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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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Rajasthan Announces 150 Units of Free Electricity with Rooftop Solar Projects

The Rajasthan government has announced 150 units of free monthly electricity for the beneficiaries of the Chief Minister Free Electricity Program. The announcement was made by the state Finance Minister, Diya Kumari, while presenting the state...

February 19, 2025

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POWERGRID Invites Bids for 7 MW Rooftop Solar Systems Under PM Surya Ghar

Power Grid Corporation of India has invited bulk contract bids to supply and install 7 MW of rooftop solar systems on its buildings in northern and western regions under the PM Surya Ghar: Muft Bijli Yojana. The northern region will have a total...

February 19, 2025

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Assam Invites Bids for 134 MW Rooftop Solar Projects

The Assam Power Distribution Company (APDCL) has invited bids to set up rooftop solar projects with a cumulative capacity of 134 MW across government buildings under the PM Surya Ghar: Muft Bijli Yojna. The capacity will be divided into 76 MW in...

February 19, 2025

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Credit Fair Secures $5 Million from Symbiotics for Rooftop Solar Financing

Rooftop solar financing company Credit Fair has raised $5 million (₹415 million) from the $75 million (₹6.22 billion) ‘Green Basket Bond’ issued by Symbiotics Investments. Credit Fair intends to use the funds to finance 2,500 rooftop solar projects,...

February 19, 2025

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Reliance Signs Agreement for 10 GWh Battery Storage Under PLI Program

The Ministry of Heavy Industries has signed a program agreement with Reliance New Energy Battery, a subsidiary of Reliance Industries, for a capacity of 10 GWh under the Production Linked Incentive (PLI) Program for Advanced Chemistry Cell (ACC)....

February 19, 2025

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Borosil Hurt by Cheaper Chinese Solar Glass, Loss Widens in Q3 FY 2025

Borosil Renewables reported a net loss of ₹300.7 Million (~$3.46 million) in the third quarter (Q3) of the financial year (FY) 2025, from a loss of ₹158.9 million (~$1.83 million) in Q3 FY 2024. The company attributed the higher loss to a...

February 19, 2025

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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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