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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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Solarworld’s Q4 Revenue Doubles as its Solar and BESS Manufacturing Scales

Uttar Pradesh-based renewable energy company Solarworld Energy Solutions reported consolidated revenue from operations of ₹5.92 billion (~$61.94 million) in the fourth quarter (Q4) of the financial year (FY) 2026, up 236% compared to ₹1.76 billion...

May 27, 2026

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MENA Weekly Round-Up: Masdar Selects Sungrow for UAE RTC Renewable Project

Masdar selected Sungrow as the battery storage and solar inverter supplier for the UAE’s planned 24/7 dispatchable renewable energy project. Developed with Emirates Water and Electricity Company, the project will combine 5.2 GW of solar projects and...

May 27, 2026

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Karnataka High Court Rules Solar Inverters Attract 5% GST and Not 18%

The Karnataka High Court has held that solar inverters will qualify for a concessional 5% Goods and Services Tax (GST) rate as they are parts of solar power-generating systems. It quashed the order of the Karnataka Department of Commercial Tax,...

May 27, 2026

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Telangana Invites Bids for 19 MW Solar Projects in Nine Districts

The Telangana Renewable Energy Development Corporation (TGREDCO) has invited bids to install and commission solar projects of 19 MW capacity at 18 substations across nine districts under CAPEX mode. The successful bidder will also be responsible for...

May 27, 2026

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SolarAfrica to Acquire 315 MW Nyakallo Solar and Storage Project

SolarAfrica, an independent renewable power producer, has signed an agreement to acquire the 315 MW Nyakallo solar and battery storage project in Limpopo, South Africa, from Norsk Renewables, a Norwegian renewable energy project developer. The...

May 27, 2026

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Uttar Pradesh Eases Metering Rules for Green Energy Open Access Consumers

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued clarifications for the provisions on metering, application fees, and registration fees for green energy open access (GEOA) consumers. UPERC said it had received representations...

May 27, 2026

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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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