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SECI Announces Winners of 1,500 MW/12,000 MWh of Pumped Storage Auction

Solar Energy Corporation of India (SECI) has announced the winners of its auction to set up 1,500 MW/12,000 MWh of pumped-storage projects (PSP) for on-demand usage under the PSP-I program. Greenko Energies secured 720 MW, quoting...

July 20, 2026

Markets & Policy

MNRE Extends ALMM Cell Exemption for Net Metering, Open Access Solar Projects

The Ministry of New and Renewable Energy (MNRE) has extended the exemption from the Approved List of Models and Manufacturers (ALMM) List II requirement for solar cells for net metering and open access renewable energy projects co...

July 18, 2026

Markets & Policy

Solar Policy Consistency Key to Investors’ Confidence in India: Interview

The Approved List of Models and Manufacturers (ALMM) mandate for solar cells, which came into effect on June 1, 2026, is one of the most widely discussed topics in India’s renewable energy industry today. In an interview on the si...

July 22, 2026

Markets & Policy

MNRE to Fund Pilot Line for Perovskite Photovoltaic Manufacturing

The Ministry of New and Renewable Energy (MNRE) has approved the continuation of its Renewable Energy Research and Technology Development (RE-RTD) program from the financial year (FY) 2027 through FY 2031, with a total outlay of ₹...

July 21, 2026

Latest News

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Battery Material Company Sila Raises $300 Million in Funding

Battery materials company Sila has raised $300 million in a private equity funding round to expand U.S. production of its silicon-carbon anode material and support the planned second phase of its manufacturing facility in Moses Lake, Washington....

July 22, 2026

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Solar Cell Capacity Under ALMM List-II Grows to 31.76 GW

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) List-II for solar cells, adding Avaada Electro as a new manufacturer and expanding Fujiyama Power Systems’ approved manufacturing...

July 22, 2026

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AMPYR Distributed Energy Secures $194 Million for European Expansion

AMPYR Distributed Energy (ADE), a distributed energy solutions provider backed by AGP Group, has secured €170 million (~$194 million) in debt facilities from existing partners Crédit Agricole Corporate and Investment Bank and Benefit Street Partners,...

July 22, 2026

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JSW Energy’s Q1 FY 2027 Profit Falls 36% YoY on Higher Finance Costs

Independent power producer JSW Energy reported consolidated revenue of ₹54.37 billion (~$564.59 million) in the first quarter (Q1) of the financial year (FY) 2027, remaining largely flat from ₹54.11 billion (~$561.89 million) in the corresponding...

July 22, 2026

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GAIL Tenders 600 MW Solar Plus 550 MWh Battery Storage Project

GAIL (India) has issued a tender to set up a 600 MW solar project integrated with a 275 MW/550 MWh battery energy storage system at the Tusco Jhansi Solar Park in Uttar Pradesh. Bids must be submitted by August 20, 2026. Bids will be opened on the...

July 22, 2026

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Rooftop Solar Gives Packaging Company Uflex a Cost-Cutting Edge

For manufacturing industries with continuous and energy-intensive operations, rooftop solar can reduce electricity costs during daylight hours, when production demand is typically high. Generating power close to the point of consumption reduces...

July 22, 2026

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MERC Clears Tariff for Adani Electricity’s 750 MW Renewable Power Procurement

The Maharashtra Electricity Regulatory Commission (MERC) has adopted a weighted-average levelized tariff of ₹6.38 (~$0.066)/kWh for procuring 750 MW of round-the-clock (RTC) power from grid-connected renewable energy projects, complemented by power...

July 22, 2026

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Daily News Wrap-Up: MNRE to Fund Perovskite Solar Manufacturing Pilot Line

The Ministry of New and Renewable Energy (MNRE) approved the continuation of its Renewable Energy Research and Technology Development program from the financial year (FY) 2027 through FY 2031, with a total outlay of ₹4.37 billion (~$45.3 million)....

July 22, 2026

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Clean Energy Meets Key to Expanding Market Access and Industry Connect

In the calendar year 2025, 119 GW of solar modules and over 9 GW of solar cell manufacturing capacity were added in the country, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report. Buoyed by large utility-scale project...

July 22, 2026

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