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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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Bankinter and Plenium Secure $617 Million for 130 MW Solar Portfolio

Bankinter Investment and Plenium Partners have secured €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV. Helia Renovables IV was launched in 2020 by Bankinter Investment, an alternative investment...

May 27, 2026

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KEC Secures ₹13 Billion Orders Across Wind, Transmission Projects

Mumbai-based engineering, procurement, and construction (EPC) company, KEC International, secured multiple orders totaling ₹13.03 billion (~$136.15 million) across various business verticals. KEC has secured orders for transmission and distribution...

May 27, 2026

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Central Regulator Allows IEX to Revise Green Contracts Under RCO Framework

The Central Electricity Regulatory Commission (CERC) has approved Indian Energy Exchange’s (IEX) proposal to revise its green contracts to align with the Ministry of Power’s updated renewable consumption obligation framework, replacing the earlier...

May 27, 2026

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APTEL Refuses to Stay Karnataka Regulator’s Orders Condoning Solar Project Delays

The Appellate Tribunal for Electricity (APTEL) has rejected two interim applications filed by Bangalore Electricity Supply Company (BESCOM) seeking a stay of the Karnataka Electricity Regulatory Commission’s (KERC) orders condoning delays by...

May 27, 2026

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CERC Drafts New Deviation Settlement Rules for Hybrid Power, Storage Projects

The Central Electricity Regulatory Commission (CERC) has proposed changes to the framework governing deviation settlement, infirm power injection, and payment timelines. The draft CERC (DSM and Related Matters) (Third Amendment) Regulations, 2026,...

May 27, 2026

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CleanMax Secures $575 Million for 1 GW Solar, Wind Projects

Mumbai-headquartered renewable energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) announced that it secured nearly $575 million to expand its solar and wind projects in India. The financing will support large-scale, Central...

May 27, 2026

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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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