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India solar manufacturing and storage capacity see significant growth
India's renewable energy sector saw significant capacity growth in the first half of 2026. According to Mercom India, the country added 50.6 GW of solar module manufacturing capacity and 9.7 GW of solar cell capacity. Battery energy storage capacity also surged to 8.2 GWh, a massive increase compared to the 98.4 MWh installed during the same period in 2025. To support this, the Indian Union Cabinet approved the Green Energy Corridor Phase III (GEC III) program, designed to facilitate the evacuation of 135 GW of renewable energy and the deployment of 50 GWh of battery energy storage systems.
In the financial sector, Ahmedabad-based Vishakha Renewables, backed by the Adani Group, has filed a Draft Red Herring Prospectus with SEBI for an Initial Public Offering (IPO). The offering includes a fresh issue of ₹1,250 crore and an Offer for Sale of 1.81 crore equity shares. Unlike Borosil Renewables, which focuses primarily on solar glass, Vishakha Renewables maintains a broader manufacturing portfolio including solar glass and anodized aluminum frames.
Entities
Adani Group · Borosil Renewables · Central Electricity Authority · Mercom India · Vishakha Renewables
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Vishakha Renewables has filed a Draft Red Herring Prospectus for an IPO comprising a fresh issue of ₹1,250 crore and an Offer for Sale of 1.81 crore equity shares.
- [○ 1 SOURCE] India added 50.6 GW of solar module and 9.7 GW of solar cell manufacturing capacity in the first half of 2026. www.mercomindia.com
- [○ 1 SOURCE] India's battery energy storage capacity increased by 8.2 GWh in the first half of 2026. www.mercomindia.com
- [○ 1 SOURCE] The Green Energy Corridor Phase III program aims to evacuate up to 135 GW of renewable energy and deploy 50 GWh of battery energy storage systems. www.mercomindia.com