Axis Energy’s Odisha plans: Hyderabad-based Axis Energy Ventures India Pvt. Ltd., part of Axis Energy Group, has proposed investing INR 317.5 billion to develop 5 GW of renewable energy capacity in Odisha. The investment will entail the development of wind, solar, agrivoltaics, hybrid, and battery energy storage systems (BESS) facilities. Axis expects this investment to create over 5,500 jobs. Earlier, Axis Energy Group and Brookfield-backed Evren unveiled plans for 9 GW solar and wind energy assets in Andhra Pradesh (see Brookfield-Promoted Evren Targets 9 GW RE In Indian State).
Debt financing for Juniper: Indian independent renewable energy power producer Juniper Green Energy has raised INR 20.39 billion in debt financing from a consortium of leading domestic and global financial institutions. The list includes NaBFID, HSBC, DBS Bank India, Barclays Bank, and Aseem Infrastructure Finance. The company stated that this financing provides financial flexibility to expand its capacity.
Additionally, Juniper exited 2025 with the commissioning of 60 MWh out of its 100 MWh BESS in Bikaner, Rajasthan, calling it the country’s 1st merchant BESS project. It is executing the project through its subsidiary Juniper Green Cosmic Private Limited. The remaining 40 MWh will be commissioned shortly. Juniper has also installed 400 MWh BESS at Fatehgarh, also in Rajasthan, to be commissioned by Q1 2026.
1.4 GW DC project online: Tata Power Renewable Energy Limited (TPREL) has commissioned its largest solar project to date with 1.4 GW DC/1 GW AC installed capacity. A DCR-compliant solar power project, this facility covering Bandarwala and Karnisar Bhatiyan sites in Rajasthan’s Bikaner uses 2.4 million modules produced at Tata Power’s TP Solar Limited factory in Tirunelveli. It completed the project for SJVN Limited, which has allocated 500 MW of the capacity to Rajasthan Urja Vikas and IT Services Limited (RUVITL), 300 MW to Jammu & Kashmir Power Limited (JKPL), and 200 MW to Uttarakhand Power Corporation Limited (UPCL) for supply to the states of Rajasthan, Jammu & Kashmir, and Uttarakhand.
TP Solar’s production improves: TP Solar Limited, a subsidiary of TPREL, manufactured 2.8 GW of DCR solar cells and 2.9 GW of solar modules during April 2025 to December 2025. Out of the 2.9 GW total, 2.4 GW were DCR modules, while the remaining 500 MW were Approved List of Models and Manufacturers (ALMM) listed modules. This includes 940 MW cells produced in Q3 FY26, compared to 196 MW the company produced in the corresponding period last year, while module production improved from 927 MW to 990 MW.
Solar energy JV: Danish institutional fund manager A.P. Moller Capital, through A.P. Moller Capital—Emerging Markets Infrastructure Fund II, has announced a joint venture (JV) with Rays Power Infra Limited, a solar EPC. The JV will develop large-scale renewable energy projects across India. Initial projects currently under development have a combined capacity of around 900 MW. This is A.P. Moller Capital Funds’ maiden investment in India. The transaction is expected to close in H1 2026.
3 GW orders for LEAPTING: Chinese robotic solar cleaning solutions provider Huzhou LEAPTING Technology has announced contracts for 3 GW capacity in India with various companies. It will supply G1 Automatic Solar Module Cleaning Robots to ReNew Power for a 609 MW DC/435 MW AC project in Andhra Pradesh’s Anantapur, and for a 420 MW DC/300 MW AC solar facility in Rajasthan’s Bhadla. Adani Solar has placed an order for its G1 robots for its 2 GW solar PV project. LEAPTING says it has already deployed its cleaning robot solutions for Adani in 7 GW of PV projects. In June 2025, LEAPTING and ReNew announced a collaboration to explore local manufacturing of solar panel cleaning robots in India (see India Solar PV News Snippets).
300 MW changes hands: Sembcorp Industries of Singapore has announced the acquisition of ReNew Sun Bright Private Limited from ReNew Private Limited. ReNew Sun Bright owns and operates a 300 MW solar project in Rajasthan’s Fatehgarh. Sembcorp completed the acquisition through its wholly-owned subsidiary Sembcorp Green Infra Private Limited. It expands the company’s India renewable energy portfolio to over 7.6 GW, comprising installed facilities and those under development.
TaiyangNews is bringing together the Indian solar PV manufacturing industry for the Solar Technology Conference India 2026 (STC.I 2026). To be held on February 5 and 6 in Aerocity, New Delhi, this 2nd edition of the TaiyangNews physical conference will also have banks, investors, and policymakers in attendance. Register for the event here.
