India may need over ₹4 lakh crore investment in energy storage by FY32: Report
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To build a major source of energy storage to back its renewables India will need over ₹4 lakh crore of storage-related investment estimated to be needed by FY32, according to CareEdge Ratings, reported ET.
The report said India's power sector is moving from a challenge of adding generation capacity to a new challenge of integrating increasing renewable capacity into the electricity system
While non-fossil sources account for around 50 per cent of India's installed power generation capacity, they contribute around 29 per cent of actual electricity generation.
This gap makes energy storage, transmission infrastructure and flexible generation increasingly important as the share of renewable power rises.
The report highlighted that India's energy storage requirement is expected to reach around 411 GWh by FY32, compared with operational storage capacity of around 54 GWh as of June 2026.
India added 50.6 GW of solar module and 9.7 GW of cell manufacturing capacity in 1H 2026, says Mercom
India fadded 50.6 GW of solar module and 9.7 GW of cell manufacturing capacity in the first half (1H) of 2026, taking its cumulative solar module manufacturing capacity to 261.7 GW and cell manufacturing capacity to 36.6 GW as of June 2026, PV Magazine reported citing Mercom India’s report, State of Solar PV Manufacturing in India 1H 2026.
As of the report’s release, cumulative module capacity under the Approved List of Models and Manufacturers (ALMM) List-I stood at 225.5 GW, against nearly 35.5 GW of cumulative cell capacity under ALMM List-II.
“Domestic cell shortages have become the biggest near-term challenge for India’s solar market. Module capacity has expanded rapidly, but cell supply has not kept pace, tightening availability and pushing up prices for compliant modules and sharply slowing project activity. Many module manufacturers are struggling to maintain production because of limited domestic cell availability,” said Raj Prabhu, CEO at Mercom Capital Group.
Prabhu said that the installed cell capacity overstates actual availability, as new lines take months to reach stable commercial production. ALMM List-II has intensified the pressure by increasing dependence on domestic cell supply before enough capacity was commercially available.
In 1H 2026, India’s imports of solar cells and modules increased 18% compared to 1H 2025. Cells accounted for 81% of total imports, while modules accounted for 19%.
The US remained India’s largest solar export destination in 1H 2026, accounting for 92% of total exports.
Vikram Solar secures 400 MW module supply order for agricultural solar projects in Maharashtra
Vikram Solar said it won a 400 MW module supply order from an EPC player for decentralised solar projects being developed across multiple locations in Maharashtra, reported PV Magazine.
The company is required to supply its high-efficiency n-type TOPCon G12R modules, featuring glass-to-glass, bifacial technology and half-cut cells, with a power output of 620 Wp. Supplies are scheduled to commence in October 2026, the article said.
The report noted that India’s agricultural-feeder solarisation segment is expanding with deployment of solar power, decentralised renewable energy projects are emerging as an important component of the country’s clean energy transition, enabling power generation closer to consumption centres and supporting greater grid resilience. Agricultural feeder solarisation, in particular, is expected to play a critical role in improving energy access for farmers while contributing to India’s broader renewable energy and energy-security objectives, the article said.
The outlet concluded that schemes like MSKVY 2.0 represent an important evolution in India’s clean energy journey, bringing the benefits of solar power closer to farmers and agricultural communities.
China's first 18-MW offshore wind power project begins operation
China's first large-scale 18-megawatt offshore wind power project reached full-capacity operation, a milestone expected to accelerate the development of larger-capacity and more cost-effective offshore wind energy, reported CGTN.
The 2-million-kilowatt Yangjiang Fanshi offshore wind farm in south China's Guangdong Province, developed by China General Nuclear Power Corporation (CGN), consists of two sub-projects each with a capacity of 1 million kilowatts. It features 33 ultra-large 18-megawatt offshore turbines, currently the largest single-unit capacity model deployed in batches in China, the outlet explains.
Each turbine has a rotor diameter of 292 meters and a swept area of about 66,000 square meters, equivalent to the size of nine standard football fields. Large-scale deployment of these turbines effectively reduces the number of turbine positions, cutting costs for submarine cable laying, offshore foundation construction and sea area occupation, the article continues.
"The Fanshi project has 131 offshore wind turbines installed, capable of delivering about 6.6 billion kilowatt-hours of clean energy annually on average, with a single unit generating up to 56 million kilowatt-hours per year," said Chen Youdeng, project manager of CGN's Yangjiang offshore wind power project.
"At full load, one rotation of the rotor can generate 43 kilowatt-hours of electricity, enough to meet the daily power needs of an ordinary household for nine consecutive days," Chen told CGTN.
Spain, Portugal and Luxembourg push for 2040 EU renewable energy target
Spain, Portugal, and Luxembourg want the European Union to set a 2040 target to expand renewable energy, reported Reuters adding that it has triggered a clash with other EU countries who want the goal to include nuclear power.
The European Commission is preparing a raft of new EU energy policies to steer the bloc's energy strategy after 2030. The EU has a target to increase the share of renewable sources in its overall energy consumption by 2030 to 42.5%, but currently no 2040 goal.
"Investors need to have clear signals," Spanish Energy Minister Sara Aagesen told reporters on Tuesday about why Spain wants a renewables goal.
The three countries said in the letter to EU Energy Commissioner Dan Jorgensen: "Renewables are proven and competitive solutions that can be deployed in the EU at scale and on time."
Pointing to the impact of the war with Iran, it said: "A high reliance on fossil fuels puts our economies and citizens in a vulnerable position. Because of geopolitical uncertainties, and as shown by the consequences of the blockage of the Strait of Hormuz, we need to act fast to cut dependencies."
However, other EU governments like France and Sweden use nuclear power as "clean energy" source and reduce reliance on fossil fuel imports.
"We definitely have to see nuclear as part of the solution," Finland's Climate Minister Sari Multala told reporters on Tuesday, at a meeting of EU energy ministers.