10 GW Agrivoltaic Capacity Proposed in PM-KUSUM 2.0
India plans to introduce a dedicated 10 GW component under the upcoming Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme 2.0 to promote the co-location of solar panels with crops. It aims to create a new model for decentralized renewable energy generation in India, announced the Ministry of New and Renewable Energy (MNRE). It will enable farmers to generate electricity while continuing agricultural production on the same land. The Union Minister of New and Renewable Energy (MNRE) Pralhad Joshi said the country’s agrivoltaic potential is estimated at 3,000 GW to nearly 14,000 GW, which can significantly enhance farmers’ earnings. The move is part of efforts to expand decentralized renewable energy in rural areas and support India’s target of 500 GW of non-fossil fuel capacity by 2030.
India introduced the PM-KUSUM scheme in 2019 to encourage the use of solar PV technology in agricultural activities. Divided into 3 components (including 10 GW decentralized ground-mounted or stilt-mounted grid-connected solar or other renewable energy capacity), it targets 34.8 GW of solar PV capacity by March 31, 2026, as per the scheme’s latest revision.
ReNew Raises $95 Million with Stake Sale
ReNew Energy Global Plc has raised $95 million in equity investment, led by LeapFrog Investments, which has directly committed $50 million. The remaining investment comes from the Emerging Market Climate Action Fund (EMCAF) and Carlyle AlpInvest. After the closing of the investment, the consortium will acquire approximately 11.3% stake in ReNew Green Energy Solutions Private Limited, the commercial and industrial (C&I) platform of ReNew Energy. The subsidiary’s current committed capacity across multiple states stands at 2.5 GW, of which 2 GW is already online. Within this portfolio, it has 1.3 GW with long-term agreements with global technology giants, including Meta, Amazon, and Google. “This partnership helps us scale solutions that reduce emissions, strengthen energy security, and support India’s industrial growth in a way that is both sustainable and inclusive,” said ReNew Chairman & CEO Sumant Sinha. On a gross basis, ReNew Energy had a clean energy portfolio of around 19.2 GW, including 1.5 GW of battery energy storage systems (BESS) as of February 12, 2026 (see ReNew Energy Improves Q3 FY26 Revenue; Narrows Net Loss).
Sunsure Energy Raises ₹606 Crore for Solar Expansion
Indian independent power producer (IPP) Sunsure Energy has secured ₹606.22 crore in debt financing from Aseem Infrastructure Finance and RBL Bank. Of the total funding, INR 461.76 crore from Aseem Infrastructure will be used to develop solar projects in Maharashtra and Uttar Pradesh. The remaining INR 144.46 crore in refinancing from RBL Bank will support Sunsure’s solar project in Augasi in Uttar Pradesh. Altogether, the financing will support more than 242 GW of solar capacity, catering to C&I consumers under long-term power purchase agreements (PPAs). Upon completion, these will generate approximately 300 million units annually, stated company management.
NISE Pilots Solar Boat for Fishing
The National Institute of Solar Energy (NISE) is conducting a study on the feasibility of using solar power in boats, including those used for fishing. The institute has partnered with the Centre for Sustainable Energy and Environment (CSEE) to implement a pilot project and conduct trial runs, informed Union Minister of State for MNRE, Shripad Yesso Naik. As part of the initiative, a pilot solar boat for fishermen has been developed. Key components such as PV modules, batteries, charge controllers, and motors have been procured and tested at NISE, while the fiber boat was fabricated at Uppada Harbour. System integration, field trials, and performance validation are currently underway.
Tata Power, Tata Capital Unveil Pay-as-you-Save Solar Plan
Tata Power Renewable Energy Limited (TPREL) has partnered with Tata Capital to launch the SunSmart Flexi EMI scheme aimed at C&I customers adopting solar energy solutions. The financing model follows a ‘pay-as-you-save’ approach. Under this, businesses will be able to install rooftop solar systems with flexible EMI repayments or lease rentals that align with the savings generated from solar power. TPREL says this scheme will lower the upfront investment barrier and help enterprises transition to clean energy while managing cash flows more effectively. The companies said the scheme is designed to support wider solar adoption among industries across automobile, textile, IT, steel, HVAC, cold storage, FMCG, and quick commerce, among others.
800 MW Solar PV Module Factory in Haryana
Solar and e-mobility solutions provider Eastman Auto & Power Limited recently commissioned an 800 MW solar PV module manufacturing facility in Sonipat, Haryana. The factory produces solar modules that comply with the government’s domestic content requirement (DCR) norms and MNRE standards. With this fab online, Eastman says its portfolio comprises solar modules, grid-tie, off-grid, and hybrid inverters and advanced energy storage batteries. Eastman Managing Director Shekhar Singal said, “Our focus is on building a strong domestic solar manufacturing ecosystem under the Make in India vision while driving adoption of integrated ‘Solar with Storage’ solutions that deliver reliability and energy independence.”
Waaree Energies Disputes Arbitration Claim by Enel
Enel Green Power Development has filed a request for arbitration against Waaree Energies Limited (WEL) regarding the sale of Enel Green Power India Private Limited (EGP India). Enel filed the arbitration request with the International Court of Arbitration of the International Chamber of Commerce (ICC). Enel alleges WEL breached the sale and purchase agreement signed on January 10, 2025, and is seeking claims for damages and loss of profits. WEL says it disputes the allegations and intends to contest the claims. In January 2025, WEL acquired EGP India for INR 7.92 billion under a share purchase agreement (see Italy’s Enel Green Power Sells India RE Portfolio To Waaree Energies).