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PM Surya Ghar Completes One Year with Over 800,000 Rooftop Solar Installations

The PM Surya Ghar: Muft Bijli Yojana has completed one year of significant progress in promoting rooftop solar adoption nationwide. As of January 27, 2025, 846,000 households have installed rooftop solar systems under the program....

February 13, 2025

Finance and M&A

ONGC-NTPC Joint Venture Acquires Ayana Renewable for ₹195 Billion

ONGC NTPC Green (ONGPL), a joint venture between ONGC Green and NTPC Green Energy, has signed a share purchase agreement to acquire a 100% equity stake in utility-scale renewable energy platform Ayana Renewable Power for ₹195 bill...

February 12, 2025

Electric Vehicles

Madhya Pradesh’s Draft EV Policy Proposes ₹50,000 Subsidy for Four-Wheelers

The Madhya Pradesh government has announced a maximum state subsidy of ₹50,000 (~$570.99) per four-wheeler electric vehicle in Draft Madhya Pradesh Electric Vehicle (EV) Policy 2025. The policy will be valid for five years. It cov...

February 11, 2025

Market & Policy

Kerala Needs ₹522 Billion by 2030 for Renewable Energy Integration

The Kerala State Electricity Regulatory Commission (KSERC) has estimated an investment of ₹522.38 billion (~$6.01 billion) would be required by 2030 to upgrade energy infrastructure and integrate renewable energy sources effective...

February 13, 2025

Latest News

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EWEC Floats Tender for 140 MW Wind Project in Abu Dhabi

Emirates Water and Electricity Company (EWEC) has issued a request for proposal (RfP) to set up the 140 MW Al Sila wind power project in Abu Dhabi, United Arab Emirates. The RfP was issued to 16 companies and consortiums who qualified in the...

February 14, 2025

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REC Silicon’s Revenue Falls 26% YoY as it Shuts Polysilicon Facility

Norway-based silicon material manufacturer REC Silicon reported a revenue of $29.7 million in the fourth quarter (Q4) of 2024, a 26.5% year-over-year (YoY) decline from $40.4 million. The company’s earnings per share came at a loss of $0.75 per...

February 14, 2025

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Government Issues Bidding Guidelines for Pumped Storage Projects

The Ministry of Power has issued tariff-based competitive bidding guidelines to procure stored energy from existing, under-construction, or new Pumped Storage Projects (PSP). According to the National Electricity Plan 2023, there will be a need for...

February 14, 2025

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SECI Invites Bids to Develop 500 MW Solar Projects

Solar Energy Corporation of India (SECI) has invited bids to select developers to set up 500 MW of interstate transmission system (ISTS)-connected solar power projects (Tranche XIX). Bids must be submitted by March 17, 2025. Bids will be opened on...

February 14, 2025

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Daily News Wrap-Up: PM Surya Ghar Completes One Year

The PM Surya Ghar: Muft Bijli Yojana completed one year of significant progress in promoting rooftop solar adoption nationwide. As of January 27, 2025, 846,000 households have installed rooftop solar systems under the program. The rate of...

February 14, 2025

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MNRE Unveils Draft Design and Testing Guidelines for Solar Cold Storages

The Ministry of New and Renewable Energy (MNRE) has released draft guidelines on “design, specifications, performance, and testing procedure for solar cold storage with thermal energy storage (TES) backup.” The guidelines will serve as a standard...

February 13, 2025

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SIDBI and AFD Sign $100 Million Loan Agreement for Green Financing

Small Industries Development Bank of India (SIDBI) and France-based Agence Française de Développement (AFD) have signed a $100 million (~₹1.15 million) credit facility agreement to scale green finance solutions for Indian micro, small, and medium...

February 13, 2025

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MES Floats Tender for Repair and Maintenance of 1 MW Solar Project

The Military Engineer Services (MES) has invited bids to repair and maintain a 1 MW solar power project at Bambolim, Goa. The last date to submit bids is March 1, 2025. Bids will be opened on March 3. The project must be completed within 12 months....

February 13, 2025

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Rajasthan Electronics Tenders 1 MW Solar Project in Hyderabad

Rajasthan Electronics & Instruments (REIL) has invited bids to design, supply, install, test, and commission a 1 MW solar power project in Hyderabad. The scope of work includes comprehensive operations and maintenance (O&M) for five years....

February 13, 2025

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