Author: Staff

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MHI Announces Demand Incentives for Electric Trucks Under PM E-Drive

The Ministry of Heavy Industries (MHI) has issued a notification for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program, offering...

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RECPDCL Signs Agreements for Installing 3.32 Million Smart Meters in Gujarat

REC Power Development and Consultancy (RECPDCL) has signed agreements to deploy 3.32 million smart prepaid meters in Paschim Gujarat Vij Company’s (PGVCL) jurisdictional...

July 11, 2025

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Staff

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Grid

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Smart Grid
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Karnataka Sets Benchmark Tariff of ₹3.07/kWh for MW-Scale Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has issued its generic tariff order for solar power projects. The order is applicable from July 1, 2025, to June...

July 11, 2025

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Staff

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Market & Policy

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Rooftop

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Solar
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REMCL Floats Tender for 3 MW Solar Project in Noida

REMCL, a joint venture between the Ministry of Railways and Rail India Technical and Economic Service, has issued a tender to implement a 3 MW solar project at the...

July 11, 2025

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Staff

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Solar

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Tenders & Auctions
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JK Tyre to Source 5 MW of Renewable Energy from STTY RE

JK Tyre will procure power from STTY RE’s 5 MW solar project for 25 years in captive mode. The tyre company’s board approved an investment of ₹12.2 million (~$142,570)...

July 10, 2025

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Staff

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C&I

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Solar
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Himachal Electricity Regulator Finalizes Resource Adequacy Framework Regulations

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has finalized its Resource Adequacy Framework Regulations, 2025. These regulations aim to ensure that the...

July 10, 2025

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Staff

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Grid

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Market & Policy
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NLC India to Invest ₹16.3 Billion in Renewables Subsidiary

NLC India has granted an in-principle approval to invest up to ₹16.3 billion (~$190 million) in one or more tranches in its wholly owned subsidiary, NLC India Renewables...

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UPERC Approves Tariff of ₹3.84/kWh for 300 MW Wind-Solar Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a tariff of ₹3.84 (~$0.044)/kWh for the procurement of 300 MW wind-solar hybrid power by Noida...

July 10, 2025

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Staff

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Market & Policy

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Solar

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Wind
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Rajasthan Regulator Approves Tariffs for 229 MW Solar Projects under KUSUM

The Rajasthan Electricity Regulatory Commission (RERC) has approved the levelized tariffs determined through a competitive bidding process conducted by the Jaipur Vidyut...

July 9, 2025

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Staff

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Market & Policy

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Solar
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Accelerating India’s Net Zero Strategy with Energy Storage and Green Hydrogen

Energy storage and green hydrogen are crucial for mitigating the intermittency of renewable energy sources, such as solar and wind, thereby enabling a continuous power...

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MCX to Start Electricity Futures Trading from July 10, 2025

The Multi Commodity Exchange of India (MCX), a commodity derivatives and options exchange, will launch electricity futures contracts from  July 10, 2025, enabling power...

July 9, 2025

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Staff

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Finance and M&A

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T&D
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Funding and M&A Roundup: Opdenergy Secures $412 Million

From: Mercom Capital Group Opdenergy, an independent renewable energy producer, has secured a new corporate debt facility of €350 million (~$412 million) through senior...

July 9, 2025

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Staff

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Finance and M&A

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Other
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Project Finance Brief: ContourGlobal Acquires 1.6 GW Battery Energy Storage Projects

From: Mercom Capital Group ContourGlobal, a renewable energy power generation and a subsidiary of KKR, announced the acquisition of battery energy storage projects...

July 9, 2025

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Staff

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Finance and M&A

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Solar
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India Added 341 MWh of Energy Storage Capacity in 2024

India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom...

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GERC Approves Tariff of ₹2.78/kWh for 500 MW Solar Power Procurement

The Gujarat Electricity Regulatory Commission (GERC) has approved the power purchase agreement (PPA) signed between Gujarat Urja Vikas Nigam (GUVNL) and NTPC Renewable...

July 8, 2025

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Staff

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Market & Policy

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Solar

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