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NLC India Announces Winner of 250 MW/500 MWh EPC Battery Storage Auction

NLC India has announced the winner of its auction to set up a 250 MW/500 MWh battery energy storage system (BESS) at the Tamil Nadu Transmission Corporation’s substations. Pace Digitek won the auction for the engineering, procurem...

May 18, 2026

Energy Storage

PSPCL Announces Winners of 1 GWh Battery Energy Storage Auction

The Punjab State Power Corporation (PSPCL) has announced the winners of the 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction. Stockwell Solar won 150 MW/300 MWh at a tariff of ₹335,000 (~$3,499.43)/MW/mont...

May 15, 2026

Solar

SECI Announces Winner of 10 MW Solar Auction

The Solar Energy Corporation of India (SECI) has announced the winner of its auction to set up a 10 MW grid-connected solar project in Odisha. BNC Power Projects won the auction, quoting a tariff of ₹2.60 (~$0.0271)/kWh. The tende...

May 15, 2026

Renewable Energy

India’s RTC Push Is Laying the Groundwork for Hourly Clean Energy Matching: Interview

India’s power system has advanced in time-based operations, with electricity scheduled and dispatched in 15-minute intervals. Yet, the country’s clean energy accounting still largely operates on an annual basis, masking the mismat...

May 19, 2026

Latest News

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Canadian Solar Expands Battery Storage and US Manufacturing Despite Weak Module Sales

Renewable energy solutions provider Canadian Solar’s revenue for the first quarter (Q1) of 2026 declined 10% year-over-year (YoY) to $1.08 billion from $1.20 billion. The company attributed the revenue drop to lower solar module sales, which were...

May 19, 2026

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Sunstream Secures ₹7 Billion Refinancing for 250 MW Solar Portfolio from SBI

Renewable energy solutions provider Sunstream Green Energy completed a ₹7 billion (~$72.67 million) refinancing with State Bank of India (SBI) for an over-250-MW solar portfolio developed over three years across 17 sites in Maharashtra. Sunstream...

May 19, 2026

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India Restricts Silver Bar Imports, Solar Manufacturers May Face Cost Pressure

The Directorate General of Foreign Trade has amended the import policy for certain silver bars, moving them from the Free category to Restricted with immediate effect. The policy change may have implications for India’s solar manufacturing supply...

May 19, 2026

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MENA Weekly Round-Up: Abu Dhabi to Top Solar Capacity Additions by 2035

According to the Emirates Water and Electricity Company, Abu Dhabi will lead solar capacity additions in the United Arab Emirates (UAE) in 2035. Abu Dhabi’s solar capacity additions are expected to increase by almost 2,000% between 2020 and 2030,...

May 19, 2026

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Daily News Wrap-Up: NLC Announces Winners of 500 MWh EPC Battery Storage Auction

NLC India announced the winner of its auction to set up a 250 MW/500 MWh battery energy storage system (BESS) at the Tamil Nadu Transmission Corporation’s substations. The tender was floated in January this year. The scope of work entails the design,...

May 19, 2026

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Tripura Electricity Regulator Approves ₹12.75 Billion Tariff Recovery

The Tripura Electricity Regulatory Commission (TERC) has approved the tariffs for Tripura State Electricity Corporation (TSECL) for the financial year ending March 2027. The order covers the truing-up for the year ended March 2025, the annual...

May 19, 2026

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Automation, Higher Deliveries Send Eos Energy Q1 Revenue Soaring

U.S.-based energy storage solutions provider Eos Energy Enterprises posted revenue of $57 million in the first quarter (Q1) of 2026, up 444.7% year-over-year (YoY) from $10.5 million, exceeding analysts’ expectations by $563,000. The company...

May 19, 2026

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Crux Secures $500 Million Debt Facility for Clean Energy Tax Investments

Crux, a clean energy finance platform, has closed a $500 million debt financing facility with Nuveen Energy Infrastructure Credit, Nuveen’s infrastructure credit investment platform. Skadden, Arps, Slate, Meagher & Flom served as...

May 18, 2026

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Uttarakhand Issues Draft Resource Adequacy Planning Framework

The Uttarakhand Electricity Regulatory Commission (UERC) has proposed a resource adequacy framework for the state’s power sector to ensure the availability of sufficient capacity to meet electricity demand reliably. The framework will apply to...

May 18, 2026

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