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NLC, Bondada, Oriana Win TNGECL’s 500 MW/1,000 MWh BESS Auction

NLC India Renewables (NLC India), Bondada Engineering, and Oriana Power have won Tamil Nadu Green Energy Corporation’s (TNGECL) auction to set up 500 MW/1,000 MWh standalone battery energy storage system (BESS) projects in six loc...

June 24, 2025

Energy Storage

NVVN’s 1 GWh Auction Discovers Lowest-Ever BESS Tariff of ₹216,000/MW/Month

Solar91 Cleantech, Rays Power Experts, Stockwell Solar Services, Oriana Power, and Inox Renewable Solutions won NTPC Vidyut Vyapar Nigam’s (NVVN) auction to set up 500 MW/1,000 MWh standalone battery energy storage systems (BESS) ...

June 23, 2025

Energy Storage

CERC Proposes Expanding Scope of Over-the-Counter Power Markets

The Central Electricity Regulatory Commission (CERC) has proposed amendments to its Power Market Regulations, 2021, to expand the scope of over-the-counter (OTC) power markets. An OTC market is a decentralized marketplace where fi...

June 18, 2025

C&I

Battery Energy Storage Systems are Phasing out Diesel Generators

Renewable energy sector experts have opined that battery energy storage systems (BESS) will likely phase out power banking in the coming years. Speaking at Mercom India’s Coimbatore C&I Clean Energy Meet recently, they said en...

June 24, 2025

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MNRE Launches ₹23 Million Startup Challenge for Rooftop Solar Innovation

The Ministry of New and Renewable Energy (MNRE) has launched the Innovative Projects Startup Challenge with a total prize pool of ₹23 million (~$265,650) to encourage innovation in rooftop solar and distributed renewable energy technologies....

June 24, 2025

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Bihar Issues Tender for 10 MW Floating Solar Project at Durgawati Dam

The Bihar State Power Generation Company (BSPGCL) has invited bids for the development of a 10 MW grid-connected floating solar project over the reservoir of Durgawati Dam, in the Kaimur/Rohtas district. Bids must be submitted by July 2, 2025. Bids...

June 24, 2025

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NHPC Invites Bids to Set Up 5.6 MW Rooftop Solar Projects in Sikkim

NHPC has issued a request for selection to set up 5.6 MW of rooftop solar projects on government buildings in Sikkim. Bids must be submitted by July 24, 2025. Bids will be opened on July 29. The capacities are divided into six categories: Category...

June 24, 2025

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ACME Secures ₹10.72 Billion Refinancing for 250 MW Rajasthan Solar Project

Gurgaon-based ACME Solar Holdings has secured a domestic project finance facility totaling ₹10.72 billion (~$128.38 million) for its wholly-owned subsidiary, ACME Aklera Power Technology. This facility will be used to refinance the debt associated...

June 24, 2025

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Servotech Acquires 27% Stake in Module Manufacturer Rhine Solar

New Delhi-based solar solutions and electric vehicle (EV) charger manufacturer Servotech Renewable Power System (Servotech) has entered a definitive agreement to acquire a 27% stake in post-money valuation in solar module manufacturing company Rhine...

June 24, 2025

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MERC Orders Refund of Excess Wheeling Charges to Wind Power Generator

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company (MSEDCL) to refund ₹6.8 million (~$78,351) in wheeling and transmission charges for the September 2021- May 2023 period for...

June 24, 2025

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Daily News Wrap-Up: SECI Announces Winners of 2 GW Rooftop Solar Auction

Vyomaa Energy and Sunanda Solar Energy won Solar Energy Corporation of India’s (SECI) auction to install 2,112 kW of grid-connected rooftop solar systems under the renewable energy service company mode. Vyomaa will install 335 kW at a tariff of ₹4....

June 24, 2025

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RECPDCL Invites Bids to Enhance Western-Southern Grid Power Connectivity

REC Power Development and Consultancy (RECPDCL) has invited bids for the implementation of a 765 kV interstate transmission system between Parli New, Maharashtra, and Bidar, Karnataka, on a build, own, operate, and transfer basis. The tender is part...

June 24, 2025

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Global Energy Storage Market Remains Resilient Amid US and China Policy Changes

The global energy storage capacity additions are expected to grow by 35% in 2025 to 94 GW or 247 GWh, according to BloombergNEF’s (BNEF) latest outlook. BNEF forecasts a compound annual growth rate of 14.7% between 2025 and 2035, with yearly...

June 24, 2025

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