The Ministry of New and Renewable Energy (MNRE) exempted government projects mandated to use solar modules from the Approved List of Models and Manufacturers (ALMM -List 1) from complying with ALMM List-II for solar cells, if the bid submission deadline is on or before the cut-off date.  The cut-off date will be one month after the publication of the first ALMM List for cells. For example, if the ALMM List for solar cells is published on August 1st, 2025, then the cut-off date will be September 1st, 2025. The exemption applies to all projects, including those bid out following the guidelines issued by the central government under Section 63 of the Electricity Act 2003.

As India aims to reach 500 GW of non-fossil fuel capacity by 2030, hybrid power solutions are being considered a critical tool to ensure firm, dispatchable, and cost-effective clean energy. At the Mercom India Renewables Summit 2025, a panel discussion titled “Hybrid Power: Strengthening Grid Stability and Scaling Renewable Integration” brought together experts to discuss how combining solar, wind, and storage technologies is helping address India’s growing power demand while improving grid reliability.

The Appellate Tribunal for Electricity held that Jindal Aluminium was not entitled to receive any compensation for the energy it injected into the electricity grid between October 4 and November 17 of 2015, before the execution of a wheeling and banking agreement. The Tribunal found no merit in the appeal and concluded that the original order of the Karnataka Electricity Regulatory Commission was not erroneous.

MNRE clarified that solar projects installed exclusively to charge energy storage systems (ESS) will not be exempted from complying with the requirements under ALMM. If a solar project is feeding power or charging an ESS, which is directly or indirectly supplying electricity to the grid, then such solar projects do not fall under the category of behind-the-meter projects solely used for captive consumption. They will, therefore, not be eligible for exemption from ALMM for solar modules.

Odisha’s Energy Department released the ‘Odisha Pumped Storage Projects (PSP) Policy’, identifying 45 potential PSP sites for implementation. Such PSPs will be considered state-identified sites. Through this policy, the state aims to promote the development of pumped storage hydro projects and facilitate the smooth integration of renewable energy into the grid. The Odisha government will issue operational guidelines in the next 15 days.

NTPC invited bids for the comprehensive operations and maintenance of a 92 MW floating solar project at NTPC Kayamkulam, Kerala, for three years, and a 5 MW ground-mounted solar system at Sri Vijaya Puram (Port Blair), Andaman and Nicobar Islands, for two years and nine months. Bids must be submitted by August 18, 2024. Bids will be opened on August 20. The scope of work includes daily monitoring of string outages, restoring inverter trips, attending breakdowns and tripping incidents, and restoring the system in the shortest possible time.

Solar module manufacturer Waaree Energies’ total income for the first quarter (Q1) of the financial year (FY) 2026 rose 31% year-over-year (YoY) to ₹45.97 billion (~$529.19 million) from ₹34.96 billion (~$402.44 million). The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 83% to ₹11.68 billion (~$134.45 million) from ₹6.39 billion (~$73.55 million) in Q1 FY 2025. Waaree Energies’ quarterly net profit grew 93% YoY to ₹7.72 billion (~$88.86 million) from ₹4.01 billion (~$46.16 million).

Adani Green Energy reported a 31% YoY revenue surge, from ₹25.28 billion (~$291 million) to ₹33.13 billion (~$382 million) in Q1 of FY 2026. Earnings before interest, taxes, depreciation, and amortization stood at ₹31.08 billion (~$358 million), up 31% from ₹23.74 billion (~$283 million) in Q1 FY 2025. The company also reported a 25% increase in cash profit, which rose to ₹17.44 billion (~$201 million) from ₹13.90 billion (~$166 million). Earnings per share came in at ₹4.26 (~$0.049) against ₹2.63 (~$0.03) in the previous quarter.