Global solar corporate funding rose 45% year-over-year (YoY) to $25.1 billion in the first nine months of 2026, up from $17.3 billion in the same period in 2025, according to Mercom Capital Group’s latest Solar Funding and M&A Report.

China’s proposed curbs on solar technology exports have once again exposed the vulnerabilities in India’s plans to ramp up domestic solar manufacturing. China’s proposal covers 12 solar manufacturing technologies, including those used in polysilicon, silicon wafer, and solar cell production.

The Ministry of New and Renewable Energy added 2.13 GW of solar cell manufacturing capacity to the Approved List of Models and Manufacturers (ALMM) List-II, increasing the total listed capacity to 46.99 GW from 44.86 GW.

The Bihar Electricity Regulatory Commission adopted a tariff of ₹3.46 (~$0.0366)/kWh for procuring power from a 10 MW grid-connected canal bank solar project in Bihar. The Commission also approved the 25-year draft power purchase agreement signed by the Bihar State Power Generation Company with the developer.

Hyderabad-based energy storage solutions company TREX Energy commissioned a lithium battery manufacturing facility at E-City in Hyderabad, Telangana. The commissioned facility features an automated module assembly line with a production rate of 12 parts per minute.

Haryana-based solar module manufacturer Saatvik Green Energy reported a revenue from operations of ₹9.03 billion (~$93.8 million) in the second quarter (Q2) of the financial year 2027, up 17.5% YoY from ₹7.68 billion (~$79.8 million).

U.S.-based solar tracker company ARRAY Technologies posted revenue of $330.21 million in the Q3 of 2026, down 16.1% YoY from $393.49 million. It exceeded analysts’ expectations by $33.31 million.

Shoals Technologies Group, a manufacturer of electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems, reported revenue of $195.3 million in Q3 2026, up 43.8% YoY from $135.8 million. The revenue increase, which exceeded analysts’ estimates by $33.31 million, was driven by strong demand, market share gains, and a higher project volume.