Archive

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MERC Rejects Avaada’s ₹477 Million Change-in-Law Compensation Claim

The Maharashtra Electricity Regulatory Commission (MERC) has rejected Avaada MH Sustainable’s (Avaada Energy) petition seeking compensation of ₹477.5 million (~$5....

April 23, 2026

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Melvin Mathew

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Markets & Policy

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Solar
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CleanCapital Sells 120 MW Solar Project in Ohio

CleanCapital, a U.S.-based independent power producer focused on distributed renewable energy, has sold a 120 MW solar project in Harrison County, Ohio, to Energix...

April 23, 2026

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Renu

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Finance and M&A

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Solar
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MERC Approves Tariffs for 8 MW Round-the-Clock Renewable Energy

The Maharashtra Electricity Regulatory Commission (MERC) has approved tariffs ranging from ₹5.30 (~$0.0565)/kWh to ₹5.90 (~$0.0629)/kWh for the procurement of...

April 23, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy
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EMERAM Acquires Stake in Home Energy Management Firm Solar Manager

EMERAM, an investment manager, has acquired a stake in Switzerland-based Solar Manager AG, a provider of home energy management solutions. The financial details of the...

April 23, 2026

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Dibin DB

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Finance and M&A

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Smart Grid
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Maharashtra Forms Panel to Review Electricity Duty on Rooftop Solar

The Government of Maharashtra has constituted a committee to examine the applicability of electricity duty on rooftop solar consumers, behind-the-meter systems, and grid...

April 23, 2026

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Arjun Joshi

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Markets & Policy

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Rooftop

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Solar
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Sterling and Wilson’s Revenue Drops 23% but Profit Surges in Q4 FY 2026

Sterling and Wilson Renewable Energy (SWREL) reported a consolidated revenue from operations of ₹19.46 billion (~$207.57 million) for the fourth quarter (Q4) of the...

April 23, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Adani Green Energy Operationalizes 292 MW Solar Project in Gujarat

Adani Green Energy Twenty Six A (AGE26AL), a wholly owned step-down subsidiary of Adani Green Energy (AGEL), has operationalized a 292 MW solar project in Khavda,...

April 23, 2026

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Parth Shukla

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Solar

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Utility Scale
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EIE Renewables to Acquire 150 MWh Battery Storage Project in Bihar

EIE Renewables, a wholly owned subsidiary of Enviro Infra Engineers, has entered into an agreement to acquire PRA Bihar Bess, a special purpose vehicle of Barbrik...

April 23, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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MERC Approves 60 MW Wind-Solar PPA Withdrawal, Citing High Tariff

The Maharashtra Electricity Regulatory Commission (MERC) has allowed Mindspace Business Parks, Gigaplex Estate, and KRC Infrastructure and Projects to withdraw their...

April 23, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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BEE Issues Compliance Framework for Renewable Consumption Obligation

India has operationalized a national compliance framework for renewable energy consumption with the Bureau of Energy Efficiency (BEE) issuing operational guidelines for...

April 23, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy

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Solar
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SAEL, Waaree, MB Power, and JLTM Energy Win PSPCL’s 500 MW Solar Auction

SAEL Industries,  Waaree Forever Energies (a subsidiary of Waaree Energies), MB Power (Madhya Pradesh) (a subsidiary of Hindustan Power), and JLTM Energy India (a...

April 23, 2026

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Rajasthan Sees Nearly 12 GW of Solar, Wind Curtailment Since January

A staggering 11.5 GW of renewable energy has been curtailed in Rajasthan since January 2026, with March alone accounting for 8.3 GW, prompting developers to seek the...

April 23, 2026

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Melvin Mathew

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Grid

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Market & Policy

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Solar

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Wind
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Daily News Wrap-Up: Leading Solar O&M Service Providers in 2025

Inox Green Energy Services, Mitarsh Energy, Jakson Green, Inspire Clean Energy, and Sterling & Wilson emerged as the top solar project operations and maintenance...

April 23, 2026

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Melvin Mathew

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Daily Wrap-up
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IRENA Calls for Tariff Cuts on Renewables After Middle East Oil Shock

Amid global disruptions in fuel markets caused by the ongoing war in the Middle East, the International Renewable Energy Agency (IRENA) has proposed removing or reducing...

April 23, 2026

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Melvin Mathew

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Renewable Energy
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NLC India Secures $117 Million Loan from KfW for Solar, Storage Projects

NLC India has signed a loan agreement with Germany-based bank KfW for €100 million (~$117.32 million) to support its solar and energy storage projects. The loan will...

April 23, 2026

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Parth Shukla

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Energy Storage

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Finance and M&A

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Solar

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