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New Energy Banking Rules May Hit Maharashtra’s Solar Open Access Project Economics

Maharashtra’s revised Multi-Year Tariff (MYT) order has reset the rules for commercial and industrial (C&I) solar in the Maharashtra State Electricity Distribution Company (MSEDCL) territory. With banking restricted to the sam...

May 27, 2026

C&I

India’s Solar Growth Shifts Focus to Storage, Land Readiness, and Grid Connectivity

India’s solar market is gradually transitioning from a phase primarily driven by capacity additions to one increasingly centered on execution readiness and system integration. Demand continues to rise across rooftop, commercial an...

May 27, 2026

Markets & Policy

MNRE Proposes Relief Package for 45 GW of Renewable Projects Awaiting PPAs

The Ministry of New and Renewable Energy (MNRE) has prepared a draft one-time relief package for renewable energy projects that have received Letters of Award (LOAs) but have yet to sign power purchase agreements (PPAs). The packa...

May 26, 2026

Markets & Policy

ALMM June 1 Mandate for Solar Cells Stays, MNRE Rules Out Blanket Extension

The Ministry of New and Renewable Energy (MNRE) has declared that there will be no blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline beyond June 1, 2026. All net-metering and open-access re...

May 25, 2026

Latest News

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Haryana Agriculture Marketing Board Tenders 1.73 MW Rooftop Solar Systems

The Haryana State Agriculture Marketing Board (HSAMB) has invited bids for the supply, installation, testing, and commissioning of 1,737 kW rooftop solar power systems across office buildings and pre-engineered building sheds at various markets...

May 27, 2026

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Daily News Wrap-Up: MNRE Unveils Relief Plan for 45 GW Projects Awaiting PPAs

The Ministry of New and Renewable Energy (MNRE) prepared a draft one-time relief package for renewable energy projects that have received Letters of Award but have yet to sign power purchase agreements. The package has been sent to the Ministry of...

May 27, 2026

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Project Finance Brief: IPX Power Closes $4.95 Billion Solar and Storage Financing

From: Mercom Capital Group IPX Power, an independent power producer, has closed committed financing for the construction and operation of the Darden solar and battery storage projects in Fresno County, California. The financing includes $4.95...

May 27, 2026

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Funding and M&A Roundup: Stride Raises $15 Million in Series B Funding

From: Mercom Capital Group Stride, a Vietnam-based rooftop solar financing platform, has raised $15 million in a Series B funding round to expand solar and battery adoption among households and micro, small, and medium enterprises in Vietnam....

May 27, 2026

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Andhra Pradesh Mandates 24×7 Power Supply, Sets Reliability Targets for DISCOMs

The Andhra Pradesh Electricity Regulatory Commission (APERC) has directed power distribution companies (DISCOMs) in the state to provide 24×7 electricity supply to all consumer categories, except agricultural consumers. For agricultural...

May 26, 2026

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IMFA to Procure 65 MW of Renewable Energy From EG Urja Strot

Ferroalloy producer Indian Metals and Ferro Alloys (IMFA) has announced it will procure 65 MW of renewable energy from EG Urja Strot’s 184 MW wind-solar hybrid project, which includes a 25 MWh battery storage component. IMFA has signed a 29-year...

May 26, 2026

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Rajasthan Proposes Charging of Battery Storage Systems from Own Generation

The Rajasthan Rajya Vidyut Prasaran Nigam (RVPNL) has issued draft guidelines mandating that battery storage systems installed with renewable energy captive and open access projects be charged during solar peak hours using power from their own...

May 26, 2026

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