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MNRE Proposes ALMM for Wafers, Ingots in Solar Backward Integration Push

Accelerating its push for creating domestic manufacturing capacities across the solar value chain, the government has proposed mandating the use of India-made wafers under the Approved List of Models and Manufacturers (ALMM) start...

September 15, 2025

Mercom Research Focus

New GST Rates on Renewable Energy Goods Likely to Reduce Costs and Tariffs

The reduction in Goods and Services Tax (GST) from 12% to 5% on solar cells and other renewable energy devices is likely to lower power costs for consumers while enhancing project viability for developers. Besides solar cells, win...

September 12, 2025

Mercom Research Focus

India Added 3.8 GW of Solar Open Access Capacity in 1H 2025

India added nearly 3.8 GW of solar open access capacity in the first half (1H) of 2025, an over 4% decrease from 3.9 GW installed in the same period of 2024, according to Mercom India’s Q2 2025 Solar Open Access Market Repor...

September 9, 2025

Market & Policy

Bombay High Court Stays MSEDCL’s Restrictions on Banked Renewable Energy

The Bombay High Court has stayed the Maharashtra State Electricity Distribution Company’s (MSEDCL) restriction on the use of banked renewable energy to solar hours. It ruled that the older multi-year tariff (MYT) framework, allowi...

September 10, 2025

Latest News

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Vikram Solar Secures ₹2.73 Billion Module Supply Order from AB Energia

Kolkata-based solar module manufacturer Vikram Solar has secured an order from AB Energia Solutions for the supply of 200 MW of solar modules, valued at approximately ₹2.73 billion (~$32.63 million). The agreement will see the modules deployed...

September 16, 2025

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MAHAPREIT Invites Bids to Empanel Solar Project Consultants

Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) has invited bids to empanel consultants to prepare pre-feasibility and detailed project reports (DPR) and financial models for rooftop and ground-mounted solar projects. The...

September 16, 2025

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SECI Invites Bids for 13 MW Rooftop Solar Projects in Puducherry

The Solar Energy Corporation of India (SECI) has issued a request for selection to install 13,043 kW of grid-connected rooftop solar projects on government buildings in Puducherry (Tranche-V). The systems will be installed under the renewable energy...

September 16, 2025

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Uttar Pradesh Floats Tender to Procure Power from 1.5 GWh of Standalone BESS

Uttar Pradesh Power Corporation (UPPCL) has invited bids to supply energy from 375 MW/1,500 MWh standalone battery energy storage systems (BESS). Bids must be submitted by October 13, 2025. Bids will be opened on October 16. Bidders must furnish a...

September 16, 2025

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Mufin Green Raises ₹500 Million via Private Placement of NCDs

Mufin Green Finance, a listed non-banking financial company (NBFC), has completed the allotment of 5,000 non-convertible debentures (NCDs) worth ₹500 million (~$5.67 million) through a private placement. As per an intimation filed with the stock...

September 15, 2025

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MENA Weekly Round-Up: Saudi Arabia Awards 4.9 GWh Energy Storage Contracts

The Saudi Electricity Company (SEC) secured two major battery energy storage projects in the northern region of the country with a combined capacity of 4.9 GWh. The projects’ installation costs will range between $73/kWh and $75/kWh. The contracts...

September 15, 2025

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Serentica to Acquire Statkraft’s Indian Solar Business

Independent power producer Serentica Renewables has signed binding agreements to acquire Statkraft’s 445 MW operational solar project at Bikaner, along with 1 GW of solar projects under development across Rajasthan. Projects in the portfolio have...

September 15, 2025

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Shifting Guidelines Disrupt Technology Choices and Investments in Clean Energy

Distributed and utility-scale renewable energy markets are reshaping product strategies and investment decisions in India, with technology choices and policy stability emerging as decisive factors. There has been a growing demand for microinverters...

September 15, 2025

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Daily News Wrap-Up: GST Reduction May Reduce Project Costs and Tariffs

The reduction in Goods and Services Tax (GST) from 12% to 5% on solar cells and other renewable energy devices is likely to lower power costs for consumers while enhancing project viability for developers. Besides solar cells, windmills, and...

September 15, 2025

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