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Government Mandates Two-Hour Energy Storage Integration in Solar Tenders

The Ministry of Power (MoP) has mandated that all Renewable Energy Implementing Agencies (REIAs) and state utilities to incorporate a minimum two-hour co-located energy storage system (ESS) equivalent to 10% of the installed solar...

February 19, 2025

Markets & Policy

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

Electric Vehicles

Karnataka’s Clean Mobility Policy 2025-30 Targets ₹500 Billion Investment

The Government of Karnataka has introduced its Clean Mobility Policy 2025-30, targeting ₹500 billion (~$5.755 billion) investments across the clean mobility value chain by 2030. The policy targets establishing Karnataka as Asia’s ...

February 18, 2025

Markets & Policy

MNRE Proposes Lower Module Efficiency Thresholds for Off-Grid Solar Projects

The Ministry of New and Renewable Energy (MNRE) has proposed an amendment to reduce the minimum module efficiency requirement under the Approved List of Models and Manufacturers for modules used in off-grid solar projects. The min...

February 17, 2025

Latest News

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Daily News Wrap-Up: Solar Module Capacity Under ALMM Drops to 67.1 GW

The Ministry of New and Renewable Energy added two new entrants, Easy Photovoltech and Akshaya Solar Power (India), to the Approved List of Module Manufacturers, adding 81 MW and 33 MW of capacity, respectively. However, the cumulative module...

February 19, 2025

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SJVN’s Q3 Revenue Rises 25% YoY Due to Strong Renewables Performance

Government-owned power generation company SJVN’s revenue rose to ₹7.61 billion (~$87.52 million) in the third quarter (Q3) of the financial year (FY) 2025, a 25% year-over-year (YoY) increase from ₹6.08 billion (~$69.92 million). Revenue from...

February 19, 2025

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Funding and M&A Roundup: ACCURE Battery Intelligence Secures $16 Million

From: Mercom Capital Group ACCURE Battery Intelligence, a battery software solutions provider, has secured $16 million in an oversubscribed Series B funding round. The funding round was led by Incharge Capital Partners, a joint venture of Porsche SE...

February 19, 2025

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Project Finance Brief: DESRI, Ranger Power Secure Financing for 250 MW Solar Project

From: Mercom Capital Group DESRI, a renewable energy project developer, in partnership with Ranger Power, a utility-scale clean power development company, announced the financial close for the 250 MWac Show Me State Solar project in Callaway County,...

February 19, 2025

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PGCIL Wins Two Transmission Projects in Karnataka and Rajasthan

The Power Grid Corporation of India (PGCIL) has bagged two transmission projects from PFC Consulting to evacuate 15.5 GW of power from renewable energy zones in Karnataka and Rajasthan. The transmission works involve developing a transmission system...

February 18, 2025

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Power Electronics Startup Dynolt Technologies Raises $1.7 Million

Bengaluru-based deep-tech power electronics startup Dynolt Technologies has secured $1.7 million (~₹147.7 million) in a seed funding round led by Transition VC. Angel investor Yashovardhan Shah also participated in the funding round. Dynolt develops...

February 18, 2025

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Solar Module Capacity Under ALMM Falls to 67.1 GW

The Ministry of New and Renewable Energy (MNRE) has added two new entrants, Easy Photovoltech and Akshaya Solar Power (India), to the Approved List of Module Manufacturers (ALMM), adding 81 MW and 33 MW of capacity, respectively. However, the...

February 18, 2025

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Daily News Wrap-Up: MNRE Proposes Lowering Module Efficiency Thresholds

The Ministry of New and Renewable Energy proposed an amendment to reduce the minimum module efficiency requirement for off-grid solar projects included in the Approved List of Models and Manufacturers. The minimum efficiency for crystalline silicon...

February 18, 2025

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SECL Invites Bids for 1.16 MW Rooftop Solar Systems

South Eastern Coalfields (SECL) has invited bids for the engineering, procurement, and construction of 1,160 kW grid-connected rooftop solar systems on 12 residential and non-residential buildings. Bids must be submitted by March 13, 2025. Bids will...

February 18, 2025

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