The widening price gap between Domestic Content Requirement (DCR)-compliant and non-DCR modules is reshaping procurement and investment decisions across India’s solar industry. Higher module prices, constrained domestic cell availability, and longer delivery timelines are increasing project costs, delaying financial closures, compressing installer margins, and slowing project execution across the residential, commercial and industrial, and utility-scale segments.

The Ministry of New and Renewable Energy (MNRE) approved the continuation of the Human Resource Development (HRD) Program in New and Renewable Energy from financial year (FY) 2027 to FY 2031, with a fresh financial outlay of ₹2 billion (~$21 million). The HRD program aims to strengthen renewable energy education and training to develop a qualified and skilled workforce.

Gujarat Urja Vikas Nigam announced the winners of the auction to set up 450 MW/900 MWh of battery energy storage systems in the state, with viability gap funding from the power system development fund (Phase-IX).

DNH and DD Power Corporation invited expressions of interest to empanel agencies to install 5,000 grid-connected rooftop solar systems in the Union Territory of Dadra and Nagar Haveli and Daman and Diu. The last day to submit the bids is August 18, 2026. Bids will be opened on the same day.

NTPC Vidyut Vyapar Nigam, a wholly owned subsidiary of NTPC, invited expressions of interest to procure 263 MW of solar power from NTPC’s operational solar projects through open access by commercial and industrial consumers, distribution companies and others. Bids must be submitted by September 1, 2026. Bids will be opened the next day.

The Godavari Marathwada Irrigation Development Corporation invited expressions of interest to develop a 170 MW AC floating solar project with a battery energy storage system in Maharashtra. The last date to submit the bids is August 21, 2026. Bids will be opened on the same day or the next working day.

Waaree Transpower, the transformer solutions subsidiary of Waaree Energies secured an order worth approximately ₹1.6 billion (~$16 million) to supply 8.3 MVA medium-voltage applications from an undisclosed global energy storage technology and solutions provider. Shipments under the order began in July 2026.

Electric mobility-as-a-service company Yulu raised $93 million in a Series C funding round led by GEF Capital Partners. The funding comprises $63 million in equity and $30 million in debt.

UltraTech Cement, an Aditya Birla Group company, will procure solar power from a 65 MW project being developed by Waaree Forever Energies’ special purpose vehicle, Solaris Horizon Energy, in Chhattisgarh.

Energy storage solutions provider Amara Raja Energy and Mobility reported revenue from operations of ₹42.15 billion (~$442.58 million) in the first quarter (Q1) of the financial year 2027, up 23.9% year-over-year (YoY) from ₹34.01 billion (~$357.12 million).

Renewable energy company ACME Solar Holdings completed the refinancing of ₹21.47 billion (~$225.01 million) of debt by redeeming existing non-convertible debentures issued by 12 operational SPVs with a cumulative solar capacity of 450 MW.

U.S.-based Octillion Power Systems, a supplier of battery systems for electric vehicles, opened its third manufacturing facility in India in Halol, Gujarat, adding more than 3 GWh of annual battery production capacity. The facility spans more than 13,000 square meters and can produce more than 48,000 battery systems annually at full capacity.

Hydrogen fuel cell solutions provider Plug Power reported revenue of $178.3 million in Q2 2026, an uptick of 2.5% YoY from $173.97 million. It beat analysts’ expectations of $168.76 million by 5.6%.