Daily News Wrap-Up: MNRE to Fund Perovskite Solar Manufacturing Pilot Line

Kerala regulator approves revisions to 300 MW peak power tender

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The Ministry of New and Renewable Energy (MNRE) approved the continuation of its Renewable Energy Research and Technology Development program from the financial year (FY) 2027 through FY 2031, with a total outlay of ₹4.37 billion (~$45.3 million). The program aims to strengthen India’s renewable energy research ecosystem, promote indigenous technology development and manufacturing, and accelerate the commercialization of advanced clean energy technologies. Among the projects that will be supported is a pilot line for the manufacturing of perovskite solar cells.

The Kerala State Electricity Regulatory Commission approved Kerala State Electricity Board’s proposal to revise the bid evaluation methodology for an ongoing tender to procure 300 MW of peak power for five years.

The Bihar Electricity Regulatory Commission approved the generic levelized tariffs for biomass, non-fossil fuel cogeneration, and waste-to-energy projects for FY 2026-27.

Power Grid Corporation of India invited bids under a long-term agreement to develop 500 MW/1,000 MWh of standalone battery energy storage systems across India. The last date to submit bids is August 17. 2026. Bids will be opened on the same day.

Mahasamruddhi Renewable Energy (an SPV of Maharashtra State Road Development Corporation) invited bids for the long-term supply of solar power via open access (third-party or group captive) from 115 MW solar power projects proposed along the Hindu Hruday Samrat Balasaheb Thackeray Smaruddhi Mahamarg. The last date to submit bids is September 7, 2026. Bids will be opened on the following day.

Midwest Energy, the technology and clean energy arm of Hyderabad-based Midwest Business House, commenced commercial production at its 1.2 GWh battery energy storage manufacturing facility in Bengaluru. The battery energy storage manufacturing facility began commercial production on July 20, 2026.

Diversified business group DCM Shriram signed agreements to source 58 MW of power from a hybrid renewable energy project to be developed by Serentica Renewables. DCM Shriram will invest around ₹1.05 billion (~$10.91 million) to acquire a 26% equity stake in Serentica Renewables India 38, to source power for its facility in Bharuch, Gujarat.

The U.S. initiated an anti-circumvention inquiry to determine whether crystalline silicon solar cells and modules manufactured in Ethiopia and Vietnam using Chinese components are circumventing existing antidumping and countervailing duty orders on Chinese solar products.

Global silver demand from the photovoltaic sector is expected to decline by 19% year-over-year to 151 million ounces in 2026. According to the World Silver Survey 2026 published by the Silver Institute, the decline follows a 6% drop in 2025, when photovoltaic silver demand fell to 186.6 million ounces from 197.5 million ounces the previous year.

Germany’s Federal Ministry for Economic Affairs and Energy issued a draft law to support what it terms a planned, cost-efficient, grid-compatible and market-oriented expansion of renewable energies in the electricity sector.

Fidra Energy, a U.K.-based battery energy storage project developer, reached financial close on its 500 MW/1.1 GWh West Burton C battery storage project in Nottinghamshire, England.

Sonnedix, an independent solar power producer, announced the acquisition of a 260 MW battery storage portfolio in Tuscania, Italy, from Sphera Energy. The portfolio comprises two adjacent standalone battery storage projects.

Piq Energy, a grid planning software company, raised $5 million in an oversubscribed seed funding round led by Active Impact Investments. Cisco Foundation, Mobilize AI x Energy Ventures, New Climate Ventures, Ascent Energy Ventures, Umami Capital, CLAI Ventures, and 9Zero also participated in the round.

Oman’s Nama Power and Water Procurement Company invited bids to procure electricity from solar projects totaling 1,000 MW. The projects must be commissioned by the second quarter of 2030. The deadline for bid submissions is August 26, 2026. Bidders must provide a tender bond equal to at least 1% of the tender value.

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