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Industry Welcomes Government Push For Upstream-Focused Solar Lending

The Ministry of New and Renewable Energy’s (MNRE) recent advisory to banks and financial institutions, calling for prudence in lending to standalone solar module manufacturing, has been welcomed by the renewable energy sector. Sta...

December 15, 2025

Markets & Policy

China Files Case Against India’s Solar Subsidies at WTO

China has filed a complaint with the World Trade Organization (WTO) against India’s solar photovoltaic subsidies, alleging that they provide an unfair competitive advantage to Indian companies and harm Chinese interests. According...

December 19, 2025

Finance and M&A

India Attracts ₹7.16 Trillion in Clean Energy Investments Since FY 2021

Over the last five financial years, public sector banks, government-owned/controlled financial institutions, and foreign direct investments have cumulatively invested around ₹7.16 trillion (~$79.13 billion) in India’s renewable en...

December 18, 2025

Markets & Policy

CAG Pulls Up Coal India for Tardy Implementation of Solar Projects

The Comptroller and Auditor General of India (CAG) has pulled up government-owned Coal India (CIL) for the tardy implementation of its solar energy initiatives and recommended that it ‘fast-track’ project execution to meet its Net...

December 18, 2025

Latest News

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Sri Lanka Issues Tender for 50 MW Solar Project with BESS

Sri Lanka’s Trincomalee Power Company (TPCL), a 50:50 joint venture between Ceylon Electricity Board (CEB) and India’s NTPC, has issued an engineering, procurement, and construction (EPC) tender for a 50 MW (Phase I) ground-mounted solar...

December 19, 2025

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KERC Proposes Reducing Cross-Subsidy and Cross-Subsidy Surcharge from FY 2029

The Karnataka Electricity Regulatory Commission (KERC) has issued the draft Karnataka Electricity Regulatory Commission (Roadmap for Reducing Cross-Subsidy and Cross Subsidy Surcharge) Regulations, 2025. The draft regulations seek to formally...

December 19, 2025

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Bulgaria Approves $137 Million Funding for 4 GWh Energy Storage Projects

Bulgaria’s Ministry of Energy has approved funding for 31 energy storage system (ESS) projects totaling 4 GWh, worth BGN 228.9 million (~$137.29 million), under its National Renewable Energy Storage Infrastructure RESTORE 2 program. The country...

December 19, 2025

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Waaree to Buy Stake in Polysilicon Manufacturer United Solar for $30 Million

Waaree Energies’ subsidiary, Waaree Solar Americas, will buy 53,68,551 Series B shares of polysilicon manufacturer United Solar Holding for $30 million. The proposed investment, for which the two companies signed a binding term sheet, will help...

December 19, 2025

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Poland to Invest $73 Million in Local Renewable Energy and Storage Projects

Poland’s Ministry of Climate and Environment has signed eight additional agreements with energy clusters, allocating PLN264 million (~$73.42 million) to support local renewable energy and storage projects. The agreements are part of Poland’s...

December 19, 2025

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APERC Approves 1.16 GW Solar Procurement with ₹3.09/kWh Tariff Cap

The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved the procurement of 1,162.8 MW of solar power for feeder-level solarization of agricultural feeders under Component C of the PM-KUSUM program. The approval covers projects...

December 19, 2025

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Alpex Solar to Raise ₹1.25 Billion Through Issue of Debentures

Module manufacturer Alpex Solar’s board of directors has approved raising ₹1.25 billion (~$13.8 million) through the issuance of secured, redeemable, unlisted, unrated, and non-convertible debentures (NCDs). Alpex will issue 12,500 NCDs, each with a...

December 19, 2025

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Venwind Refex to Supply 148 MW of Wind Turbines to Jindal Steel

Chennai-based wind energy solutions company Venwind Refex Power (VRPL), a subsidiary of Refex Industries, has received an order to supply 148 MW of wind turbine generators to Jindal Steel and Power Group for wind projects in Tamil Nadu. VRPL will...

December 19, 2025

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Germany Sets Price Ceilings for 2026 Onshore Wind and Rooftop Solar Auctions

Germany’s Federal Network Agency (Bundesnetzagentur) has set price ceilings of €0.0725 (~$0.085)/kWh for onshore wind and €0.1 (~$0.12)/kWh for rooftop solar project auctions being held in 2026. The price determinations will also apply to the...

December 19, 2025

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