries are well-suited for grid-scale applications, offering scalability, safety, and a longer lifespan with minimal degradation Pilot projects in states like Gujarat and Maharashtra are testing the viability of flow battery systems for renewable integration. Another area of interest is solid-state batteries, which promise higher energy densities, improved safety, and longer life cycles compared to conventional lithium-ion batteries Although still in the research and development phase, several Indian research institutions and private companies are investing in this technology, eyeing future applications in both electric vehicles and stationary energy storage

Thermal energy storage and green hydrogen are also part of India’s longterm storage strategy Thermal storage systems, using molten salts or phase change materials, are being explored for solar thermal plants and industrial applications. Meanwhile, green hydrogen, produced from renewable energy sources, offers the potential for seasonal storage and decarbonizing hard-to-abate sectors

India’s energy storage roadmap is being guided by the need to balance cost, performance, and sustainability The National Energy Storage Mission, along with state-level initiatives, aims to create policy frameworks, financial incentives, and regulatory clarity to accelerate storage deployment. As solar energy becomes a larger part of India’s energy mix, the integration of advanced storage solutions will be critical to ensuring grid stability, reliability, and the successful realization of the country’s 500 GW non-fossil fuel target by 2030

The convergence of solar with storage technologies marks a significant step toward energy independence and sustainability Advances in lithium-ion batteries and emerging alternatives are paving the way for a resilient, low-carbon future, where clean energy is available around the clock, supporting India’s vision of a greener tomorrow

C&I MARKET SURGE: HOW BUSINESSES IN INDIA ARE ADOPTING SOLAR + STORAGE FOR ENERGY COST SAVINGS

transformation as businesses increasingly adopt solar energy combined with battery storage solutions. The rising cost of electricity, coupled with ambitious corporate sustainability targets, has led many companies to explore renewable energy alternatives Solar power, once viewed primarily as a means to reduce energy bills, is now being paired with energy storage systems to provide a reliable, round-the-clock energy supply and greater control over consumption

One of the major drivers behind the surge in solar plus storage adoption in India’s C&I segment is the opportunity to significantly reduce energy costs Businesses with high energy consumption, such as those in manufacturing, data centers, and commercial complexes, are realizing that integrating battery storage with solar PV systems not only offsets grid electricity usage during peak hours but also allows them to manage demand charges effectively. This combination helps in reducing dependence on grid power, which is often subject to fluctuating tariffs and power outages

The increasing availability of financing options is also helping businesses overcome the high upfront costs traditionally associated with solar and battery storage installations Models such as Power Purchase Agreements (PPAs) and solar leasing are allowing C&I consumers to adopt solar-plus-storage without large capital expenditures Under these models, third-party investors fund and operate the systems, while the business pays only for the energy consumed, often at a rate lower than conventional grid tariffs As battery prices continue to fall and technological advancements improve efficiency, the return on investment for these solutions is becoming more attractive

Government policies are playing an important role in encouraging the adoption of solar plus storage solutions in the C&I sector Initiatives like

g

and the Green Energy Open Access Rules have created a favorable regulatory environment. These policies enable businesses to procure renewable energy at competitive rates and even participate in energy trading markets, offering additional revenue streams and energy cost savings

One of the key benefits of pairing solar with storage is the ability to ensure energy reliability Many industries experience production losses due to frequent power outages and voltage fluctuations, particularly in regions with weak grid infrastructure Energy storage systems address these issues by providing backup power, stabilizing voltage, and improving overall power quality This is especially valuable for industries with critical processes that cannot afford downtime.

Additionally, the shift toward sustainability is motivating many companies to adopt solar plus storage as part of their environmental, social, and governance (ESG) goals. Corporations are increasingly prioritizing carbon reduction in their operations and supply chains, and renewable energy procurement has become a core component of this strategy By deploying solar plus storage systems, businesses can directly reduce their carbon footprint while showcasing their commitment to sustainability to customers, investors, and regulators

As India moves toward its target of 500 GW of non-fossil fuel capacity by 2030, the C&I sector’s adoption of solar plus storage will play a crucial role With rising energy costs, favorable policies, and improved technologies, more businesses are expected to transition to this integrated solution, leading to greater energy independence and longterm cost savings

INVESTMENT OUTLOOK

GREEN BONDS AND CLIMATE FUNDS: FUELLING INDIA’S

ENERGY STORAGE REVOLUTION

India’s journey toward a sustainable and decarbonized energy future has placed a sharp focus on renewable energy and energy storage systems As the country works toward its ambitious target of achieving 500 GW of non-fossil fuel energy capacity by 2030, integrating solar power with storage solutions has become critical In this transition, green bonds and climate funds are emerging as key financial instruments, fuelling the energy storage revolution and enabling large-scale deployment of solarplus-storage projects.

Green bonds have witnessed exponential growth in India over the past few years. In 2023 alone, Indian issuers raised over tens of billion of dollars through green bonds, marking a significant rise from previous years These bonds are specifically earmarked for funding environmentally friendly projects, including renewable energy and energy storage systems The Reserve Bank of India (RBI) has also issued guidelines encouraging banks to increase their lending to green projects, further strengthening the financial ecosystem supporting clean energy With global investor interest in sustainable finance increasing, Indian developers are tapping into these funds to finance energy storage technologies that are essential for ensuring grid stability and managing the intermittency of solar power.

Climate funds are also playing a major role in India’s energy storage push Institutions such as the Green Climate Fund (GCF) and the Global Environment Facility (GEF) have extended support to India’s renewable initiatives, with a portion of these funds allocated toward battery storage projects In 2024, India received over $1 billion from various international climate funds aimed at accelerating clean energy deployment These funds are helping bridge the viability gap for battery energy storage systems (BESS), which remain capital-intensive despite falling costs

Green bonds and climate funds are instrumental in addressing these financing challenges By offering lower-cost capital and risk mitigation, they attract both public and private sector investment into large-scale solar-plus-storage projects These financial tools are supporting projects like NTPC’s recent tender for 500 MW of battery storage linked to solar projects, as well as Tamil Nadu’s 500 MW/1,000 MWh storage project under its green energy corridor initiative.

The Indian government has introduced policy initiatives that complement these financial mechanisms The Production Linked Incentive (PLI) scheme for advanced chemistry cell (ACC) battery manufacturing, with a budget of ₹18,100 crore, is designed to boost domestic manufacturing of energy storage technologies In parallel, the draft National Energy Storage Policy outlines a comprehensive framework for scaling up energy storage deployment, making it more attractive for investors

As India’s renewable energy capacity expands, the need for storage solutions to manage peak demand, stabilize the grid, and ensure roundthe-clock power supply is becoming more urgent Green bonds and climate funds are not just financial instruments; they are enablers of this transformation By mobilizing capital toward integrated solar and storage projects, they are helping India move closer to its climate commitments while creating a resilient, future-ready energy system

The convergence of innovative financing models, supportive policies, and advanced technology solutions is laying the foundation for India’s solar-with-storage revolution As investor confidence continues to grow, green bonds and climate funds will remain central to unlocking the full potential of energy storage in India’s renewable energy landscape.

EMPOWERING RURAL INDIA: MINI-GRIDS AND STORAGE FOR RELIABLE POWER IN REMOTE AREAS

In rural India, access to reliable electricity remains a challenge for millions. Despite significant strides in expanding the national grid, many remote areas still experience frequent power cuts or have no access to electricity at all The lack of reliable power has a direct impact on livelihoods, education, healthcare, and the overall quality of life in these communities To address this gap, mini-grids powered by solar energy and integrated with energy storage systems are emerging as a sustainable and practical solution

Mini-grids are localized power systems that generate and distribute electricity within a small, defined area In India, solar-powered mini-grids have proven particularly effective in providing clean, affordable energy to villages that are either off the main grid or suffer from unreliable supply The integration of battery storage into these systems ensures round-the-clock power availability, even when sunlight is not available. This combination of solar with storage is transforming the energy landscape of rural India by offering a reliable and resilient power solution

One of the key advantages of solar mini-grids is their ability to harness India’s abundant solar resources Villages that once relied on kerosene lamps or expensive diesel generators now have access to clean energy for lighting, irrigation, small businesses, and even powering essential services like schools and health clinics With battery storage, these communities can store excess energy generated during the day and use it after sunset, ensuring an uninterrupted power supply This reliability has a profound impact, enabling children to study at night, improving healthcare services through the operation of medical equipment, and boosting productivity for local businesses

The government of India, along with private sector companies and nonprofit organizations, is actively promoting solar mini-grids in rural areas Initiatives like the Pradhan Mantri Kisan Urja Suraksha evam Utthaan

Mahabhiyan (PM-KUSUM) scheme encourage the adoption of renewable energy in agriculture, while other programs focus on decentralized renewable energy solutions Companies working in this space have introduced innovative business models, such as pay-as-you-go systems and micro-financing options, to make solar power affordable for rural households and small enterprises

Energy storage plays a crucial role in maximizing the benefits of these systems Modern lithium-ion batteries and other advanced storage technologies offer improved efficiency, longer lifespans, and lower maintenance compared to older solutions These batteries ensure that solar power can be used during cloudy days and at night, addressing the intermittency issues that once limited the effectiveness of solar energy in rural settings

Successful examples of solar mini-grids with storage can be found across several states in India, including Uttar Pradesh, Bihar, and Jharkhand In these areas, entire villages are now powered by decentralized solar systems that offer consistent and clean energy These projects are not only improving living conditions but also creating new economic opportunities Local residents are being trained in maintaining and operating these systems, generating employment, and fostering skills development within the community.

As India continues its journey towards achieving its renewable energy goals, solar mini-grids with storage hold immense potential for rural electrification. They provide an inclusive and sustainable solution that empowers rural communities, supports local economies, and contributes to the larger goal of energy access for all With continued innovation, supportive policies, and active participation from both public and private sectors, solar with storage can light up the future of rural India.

Bridging the Energy Gap

How Renewable Energy & Storage Systems are Revolutionising India's Power Sector

The renewable energy (RE) power generation capacity (including large hydro) in the country increased at a CAGR of 10 5% over the past decade and stood at 215 GW as of February 2025, constituting 45.6% of the overall power generating capacity, led by the strong policy support and tariff competitiveness of solar and wind power This trend is expected to continue over the next five years amid continued policy support to achieve India’s energy transition goals The RE capacity required to meet the notified renewable purchase obligation (RPO) trajectory is estimated by ICRA at 440 GW by FY2030, considering an annual electricity demand growth of 6 0% This translates into an annual capacity addition of ~45 GW over the next five years with majority of it driven by solar capacity

The National Electricity Plan (NEP), approved by the Government of India (GoI), expects the share of renewable (RE) plus large hydro in the all-India electricity generation to increase to 35% by FY2027 and further to 44% by FY2032, compared to 21% in FY2024 ICRA estimates the share of RE and hydro to increase to over 35% by 2030, led by the large RE capacity addition Achieving such high RE share would require development of energy storage systems (ESS) to manage the intermittency associated with wind and solar power The storage capacity is expected to be used to meet the evening peak demand, when solar energy is not available, and to enable grid operators to manage the variable generation associated with solar and wind resources ICRA estimates all India ESS capacity requirement to be about 50 GW by 2030 with 5-6 hours of storage, which will be met through a mix of battery energy storage systems (BESS) and pumped storage hydro projects (PSP)

Apart from storage capacities at a grid level, the RE intermittency would be managed at the generator level through a combination of hybrid RE projects complemented with storage systems to provide round-the-clock (RTC) and firm & dispatchable RE (FDRE) supply to the grid The Central nodal agencies have also issued tenders for a combination of solar plus storage projects Further, the Government recently directed the bidding agencies to include a requirement of having 10% of the installed solar project capacity as storage capacity with a two-hour storage requirement in all upcoming solar tenders

Since April 2023, the Central nodal agencies have completed the reverse auction for over 16 GW capacity in RTC, FDRE and solar plus storage segment. The tariffs discovered in these bids remain highly competitive

The cost of storage systems, in addition, has been coming down, as seen in the recent bids The bid tariff for the BESS projects declined from over Rs. 10 lakhs/MW/Month in 2022 to less than Rs. 4.0 lakhs/MW/Month in recent bids driven by the decline in battery prices Considering the viability funding (VGF) available in certain bids, the discovered tariff is below Rs 2 5 lakhs/MW/Month, translating into storage cost of less than Rs 3 0 per unit for four hours of storage per day (without considering the cost of input power). Similarly, the bid tariff for PSP projects declined from Rs 1 48 crore per MW per annum in 2023 to Rs 0 84 crore per MW per annum in 2024 and further to Rs 0 77 crore per MW per annum in the recent bid by Uttar Pradesh utility The sharp decline in bid tariffs has led to a moderation in the cost of storage to less than Rs. 4.0 per unit using PSP projects with eight hours of storage per day

Overall, the sector is moving from standalone solar and wind projects to a combination of solar and wind power projects, complimented with storage capacities as well as development of standalone storage capacities, thereby driving the energy sector to a renewables dominated future

The Role of Energy Storage in Scaling Indian Solar PV From Intermittency to Reliability

India's solar journey has been remarkable, with installed capacity reaching 102 56 GW, constituting 21 8% of our national power mix This represents a staggering 3450% growth from just 2 82 GW in 2014 However, as we pursue our ambitious target of 500 GW of renewable energy by 2030, we face a fundamental barrier: intermittency. Solar power, while abundant during daylight hours, cannot serve evening demand peaks, creating reliability challenges Energy storage emerges as the critical solution to transform intermittent solar into dependable, round-the-clock power The integration of effective storage solutions has become essential not just for achieving national targets, but for making solar a reliable backbone of India's energy future

The Intermittency Challenge

The "Duck Curve" phenomenon, where evening demand spikes as solar generation drops, creates significant strain on our aging grid infrastructure. Weather variability compounds this challenge - while India enjoys abundant sunshine, seasonal variations like monsoons impact generation reliability Even in optimal weather, the mismatch between peak solar production (midday) and peak energy consumption (evening) creates inefficiencies in the system Grid operators must rapidly ramp conventional power sources to compensate for solar's decline, risking grid instability Without addressing intermittency, solar's potential remains constrained, grid operations become increasingly complex, and renewable integration hits a practical ceiling regardless of capacity additions

Storage Solutions Landscape

Energy storage technologies are at the heart of solving solar power’s intermittency challenge, enabling the leap from daytime generation to round-the-clock reliability. India is actively building a diverse storage ecosystem to support this transition Battery Energy Storage Systems (BESS), projected to reach 34 GW by 2030, provide rapid response capabilities for frequency regulation and power smoothing Pumped Storage Projects (PSPs) leverage India's geographical advantages, with almost 5 GW operational and additional capacity under development Emerging technologies like solid-state batteries, flow batteries, and thermal storage systems further enrich the portfolio, while policy measures such as the Ministry of Power's mandate for two-hour storage (10% of installed solar capacity) aim to deploy 14 GW by 2030.

Despite this progress, scaling these solutions presents significant challenges Financial barriers remain steep, with storage tariffs ranging between Rs 10-11 per unit, far above the government’s target of Rs 5 56 5 per unit High upfront costs deter widespread adoption, even as financing mechanisms evolve Technical hurdles also loom large India’s extreme temperatures, often exceeding 50°C, impact battery efficiency, performance, and lifespan Infrastructure constraints compound the problem; transmission growth lags behind solar capacity additions, creating bottlenecks in energy delivery

Path Forward

The path forward requires multi-stakeholder collaboration: policy innovations that create viable revenue mechanisms; financing approaches that address high upfront costs; technology adaptation for India's unique climate; and accelerated grid modernization for seamless integration. By solving the storage equation, we unlock solar's full potential, enabling the leap from supplementary power to primary energy source

The journey from intermittency to reliability is not without its hurdles, but it is one we must undertake with urgency and resolve. Energy storage is not merely an adjunct to solar power; it is its linchpin essential for making renewable energy a dependable foundation for India’s sustainable future As industry leaders, our collective efforts in storage development will determine whether India's renewable targets become reality, shaping a sustainable energy landscape for generations

India’s Energy Independence

Can Solar + Storage Reduce Grid Dependence?

For centuries, the Sun has been celebrated as the ultimate sustainer of life, illuminating our planet and nurturing all living beings Today, as the world pivots toward cleaner, more sustainable energy solutions, the Sun is once again leading the charge in this revolution In India, a nation endowed with abundant sunshine and vast landscapes, solar power paired with energy storage offers a groundbreaking opportunity to foster decentralized power sustainability, unshackling communities from dependency on traditional grid-based systems

India enjoys nearly 300 sunny days annually, receiving a staggering 5,000 trillion kilowatt-hours (kWh) of solar energy each year, with solar radiation levels averaging 4 to 7 kWh per square meter per day across most regions This immense solar potential far exceeds the country’s current energy demands, providing a pathway to not only meet electricity needs but also redefine how power is generated, stored, and consumed. By combining solar power with advanced energy storage systems, India can shift from centralized, fossil fuel-dominated grids to decentralized energy networks, enabling villages, cities, and regions to achieve round-the-clock (RTC) power independence.

Breaking Free from Grid Dependency:

India’s unified national grid has long been the backbone of its electricity supply, integrating diverse energy sources to deliver power across vast distances However, this centralized system faces persistent challenges that hinder its efficiency and sustainability:

Technical Limitations: Transmitting electricity over long distances incurs significant technical losses, with India’s distribution networks experiencing Aggregate Technical and Commercial (AT&C) losses of 15-20% Grid stability is further strained by the need to balance generation and demand, compounded by the intermittency of solar power, which dips when the sun isn’t shining Voltage fluctuations and frequency deviations (India’s grid operates at 50 Hz) add complexity, while growing digitalization exposes the system to cybersecurity risks, such as malware or ransomware attacks on control systems

Financial Burdens: Expanding transmission and distribution infrastructure, especially to remote rural areas, requires substantial investment In contrast, decentralized solar-plus-storage systems, like microgrids, offer a more cost-effective alternative Rising fuel costs for coal and gas plants, coupled with the financial struggles of state utilities, (plagued by losses, power theft, and delayed subsidies) further strain the grid model Cross-subsidization also distorts the system, with industrial users bearing high tariffs to offset subsidized rates for agricultural and residential consumers

Environmental Costs: The grid’s reliance on fossil fuels drives air pollution and greenhouse gas emissions, while large-scale power plants and sprawling transmission networks demand vast land and water resources High-voltage lines carve through forests and farmlands, causing deforestation, biodiversity loss, and habitat disruption Migratory birds, such as the Great Indian Bustard in Rajasthan, suffer collisions with power lines, and electromagnetic fields (EMF) from these lines raise ongoing health concerns for nearby communities

boosting energy security Decentralized systems empower communities to take control of their energy needs, fostering resilience against grid failures, natural disasters, or fuel supply disruptions Moreover, these systems require less land and infrastructure than traditional grids, minimizing environmental impact and preserving local ecosystems

A shining example of this approach is Dharnai, a village in Bihar, India, which became a symbol of decentralized solar power in 2014 Previously without reliable electricity, Dharnai implemented a solar microgrid with battery storage, delivering clean, consistent power to over 450 households and businesses

In urban settings, too, solar-plus-storage is gaining traction Cities like Bengaluru or Pune could deploy rooftop solar panels paired with batteries in residential complexes, offices, and industrial zones, creating self-sufficient energy hubs that ease pressure on the grid and lower electricity costs over time

The fusion of solar power with storage technologies presents India with a powerful opportunity to break free from grid dependency and embrace a decentralized power system that enhances energy security, slashes carbon emissions, and meets renewable energy goals By pairing solar with the right storage solutions, communities can achieve grid-free, sustainable power tailored to their needs. Three ideal combinations stand out for driving this shift, each with unique strengths and considerations depending on location, cost, and application

Here are the three primary solar-plus-storage combinations and their feasibility for decentralized, grid-independent power in India:

Overview: Battery Energy Storage Systems (BESS) are advanced electrochemical solutions that can be used to store surplus energy generated from solar power, and releasing it on demand to meet various needs These systems excel in short-duration energy storage (typically 1-4 hours), offering critical benefits such as grid stabilization, peak shaving (reducing demand during high-cost periods), and reliable backup power during outages This approach can help communities to enhances energy security, and ensures resilience against power outages or grid failures and making it possible for villages, towns, and cities to achieve energy independence

Feasibility: The technology behind BESS, particularly lithium-ionbased systems, is well-established and seamlessly integrates with existing solar infrastructure Over the past decade, the cost of lithium-ion batteries has dropped significantly by over 90% since 2010, higher energy densities and longer lifetimes, making BESS

Solar Plus Storage: A Decentralized Revolution:

Solar Plus Storage: A Decentralized Revolution:

Solar + Battery Energy Storage Systems (BESS):

increasingly cost-competitive In India, this cost reduction has been complemented by supportive government policies, such as the National Framework for Promoting Energy Storage Systems (introduced in 2022) and financial incentives like viability gap funding (VGF) and tax rebates Despite these advancements, the high initial capital expenditure remains a hurdle, though declining costs and scalable designs are improving economic viability.

Key Locations in India: Several regions in India are already leveraging solar + BESS for decentralized power:

1 Rajasthan, Gujarat, and Karnataka: With abundant sunlight and large-scale solar projects, these states are leading in BESS integration Rajasthan’s Bhadla Solar Park is a prime example where BESS is being explored to optimize energy use

1 Remote & Off-Grid Areas: Ladakh, Andaman & Nicobar Islands, and parts of the Northeast are deploying solar microgrids with BESS to replace expensive diesel generators

1.Urban & Rural Electrification: Decentralized solar + BESS solutions are providing reliable power to villages, reducing dependence on unstable grid supply, and enabling smart city initiatives

Cost Breakdown: The cost of lithium-ion BESS typically ranges from Rs 12,000 to Rs 15,000 per kWh in India, encompassing battery packs, inverters, and balance-of-system components While operational and maintenance costs are relatively low (around 1-2% of capital cost annually), battery degradation necessitates replacement every 10-15 years, depending on usage cycles and depth of discharge Alternative chemistries, such as flow batteries or sodium-ion systems, are being researched to lower costs and extend lifespan, though they remain in early stages of commercialization Government subsidies and declining global battery prices could further reduce the levelized cost of storage (LCOS) to below Rs 5/kWh by 2030, per NITI Aayog projections, making solar + BESS solutions more competitive with conventional power

Challenges & Opportunities:

1 High Initial Investment: While costs are falling, upfront capital expenditure still discourages small-scale developers.

1 Supply Chain Constraints: India relies heavily on imports for critical battery materials (lithium, cobalt, nickel), making domestic manufacturing crucial for long-term sustainability

1 Battery Recycling & Safety: A robust battery disposal and recycling infrastructure is needed to manage waste and prevent environmental risks. Meanwhile, advancements in thermal management systems are addressing safety concerns related to lithium-ion technology

Recent Developments & Market Trends: India’s BESS landscape is evolving rapidly A notable milestone is Larsen & Toubro’s (L&T) 8 MWh solar-plus-BESS project in the Andaman and Nicobar Islands, operational since 2023, secured at a tariff of Rs 6 99/kWh This demonstrates the viability of hybrid systems in off-grid regions. Similarly, ReNew Power’s Round-the-Clock (RTC) renewable energy project, blending solar, wind, and BESS, achieved a record-low tariff of Rs 3 60/kWh in 2022 and is under construction, signaling a shift toward cost-competitive, reliable green energy Globally, innovations like solid-state batteries and India’s push for domestic cell manufacturing (e g , Ola Electric’s gigafactory) promise to further disrupt the market The International Energy Agency (IEA)

forecasts that global BESS capacity could triple by 2030, with India poised to contribute significantly, targeting 50 GWh of storage capacity under its energy transition roadmap

Future Outlook: By combining solar PV with BESS, communities can achieve true energy independence, eliminating reliance on unstable grids and fossil-fuel-based power. The future of decentralized energy in India depends on scaling up domestic battery production, exploring alternative chemistries (e g , iron-air and zinc-based batteries), and establishing a strong circular economy for battery recycling With declining costs, supportive policies, and rapid technological advancements, solar + BESS has the potential to power self-sustaining villages, towns, and cities, ensuring a cleaner and more resilient energy future for India

Solar + Pumped Storage Power (PSP)

Overview: Pumped Storage Power (PSP) is a form of hydroelectric energy storage that utilizes two water reservoirs situated at different elevations During periods of low electricity demand, excess energy generated from solar power can be used to pump water from the lower reservoir to the upper reservoir When electricity demand peaks, the stored water is released back to the lower reservoir through turbines, generating electricity This system effectively acts as a large-scale battery, storing energy and releasing it when needed, making it a critical component of grid stability and renewable energy integration This approach not only reduces reliance on centralized grids but also empowers local energy independence, making the energy ecosystem more resilient, efficient, and environmentally sustainable By harnessing the synergy of PSP and solar, communities can achieve a selfsufficient, decentralized energy future that prioritizes sustainability and reliability.

Feasibility: Pumped storage is a well-established and mature technology with a proven track record. It boasts high efficiency, typically ranging between 70-80%, making it one of the most efficient large-scale energy storage solutions available today While the initial capital costs are high, the long-term operational costs are relatively low due to the system's durability and minimal maintenance requirements. Governments worldwide are increasingly supporting PSP projects through policies, subsidies, and incentives In India, the Ministry of Power has released ‘Guidelines to Promote the Development of Pump Storage Projects (PSP)’ to encourage the development of PSP facilities These guidelines include financial incentives, streamlined approval processes, and support for private sector participation Additionally, the government is promoting hybrid projects that combine solar power with PSP to maximize renewable energy utilization

Key Locations in India: Several Indian states are ideal for PSP deployment, particularly when integrated with solar power:

1.

1.Rajasthan: The state has become a hub for renewable energy initiatives Avaada Group has signed an MoU with the Rajasthan government to develop a 1 2 GW PSP in the Sirohi district, with an investment of ₹5,800 crore over the next five to seven years

2

Madhya Pradesh: NTPC Ltd plans to invest over $23 billion in renewable energy projects, including an 800 MW pumped hydroelectric storage project, as part of its strategy to shift away from fossil fuels

3

1 Himachal Pradesh and Sikkim: These states offer suitable topographical conditions for PSP development, with hilly terrains and water availability

Cost Breakdown: The cost of establishing PSP in India ranges from approximately ₹4 to ₹6 crore per MW (6 hours supply) Despite high initial investments, PSP projects have low operational costs due to their long lifespan, typically between 50 to 100 years This longevity makes PSP a cost-effective solution for large-scale energy storage over time.

Challenges & Opportunities:

1 Geographical Requirements: PSP necessitates specific topographical conditions, such as hilly terrains with accessible water sources, which may limit site availability

1 Environmental and Social Impacts: The development of PSP can lead to ecological disruptions and displacement of communities, necessitating comprehensive environmental impact assessments and sustainable planning

1 Policy Support: The Indian government's guidelines to promote PSP development include financial incentives and streamlined approval processes, encouraging private sector participation

Recent Developments & Market Trends: Currently, PSPs in India are being developed in large scale For example, SJVN is developing about 12,000 MW of PSPs in Maharashtra, Karnataka, Mizoram and Himachal Pradesh

Future Outlook: Integrating solar power with PSP presents a viable pathway toward decentralized, grid-independent communities By storing excess solar energy and releasing it during peak demand, these systems can provide a stable and reliable power supply, reducing dependence on centralized grids As technology advances and costs decline, the adoption of solar + PSP solutions is expected to rise, contributing significantly to sustainable and resilient energy infrastructure

Solar + Green Hydrogen

Overview: Green hydrogen is generated by splitting water into hydrogen and oxygen through electrolysis, powered entirely by renewable sources like solar energy For communities, this hydrogen can be stored and later converted back into electricity or used as a clean fuel for cooking, heating, or even small-scale industrial needs Unlike grid-based power, which often leaves rural and remote areas underserved, solar-plus-hydrogen systems allow communities to produce and manage their own energy, fostering resilience and sustainability.

Feasibility: The technology to produce green hydrogen via electrolysis is well-established, making it a practical option for decentralized energy systems While large-scale hydrogen storage and distribution infrastructure is still evolving, small-scale solutions like modular electrolyzers and localized storage tanks, can be deployed at the community level Currently, green hydrogen costs more than traditional grid electricity or fossil fuel-based hydrogen, but pairing it with abundant solar power in India’s sun-rich regions can drive down expenses over time The Indian government’s National Hydrogen Mission further supports this vision, encouraging adoption and innovation that could benefit energy-independent communities. With advancements in technology and economies of scale, the price gap is expected to narrow, making this a viable path forward

Key Locations in India: Regions like Kerala, Maharashtra, and coastal Karnataka, blessed with both high solar potential and water availability, are ideal for communities to pioneer this model. These areas can leverage their natural advantage to generate surplus solar energy, convert it into green hydrogen, and store it for use during

nighttime or cloudy days, ensuring a steady, reliable power supply without grid dependence

Cost Breakdown: Setting up this system involves an upfront cost of approximately Rs 30,000 per kW for electrolyzers, alongside solar panels and storage units While operational costs are higher due to the energy-intensive electrolysis process, these can be offset by eliminating transmission losses and grid fees For a village or small town, this investment translates into long-term savings and control over energy resources, rather than perpetual reliance on external providers

Challenges & Opportunities: Green hydrogen isn’t yet costcompetitive with fossil fuel alternatives, and building local storage and distribution systems poses logistical hurdles. However, these challenges are also opportunities Communities can start small, using modular setups that scale as demand grows, while avoiding the massive infrastructure investments required by centralized grids Electrolysis is ready to deploy, and as other elements of the hydrogen economy mature, communities stand to benefit from early adoption, gaining energy security ahead of the curve

Recent Developments & Market Trends: Domestic companies such as Ohmium International, Greenko, and Larsen & Toubro (L&T) are actively scaling up the production of PEM and alkaline electrolyzers. Currently, electrolyzer costs in India range between ₹600–800/kW, with projections indicating a potential reduction to ₹300/kW by 2030

Future Outlook: By embracing solar power paired with green hydrogen storage, communities can break free from the grid’s limitations This isn’t just about clean energy, it’s about empowerment, giving people the tools to generate, store, and use their own power. As costs fall and technology advances, this model could redefine energy access in India, turning villages and towns into self-sufficient powerhouses of the future

India stands at the cusp of an energy revolution, where solar power combined with advanced storage solutions offers a pathway to true energy independence By embracing decentralized solar-plus-storage models whether through batteries, pumped hydro, or green hydrogen, communities across the nation can unlock a future that is not only cleaner and more resilient but also self-sustaining.

The success stories emerging from villages and cities alike prove that energy autonomy is no longer a distant dream, it is within reach As costs continue to fall and technologies evolve, India has the opportunity to lead the world in decentralized renewable energy, ensuring reliable power for all while reducing grid dependence The road ahead is bright, powered by the limitless energy of the sun and the innovative spirit of a nation determined to shape a sustainable future

From Intermittency to Reliability

How Energy Storage is Powering the Growth of Indian Solar

India’s energy transition is at a pivotal stage as it strives to balance rapid solar expansion with grid reliability Its intermittent nature poses challenges for round-the-clock (RTC) power supply. Energy storage systems (ESS) are the key to unlocking the full potential of solar energy, enabling grid stability and sustainable energy growth

India’s Energy Landscape:

India is currently heavily dependent on thermal power plants for RTC electricity supply As of March 2025, approximately 278 GW (52 63%) of the total installed capacity is generated from thermal power plants In contrast, the total renewable energy capacity stands at around 168 GW (21 8%), with solar contributing approximately 103 GW

At COP26, India announced the 'Panchamrit' goals, committing to:

Achieving 500 GW of non-fossil fuel energy capacity by 2030

Sourcing at least 50% of its energy from renewables by 2030

Reducing CO2 emissions by 1 billion tons by 2030

Cutting carbon intensity below 45% by 2030

Achieving net-zero emissions by 2070

To reduce reliance on thermal power and meet these ambitious targets, India must transition to renewable energy while ensuring RTC power availability through energy storage solutions

Need for Energy Storage:

Solar energy, despite its advantages, is inherently intermittent. The absence of sunlight during evening and night hours, coupled with seasonal variations, creates reliability concerns. Energy storage systems (ESS) can address these challenges by storing excess solar power for use during non-generating hours

The growing electricity demand in India underscores the need for RTC power, as seen in the rising peak demand Peak demand has grown 59% since 2015-16, reaching 249 86 GW in 2024-25 Solar's daytime generation profile creates evening supply gaps when demand peaks:

As of December 31, 2024, India’s installed storage capacity was:

4 75 GW from pumped storage plants (PSP)

0.11 GW from battery energy storage systems (BESS)

Total storage capacity: 4 86 GW

However, this is a mere start, India needs a tremendous amount of storage moving ahead. According to the National Electricity Plan (NEP) by the Central Electricity Authority (CEA), to integrate 364 GW of solar by 2031-32, India will require:

73 93 GW / 411 91 GWh of total storage capacity:

26.69 GW / 175 GWh from pumped hydro plants.

47 24 GW / 236 22 GWh from BESS

The storage will be required majorly in these Operational Models:

Single-cycle: Solar charging → night discharge

Double-cycle: Grid charging during off-peak + solar charging

As India moves toward a greener energy landscape, the real challenge lies in balancing energy security with sustainability, making energy storage systems the key to a reliable, renewablepowered future."

Role of Energy Storage in Enhancing Solar PV Reliability

Energy storage systems play a crucial role in enhancing the reliability of solar PV by:

Peak Shaving and Load Shifting: Energy storage allows for peak shaving by supplying stored energy during peak demand periods and load shifting by charging during off-peak hours This helps in optimizing energy distribution and reducing strain on the grid

Grid Stability: By storing excess energy generated during sunny hours, ESS can stabilize the grid by providing a buffer against sudden drops in solar output This ensures a more consistent power supply, reducing the likelihood of grid failures

Dispatchability: Integrating solar PV with energy storage makes solar power dispatchable, allowing utilities to predict and manage energy supply more effectively This feature is critical for meeting peak demand periods and ensuring grid reliability

Implementation Roadmap

The National Electricity Plan (NEP) by Central Electricity Authority (CEA) outlines three-phase deployment:

Phase 1 (2025-27)

26 69 GW pumped hydro development 5 GW battery storage tenders

Phase 2 (2028-30)

47 24 GW battery systems deployment Hybrid projects (solar+wind+storage) scaling

Phase 3 (2031-32)

73.93 GW/411.4 GWh total storage (56% batteries) Grid-forming inverters for 100% renewable operation

Technological Advancements and Economic Viability

The declining cost of lithium-ion batteries has made solar+storage systems more competitive with traditional energy sources

Rooftop solar with battery backup is particularly beneficial for commercial and industrial segments, reducing reliance on diesel generators and lowering costs.

Challenges :

India faces significant challenges in scaling solar PV due to intermittency and grid instability. Solar generation's variability strains the grid during peak evening demand, requiring backup sources when sunlight diminishes Current energy storage solutions like lithium-ion batteries face limitations:

high costs (despite gradual reductions) reliance on imported materials (Lithium, Cobalt) environmental concerns from mining/disposal

Pumped hydro storage, while viable, suffers from : long construction timelines (5-7 years) high capital costs

Tariff Trends

According to the Solar Energy Corporation of India (SECI), the following tariffs are projected for the fiscal year 2024-25:

Conclusion

India's transition to a renewable-powered future hinges on integrating energy storage systems (ESS) with its rapidly expanding solar PV capacity While solar offers a sustainable energy source, its intermittent nature poses challenges for round-the-clock (RTC) power reliability ESS plays a vital role in addressing this by enabling peak shaving, load shifting, and grid stabilization With rising energy demand and ambitious COP26 goals, India must scale its storage capacity significantly The National Electricity Plan (NEP) outlines a phased roadmap, emphasizing pumped hydro and battery storage to enhance grid reliability Technological advancements and declining battery costs are making ESS economically viable, though challenges like high capital costs and import dependency remain Ultimately, large-scale ESS deployment is essential for transforming India's solar PV sector into a reliable, dispatchable, and sustainable energy source, paving the way for meeting its climate commitments and ensuring energy security

De-Risking green investments

How financial innovation is making renewables more bankable

India’s push toward a net-zero future is primarily centered on the mainstream proliferation of two game-changing technologies: solar power and electric vehicles (EVs). While both have made impressive strides, attracting investment remains a challenge High upfront costs, market uncertainty, and evolving policies make many investors hesitant But that’s where financial innovation steps in proving invaluable in reshaping the risk landscape and making green projects more attractive.

Bridging the financial gap with green bonds and ESG Investments

One of the biggest breakthroughs in green finance has been the rise of green bonds These bonds are structured to channel funds into renewable energy initiatives, offering investors stable, long-term returns In India, both the government and private companies have used them to fund large-scale solar projects and EV infrastructure, creating a more predictable investment climate.

At the same time, Environmental, Social, and Governance (ESG) investing has gained momentum Investors are increasingly looking beyond just profits, prioritizing sustainability and social impact With banks now encouraged to lend to green projects under the Reserve Bank of India’s (RBI) priority sector guidelines, renewable energy and EVs are becoming more attractive from a financial standpoint

Government incentives and risk mitigation strategies

The Indian government has introduced several policy mechanisms to de-risk renewable investments For instance, Viability Gap Funding (VGF) ensures the financial feasibility of large-scale solar projects by covering part of the capital expenditure. Similarly, Production Linked Incentive (PLI) schemes for solar PV manufacturing and battery storage help lower investment risks by providing direct financial support to eligible firms

To encourage wider EV adoption, initiatives like the PM E-Drive Yojana and income tax rebates on EV purchases have reduced upfront costs for consumers and businesses By offering capital subsidies and reducing import duties on battery components, the government is creating a more stable investment environment for the EV sector.

Innovative financing models for solar and EVs

New financial models are emerging to make solar energy and EV adoption more accessible. For instance, third-party financing models, such as Power Purchase Agreements (PPAs) and solar leasing, allow businesses and consumers to install solar panels with minimal upfront costs Under these agreements, a third-party investor owns and maintains the solar system, and the consumer pays only for the electricity generated.

Similarly, battery leasing and vehicle subscription models are reshaping the EV market Instead of purchasing expensive battery packs, consumers can opt for battery-as-a-service (BaaS), reducing the total cost of EV ownership and addressing range anxiety concerns These models make it easier for businesses and individuals to transition to clean energy solutions without bearing the financial burden alone

Digital platforms and fintech solutions for green financing

The integration of fintech into green financing is unlocking new opportunities for investors and consumers Digital lending platforms are streamlining access to renewable energy loans, offering quick approvals and lower interest rates for solar installations and EV purchases Crowdfunding platforms are also playing a role in democratizing green investments by allowing small-scale investors to participate in large renewable projects

Blockchain-based financing solutions are further enhancing transparency and reducing fraud risks in green investments By ensuring traceability of funds, blockchain technology is fostering trust among investors and promoting accountability in sustainable finance

The road ahead

Despite these advancements, challenges remain Land acquisition continues to be a roadblock for large-scale solar farms. As solar capacity increases, integrating renewable energy into the grid becomes more complex, requiring advanced infrastructure and energy storage solutions Meanwhile, expanding EV charging networks, especially in rural areas, is crucial to sustaining growth

To keep the momentum going, India needs to fine-tune its financial frameworks Strengthening credit guarantees, introducing risk-sharing mechanisms, and maintaining consistent policies will be key to attracting large-scale investments As technology costs fall and financial solutions evolve, renewables will become even more viable, accelerating the country’s transition to clean energy

By addressing financial roadblocks through innovation, India is making green investments more secure and attractive The next few years will be crucial in ensuring these financial mechanisms continue to evolve, making solar power and EVs a more integral part of the economy

Bridging the Energy Gap

The Rise of Solar and Storage in Transforming India’s Power Sector

The landscape for energy solutions in India is undergoing a seismic shift And this shift is marked by the onset of “Solar + Storage” solutions As one of the leading global energy markets, India’s demand for energy will only double by 2040. To withstand the rising demand and achieve the ambitious decarbonisation goals, the tide is now turning towards “Solar+Storage” systems, i e a combination of Photovoltaic (PV) Systems & Energy Storage This unique combination offers a dynamic solution that’s also sustainable, reliable, and more importantly, affordable for the masses.

Dawn of A New Era: Solar+Storage

As of 2025, India has reached 80 GW approximately in terms of solar capacity This certainly marks a commendable growth in our Solar ecosystems However, we end up sacrificing a significant portion of this renewable energy, during periods of low demand, due to a lack of efficient storage systems. This is where state-of-the-art batteries, especially the long-lasting nickel-cadmium or Lithium-Ion, come into play

The resulting hybrid Solar+Storage thus offers, superior alternatives, such as:

Enhanced grid stability – smoother fluctuations and minimal congestion of the grid

Round-the-clock access – widens the scope and utility of solar energy, even in darker hours

Reduced Dependence on Diesel – especially in rural areas which have historically been heavily dependent on diesel generations

Powering up India’s EV – and ensuring a consistent and stable power supply

Taking cognisance of its multiple virtues, Solar+Storage is also getting a push from the government. The Solar Energy Corporation of India (SECI) along with the Ministry of Power (MoP) has initiated several Solar+Storage tenders, thus signalling the crucial role this amalgamation is going to play

However, while Solar+Storage is surely a way to the future, one should be prepared for the high initial costs attached to Battery Storage solutions Large-scale deployments only tend to overshoot the budget and thus the sector needs the encouragement of either subsidies or performance-linked incentives This will boost domestic battery storage capabilities, perhaps also reducing India’s overdependence on China for battery components Furthermore, India’s existing grid infrastructure would also need to be upgraded, to support the large-scale implementation of Solar+Storage plans

For India to accelerate its Solar + Storage plans, it’s vital to:

Support innovation & excellence through performance-linked incentives, especially in battery manufacturing or large-scale implementations at challenging terrains and locations

Promoting alternate and more long-lasting storage solutions like Ni-Cd or Li-Ion

Expanding BESS tenders announced by governments to encourage more private sector partnerships in the domain

Easing access to credit for energy storage projects is crucial, along with tax rebates, loans at lower interest and subsidies Executionlinked incentives can also be offered to inspire innovation in project completion

The next five years are going to be critical in determining India’s role as a global leader in renewable energy solutions To that end, Solar + Storage is no longer a luxury, it’s a necessity By supporting innovation in the field through policies and financial incentives, India stands a chance to achieve 500 GW, while ensuring grid stability, energy security and economic growth

Bridging the Energy Gap

How Solar Plus Storage is Transforming India’s Power Sector

India, one of the world’s fastest-growing economies, faces a dual imperative ensuring energy security and enabling a green transition With the country’s electricity demand recently surpassing 250 GW in peak demand, this demand-supply gap, combined with infrastructure bottlenecks, presents a pressing challenge Solar power, combined with next-generation energy storage systems (ESS), is now emerging as a cornerstone solution in addressing this evolving energy landscape.

India’s Energy Gap

While India has made commendable progress in electrification, millions still experience unreliable power, especially during peak hours This issue is less about generation capacity and more about transmission inefficiencies, poor wheeling infrastructure, and grid instability during demand surges India's over-reliance on thermal energy sources, subject to price and supply volatility, further compounds this issue

With a growing share of variable renewable energy (VRE), primarily solar and wind, India faces the critical challenge of balancing generation and consumption, especially during non-solar hours This is where storage becomes relevant and essential

Rise of Battery Storage

While solar energy has dominated the conversation, battery storage is the silent enabler powering its reliability The emergence of lithium-ion and lithium iron phosphate (LiFePO₄) technologies marks a major leap from earlier Lead-Acid and Gel-based batteries Unlike their predecessors, Li-ion and Li-Fe batteries can handle inductive loads such as AC compressors, motors, and pumps, which require high inrush currents during startup.

This technological edge is pivotal for both commercial and residential users, as these are the very loads that legacy batteries struggle to support By 2030, the installed costs of battery storage systems could fall by 5066% As a result, the costs of storage to support ancillary services, including frequency response or capacity reserve, will be dramatically lower This, in turn, is sure to open up new economic opportunities

Additionally, decentralized renewable energy projects, such as rural microgrid pilots, continue to play a crucial role in providing reliable electricity to remote communities, thereby replacing polluting diesel generators and kerosene lamps. These initiatives collectively contribute to India's broader goals of enhancing energy access, promoting sustainability, and reducing the carbon footprint of its energy sector

India’s industrial and commercial sectors are rapidly adopting solar+storage systems to mitigate high peak tariffs, ensure business continuity, and reduce carbon footprints Data centres, telecom infrastructure, textile units, and manufacturing plants are key adopters

Many large corporations are now setting RE100 targets, and captive solar with ESS helps meet both sustainability and economic goals This shift is also aligned with ESG mandates and shareholder expectations.

Policy Push and Investment Tailwinds Addressing Grid Parity and Stability

India’s renewable mix is solar-heavy, and solar generation peaks during daylight hours. However, peak consumption often continues into the evening, when solar drops to zero This mismatch causes grid instability and forces a fallback on fossil-fuel-based peaker plants

Energy storage resolves this by:

Absorbing surplus solar generation during the day

Discharging during evening peak hours, reducing reliance on coal or gas

Providing ancillary grid services like frequency regulation and reactive power

Enabling time-shifted energy use, enhancing revenue through arbitrage

Additionally, dynamic pricing models and TOU (Time-of-Use) tariffs allow solar+storage systems to optimize for high-tariff windows, ensuring both grid parity and economic viability.

Storage-backed solar microgrids are rewriting the rural electrification story. In areas where grid extension is unviable, decentralized microgrids equipped with ESS offer 24/7 power for homes, schools, and clinics

Initiatives Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), launched to ensure energy security for farmers, focuses on de-dieselization of the farm sector by promoting solar-powered irrigation

The policy landscape is quickly evolving The PLI scheme for ACC battery manufacturing, solar rooftop subsidies, storage-specific mandates in tendering, and evolving net metering norms are driving adoption

The Central Electricity Authority (CEA) recently urged DISCOMs to design programs that promote behind-the-meter and grid-connected storage, especially to manage peak loads and improve grid resilience

Moreover, international players are investing in Indian storage ventures, and domestic startups are innovating in battery chemistries, thermal storage, and hybrid models, bolstering India's position as a global storage hub.

The Path to 100% Renewables: A Mix That Works

While the long-term vision of a 100% renewable grid remains aspirational, a more pragmatic scenario is evolving, a 70:30 renewable-toconventional mix, augmented by hydro, nuclear, storage, and robust interstate transmission

To achieve this, India must invest in:

High-voltage interconnection infrastructure

AI-powered load forecasting and storage optimization tools

Flexible generation and hybrid storage systems

Policy harmonization across states and stakeholders

Such a diversified and resilient grid will ensure that solar energy generated in Gujarat can power homes in Assam, thanks to an agile and well-equipped transmission network

As we approach 2030, the solar-plus-storage model is no longer a premium niche, it’s becoming the default By addressing intermittency, ensuring reliability, and enabling decentralization, battery-backed solar is poised to redefine how India powers its future.

The future of India's energy lies not just in harvesting the sun, but in storing its power smartly, and releasing it exactly when the country needs it most

KEY HIGHLIGHTS

Battery storage integration will accelerate India’s solar PV growth, ensuring grid stability and energy reliability

Policy incentives like MoP advisory and ISTS waivers boost adoption of solar-plusstorage projects nationwide

Advancements in battery technology, including increased cycle life and efficiency, enhance utility-scale and C&I viability

How do you see the role of battery storage evolving in India’s solar PV market over the next five years?

The Ministry of Power (MoP) shared an advisory on co-locating energy storage with solar to enhance grid reliability. The advisory to REIAs and state Utilities is to incorporate a minimum of 2 hours ESS, equivalent to 10% of installed solar capacity The distribution company can also 2 hours of storage with roof top solar plant. The potential of energy storage in this area is estimated as 14 GW/28 GWh till 2030 This mandate is encouraging as it makes solar more responsible and in turn accelerate energy storage deployment in India. Till date around 10.62GW Solar coupled with 12 52GWh BESS capacity has been tendered in India with 0 2GW Solar coupled with 0 2 GWH BESS commissioned and 4 6GW Solar coupled with 5 7 GWh BESS in various stages of Constuction. The tariffs found in these tenders has also been attractive This sector will only grow in the coming years, to successfully integrate 292GW of solar PV capacity into the grid by 2031-32

The Growing Role of Battery Storage in Advancing India’s Solar PV and Renewable Energy Future

Debmalya Sen

President IESA

What are the key challenges in integrating battery energy storage with solar power projects in India?

One of the challenges which is slowly becoming a concern is the long gestation period between a tender being awarded to that getting an off taker For example SECI's 1200 GW Solar + 1200 MWh BESS with a tariff of INR 3 41/kWh finally found a buyer after 8 months of the project being awarded The falling cost of BESS is making DISCOMs wait for the next lower L1 is forthcoming bids before committing for a capacity This delay will further delay the commissioning of such projects which will be unable to cater the problem statement that the project was conceptualized on

How do policy incentives and regulatory frameworks impact the adoption of solar-plus-storage solutions in India?

The MoP advisory will accelerate solar + BESS tenders in India With ISTS waivers in place such projects this will give the sector a big boost more over rooftop solar which is being promoted under the PM Surya Ghar scheme is expected to further benefit from this advisory

What advancements in battery technology are making solar storage more viable for utility-scale and C&I projects?

Apart from cost drop of BESS, multiple technological improvements and innovations is helping the sector grow The key KPIs for Batteries are improving, the cell size itself is improving, bigger cell sizes will mean lesser cells required in the same containers/racks cycle life for batteries is improving , over the last two years cycle life has increased to 10,000 from 5,000 cycles That apart the depth of discharge quotient is also improving optimizing sizing requirements

How does battery storage improve grid stability and support India’s growing renewable energy capacity?

India's challenge in meeting increasing peak demand is seen to be mitigated by solar + BESS, energy arbitrage is seen as a major use case of all tenders floated along with Diesel Generator optimization Using solar to charge the batteries dring the day low demand periods and discharging the ESS during evening hors for 2-4 hours is seen as the major requirement for such projects

Advancements in battery technology—such as increased cycle life, larger cell sizes, and improved depth of discharge are making solar storage more viable for large-scale deployment."

KEY HIGHLIGHTS

Solar-plus-storage solutions enhance grid stability, supporting India's goal of 500 GW non-fossil capacity by 2030

Policy gaps in storage integration include lack of confirmed off-takers and limited multi-revenue stream opportunities

Decentralized solar-plus-storage improves rural energy access, requiring strong financial models for widespread adoption and sustainability

What role do you see solar-plusstorage solutions playing in accelerating India’s transition towards a sustainable and reliable energy future, particularly in addressing grid stability challenges?

India plans to achieve net zero by 2070. We also have a 500 GW target of non-fossil capacity by 2030 As per the National Electricity Plan (NEP) by the Central Electricity Authority (CEA), India plans to install 364 GW of solar by FY 2031–32 With such high penetration of solar, its intermittent and variable nature poses grid stability challenges By integrating storage, particularly battery storage, we can overcome these challenges With solar coming out as the cheapest source of energy, integration with battery storage makes it a strong enabler for accelerating India’s transition towards a sustainable, resilient, and reliable energy future

How can policy frameworks in India be enhanced to support the integration of large-scale energy storage with solar projects, and what specific policy gaps do you think need urgent attention?

The recent advisory from the Ministry of Power (MoP) comes as a welcome surprise, mandating that all new solar plants include

Accelerating India’s Energy Transition: The Role of Solar-Plus-Storage in a Sustainable Future

Abhishek

Nath

Sector Head – Energy & Power

CSTEP

a minimum of 2 hours of storage, with a capacity equivalent to 10% of their installed solar photovoltaic (PV) capacity Additionally, the introduction of the Firm and Dispatchable Renewable Energy (FDRE) and Round-the-Clock (RTC) tenders, which facilitate storage integration, is a positive step forward

However, certain policy gaps remain. Many tenders lack confirmed off-takers, preventing them from materialising into Power Purchase Agreements (PPAs) with distribution companies Another key policy gap is the need to enable storage assets to participate in multiple revenue streams, ensuring their economic viability and long-term sustainability

What are the most cost-effective energy storage technologies suitable for the Indian solar market, and how do they compare in terms of scalability and efficiency?

In the Indian solar market, battery storage systems are emerging as the most costeffective storage solution, driven by the rapid decline in battery prices observed in recent market discoveries. Co-locating solar with battery storage can further reduce costs by lowering integration expenses, making it a scalable and efficient solution for India’s energy transition This trend was evident in a SECI’s recent auction, where the tariff for colocated solar (2GW PV) and battery storage (1GW/4GWh) projects was in the range of INR 3 52/kWh

How can decentralized solar-plusstorage solutions be leveraged to improve energy access and resilience in rural and underserved areas of India?

Decentralised solar and storage solutions can provide a reliable power supply in areas prone to frequent grid failures while also being environmentally sustainable, as they

eliminate dependence on fossil fuels However, for these solutions to be effectively deployed in rural and underserved areas of India, a robust financial model is essential to support the transition. Ensuring economic viability at the decentralised level is crucial for widespread adoption and long-term sustainability

Additionally, with the PM-KUSUM and PM Surya Ghar Muft Bijli Yojana driving the rapid adoption of decentralised solar, integrating distributed storage alongside these initiatives would further scale deployment and contribute to cost reductions in both the solar and storage sectors

What role do you think public-private partnerships and innovative financing models can play in scaling up solar with storage deployments across India?

To scale up solar-plus-storage deployments across India, innovative financing models are essential to mitigate project risks and drive widespread adoption of the technology While viability gap funding (VGF) is currently available for battery projects, it should be extended to integrated solar and storage projects to enhance financial viability

What role do you think public-private partnerships and innovative financing models can play in scaling up solar with storage deployments across India?

CSTEP has recently initiated a project to assess the energy storage requirements for co-located renewable energy projects, quantify and compare the costs and benefits of integrating storage with renewables, and evaluate the technical and economic performance of coupled storage solutions The study aims to identify the value propositions of renewable-storage integration and its potential impact on enhancing grid stability and efficiency

KEY HIGHLIGHTS

Enfinity secures 2 GW grid access, advancing India’s renewables

$135M from CPP Investments backs scalable projects

AI & Digital Twin tech boost efficiency and sustainability.

What drove Enfinity Global’s site selection for 2 GW of renewables in India, and what’s the impact?

Securing grid connectivity for 2 GW of renewable projects is a significant milestone Our approach to site selection is driven by our long-term perspective and targeted to achieve an overarching objective of lowest riskadjusted LCOE; including a combination of factors like resource availability, speed of execution, market competitiveness, market maturity, and regulatory landscape

From an industry perspective, grid interconnections remain a challenge due to network limitations While India is making commendable progress in expanding its green energy corridor, the process takes time Most new capacity is expected to be online post2027, but our projects will be operational by 2026-27, ensuring a timely contribution to India’s 2030 renewable energy targets

These projects will provide reliable, costeffective clean energy to industries such as manufacturing, data centers, automotive, steel, and pharmaceuticals, supporting their decarbonization goals By delivering clean power at scale, Enfinity Global is playing a critical role in strengthening India’s renewable energy ecosystem and driving the transition toward a more sustainable future.

How does Enfinity's $135M CPP Investment boost its India projects?

We have a long-term investment strategy This means that we “design to build” and “build to own” and operate our projects in the long term Our capital formation strategy is built on partnering with global market investors who share our vision for sustainable energy transition

Enfinity Global’s Vision For 2 GW Renewable Projects And India’s Clean Energy Future

Sandip Agarwal

CEO India, Enfinity Global

Our approach to capital structuring is rooted in financial discipline, corporate governance, and scalability The recent financing with marquee investors is a validation of the confidence that global investors have in our ability to execute large-scale renewable projects efficiently Having access to global capital allows us to deploy resources efficiently, expand our footprint, and support India’s clean energy transition sustainably

At the core of our strategy is a commitment to delivering innovative, cost-competitive energy solutions to industries and utilities, driving both economic growth and environmental sustainability

How is Enfinity advancing solar tech for efficiency and sustainability in India?

A key differentiator is our advanced global asset management platform, which leverages AI-driven analytics to monitor performance at every level from individual devices to entire plants This enables proactive event management, allowing us to identify underperformance trends and optimize efficiency through predictive analytics.

Also, we are advancing towards Digital Twin technology, an AI-powered solution that enhances fault detection with geographic precision. This system provides real-time diagnostics on equipment health, reducing downtime and improving operational reliability

What are Enfinity Global’s India goals for 2030?

We are a long-term player in India’s energy transition journey Our objective is to deliver firm, reliable, and dispatchable renewable energy. Our approach is agile and marketresponsive, allowing us to adapt our strategy as industry dynamics evolve While we would like to stay ahead of the market and become a market maker, but the evolution will depend on local market dynamics.

In the short term, our focus is on accelerating project execution, expanding our 2 GW solar and wind pipeline, and delivering dispatchable energy solutions to corporates, industries, and utilities We prioritize matching demand and

supply curves, ensuring that clean energy is delivered reliably, efficiently, and competitively

For the long term, our goal is to be a key contributor to India’s 500 GW non-fossil fuel target by 2030

Our global expertise, financial strength, and technology-driven approach position us to scale rapidly while navigating market cycles As India transitions to a low-carbon economy, Enfinity Global remains committed to being a trusted partner in driving sustainable growth and energy security

How do India’s policies impact Enfinity Global and the regulatory landscape?

India’s push for domestic manufacturing and reduced import dependence is a positive step toward building a self-sufficient, resilient, and competitive renewable energy ecosystem, providing energy security while putting pressure on foreign exchange. Policies such as the Production-Linked Incentive (PLI) scheme, Basic Customs Duty (BCD) on solar modules, and ALMM regulations are aimed at strengthening local supply chains We see this leading to a resilient domestic market that is better equipped to fight global supply shocks

For Enfinity Global, these policies reinforce our long-term investment strategy in India While they do present short-term supply chain-related challenges with respect to deliveries, cost, and quality, they also create opportunities for collaboration with local partners Further, our ability to aggregate demand from other geographies and competence around product understanding coupled with long-standing global relationships allow us to foster deep and longterm collaboration with local partners and an opportunity to deliver superior performance

The regulatory landscape is evolving, and India has taken significant steps to facilitate large-scale renewable deployment. However, ensuring predictability, ease of execution, and a stable policy environment is crucial for attracting continued investment and scaling up renewable capacity We remain committed to working within this framework, leveraging our global expertise and local partnerships to support India's ambitious energy transition goals

Powering India’s Clean Energy Transition with Solar and Storage

Naresh Baluja

Chief Commercial Officer (Renewables & BESS)

ENGIE India

KEY HIGHLIGHTS

Battery storage is key to stabilizing grids and ensuring 24/7 renewable energy supply

Addressing costs, regulations, and financing through policy advocacy, partnerships, and technological innovations.

ENGIE India sees BESS as crucial for grid stability and clean energy

How does ENGIE India view the potential of solar-plus-storage solutions in accelerating India's energy transition?

With the increasing intermittency, we see solarplus-storage as a game-changing solution in accelerating India’s energy transition. As India moves towards its ambitious target of 500 GW of non-fossil fuel capacity by 2030, battery energy storage systems (BESS) will play a crucial role in addressing intermittency issues and ensuring reliable, 24/7 clean energy supply Storage solutions enable greater grid flexibility, reduce reliance on fossil fuels, and help stabilize power supply in high-demand periods

As a long-term renewable energy partner in India, we recognize the immense potential of solar-plus-storage in transforming the country's energy landscape We are actively exploring co-located solar and storage as well as standalone BESS projects to support energy security, grid reliability, and sustainable economic growth. By leveraging our global expertise in energy storage and grid integration, we aim to provide scalable, costeffective solutions that contribute to India’s clean energy future

What are the key challenges in scaling up solar storage projects in India, and how is ENGIE addressing them?

Scaling up solar storage projects in India presents both opportunities and challenges While the potential for integrating battery storage with solar energy is immense, widespread adoption is still constrained by factors such as high capital costs, evolving regulations, and grid integration complexities The government has taken significant steps to support storage deployment, but the absence of well-defined market structures continues to be a hurdle Additionally, achieving cost competitiveness remains a key challenge, requiring innovative financial models and risk mitigation strategies to accelerate adoption

We are addressing these challenges through a multi-pronged approach:

Leveraging global expertise: ENGIE’s experience in deploying 2 6 GW of battery storage worldwide allows us to optimize project design, efficiency, and costeffectiveness.

Policy engagement: We actively collaborate with policymakers to advocate for market-based storage incentives, clear revenue models, and supportive regulations that encourage large-scale storage integration

Strategic partnerships: We not only work closely with major offtakers such as SECI, NTPC, NHPC, and state utilities but also the OEMs to develop viable storage solutions tailored to India’s energy needs.

Innovative financing models: We explore blended financing options, such as viability gap funding and long-term PPAs with storage components, to improve project bankability and attract investment

By addressing these key barriers, we aim to drive the adoption of solar-plus-storage and contribute to India’s sustainable energy transition

How do policy and regulatory frameworks impact the adoption of battery energy storage in India’s solar sector?

India’s policy landscape for energy storage is evolving rapidly. The government has introduced hybrid renewable and storage policies, along with increased budget allocations for solar projects, including $1 1 billion for grid-connected solar and funds for rooftop solar These initiatives signal a positive shift towards mainstreaming battery storage However, challenges remain, particularly in defining clear market mechanisms for storage procurement and ensuring cost competitiveness

For battery storage to gain widespread adoption, clear frameworks mandating for integrating storage into solar tenders will be essential in making India’s journey faster towards energy transition and optimum utilization of grid infrastructure Further, additional incentives for large-scale battery deployment, aligned with global best practices, can further accelerate growth

As a company with extensive experience in energy storage, we actively contribute insights from our global operations to industry discussions, highlighting best practices that can support India’s storage market development Through partnerships with key stakeholders, we aim to foster an ecosystem that enhances storage deployment, ensuring it becomes an integral part of India’s renewable energy transition

The integration of battery energy storage systems with solar farms is a game-changer, allowing us to deliver renewable power 24/7. By enhancing grid stability and improving energy dispatchability, we are creating a more resilient and efficient energy ecosystem for the future."

What innovations in storage technology is ENGIE leveraging to enhance efficiency and costeffectiveness for large-scale solar projects?

At ENGIE, our approach to energy storage innovation is focused on enhancing efficiency and reducing costs for large-scale projects We have a global target of 10 GW of battery capacity by 2030 and have already commissioned 2 6 GW of storage, primarily in the U S By integrating battery energy storage systems directly with solar farms, we improve energy dispatchability, enabling round-theclock renewable power delivery and enhancing overall grid stability

Our storage strategy leverages AI-driven energy management systems and smart grid solutions to maximize energy utilization and operational efficiency For instance, our AIbased battery optimization platform manages over 40 battery systems, using real-time data collection, big data analytics, and machine learning models to help asset managers decide when to charge and discharge batteries This optimization considers factors like carbon impact, grid constraints, and battery lifespan, improving fleet availability by 5 to 10% and enhancing economic returns

ENGIE’s comprehensive AI approach combines data management, traditional AI, machine learning, and generative AI (GenAI) to create value for both ENGIE and our customers Our advanced forecasting models adjust energy production in line with customer consumption and market fluctuations, reducing asset total cost of ownership and improving decision-making accuracy These innovations allow us to offer more efficient and cost-effective energy solutions, ensuring reliable and sustainable power for large-scale storage projects

How does ENGIE India plan to collaborate with government and private stakeholders to expand solarplus-storage adoption?

Collaboration is key to scaling solar-plusstorage in India We recognize that a multistakeholder approach, involving government agencies, utilities, private off takers, and financial institutions, is essential to driving the adoption of energy storage. Our collaboration strategy focuses on policy advocacy, publicprivate partnerships, technology partnerships, and customized PPA models We work closely with government bodies to support policy frameworks that facilitate the growth of battery storage and hybrid renewable projects By engaging with state utilities and central agencies, we help develop structured tenders for solar-plus-storage projects that ensure bankability and long-term viability. Our partnerships with leading technology providers allow us to bring cutting-edge storage solutions to India, improving system efficiency and cost competitiveness Additionally, we collaborate with industrial and commercial offtakers to develop innovative Power Purchase Agreements that incorporate storage, enabling them to access reliable clean energy while reducing grid dependency Through these initiatives, we aim to accelerate the adoption of solar-plus-storage and support India’s transition to a more resilient and sustainable energy ecosystem.

What are ENGIE India’s future investment and expansion plans for solar storage projects?

ENGIE remains committed to expanding its renewable energy footprint in India, with a strong focus on solar and hybrid renewable projects Our investment in India so far, projected to reach EUR 3 5 Bn by 2030, reflects our commitment to driving renewable growth and strengthening our market position Our target is to expand our installed renewable capacity to 7 GW, with additional capacity to come from combination of solar, Solar + Storage, RTC, FDRE and standalone batteries. A key part of our strategy is advancing battery energy storage system (BESS) integration into upcoming solar and hybrid projects As India moves toward its 500 GW non fossil fuel based targets, enhancing dispatchability and grid stability will be critical. We are actively evaluating storage solutions that optimize energy management, improve system flexibility, and unlock new business models for large-scale renewable deployment

Beyond investments, we are focused on fostering innovation and deepening collaborations with key stakeholders to drive the adoption of solarplus-storage solutions By leveraging our global expertise, we aim to bring cutting-edge technologies and scalable energy solutions that support India’s transition to a more resilient and sustainable power ecosystem. India remains a priority market in our global renewable energy strategy, and we are committed to playing a significant role in its clean energy future

Collaboration with government and private sectors is key to accelerating solar-plus-storage adoption in India."

TALKS

Next-Gen Solar Solutions: TBEA’s Breakthroughs in Inverter Technology

How is TBEA using advanced technology to improve inverter efficiency and reliability in India’s diverse climates?

At TBEA, we are dedicated to providing cutting-edge solar inverter solutions that deliver superior efficiency and reliability especially in the face of India’s widely varied and often extreme climate conditions. This commitment is evident in our two flagship products: the TS300KTL-HV-C1 string inverter and the TC4400KF-B1 central inverter, both of which are enabling a new standard in solar energy utilization across the country

The TS300KTL-HV-C1 string inverter boasts an impressive 99% peak efficiency, reducing operational losses and ensuring maximum energy output It's designed to support highwattage M10/M12 PV modules with a 65A MPPT current capacity, which allows for enhanced performance using next-gen solar panels. An innovative Smart Partition Cooling system enables optimal thermal management, minimizes auxiliary losses, and ensures dependable operation even in scorching environments like Rajasthan and Gujarat.

From a safety standpoint, this inverter is equipped with a Smart DC Disconnect Switch, offering robust protection against DC reverse polarity and backfeeding, thus extending the system’s operational life Furthermore, integrated Wi-Fi communication enables seamless remote monitoring and maintenance, particularly useful for installations in remote or difficult-toaccess areas

For utility-scale installations, the TC4400KF-B1 central inverter offers high performance under India’s hot climate With the ability to output 4,400 kW at 51°C and scale up to 5,280 kW at 25°C, it ensures stable energy conversion even in peak summer

Naveen Kumar

CTO – INDIA TBEA Xi'an Electric Technology Co.,Ltd

KEY HIGHLIGHTS

TBEA’s inverters deliver up to 99% efficiency with advanced thermal management and smart safety features for reliable performance in extreme climates

With AC coupling and modular PCS, TBEA enables flexible and scalable solar-plus-storage solutions for projects of all sizes

AI and IoT integration ensure real-time monitoring and predictive maintenance, reducing downtime and enhancing system reliability.

conditions The unit features three MPPT inputs, which reduce mismatch losses and boost energy harvest from uneven solar fields or partially shaded panels

This central inverter also uses Smart Partition Cooling for reliable thermal performance and features a modular design to facilitate easier maintenance and maximize uptime The inclusion of an Integrated Transformer Station (ITS) available in both 4 4 MVA and 8.8 MVA variants not only accelerates project deployment but also reduces Balance of System (BOS) costs

Together, these innovations reflect our broader mission: to deliver resilient, efficient, and intelligent inverter systems that can serve every corner of India from rooftop installations in Kerala to large-scale plants in Maharashtra without compromising on performance or reliability

How is TBEA adapting its inverters for solar-plus-storage and hybrid energy systems?

TBEA is playing a proactive role in the transition toward solar-plus-storage and hybrid energy ecosystems, where integration of multiple power sources like solar, wind, and batteries is key Our inverter solutions are designed with a flexible and scalable architecture to support the increasing need for decentralized, multisource energy setups.

One critical advancement is AC coupling support, allowing TBEA inverters to integrate seamlessly with both new and existing gridconnected storage systems. This offers great flexibility for both retrofits and new projects

To optimize energy harvesting in hybrid environments, we utilize multi-MPPT technology, which dynamically tracks and responds to changing energy input conditions ideal for managing intermittent solar and wind sources

Empowering grids with rapid and flexible reactive power control TBEA inverters ensure stability even in the toughest conditions.

Our inverters achieve up to 99% efficiency and are compatible with both grid-following and grid-forming modes, making them suitable for a wide range of applications from on-grid to offgrid and even islanding scenarios Moreover, both string and central inverter options are available to meet the demands of everything from small microgrids to large utility-scale hybrid deployments

We’ve also introduced string-type Power Conversion Systems (PCS) tailored for hybrid and storage systems These string PCS units offer several advantages over traditional central PCS Their modular, scalable design supports flexible expansion and minimizes single-point failures In case of a fault in one unit, the remaining PCS units continue functioning, enhancing overall system uptime

These units are also lighter, more compact, and easier to install and maintain, making them especially beneficial for remote or spaceconstrained locations With multiple MPPT inputs, string PCS systems adapt in real time to changes in solar irradiance, wind input, or battery charge levels ensuring optimal energy flow in hybrid configurations

TBEA is currently engaged in large-scale hybrid and storage-integrated renewable projects, demonstrating our ability to offer future-ready energy solutions that are efficient, scalable, and robust

TBEA’s solar innovation powers India’s future. With intelligent cooling, high MPPT current capacity, and cuttingedge safety features, our inverters are built to optimize performance, even in the country’s most extreme weather conditions."

How is TBEA integrating AI and IoT for real-time monitoring and predictive maintenance in its inverters?

Innovation through AI and IoT integration is a key pillar of TBEA’s advancement in solar inverter technology. By combining real-time monitoring, predictive diagnostics, and intelligent automation, we’re enhancing both inverter performance and lifecycle management

Our systems are equipped with advanced data visualization platforms, which allow operators to track performance metrics in real time, helping them make data-driven decisions to optimize energy output and preemptively manage potential issues

Artificial Intelligence plays a crucial role by delivering predictive maintenance insights By analyzing real-time and historical performance data, our systems can detect anomalies and signal maintenance needs before failures occur, thus significantly reducing downtime and improving system reliability.

These AI-powered algorithms also work continuously in the background to extend equipment life, enhance system availability, and adapt to changing grid conditions The result is a smart, self-learning inverter ecosystem that provides consistent performance today and evolves to meet the needs of tomorrow.

This approach aligns with our broader goal to equip the renewable energy industry with smart, sustainable, and resilient technologies.

How does TBEA address high DC/AC ratios, reactive power, and fault ridethrough in large solar projects?

TBEA inverters are built to meet the demanding requirements of large-scale solar projects, particularly when it comes to supporting high DC/AC ratios, reactive power management, and fault ride-through (FRT) capabilities

Our 1500V string inverters can handle DC/AC ratios up to 1.8, enabling developers to deploy larger PV arrays without needing to scale up the AC infrastructure This capability is crucial for optimizing performance with high-efficiency and bifacial modules, including those with 182mm and 210mm formats It also contributes to a lower Levelized Cost of Energy (LCOE) while maintaining operational reliability

For reactive power control, TBEA inverters provide rapid and flexible support through active and reactive compensation. They operate efficiently even in weak grid conditions, with Short Circuit Ratio (SCR) as low as 1 2 Our inverters also feature Night

Static Var Generator (SVG) capability, enabling reactive power support during nighttime, which enhances grid reliability beyond daylight hours

TBEA’s inverters are also engineered with Low Voltage Ride-Through (LVRT) and High Voltage Ride-Through (HVRT) capabilities, ensuring they stay connected and operational during voltage fluctuations During FRT events, the inverters can even inject reactive current, supporting grid stabilization in real-time

Field-proven across dusty deserts, high humidity zones, and extremely hot climates, these rugged solutions are designed to meet stringent global grid codes, ensuring reliable performance and easy deployment in a wide range of environments

TBEA is leading the way in solar inverter innovation through advanced engineering, smart digital integration, and robust design tailored for India’s complex and growing energy landscape Whether it’s grid resilience, hybrid integration, or AI-driven intelligence, our technologies are built to power a sustainable energy future

FEATURED TALKS

Revolutionizing Solar with High-Efficiency Inverters and Storage

How do you see the current market dynamics shaping the solar industry in India, and what key trends will define its growth in the coming years?

The Indian solar industry is experiencing rapid growth, aiming for 500 GW of renewable energy by 2030, significantly driven by solar Government support and falling costs are key factors Rooftop solar, targeting 10 million households, is the fastestgrowing segment, while domestic manufacturing is expanding, with potential capacity exceeding 50 GW annually Future growth will be driven by increased capacity additions, energy storage (attracting billions in investment), and solar's role in green hydrogen production (5 million tonnes per annum target by 2030) Large solar parks will remain important, and the focus on a selfsufficient domestic manufacturing ecosystem will intensify

Jatin Sharma

Key Account Manager- Sales Sungrow

KEY HIGHLIGHTS

India’s solar market is rapidly growing with a 500 GW target by 2030, driven by rooftop solar, energy storage, and green hydrogen

Sungrow leads with a 50% market share in the utility segment and plans to expand local manufacturing under "Make in India "

New high-efficiency inverters and energy storage solutions cater to all segments, enhancing grid integration and renewable energy adoption

With increasing demand for highefficiency inverters and energy storage solutions, what new products or innovations is Sungrow India bringing to the market?

Sungrow India is launching advanced, highefficiency inverters and energy storage for all sectors in India:

Large-Scale: Flexible "1+X" modular inverters, high-efficiency SG320HX-20 string inverters, and the high-density PowerTitan 2 0 energy storage system

Commercial/Industrial: Complete solutions including SG75CX-P2,SG125CX-P2 and SG150CX-P2 premium inverters bringing up the optimized generation technology and safety features which In my opinion seems very important for the Industrial applications, PowerStack energy storage and iSolarCloud monitoring

Can you provide an overview of Sungrow India’s sales performance in the past year and how the company is positioning itself for future expansion?

Sungrow India has historically held a leading market share of more than 35% in the Indian solar inverter market, having supplied over 14.3 GW in 2024 with a market share of approx 50% in utility segment and cumulatively shipped over 40GW by early 2025 Looking ahead, Sungrow is planning to expand its existing local manufacturing capacity to cater increased demand. This planned expansion in production, aligned with the "Make in India" initiative, will support their focus on growing sectors like residential solar and battery energy storage systems (BESS) also.

Residential: New SGRS-L Single Phase Inverters Series with upcoming Micro Inverters and a lightweight, enhanced version of the Residential Inverters

Sungrow India is actively innovating and expanding its product portfolio to meet the increasing demand for efficient and reliable renewable energy solutions across residential, commercial, and utility-scale applications in India.

What are the biggest challenges in the Indian solar sector today, and how is Sungrow addressing them to support developers and EPC companies?

Key Challenges Facing the Indian Solar Sector:

The Indian solar sector currently grapples with significant hurdles, including the complexities of land acquisition and right-of-way approvals, difficulties in seamlessly integrating large-scale solar power into the existing grid infrastructure, and persistent concerns regarding access to affordable financing and the security of payments Furthermore, the sector navigates a landscape of evolving and sometimes uncertain policy and regulatory frameworks, alongside vulnerabilities in the global supply chain and fluctuating component costs A shortage of skilled personnel for project lifecycle management and ensuring the long-term quality and reliability of solar installations also present ongoing challenges Finally, the effective and economical integration of energy storage solutions remains a critical area of development

Sungrow's Strategic Response to Support Developers and EPC Companies:

Sungrow is actively addressing these challenges through a multi-pronged approach:

Delivering High-Performance and Dependable Technology:

By offering highly efficient and reliable inverters and energy storage systems, Sungrow empowers projects to maximize energy yield, minimize operational losses, and ensure enduring performance, directly tackling quality and reliability concerns and improving project economics

Enhancing Grid Compatibility:

Sungrow's inverters are equipped with sophisticated grid support functionalities, enabling smoother integration of solar power and contributing to overall grid stability

India’s solar industry is on an accelerated growth path, driven by government support, cost reductions, and a strong push towards energy selfsufficiency."

Facilitating Distributed Generation:

With a strong emphasis on advanced string inverter technology, Sungrow provides effective solutions for commercial, industrial, and residential projects, often bypassing the complexities associated with large-scale land acquisition and grid connections.

Providing Flexible and Scalable Solutions:

Innovative products like the modular "1+X" inverter and containerized energy storage systems offer adaptability to diverse project scales and site constraints, potentially easing land-related challenges

Enabling Energy Storage Integration:

Sungrow's expanding range of energy storage solutions directly addresses grid integration and energy curtailment issues, paving the way for more stable and dispatchable renewable energy projects

Leveraging Digitalization for Optimized Operations:

The intelligent iSolarCloud platform provides comprehensive monitoring and operational management capabilities, helping stakeholders enhance project performance, reduce downtime, and effectively manage their assets, mitigating the impact of skill shortages

Establishing a Strong Local Ecosystem: Sungrow's significant presence in India, including manufacturing and robust service infrastructure, ensures readily available local support, faster response times, and a deeper understanding of specific market needs and regulatory nuances

Fostering Collaborative Partnerships:

By actively engaging with developers, EPC companies, and other industry players, Sungrow cultivates strong relationships to better understand their unique challenges and tailor its offerings accordingly

Maintaining Cost-Effectiveness:

While prioritizing technological excellence, Sungrow remains committed to providing competitive pricing, assisting developers in managing project costs within a demanding market.

Adapting to the Evolving Regulatory Landscape:

As a global leader, Sungrow possesses the experience and agility to adapt its technologies and solutions to meet the dynamic policy and regulatory environment in India

In essence, Sungrow is proactively providing cutting-edge, dependable, and grid-friendly solar and storage solutions, underpinned by strong local support and collaborative partnerships, to empower developers and EPC companies in overcoming the key obstacles within the Indian solar sector and fostering its continued growth

Energy storage and green hydrogen are key to long-term solar growth."

With the government’s push towards achieving 500 GW of non-fossil fuel capacity by 2030, how do you see Sungrow contributing to India's clean energy transition?

As a global leader in solar inverter technology and proudly holding the largest market share in India , Sungrow is a driving force behind the nation's ambitious pursuit of 500 GW of nonfossil fuel capacity by 2030. Our substantial "Make in India" manufacturing capabilities and future expansion plans, underscore our deep commitment to this national endeavor We offer a comprehensive suite of cutting-edge inverter solutions tailored for every facet of India's solar landscape - from utility-scale power plants to distributed commercial and industrial installations, the 1 residential sector, and advanced energy storage systems Fueled by relentless innovation and a dedication to pushing technological boundaries, our highly efficient and reliable products ensure optimal performance and maximum energy generation. Beyond our technological prowess, we are a trusted and collaborative partner for solar project developers, working together to power India's sustainable energy transformation and realize the vision of a cleaner, greener future.

Boosting Solar Efficiency with Intelligent Inverter Technology

Rucas Wang

Deputy Sales General Manager of APAC Growatt

KEY HIGHLIGHTS

Growatt’s new inverters enhance efficiency with 20A input, multi-MPPT tracking, and grid stability

The WIT Series cuts energy costs by 50% with smart solar, grid, and battery integration

The 2025 plan boosts resilience, PV compatibility, and monsoon-ready design for India’s renewable

What are the key features of Growatt’s latest residential and C&I inverters for India?

Certainly. Growatt, as Asia No.1 Residential inverter supplier, Growatt has consistently led innovation in this sector Our new generation MIC X2 Pro, MIN X2 Pro, and MOD X2 Pro series are introduced to maximize compatibility with high-efficiency solar panels, featuring up to 20A input current These inverters adapt seamlessly to (1-6kW) single- or (3-15kW) three-phase setups, ensuring superior performance and more options for wide residential end-users

In the C&I segment, the MID 30-50KTL3-X2 and MAX 150KTL3-X LV inverters focus on lowering LCOE through multi-MPPT tracking, a DC/AC ratio of up to 1 5 times, and compatibility with higher wattage panels We’ve also integrated critical protections like Type II SPD on both AC/DC sides and smart remote diagnostics essential for India’s grid volatility and dust-prone environments

What advanced technologies enhance performance and grid stability in Growatt’s inverters?

Grid stability is non-negotiable in India’s complex energy landscape Our inverters address this through three pillars: resilience, precision, and compliance

Resilience: LVRT/HVRT capabilities maintain grid connectivity during voltage swings, while anti-islanding protection instantly isolates systems during outages

Precision: Real-time frequency/voltage regulation and reactive power compensation stabilize grid fluctuations, reducing losses. Sub-synchronous oscillation suppression eliminates resonance risks

Compliance: Active harmonic suppression and three-phase load balancing ensure adherence to India’s grid codes, even in highimpedance or weak-grid scenarios

These technologies don’t just meet standards they future-proof energy systems against evolving grid challenges

How do Growatt’s inverters support energy storage and hybrid applications in India?

In response to India's complex energy challenges, we developed the WIT Series hybrid inverters for both residential and commercial & industrial (C&I) applications Covering power ranges from 4-15kW (homes) to 30-100kW (factories), this scalable solution adapts to diverse energy demands across India’s dynamic grid environment

As we all know, India's C&I PV sector the backbone of 70–80% rooftop solar adoption faces two critical challenges: crippling grid tariffs and unreliable power supply. The WIT series tackles both head-on As an energy orchestrator, it dynamically balances grid power, solar panels, and batteries in real time slashing electricity costs by up to 50% for businesses where energy bills dominate operational budgets But the solution doesn’t stop there In grid-volatile regions, the system seamlessly integrates diesel/gas generators, creating a hybrid safety net for hospitals, factories, or any operation where downtime means lost lives or revenue

This adaptability extends to technical design To counter India’s erratic sunlight, the 2:1 DC/AC ratio squeezes maximum energy from panels even during monsoons or haze Storage flexibility matches diverse needs: homeowners mix-and-match low-voltage batteries via open protocols, while industries scale up to 209kWh high-voltage systems for round-the-clock cold storage or night shifts Multiple operational modes peak shaving, microgrid, backup, and more enable users customize energy strategies like adjusting a dial, prioritizing either cost savings or uninterrupted workflows

And because India’s environment tests hardware limits, the WIT series is armored for survival: fusefree design, IP66-rated dust/water resistance, and arc-fault protection that preempts fires. From Mumbai’s factories to Rajasthan’s villages, it’s engineered to endure while delivering precision energy control.

What are Growatt’s plans for innovation and expansion in India?

At Growatt, we're executing a three-pronged strategy to redefine India's renewable energy landscape through technological leadership and hyper-localized solutions Our 2025 plan focuses on:

Technological development prioritizes grid resilience and energy yield optimization Current R&D focuses on enhancing inverter compatibility with high-wattage PV modules through multiMPPT architecture, alongside developing hybrid systems that seamlessly integrate storage solutions with India’s erratic grid conditions This technical roadmap directly addresses the country’s dual challenges of rising energy demand and grid instability

With India’s solar market projected to surge across residential, C&I, and utility segments in 2025, Growatt is aligning our operations to capture this growth. The strategy combines modular product scalability with hyper-localized adaptations – from monsoon-resistant hardware designs to dynamic voltage regulation protocols for weak grids This approach positions Growatt not merely as an inverter supplier, but as a strategic partner in India’s transition toward its 500GW renewable energy target

FEATURED TALKS

Maximizing Solar Potential: The Game-Changing Benefits of NX Horizon-XTR™

How is Nextracker addressing India’s land availability challenges with its NX Horizon-XTR™ terrain-following solution?

Nextracker’s NX Horizon-XTR is revolutionizing solar deployment in India by enabling solar trackers to conform to natural terrain rather than requiring extensive land grading This breakthrough eliminates the need for cut-and-fill earthworks, reducing environmental impact and lowering construction costs By adapting to rolling and uneven landscapes, NX Horizon-XTR™ makes previously challenging sites viable for solar development, thereby expanding project opportunities Additionally, the technology accelerates project timelines by easing permitting and minimizing land preparation efforts With the latest XTR-1 5 further enhancing terrain adaptability, Nextracker is unlocking the potential of India’s diverse landscapes for tracker installation, allowing developers to efficiently utilize land while maintaining sustainability and costeffectiveness.

What advantages does NX HorizonXTR offer compared to traditional solar tracking systems, especially for India’s diverse landscapes?

NX Horizon-XTR offers a significant advantage over conventional solar tracking systems by eliminating the requirement for flat land Its terrain-following capability reduces grading by up to 90%, cutting down construction costs, minimizing environmental impact, and protecting the natural landscapes NX Horizon-XTR ™ could also help optimize steel required per foundation by up to 36” reducing steel costs These benefits make it ideal for India’s diverse landscapes, ensuring efficient solar installations even in hilly or uneven regions while maintaining cost efficiency and sustainability

Abhilash Pamulaparthy

Senior Product Manager Nextracker

KEY HIGHLIGHTS

NX Horizon-XTR™ enables solar projects on uneven terrain, reducing grading, costs, and environmental impact

It cuts grading by 90%, optimizes steel use, and enhances solar feasibility

By boosting energy yield and cutting costs, it accelerates India’s solar transition.

How does NX Horizon-XTR contribute to improving energy yield and reduce costs for solar developers in the region?

NX Horizon-XTR™ terrain following trackers significantly increase solar energy output by maintaining optimal solar module alignment with the sun When integrated with Nextracker’s TrueCapture® technology, it dynamically adjusts tracking for each row, minimizes row to row shading, maximizes energy output in low light conditions, further enhancing power generation The reduction of shading losses and improved land utilization contribute to higher energy output. On the cost side, the elimination of major grading activities saves up to 1,000–3,000 cubic yards per MW in earthwork, while lower steel consumption cuts material costs significantly. By reducing soil erosion and long-term maintenance expenses, NX Horizon-XTR provides a cost-effective, highyield solution for solar developers in India, ensuring greater project profitability and faster return on investment.

What role does Nextracker see itself playing in India's solar PV market, and how do you plan to expand your footprint?

Nextracker is committed to being a key enabler in India’s solar energy transition by providing advanced solar tracking solutions that enhance efficiency and reduce costs As land availability becomes more constrained, NX Horizon-XTR allows developers to build large-scale solar projects on undulating and challenging terrains To expand its footprint, Nextracker is strengthening partnerships with EPCs and developers, investing in local manufacturing, and continuously innovating to meet market demands The launch of XTR-1 5 further expands terrain adaptability, unlocking new project opportunities By offering reliable, scalable, and high-performance solutions, Nextracker is poised to support India’s ambitious solar growth and contribute to the country’s clean energy targets

With India's ambitious renewable energy targets, how is Nextracker aligning its innovations to support the country's solar growth?

NX HorizonXTR enables costeffective solar projects by reducing grading by 90% and adapting to diverse terrains."

India’s renewable energy targets demand innovative solutions that optimize efficiency and accelerate deployment, and Nextracker is aligning its technology roadmap to meet these needs By introducing NX Horizon-XTR, the company is enabling solar development on complex terrains, reducing project costs and environmental impact The integration of TrueCapture sophisticated optimization ensures maximum energy generation, while smart tracking solutions improve grid resilience Additionally, by minimizing land disturbance and soil erosion, Nextracker’s solutions support sustainable development. With a strong focus on local partnerships and supply chain investments, Nextracker is positioned to drive large-scale solar adoption in India, ensuring that developers can meet their energy targets efficiently and costeffectively

Innovating Solar Infrastructure for a Sustainable Tomorrow

Nishan Chaniyara

National Sales Head Raychem RPG

KEY HIGHLIGHTS

Raychem RPG’s solar connectors and junction boxes feature triple IEC certification and IP68 protection, ensuring top-tier safety and reliability for harsh Indian climates

The company’s advanced thermal design enhances energy efficiency by reducing cell temperatures and preventing hotspots

With a strong ‘Make in India’ focus and partnerships with EPCs, Raychem RPG offers locally manufactured, customizable solar solutions to meet growing demand.

What key innovations make Raychem RPG's new solar connectors and junction boxes stand out in the Indian solar PV market?

Raychem RPG's new solar connectors and junction boxes are designed to stand out in the Indian solar PV market with several key innovations:

EnhancedSafetyandDurability:

IP68 Protection: Ensures resistance to dust and water, enhancing longevity even in harsh environmental conditions

UL-94 V0, 5VB Flammability Rating: Highlevel fire resistance to ensure safe operation

HighPerformanceandReliability:

Advanced Thermal Design: Facilitates efficient heat dissipation, maintaining lower cell temperatures and preventing hotspots. Reliable Diode Integration: Offers protection against reverse current, reducing the risk of thermal damage

CertificationsandCompliance:

Triple IEC Certification: The connectors and junction boxes are tested for compliance with IEC standards three times, establishing a market-leading reliability benchmark.

1500V Rated Voltage and High Current Capacity (25A, 30A, and 35A): Supports larger and more efficient solar installations

MaterialExcellence:

XYRON Raw Material: Offers robust mechanical and electrical properties, ensuring long-term performance under Indian climate conditions

MarketDifferentiation:

Local Manufacturing: With indigenous production capabilities, Raychem RPG ensures faster delivery and competitive pricing

Targeted Solutions: Products are designed for compatibility with leading solar modules, catering specifically to the growing demand for large-scale solar installations.

These innovations position Raychem RPG as a reliable partner for solar developers seeking high-performance, durable, and certified solar connectors and junction boxes in India

How do these products enhance efficiency, reliability, and safety in India’s diverse climatic conditions?

A standout feature of Raychem RPG’s solar connectors and junction boxes is their robust safety design Both products come with an IP68 protection rating, making them highly resistant to dust and water ingress This ensures uninterrupted performance even in extreme environmental conditions, such as heavy rains, dust storms, and high humidity levels Additionally, the materials used provide UL-94 V0, 5VB flammability rating, offering exceptional fire resistance and mitigating the risk of electrical hazards

Raychem RPG's products feature an advanced thermal design that enhances heat dissipation, preventing hotspots and maintaining lower cell temperatures. This innovation ensures the solar modules operate at optimal efficiency, ultimately increasing energy generation In high-temperature regions, this feature is particularly beneficial in maintaining system longevity

What is Raychem’s strategy for market positioning and adoption of these new solar products in India?

Raychem RPG’s market positioning strategy revolves around delivering high-quality, certified products at competitive prices while maintaining a strong local presence By aligning with the Makein India initiative, the company supports the domestic solar industry and ensures faster delivery timelines

Additionally, Raychem RPG emphasizes building strong partnerships with EPC companies, solar developers, and government agencies to accelerate product adoption Through collaborative efforts and comprehensive training programs, the company ensures seamless product integration and optimal performance.

To further drive adoption, Raychem RPG leverages its robust supply chain network and offers extensive technical support. The company also provides product customization options to meet specific project requirements, enhancing customer satisfaction

Furthermore, participation in industry events, exhibitions, and government tenders enables Raychem RPG to showcase its product innovations and build brand recognition By emphasizing

quality, reliability, and compliance with international standards, Raychem RPG continues to establish itself as a trusted name in the Indian solar market

In conclusion, Raychem RPG’s innovative solar products are a strategic choice for developers seeking high-performance, long-lasting, and certified solutions These advancements contribute to the growth of renewable energy adoption in India, supporting the country’s sustainable energy goals

How do your solar products meet industry standards, certifications, and government regulations?

A major differentiator for Raychem RPG's solar connectors and junction boxes is their adherence to international standards. The products undergo triple IEC certification (IEC 62852 for connectors and IEC 62790 for junction boxes), which is a testament to their quality and reliability Unlike many competitors, Raychem RPG's choice to pursue multiple certifications enhances market credibility and provides confidence to solar project developers

Raychem RPG also complies with BIS (Bureau of Indian Standards) requirements, ensuring their products meet stringent safety and quality benchmarks in the Indian market The certifications validate the products’ performance in real-world conditions and certify their resistance to environmental factors such as UV radiation, moisture, and extreme temperatures

In addition, the products are rated for 1500V DC applications with current capacities of 25A, 30A, and 35A, making them ideal for large-scale solar installations. The capability to handle high voltage and current ensures better operational efficiency and reduces system losses, even in remote areas where consistent power output is essential.

What are Raychem RPG’s future for expanding its solar product portfolio in India?

Raychem RPG has been collaborating with local solar project developers and EPC (Engineering, Procurement, and Construction) companies to provide customized solutions that address specific project requirements This collaborative approach not only helps in delivering efficient solutions but also strengthens the company's footprint in the Indian solar industry

TALKS

Driving Efficiency: The Future of Microinverters and Hybrid Inverters

At Hoymiles, we are committed to delivering innovative, high-tech products at affordable prices globally. Specializing in MPLE solutions, we offer a wide range of microinverters tailored to customer needs Our HMS series (1kW and 2kW) is available in India, featuring a 2-input/4-input design that enables faster installation and lower costs, making it a costeffective choice Customers can choose between microinverters with built-in WiFi or Sub-1G microinverters with DTUs, offering a longer communication range and better interference handling.

Leveraging our R&D expertise, we’ve developed the 5kW MIT-5000-8T microinverter, designed for eight highpowered PV modules With four MPPTs for optimal energy harvesting, an 8-in-1 design reduces system costs, while the Sub-1G wireless solution ensures stable communication and remote monitoring via SMiles Cloud Set to launch in few months, the MIT-5000-8T will be a game-changer for the C&I sector

In addition to microinverters, our R&D has expanded to storage and utility string inverters. With increasing electricity prices, demand for energy independence, generation-consumption mismatch, energy storage is garnering immense acceptance from the market Our hybrid inverters (singlephase HYS series from 3-12kW, three-phase HIT series from 5-20kW) offer multiple modes, off-grid capabilities, and efficient performance These inverters are planned to be launched in a few months in India

Given the growth in India’s utility solar sector, our high power density 350kW HINV350HX20 inverter is designed to provide stability and reliability in complex scenarios It features six MPPTs and supports current up to 75A per MPPT, offering flexibility in system design Innovative grid-connected algorithms and broadband PLC technology enable fast response to grid dispatching, effectively supporting the grid

Sunesh Menon

Manager - Technical & Service Hoymiles

KEY HIGHLIGHTS

Hoymiles's high power density 350kW HINV350HX-20 inverter is designed to provide stability and reliability in complex scenarios

Strengthened after-sales support with technical managers and local partnerships.

Upcoming BESS solutions and smart energy management for sustainability

Looking ahead, we plan to offer BESS solutions ranging from 100kW to 5MW for the C&I and utility sectors in India We are optimistic about India’s solar potential and are eager to contribute to a sustainable, green future with our product offerings

How is Hoymiles tailoring support for Indian solar and storage customers?

Hoymiles is committed to providing exceptional technical services and after-sales support tailored to the specific needs of Indian solar and storage customers, particularly in the residential and C&I segments To ensure a high level of technical expertise, we have appointed three dedicated technical managers in India These managers are readily available to address any presales and postsales technical queries, ensuring customers receive prompt and accurate support at every stage of the project

We are also establishing strong partnerships with local service providers across the country, enabling us to offer swift and efficient postsales support, no matter how remote the location This network of service partners ensures that our customers, whether in urban or rural areas, can access quality assistance and maintenance services whenever needed

In addition, we run an installer certification program designed to equip solar installers with in-depth knowledge of Hoymiles' systems This program ensures that installers are not only familiar with our products but are also trained to uphold Hoymiles’ high-quality standards during installations, ensuring optimal performance and reliability of the systems

Looking towards the future, we plan to set up a global technical support center in India This will not only enhance our ability to support technical queries and service needs across India but will also serve as a hub for addressing global technical inquiries, providing our customers worldwide with seamless support and reinforcing India’s role as a critical part of our global operations

How is Hoymiles addressing India’s growing need for scalable energy storage and solar solutions?

As India’s demand for efficient and scalable energy storage and solar solutions grows, Hoymiles is positioning itself to meet these challenges by offering a diverse range of products tailored to residential, C&I and utility sectors Our hybrid inverters, available in both single-phase (HYS series) and three-phase (HIT series) models, cater to various energy needs, ranging from 3kW to 20kW These inverters provide enhanced functionalities such as full-load EPS, off-grid availability, and better export limit control, making them ideal for the Indian market To further address the growing need for energy storage, we plan to launch BESS solutions ranging from 100kWh to 5MWh, aiming to provide sustainable, grid-friendly energy solutions for both commercial & industrial and utility sectors With policies being drafted in India mandating the integration of storage, even for vanilla solar power plants, Hoymiles is well-positioned to support this shift and contribute to India’s transition to a sustainable, energy-independent future

Hoymiles is growing globally. How does India fit into your regional strategy, and what role will smart energy management play?

India is a vital part of Hoymiles' regional growth strategy, and we see immense potential in contributing to the country’s energy transformation With the country’s booming solar sector and rising demand for efficient energy solutions, India presents exciting opportunities for us to make a significant impact Our product offerings, including innovative microinverters, hybrid inverters, utility string inverters and energy storage solutions, are designed to meet the diverse energy needs of residential, C&I and utility customers As we embrace upcoming technologies like smart energy management, our solutions will empower customers to optimize energy consumption, enhance system performance, and drive cost savings With the ongoing push towards renewable energy, Hoymiles is excited to be a key player in shaping India’s clean energy future

Hoymiles launching in India in 2025?

Jakson’s

Hybrid

Energy

solutions ensure round-the-clock clean power for commercial and industrial users, ensuring energy reliability.

How is Jakson positioning itself in India’s

India's rapid economic growth, urbanization, and rising energy demand have driven significant advancements in power generation, transmission, and distribution, with solar power emerging as the dominant renewable energy source. The country’s solar capacity has grown from less than 10 GW in 2018 to over 100 GW in 2024-25, with a record 24 5 GW of solar installations in 2024, nearly 2 8x the previous year

Amidst this rapid expansion, Jakson is positioning itself as a key player in India’s solar PV market, focusing on manufacturing as well as utility-scale, rooftop, and hybrid energy systems. The company currently has 1200 MW of solar module manufacturing capacity in Greater Noida and is investing in two phases to expand to 6 GW solar wafer, cell and module manufacturing capacity In the first phase, Jakson is investing over ₹2,000 Cr (US$240M) in a 2 5 GW solar cell plant and expanding its solar module manufacturing capacity from 1.2 GW to 3 GW, aligning with India’s ‘Make in India’ initiative to boost domestic production and reduce import dependency

Demonstrating its execution capabilities, the group has a portfolio of 5+ GW Solar EPC, 4+ GW of Solar O&M services, 300+ MW of Solar Rooftop installations as well as multiple hybrid energy systems across India and abroad.

Jakson Green, a new energy transition platform backed by Jakson Group is installing 1 1 GW of Solar and Wind renewable assets and plans to expand this capacity to 5 GW, supporting the government’s mission for 50% renewable energy generation by 2030

Sanjay Gupta

Chief Business Officer Jakson Group

KEY HIGHLIGHTS

Landscape of solar in India and future outlook.

The company offers advanced solar-plus-storage hybrid solutions with BESS ranging from 3 kW to MW-scale capacity

Jakson’s BESS solutions enhance round-the-clock renewable power for commercial and industrial users, ensuring energy reliability

What innovative solar technologies or solutions is Jakson bringing to the Indian market?

Jakson is driving solar innovation in India with high-efficiency solar PV modules tailored for Indian climatic conditions Its N-Type TOPCon modules offer up to 23.34% efficiency with bifacial gains of 25%, while P-Type Monofacial modules leverage Multi-Busbar (MBB) and M10 Half-Cut Cell technology for enhanced energy yield

The company is expanding its solar manufacturing capacity with a ₹2,000 Cr investment in a 2 5 GW solar cell plant and 2 GW module expansion, reinforcing India’s domestic solar supply chain. It is also pioneering floating solar, agrivoltaics, and hybrid solar-wind solutions to optimize land use and drive renewable energy adoption.

Jakson is integrating smart solar solutions with IoT for real-time performance monitoring and optimization while developing Battery Energy Storage Systems (BESS) from 3 kW to MW-scale to enhance energy resilience The company’s IPP portfolio (1 1 GW), solar EPC portfolio (5 GWp executed, 4 GWp O&M) and largest Hydrogen fueling station as well as CO₂-to-Green Methanol conversion project further strengthen its sustainability efforts

With ALMM-certified solar modules, a strong focus on rooftop and utility-scale projects, and initiatives like a 50 MW rooftop solar project in UP (₹200 Cr investment) to offset 62,500 tonnes of CO₂ annually, Jakson is shaping India's clean energy future with cutting-edge solar and hybrid solutions

Energy storage is the backbone of a resilient renewable future, ensuring that power remains stable and accessible even when the sun isn’t shining or the wind isn’t blowing."

How does Jakson plan to expand its footprint in the rooftop and utility-scale solar segments?

Jakson is expanding its rooftop and utility-scale solar footprint through manufacturing scale-up, strategic investments, and partnerships It currently has executed multiple projects with a portfolio of 300+MW Solar rooftop projects In the coming year, the company intends to become one of the top three solar rooftop players in India With 1 1 GW of solar & wind renewable assets and 5+ GW of Solar EPC projects in India and globally, the company is one of the largest utility scale solar companies in India The company has won several awards for its strong execution capabilities and follows ESG principles at all its sites

In C&I rooftop solar, Jakson is a well known brand and has recently won a 50 MW rooftop project in UP , one of the largest in the country. On the utility-scale front, it has executed 5+ GWp of Solar EPC projects and manages 4+ GWp in O&M services, with a ₹3,400 Cr (USD 400M) investment with Blueleaf Energy for a 1 GW solar portfolio

Additionally, Jakson is investing in solar parks and open-access solar projects for large power consumers while expanding into floating solar, hybrid solar-wind, and microgrid solutions, reinforcing its leadership in India's clean energy transition

fast-growing solar PV market?

How is Jakson integrating battery storage solutions with solar PV to enhance energy reliability in India?

Jakson is actively integrating Battery Energy Storage Solutions (BESS) with solar PV to enhance energy reliability in India by seamlessly integrating renewable energy into the grid. The company offers BESS solutions ranging from 3 kW to MW-scale, ensuring a stable and uninterrupted power supply for various applications, including commercial, industrial, and utility-scale projects

To support solar-plus-storage hybrid systems, Jakson is deploying MW-scale battery storage solutions globally, mitigating intermittency issues and providing round-the-clock energy availability. These solutions are particularly beneficial for C&I consumers, microgrids, and utility-scale solar projects, ensuring power stability and energy resilience

Jakson is also collaborating with technology partners to develop grid-scale storage projects focused on peak power management and smart grid integration. As part of its ‘Make in India’ initiative, the company is exploring indigenous battery storage manufacturing, strengthening India's energy security Additionally, it is leveraging IoT-driven energy management systems for real-time monitoring and optimization of storage utilization

With a strong focus on hybrid solar-plusstorage solutions, smart grid expansion, and grid-scale storage deployment, Jakson is positioning itself as a leader in solar energy reliability and grid stability, playing a crucial role in India's renewable energy transition

By investing in storage technology today, we ensure a cleaner, more reliable energy future for generations to come. "

What are the key challenges in scaling solar-plus-storage projects, and how is Jakson addressing them?

Scaling solar-plus-storage projects in India faces challenges like high upfront costs, regulatory barriers, technological evolution, supply chain issues, and skill shortages Jakson is addressing these through strategic partnerships, policy advocacy, and innovation. On the regulatory front, Jakson is engaging with policymakers to push for incentives and clear regulations for solarstorage adoption

Investing ₹2,000 Cr in state-of-the-art manufacturing, Jakson is driving costeffective energy solutions to stay ahead of rapid tech advancements. To strengthen supply chains, it is partnering with key players in India and abroad to ensure long term growth

Jakson is also investing in workforce upskilling and industry-academia partnerships to build expertise in solar ecosystem, battery tech, smart grids, and hybrid solutions By integrating financial backing, regulatory engagement, and advanced technology, Jakson is paving the way for scalable, efficient, and sustainable solar-plus-storage solutions in India

What role do battery energy storage systems (BESS) play in enabling roundthe-clock renewable power for commercial and industrial users?

Battery Energy Storage Systems (BESS) play a vital role in enabling round-the-clock renewable power for commercial and industrial (C&I) users by addressing intermittency, optimizing energy usage, and ensuring cost savings Jakson’s BESS solutions (ranging from 3 kW to MW-scale) integrate with solar PV to facilitate energy shifting, allowing surplus solar power to be stored during the day and used during peak demand or nighttime, ensuring continuous operations for businesses

By reducing dependency on expensive peakhour grid electricity, BESS helps lower energy costs and enhances sustainability for C&I users Additionally, Jakson is developing grid-scale storage projects to support peak power management, helping industries optimize power consumption and avoid grid instability.

BESS also plays a crucial role in enhancing grid stability, mitigating the intermittency challenges of solar power generation, and ensuring a reliable energy supply Jakson integrates IoTdriven smart energy management systems for real-time monitoring and optimization, enabling businesses to maximize renewable energy usage

Through MW-scale BESS deployment, hybrid energy solutions, and smart grid technologies, Jakson is ensuring that C&I users benefit from reliable, cost-effective, and 24/7 renewable power, accelerating India’s transition to a sustainable energy future

p , g g viable and competitive in the Indian market

What are your plans for expanding manufacturing capacity or entering new markets in India and abroad?

SWELECT is targeting a 1 GW+ expansion of its IPP and EPC portfolio by 2026–27, while simultaneously developing a cutting-edge 1 GW solar cell manufacturing facility We’ve secured over 150MW orders for TOPCon bifacial modules, with more projects in the pipeline Our modules undergo Extended Reliability Testing and are backed by thirdparty reinsurance With ₹290 crore in strategic funding, we’re accelerating growth in the IPP & EPC segment. These efforts strengthen our presence in India and support entry into global markets with high-efficiency, futureready solar solutions

ECT’s Journey of Innovation & Expansion

Uday Kamath

Vice President (Channels)

Swelect Energy Systems Ltd.

KEY HIGHLIGHTS

SWELECT overcomes supply challenges with flexible BOMs and strong financial backing

It’s expanding with a 1 GW cell facility and ₹290 Cr in strategic funding

Advanced tech like TOPCon and AI keeps SWELECT at the forefront of solar innovation

How do government policies like ALMM mpact your operations, and what further support would benefit the solar?

ALMM has a significant impact on Indian solar manufacturing and is positively driving growth, as users increasingly prefer Indian-made modules. Currently, ALMM applies only to solar modules, but its extension to cells is underway For this move to be truly effective, adequate domestic cell manufacturing capacity must be developed to meet demand and ensure a smooth transition

like bifacial modules, which generate power from both sides, and AI-optimized manufacturing for real-time process adjustments Automation and robotics enhance precision and reduce costs With readiness for future technologies like back contact and HJT, SWELECT ensures high efficiency, lower environmental impact, and cost-effective production strengthening its position as a leader in sustainable and innovative solar module manufacturing

How does Swelect stay at the forefront of solar PV module technology, and what innovations are you pursuing? How does Swelect Energy Systems maintain its leadership in India's solar PV module manufacturing sectors ?

SWELECT Energy Systems maintains its leadership in India’s solar PV module manufacturing sector by embracing cuttingedge technologies Over the past three years, it has transitioned from traditional Back Surface Field (BSF) technology to advanced Passivated Emitter and Rear Cell (PERC) and Tunnel Oxide Passivated Contact (TOPCon) technologies. PERC enhances efficiency by capturing light from both sides, while TOPCon reduces electron recombination and improves high-temperature performance With conversion efficiencies exceeding 26% and lower light-induced degradation, SWELECT ensures long-term reliability and cost-effective energy solutions These innovations strengthen its competitive edge and commitment to high-performance, sustainable solar solutions for diverse Indian climates

What is your current production capacity, and what advanced technologies are integrated into your manufacturing process?

SWELECT currently has a production capacity of over 1GW+ and is planning further expansion, including a solar cell manufacturing line The company integrates advanced technologies

SWELECT Energy Systems Ltd stays at the forefront of solar PV module technology through continuous innovation, rigorous quality assurance, and strategic business expansion.

SWELECT specializes in high-efficiency TOPCon bifacial solar PV modules, which are recognized for their advanced performance and durability These modules undergo Extended Reliability Testing (ERT) and are backed by third-party reinsurance to ensure long-term reliability.

The company maintains a 100% success rate in module testing, with all units passing evaluations by TÜV and other accredited laboratories on the first attempt, showcasing its commitment to quality

SWELECT operates state-of-the-art manufacturing facilities, including a fully automated photovoltaic plant in Coimbatore, Tamil Nadu The facilities integrate research and development, inhouse Reliability testing to advance modules durability and reliability SWELECT’s innovations align with India's clean energy goals, setting benchmarks in the renewable energy sector while expanding its footprint in solar power generation and module manufacturing.

RenewX 2025: Igniting India’s Green Energy Future

How does Informa Markets strategically position RenewX to drive policy decisions and

RenewX has supported the renewable energy industry in South India since 2015, aligning with government policies and fostering growth by connecting manufacturers, developers, and investors Informa Markets focuses on delivering high-quality events that fast-track industry expansion RenewX 2025 will showcase cutting-edge technologies, featuring over 200 brands, including major names like Swelect Energy and Waaree Energies, to promote business deals and investments

How is RenewX aligning its agenda to address critical industry bottlenecks?

RenewX addresses bottlenecks like grid integration and financing through conferences and expert sessions. Informa Markets supports India’s 500 GW non-fossil fuel target by fostering innovation and reducing reliance on imports through backward integration The 2025 edition will focus on investments, manufacturing, grid connectivity, and energy storage, with a new BIO Pavilion in collaboration with the Indian Biogas Association

What motivated the decision to change the location for RenewX 2025?

The move to Chennai was driven by strategic alignment, enhanced infrastructure, and better market access Chennai’s leadership in renewable energy and proximity to Southern India’s growing renewable market, including states like Karnataka and Kerala, provides exhibitors and attendees with increased outreach opportunities The Chennai Trade Centre’s sustainable infrastructure complements the event’s green energy goals.

Julian Thomas

Senior Project Director

Renewable Energy & Battery Portfolio

Informa Markets India Pvt Ltd

KEY HIGHLIGHTS

RenewX drives South India’s renewable growth with 200+ innovative brands and policy alignment.

It supports India’s 500 GW goal by addressing key challenges and boosting local manufacturing

The move to Chennai expands reach, tapping into Tamil Nadu’s strong renewable ecosystem

How is industry support shaping RenewX 2025?

RenewX 2025 has garnered strong backing from key industry associations like TNSEDA, KREEPA, and KRESMA, ensuring diverse representation across the renewable energy value chain This support enhances networking opportunities and strengthens the event’s impact on the industry

Which disruptive technologies are expected to dominate the renewable energy landscape, and how is RenewX facilitating their adoption?

Disruptive technologies such as solar energy innovations, advanced energy storage solutions, and green hydrogen are expected to lead the market. RenewX showcases these technologies, offering direct interaction with buyers and industry experts The conference will discuss policy impacts and the adoption of next-gen solutions to drive the industry forward.

Will there be discussions on advanced battery technologies, green hydrogen, or alternative storage solutions at RenewX 2025?

Yes, RenewX 2025 will feature the latest storage solutions across residential, commercial, and utility sectors, including advanced battery technologies and green hydrogen The event will highlight innovations in energy storage, with expert speakers offering insights into these critical solutions for large-scale renewable adoption.

With over 200 leading brands, including pioneers in solar and energy solutions, this showcase will be the definitive destination for cuttingedge technologies in energy storage, green hydrogen, and beyond.”

How does RenewX integrate learnings from international markets to enhance India’s renewable energy ecosystem?

Informa Markets integrates global insights by showcasing international trends and hosting bilateral trade sessions with entities like the Indo American Chamber of Commerce Additionally, the Solar Installers Premier League encourages skill development and product knowledge, fostering industry growth in India and beyond

What is Informa Markets’ long-term vision for RenewX in Chennai?

RenewX 2025, sold out and highly anticipated, reflects its growing market value. Informa Markets is committed to enhancing customer experience, profitability, and availability of renewable energy solutions. With a huge potential in South India, the event aims to continue leading the market and creating unlimited business opportunities in the region

Bringing the Next Generation of Solar Power to India

First Solar is a global provider of responsibly produced, eco-efficient solar modules The only US-headquartered company among the world's largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with its advanced thin film photovoltaic (PV) solar technology The company has operated in the Indian market for over a decade and has deployed over 2 gigawatts (GW) of its modules in the country First Solar’s factory in Chennai has an annual nameplate capacity of 3.3 GW.

The Chennai facility, which was commissioned in 2024, directly employs approximately 1,000 people It is India’s first fully vertically integrated solar manufacturing plant, utilizing a proprietary manufacturing process that transforms sheets of glass into fully functioning solar modules in approximately four hours, all under one roof The factory connects highly skilled workers with Industry 4 0 architecture, machine-to-machine communication, artificial intelligence, and Internet of Things connectivity

The company's innovative modules represent the next generation of solar PV technology, providing a competitive, high-performance, and responsibly produced alternative to conventional crystalline silicon PV panels made in China The Chennai factory manufactures a PV module optimized for India’s operating environment and needs. First Solar’s Series 7 solar module is uniquely advantaged in this market due to its temperature coefficient and spectral response advantages, which can result in 5-8% more energy over its lifetime than crystalline silicon solar panels in hot, humid climates

The Chennai facility follows First Solar’s Responsible Solar principles across sourcing, manufacturing, and lifecycle management The company’s resource-efficient manufacturing process enables it to produce modules with a carbon and water footprint that is four times lower, and an energy payback time that is five times faster than crystalline silicon panels on a lifecycle basis

Located in an area of high baseline water stress, the Chennai factory is believed to be the world’s first net-zero water withdrawal solarmanufacturing facility It is designed to minimize its impact on local water resources by relying entirely on tertiary treated reverse osmosis water from the city's sewage treatment plant with zero wastewater discharge. The factory is also home to India’s first solar PV recycling plant The integrated, high-value recycling facility allows the company to maximize material recovery from end-of-life modules and recover more than 90% of module materials for reuse, providing high-quality secondary resources for new solar modules as well as glass, rubber, and aluminum products.

The company has also implemented a program that selects and hires qualified female college graduates and provides them with three months of specialized training at Nettur Technical Training Foundation (NTTF). Today, the Chennai factory employs a workforce that is approximately 40 percent female

NewEnergie: Revolutionizing Solar Tracking Solutions for a Sustainable Future

In the pursuit of sustainable energy, the role of innovative solar technology has become increasingly paramount NewEnergie, a leading name in the solar industry, is at the forefront of this transformation. With its state-of-the-art production facility in Navi Mumbai, India, boasting an impressive 2 GW capacity, NewEnergie has emerged as a proud contributor to India’s solar revolution Notably, the company offers solar tracking solutions that promise to redefine how we generate solar power, enabling greater efficiency and a significant reduction in the Levelized Cost of Energy (LCoE)

Proudly "Make in India" Product: NewEnergie Solar Tracking Solutions

NewEnergie is committed to producing high-quality, "Make in India" solar solutions Its cutting-edge manufacturing facility in Navi Mumbai serves as a testament to India’s growing expertise in clean energy technology As one of the leading manufacturers of solar tracking systems, NewEnergies’ products stand as a symbol of India’s selfreliance in renewable energy production

The company’s solar tracking solutions are engineered to provide maximum energy yield from solar installations by ensuring that solar panels are always oriented optimally toward the sun. This allows for increased energy capture, improved efficiency, and a reduction in the cost of electricity generation over time compared to traditional fixed-tilt systems, which often underperform, especially during off-peak hours or seasonal changes

Introducing CorroProtekt: Enhanced Durability and Environmental Responsibility

One of the key innovations introduced by NewEnergies is the CorroProtekt coating, a proprietary solution that enhances the durability and longevity of solar trackers in harsh environmental conditions. This special coating can be tailored for use in C5 corrosion zones, ensuring protection even in environments with extreme exposure to corrosion

In addition to its robustness, CorroProtekt is an environmentally friendly solution Unlike traditional coatings that rely on acid cleaning and surface preparation processes typically required for Hot-Dip Galvanizing (HDG), CorroProtektdoes not involve any acid-based cleaning. This makes it a more sustainable and eco-friendly alternative, contributing to a greener production process while ensuring that the products withstand the rigors of the environment over their lifetime

Improved Generation, Efficiency and Flexibility in Solar Projects

The most significant advantage is increase in electricity production, with solar trackers typically improving energy output by 20-30% compared to traditional fixed-tilt systems

Moreover, NewEnergie solar tracking systems offer the added benefit of adaptability Over the course of a project’s life, the size of solar modules may change due to technological advancements or upgrades. NewEnergie’ solar trackers can easily adapt to these changes, ensuring continues to perform optimally and remains aligned ng energy needs and technology landscape This NewEnergie' tracking solutions an ideal long-term lar power developers and operators.

C Capacity Requirements

so play a pivotal role in reducing the required DC ven level of generation In traditional systems, higher ten necessary to account for inefficiencies and loss of n due to suboptimal panel alignment However, with nsuring optimal panel orientation, the DC capacity n be reduced for the same level of energy output. This n costs but also improves the overall efficiency of the ting to a more streamlined and economically viable

led Tracker Assemblies: Saving cing On-Site Complexity

he advanced technology behind NewEnergie’ solar mpany offers preassembled tracker assemblies for its e preassembled solutions dramatically reduce the time allation on site, simplifying the construction process or costs This not only accelerates the timeline for solar reduces the risk of installation errors, ensuring that the y p optimally right from the start.

company Feature

The Importance of Solar Tracking Solutions in Reducing LCoE

While the initial capital expenditure (CapEx) for installing solar trackers may be higher, the long-term benefits are undeniable By improving the generation of electricity, solar tracking systems significantly reduce the Levelized Cost of Energy (LCoE) LCoE is the cost per unit of energy produced over the lifetime of a solar project, and it is one of the most important metrics when evaluating the viability of a solar installation NewEnergie solar tracking solutions increase the capacity factor of solar installations, which directly translates into higher energy production and a lower LCoE

While the initial investment in solar trackers might increase CapEx, the improved generation capacity compensates for the added cost The added efficiency of solar trackers means fewer solar panels are needed to meet the same energy production goals, ultimately reducing the amount of materials required This in turn minimizes the waste generated at the end of the system’s lifecycle, contributing to a more sustainable solar industry overall

As the Indian government strives to meet ambitious renewable energy targets, it is essential to support innovations like solar tracking solutions that can help reduce the cost of solar power and increase energy efficiency NewEnergie advocates for the inclusion of solar tracking systems as an integral part of the policy framework for large-scale solar projects One way to encourage the adoption of these systems is through targeted incentives, such as interest subsidies on loans for projects that include solar trackers

By providing financial incentives for the adoption of solar tracking solutions, the government could accelerate the transition to higherefficiency solar systems, helping India meet its renewable energy goals faster and more cost-effectively A key advantage of solar trackers is that they enable more energy generation from the same number of modules In fact, current solar module manufacturing with a total capacity of 78 GW can effectively be treated as 90 GW due to the improved generation enabled by solar trackers.

NewEnergie is setting a new benchmark in solar technology with its innovative tracking solutions. By increasing efficiency, reducing the LCoE, offering flexibility in module size adaptation, and introducing the environmentally friendly CorroProtekt coating, NewEnergie is helping shape the future of solar power in India and beyond The company’s preassembled trackers and comprehensive maintenance packages offer added value, ensuring the longevity and reliability of every system.

The government must recognize the value of solar trackers and provide the necessary incentives to ensure that these technologies are implemented on a large scale With solar trackers playing such a crucial role in improving energy generation and reducing environmental impact, they are undoubtedly a key component in India’s renewable energy future

Please contact for further information: Conclusion

company Feature

Contendre Solar (Contendre Greenergy Limited): Leading the Future of Solar Manufacturing with a State-of-the-Art, AI-Enabled Facility

Contendre Solar, operating under the legal name Contendre Greenergy Limited, is proud to announce the upcoming launch of our advanced, AI-powered, and fully automated manufacturing facility, which will be operational post-Diwali This cutting-edge facility underscores our unwavering commitment to delivering high-efficiency, innovative solar solutions at a large scale, reinforcing our position as leaders in the renewable energy sector.

Strategically located in Wada, Maharashtra, our facility offers direct access to critical logistics networks, including ports, air cargo hubs, and major highways, ensuring the rapid and cost-efficient distribution of solar products both within India and globally. This strategic positioning allows us to meet the growing needs of our customers with unmatched speed and reliability

The new manufacturing plant is not only a reflection of our growth but also a testament to our future-oriented approach. Designed with scalability in mind, it incorporates the latest advancements in technology, enabling us to evolve alongside the ever-changing demands of the solar industry.

What Sets Our Facility Apart?

AI-Enhanced Production:

Our facility is powered by artificial intelligence, enabling real-time optimization of the manufacturing process This ensures superior quality control, enhanced efficiency, and minimal waste throughout production.

Advanced Technological Capabilities:

We are equipped to manufacture 10BB Mono PERC and 16BB TOPCon solar modules, offering both glass-to-backsheet and glass-to-glass options This flexibility allows us to meet diverse customer requirements with precision.

Why Partner with Contendre Solar?

Proven Industry Expertise:

With over five years of experience in solar manufacturing and multiple operational plants, we possess the expertise to deliver solar solutions that exceed industry standards

Optimized Logistics for Timely Deliveries:

The facility's strategic location ensures fast and reliable distribution, helping us reduce transportation time and costs while ensuring timely product delivery

Secure Your Production Capacity:

We are currently booking production capacity in advance for largescale OEMs, providing you with the opportunity to reserve production slots and plan your solar projects effectively.

Customized Solutions for Your Needs:

Whether you require 10BB Mono PERC or 16BB TOPCon solar modules, or specific configurations like glass-to-backsheet or glass-to-glass, our facility offers tailored solutions to meet the unique needs of your projects

If you are looking for a trusted manufacturing partner with a proven track record of excellence and innovation, Contendre Solar is here to help you power the future with cutting-edge solar solutions

Contact Us:

For inquiries or to secure your production capacity, please reach out to us at sales@contendresolar.com

With a production capacity of 1 2 GW, our facility is fully equipped to handle large-scale orders while maintaining the highest standards of quality and timeliness

Scalable Production Capacity: Strategic Logistics Hub:

Our central location in Bhiwandi, Maharashtra, is supported by access to ports, air cargo hubs, and road networks, ensuring swift and efficient distribution to meet both domestic and international demands

Alishan Green Energy: Redefining Solar Material Excellence with NABL Accreditation

In the ever-evolving renewable energy sector, quality and reliability remain paramount Alishan Green Energy stands at the forefront of innovation, delivering world-class solar module materials that meet the highest industry standards With a steadfast commitment to excellence, the company has achieved NABL accreditation, reinforcing its dedication to precision, dependability, and international compliance

NABL Accreditation: A Mark of Global Trust

The National Accreditation Board for Testing and Calibration Laboratories (NABL) operates under the Department of Science and Technology, ensuring that laboratories adhere to globally recognized standards such as ISO/IEC 17025 and ISO 15189 This accreditation signifies that Alishan Green Energy’s testing processes meet stringent technical competency requirements, guaranteeing the accuracy and reliability of its results.

In industries like solar energy, where performance and safety are crucial, NABL accreditation provides an added layer of confidence It assures customers that every material used in solar modules undergoes rigorous testing for durability, efficiency, and compliance with industry benchmarks Alishan Green Energy takes this commitment further by not just meeting these standards but striving to set new ones

Advanced In-House Testing & Continuous Innovation

Alishan Green Energy’s in-house laboratory employs state-of-the-art testing methodologies to ensure that every component from raw material selection to final product validation meets the highest expectations The company’s dedication to continuous improvement drives its ongoing investments in cutting-edge technology and best industry practices, resulting in superior solar solutions.

By maintaining a proactive approach to research and development, Alishan Green Energy ensures that its encapsulants and backsheets offer exceptional performance, reliability, and longevity The company’s NABL accreditation marks the beginning of a journey focused on evolving with the latest advancements in solar technology

Premium Product Portfolio: Encapsulants & Backsheets

Alishan Green Energy provides an extensive range of encapsulants and backsheets, meticulously designed for superior solar module performance

Encapsulants: The portfolio includes EVA for robust adhesion, POE for high-efficiency modules, Low-Acid EVA for TOPCon technology, and EPE, a hybrid encapsulant integrating EVA and POE for versatile applications

Backsheets: Offering solutions such as KPC for outstanding weather resistance, CPC for enhanced mechanical strength, and PPC for an eco-friendly yet high-performance alternative

With a vision of sustainability and technological excellence, Alishan Green Energy continues to lead the industry by delivering innovative, high-quality solar materials The NABL accreditation is a testament to the company’s unwavering commitment to setting new benchmarks in solar energy solutions

For more information, visit Alishan Green Energy.

Sineng Electric Supports Brazil’s Largest Solar Carport, Driving Energy Efficiency and Sustainability

Goiânia, Brazil, March 25, 2025 - Sineng Electric is proud to be at the forefront of Brazil's clean energy transformation by providing cutting-edge technology for the nation’s largest solar carport. This carport is part of the 5MW Ceasa Photovoltaic Plant in Goiânia, a project that exemplifies the synergy between innovative solar technology and sustainable infrastructure.

With a total investment of R$ 33 5 million, financed by CelgPar, the Ceasa solar PV plant is a key initiative within the Energy Efficiency Program led by the Government of Goiás. Now fully operational, the plant generates 11,800 MWh of electricity annually, delivering substantial economic and environmental benefits.

As reported by the Government of Goiás, the 2 5MW solar carport is the largest of its kind in Brazil With 4,900 solar modules installed, the carport combines renewable energy generation with functional design, offering 980 parking spaces while shielding vehicles from sunlight and precipitation This innovative structure contributes to the reduction of carbon dioxide (CO2) emissions by 1,697 tons annually, which is equivalent to planting 7,000 trees or removing 369 vehicles from the streets

The entire project was executed by Moove Energia, the EPC responsible for engineering, procurement, and construction Ensuring exceptional performance and long-term reliability, the project features Sineng’s SP-250K-H string inverters, known for their exceptional operational efficiency and adaptability Equipped with 12 MPPTs and a maximum efficiency of 99 0%, these inverters optimize power generation and enhance profitability More importantly, the I-V curve diagnosis technology allows for rapid and accurate troubleshooting without the need for additional on-site experts, thereby significantly simplifying the O&M process.

“We are privileged to contribute to this project, which underscores the vital role of solar technology in achieving energy efficiency and sustainability,” said John Hu, General Manager of Sineng Electric International Department “This project not only demonstrates the vast potential of technological innovation but also reaffirms Sineng’s commitment to delivering advanced, reliable, and efficient energy solutions that address modern energy needs while promoting environmental stewardship ”

About Sineng

Sineng Electric is the global leading supplier of a comprehensive product portfolio including PV inverters, energy storage inverters, and power quality products

By establishing four R&D centers and leveraging top-notch resources, Sineng's unwavering commitment to technological innovation has enabled more people to access cost-effective, reliable, and sustainable energy. Known for the engineering excellence, rigorous testing standards, and consistent quality, Sineng ranks among the top four in global PV inverter market share and is recognized as a BloombergNEF Tier 1 PV inverter manufacturer

Revolutionary Breakthrough! LEAPTING Automatic Navigation PV Module Mounting Robot Accelerates Efficient Progress of Australian Photovoltaic Project

In February, while China in the Northern Hemisphere was still experiencing harsh winter conditions, Australia in the Southern Hemisphere was basking in scorching heat At a photovoltaic power plant characterized by intense heat waves and dusty conditions, a 4 5meter-long, 2 8-meter-wide, and 2 5-meter-high LEAPTING Automatic Navigation PV Module Mounting Robot was navigating through the photovoltaic power plant with remarkable efficiency Leveraging its advanced photovoltaic module installation capabilities, it significantly accelerated construction progress despite ground temperatures exceeding 30 degrees Celsius The project manager of the Australian photovoltaic site praised this "new colleague," noting: "Since this 'hardworking worker' joined this project, the efficiency of photovoltaic module installation has markedly improved, visibly shortening the overall project timeline It is truly impressive and highly effective "

Since its arrival at the Australian project site in early February, the LEAPTING Automatic Navigation PV Module Mounting Robot has undergone rigorous debugging by the company's professional team Now officially operational, the robot has not only enhanced the efficiency of module installation but also consistently expedited project progress. As one of the pioneering teams in China to develop and produce Automatic Navigation PV Module Mounting Robots, LEAPTING's successful deployment in Australia signifies a new era of intelligent exploration and application in the photovoltaic energy sector

With the continuous maturation and expanding application of artificial intelligence technology, LEAPTING remains committed to leveraging intelligent means to empower the manufacturing industry and achieve breakthroughs in intelligent manufacturing this mission is reflected in the company name "LEAPTING." Since its inception, LEAPTING has specialized in developing intelligent robots for the photovoltaic energy sector, providing efficient, stable, and safe solutions for industry

For more information: https://youtu.be/EL1VU2KPPRg

LEAPTING's core product, the Automatic Navigation PV Module Mounting Robot, is designed to significantly enhance the efficiency of photovoltaic module installation, reduce labor intensity, and mitigate construction safety risks Equipped with multi-directional sensors and posture recognition technology, this robot features a high-passability chassis that enables it to operate in various complex outdoor terrains. It represents China's first photovoltaic module installation robot capable of autonomously adapting to challenging work environments The robot's core technologies include a high-precision intelligent perception system and powerful visual large model algorithms, integrated with a 3D vision system supported by multi-modal sensors. This setup allows for real-time perception of the power station infrastructure environment, automatic identification of photovoltaic module placement and rotation angles, and precise alignment with support inclinations, ensuring accurate control throughout the process Compared to traditional manual installation methods, within an 8-hour workday, a single worker can install approximately 90-120 modules daily With the use of the robot, installation efficiency increases by 3-5 times, thereby significantly reducing the overall project duration

Against the backdrop of increasingly urgent global carbon neutrality goals, the scale of clean energy projects like photovoltaics is expanding at an unprecedented rate, with application scenarios becoming increasingly diverse and complex With photovoltaic modules entering the 700W+ era, their size and weight have increased, placing higher demands on installation methods Although the concept of "robotic replacement of manual installation" is still in the exploratory and refinement stage, LEAPTING firmly believes that through continuous technological innovation, the Automatic Navigation PV Module Mounting Robot will play a crucial role in the intelligent and automated development of the photovoltaic energy field In its capacity as a "robotic colleague," it will contribute wisdom and strength to the advancement of global clean energy

About LEAPTING

Huzhou LEAPTING Technology Co., Ltd. specializes in the development and provision of intelligent robots for photovoltaic energy applications As a leading manufacturer of intelligent robots for photovoltaic power plants, we integrate R&D, design, manufacturing, and comprehensive service delivery to provide cutting-edge solutions The company's product line includes a comprehensive range of intelligent robots for photovoltaic power plants, covering module mounting, power plant inspection, module cleaning and other applications Each product integrates advanced technologies such as automatic driving and digital twin, and is supported by a big data cloud platform and IoT system. We deliver highperformance, high-quality and cost-effective customized robot solutions for photovoltaic power plants.

Sunora Solar Launches Inverters for Domestic & International Market

In today’s world, energy consumption is on the rise, and with it comes the need for efficient, sustainable, and reliable power solutions One such solution that has been making a significant impact in the renewable energy sector is inverters.

With the government’s support through schemes like PM Surya Ghar and PM Kusam for make in India products, domestic made solutions for solar power, i e Modules and Inverter are encouraged through subsidies and in turn gives manufacturer an extra boost to give quality products with a warranty range of 25 years to 30 years

With the growing demand for renewable energy solutions, Sunora has launched Inverters which are efficient, durable, and cost-effective products. Whether you are looking to power a small residential home or a large commercial setup, Sunora provides versatile inverter solutions tailored to meet varying power requirements Beside a one stop solution for both Panels and inverters, our customer gets an advantage of

MARKET STATISTICS

Solar Installations by State

TOTAL SOLAR PV INSTALLATIONS AS OF MARCH, 2025 (MW)

SOURCE:MNRE

In the pie chart, Renewable capacity additions continue to increase at a rapid pace in India, accounting for approximately 36 3% of total India’s power capacity at the end of March 2025 India’s total installed power capacity stood at over 475 GW at the end of March 2025 from all the sources, with renewables accounting for 172 36 GW making up 36 3%, compared to cumulative renewable energy installations of 143 644 GW at the end of March 2024, which represented a growth of around 20% year-overyear Solar power accounted for approximately 105 646 GW of installations, which represents 22 2% of the total installed power capacity Among the renewable, Wind and Solar constitute over 90% of the total renewable (excluding large hydro), Wind Power installed capacity at the end of March 2025 was over 50 GW, which represents 10 5% of the total power capacity installed

SOLARQUARTERRESEARCH

INDIA POWER MIX

India achieved a remarkable milestone by installing an unprecedented 28,723 67 MW of Solar PV capacity in the financial year 2024-25 By the end of March 2025, the country's total Solar PV installations surpassed 105 6 GW During this period, rooftop Solar PV installations reached approximately 17 02 GW Rajasthan led the way, with 28,286 47 MW installed, accounting for 26 77% of the nation’s total Solar PV capacity The county also added around 7.778 GW in the first quarter of the calendar year 2025. Rajasthan, Gujarat, Maharashtra, Tamil Nadu, and Karnataka together contributed over 73 17% of the total installed Solar PV capacities across the country While Rajasthan and Gujarat maintained their leading positions, Gujarat step up two spot, pushing Tamil Nadu and Karnataka down to fourth and fifth place compared to installed solar PV capacity by March 2024 The overall Solar PV installations saw a growth of over 29% compared to the 81 81 GW recorded by the end of March 2024

SOURCE:CEAMARCH2025,SOLARQUARTERRESEARCH

Monthly RE Generaton in India

Total renewable energy generations in February 2025 reached 20,193 67 million units, there is an increase of RE generations by around 12 2% year-over-year from February 2024, where the RE generations were 17,998 63 million units Solar Power generation has also increased by around 23 92% year-over-year from February 2024 (10,421 22 million units) to February 2025 (12,913 58 million units), Wind Power generation has declined by almost 6 42% in the same period and reached 4,592 48 million units in February 2025

Rajasthan

Madhya Pradesh Tamil Nadu Gujarat Telangana Andhra Pradesh Uttar Pradesh Haryana

Karnataka

Maharashtra

MARKET STATISTICS

Solar Vs Wind Generation In India In 2024-25

SOURCE:CEA

Monthly Purchase of Solar/Wind Power in 2023-2024

SOLARQUARTERRESEARCH

SOURCE:SECI

In 2023, Solar Energy Corporation of India (SECI) disbursed a total of ₹126 44 billion ( $1 525 billion) for the purchase of solar and wind power, with the highest payment made in October However, payments saw fluctuations throughout the year, with a noticeable decline following October 2023, continuing until February 2024. This payment pattern reflects the challenges faced by SECI in managing cash flows and settling dues with solar and wind developers, especially after periods of high disbursement A clear trend emerges in 2023, with payments being relatively higher in the first half of the financial year, followed by a drop in the latter half For 2024, SECI has already disbursed ₹19 24 billion in the first two months, indicating a continuation of this inconsistent payment trend The payment cycle fluctuations suggest the need for better financial planning and resolution of pending payments to ensure smoother operations for renewable energy developers.

MARKET STATISTICS

Electricity Market

SOURCE:IEX

In March 2025, the Indian Energy Exchange (IEX) reached a total volume of 11,215 million units (MU), a 14 61% year-over-year increase According to government data published in March 2025, Indian Energy Exchange (IEX) achieved a record electricity trade volume of 121 BUs in FY’25, marking a 19% YoY growth REC trading also hit an all-time high at 178 lakh, a 136% rise YoY India’s power demand rose by 4 4%, prompting proactive government measures such as increased coal-based generation, sale of surplus power, and better gas plant utilization Sell liquidity in the DayAhead Market (DAM) rose 36%, keeping the average market clearing price at ₹4 47/unit, down 15% from FY’24 In Q4FY’25, IEX recorded 31,747 MU traded volume and 68 lakh RECs, up 18% and 108% YoY, respectively March 2025 saw 11,215 MU traded (up 29%) and 13 lakh RECs traded (up 18%) Peak demand on March 11 hit 235 GW, with market prices stable due to robust supply

Lowest Solar Tariff (₹/kWh), 2024 - 2025

The introduction of ALMM List-I for Solar PV modules and the upcoming ALMM List-II for PV cells (effective June 2026) has added compliance hurdles for developers participating in Indian solar auctions, resulting in tariff volatility These challenges are compounded by global supply chain disruptions due to geopolitical tensions, including the Russia-Ukraine conflict and volatile currency exchange rates

While the Indian government has offered some relief by extending commissioning deadlines, cost pressures persist The recent imposition of antidumping duties on solar PV glass imports from China and Vietnam has driven up input costs, prompting domestic manufacturers to raise prices, increasing financial strain on project developers.

Additionally, the recent tariff hike by the U.S. on Chinese solar imports has impacted global module pricing, indirectly affecting Indian project economics due to tighter module supply and higher procurement costs In 2024, solar tariffs in India have fluctuated, influenced by rising module prices, installation costs, project size, and grid access constraints

lowestTariff(INR/Kwh)

MARKET RESEARCH

India’s 100 GW Solar Milestone: Accelerating the Shift to Solar + Storage for a Reliable, Resilient Grid

India has made remarkable progress in its renewable energy journey by surpassing 102 GW of installed solar photovoltaic (PV) capacity in February 2025. This milestone highlights the country’s commitment to clean energy and its ambition to achieve 500 GW of non-fossil fuel capacity by 2030 Solar power now accounts for 21 8% of India’s total installed power capacity and contributes 61 16% of the total renewable energy capacity (excluding large hydro) The rapid growth of solar installations has played a crucial role in reducing dependence on fossil fuels and lowering carbon emissions

As the share of solar energy continues to grow, challenges related to grid reliability and stability must be addressed Solar power generation is intermittent, as it depends on sunlight, which varies throughout the day and across seasons To ensure a reliable power supply, integrating energy storage systems, particularly battery energy storage, is essential. Solar-plus-storage solutions enable excess solar energy generated during the day to be stored and used when demand is high or solar generation is low This approach improves grid stability and ensures a consistent power supply even during peak demand hours

The government has introduced policies to support the integration of energy storage with solar power The recent mandate requiring new solar projects to include a minimum of two hours of energy storage is a step toward making renewable energy more dispatchable Additionally, the introduction of Firm and Dispatchable Renewable

Energy (FDRE) and Round-the-Clock (RTC) tenders has encouraged the adoption of battery storage, ensuring a stable power supply. The Viability Gap Funding (VGF) scheme also provides financial assistance to storage projects, making them more economically viable

India has been focusing on expanding its battery storage infrastructure to complement its growing solar capacity. In 2023, the government approved a production-linked incentive (PLI) scheme of ₹18,100 crore for advanced chemistry cell (ACC) battery storage, promoting domestic manufacturing. Several large-scale battery storage projects have also been announced The first major grid-scale battery storage project of 1,000 MWh is under development, with more projects expected in the coming years These initiatives aim to strengthen the country’s energy security and reduce reliance on imported batteries.

Solar-plus-storage solutions are not only beneficial for large-scale grid applications but also for decentralized energy systems Rural and remote areas that lack stable grid connections can benefit from solar-powered microgrids with battery storage. This ensures a reliable electricity supply for households, businesses, and essential services Programs like PM-KUSUM, which promotes solar-powered irrigation pumps, and the PM Surya Ghar Muft Bijli Yojana, which aims to install rooftop solar on one crore homes, can further leverage storage to enhance energy access.

Investment in energy storage is growing, with private players entering the sector Companies like Tata Power, Adani Green Energy, and Reliance New Energy are investing in storage technologies to support solar deployment. The global energy storage market is projected to grow significantly, and India is positioning itself as a key player in this space

As India moves forward with its renewable energy goals, integrating storage with solar power will be crucial for building a resilient and reliable grid. Strengthening policy support, encouraging investments, and advancing storage technologies will accelerate the transition toward a sustainable energy future By leveraging solar-plus-storage solutions, India can maximize the benefits of its 100 GW solar milestone and pave the way for a cleaner and more secure energy system.

SOLARQUARTER

STATE LEADERSHIPAWARDS

TELANGANA 2025

Navigating Excellence, Defining Leadership

Leadership Guides Telangana Towards A Brighter Tomorrow By Honoring Visionary Leaders, We Celebrate The Progress Of Our Great State

Sungrow India Pvt. Ltd.

10-Year Milestone of Inverter Excellence in India Award

State Market Leader AwardInverter

Sineng Electric Co. Ltd.

State Market Leader Award (In DCR) - Modules

Adani Solar

State Market Leader AwardMounting Structures

State Technology Leadership Award - Solar Monitoring and Analytics

TrackSo

State Technology Leadership Award - Modules

Novasys Greenergy Pvt. Ltd.

Smart Technology Innovation of the Year - Inverter

Sungrow India Pvt Ltd

Purshotam Profiles Private Limited

State Market Leader AwardModules

Saatvik Green Energy Private Limited

Atmanirbhar India State Business Leader - Inverter

Feston S.E.V. Private Limited

State Technology Leadership Award - Inverter

Solaire - A Lagnuvo Initiative

Smart Technology Innovation of the Year - Solar Panels

Icon Solar-En Power Technologies Pvt Ltd

Company of the Year: Solar Lighting Solutions

Starka Innovative Systems Pvt Ltd

Emerging Distributor of the Year

Bhasu Energy Systems LLP

Best Ground Mount Project of the Year

SWELECT Energy Systems Limited

Solar EPC Company Of The Year - Industrial

Green Secure Energy Pvt Ltd

Solar EPC Company Of The Year - Residential

Freyr Energy Services. Pvt. Lt

Solar System Integrator Of The Year - Industrial

Indo Green Solar Pvt. Ltd.

Solar System Integrator Of The Year - Commercial

Natural Energies

Best Engineering Team of The Year

Sunworks Energy Private Limited

Leader of the Year: Excellenc in Solar Channel Sales

RAJAN MUNJAL

Leader - Channel Sales

Sungrow India Pvt Ltd

Sales Leader of the Year of Business Development ON S E V PRIVATE LIMITED

KI L. BHAVSAR

Emerging Leader of the Year

BHANU PRAKASH

CHAMAKUR

Head - Asset Management and O&M, Vibrant Energy Holding India Pvt Ltd

Solar Acumen of the Year

VENKATA SUBBA RAO

PASUPULETI

Director

Abhi Electrical Consultants

Young Achiever in Solar Energy

BABU CHIRANJEEVI JAGARLA

Relationship Manager Vashi Integrated solutions Ltd

eader of the Year

USH BABU PASUPULETI

MD & CEO

Axiso Green Energies Private Limited

Entrepreneur of the Year

SAKHAMURI SATISH BABU

Managing Director Jayram Industries India Private Limited

Visionary of the Year

R. CHELLAPPAN

Managing Director

SWELECT Energy Systems Ltd

The “Sustainability Leadership Awards 2025” celebrates outstanding achievements in sustainability, honoring organizations and individuals who lead the way toward a greener, more sustainable future. This prestigious event recognizes innovators and trailblazers who are addressing pressing environmental challenges, reducing carbon footprints, and championing sustainable practices. Join us as we spotlight transformative solutions and acknowledge those setting new standards for environmental responsibility and impact."

Company of the Year: Green Manufacturing (GHG Emissions Reduction)

Mars International India Pvt Ltd

Company of the Year: Innovative RE InitiativeModules

Gautam Solar

Company of the Year: Innovative RE Initiative - EPC

Jayram Industries India Pvt Ltd

Company of the Year: Sustainable Technology Integration - Monitoring Solutions

SuryaLogix Private Limited

Company of the Year: Sustainable Technology Integration - Renewable Energy & Process Innovation

Mars International India Pvt Ltd

Company of the Year: Excellence in Corporate RE Adoption (Sustainable Manufacturing Practices)

ECE (INDIA) Energies Pvt Ltd

Company of the Year: Excellence in Corporate RE Adoption (Industrial)

Patil Group

Project of the Year: Renewable Energy (Industrial Solar Integration)

SUNBEST SOLAR

Project of the Year: Carbon Reduction

Piramal Pharma Limited

Sustainability Team of the Year: Consumer Satisfaction Excellence - Channel Sales

ECE India Energies Pvt Ltd

Sustainability Leader of the Year: Green Manufacturing Excellence

GM - Marketing Icon Solar-En Power Technologies Pvt Ltd RAJAT SHRIVASTAVA

Sustainability Leader of the Year: Consumer Satisfaction Excellence

Director Sunworks Energy Private Limited RAJYALAKSHMI KOLA

Powering Progress, Leading with Light

Solar Leaders Are Shaping India’s Clean Energy Future By Honoring These Visionaries, We Celebrate Sustainable Growth And a Brighter, Greener Nation

Company of the Year: Inverter Manufacturing

Feston S.E.V. Private Limited

Company of the Year: Smart Energy Innovation (Modules)

Novasys Greenergy Pvt. Ltd.

Company of the Year: Smart Energy Innovation (Inverter)

Sineng Electric Co., Ltd.

Company of the Year (EPC): Solar Energy Solutions Provider - Diamond

Sunworks Energy Private Limited

Company of the Year (Distributor): Solar Energy Solutions Provider

J.S. Solartech India Pvt. Ltd.

Company of the Year: Energy Efficiency & Sustainable Manufacturing

Jupiter International Limited

Company of the Year: Solar Module ManufacturingPlatinum

Company of the Year: Data Analytics & Energy Intelligence

Adani Solar

Company of the Year: Solar Module ManufacturingDiamond

Saatvik Green Energy Private Limited

Company of the Year (Inverter): Grid-Connected Solar Solutions

Solaire - A Lagnuvo Initiative

Company of the Year (EPC): Solar Energy Solutions Provider - Platinum

Vibgyor Energy

iPLON India Pvt. Ltd.

Advanced SCADA & Remote Monitoring Excellence

Mahindra teqo Private Limited

Module Technology Excellence

Gautam Solar Private Limited

Solar Technology Innovation of the Year

SuryaLogix Private Limited

RAND MASTERS

Excellence in Design & Engineering Leadership

SANDEEP CHILLAKURI

Co-Founder and Director

Sunworks Energy Private Limited

Excellence in Business Management Leadership

ASHUTOSH BHARDWAJ

Business Development Manager

Solaire - A Lagnuvo Initiative

Visionary Leader in Solar Inverter Technology

SAMPATH KUMAR

Chief Executive Officer

Feston S E V Private Limited

CEO of the Year

VIRAJ GADHOKE

CEO & Managing Director Vibgyor Energy

Team of The Year: Design & Engineering

Sunworks Energy Private Limited

INDIA