The Appellate Tribunal for Electricity held that the Punjab State Electricity Regulatory Commission (PSERC) has the legal authority to issue directions to the Punjab Energy Development Agency (PEDA) and can hear disputes involving PEDA when such disputes are closely tied to power procurement processes or tariff-related matters. This authority remains valid even though PEDA is neither a generating company nor a distribution licensee. The judgment arises from a batch of appeals involving several renewable energy developers, PEDA, PSERC, and the Punjab State Power Corporation.

New Delhi-based solar and waste-to-energy company SAEL Industries will invest approximately ₹82 billion (~$953.78 million) through its subsidiary, SAEL Solar P6, to set up an integrated solar manufacturing facility in Greater Noida, Uttar Pradesh. This facility will be under the jurisdiction of the Yamuna Expressway Industrial Development Authority. The facility will comprise a 5 GW solar cell manufacturing unit and a 5 GW solar module manufacturing line. SAEL’s total solar manufacturing capacity will increase to 8.5 GW after this project is operationalized. The facility will produce tunnel oxide passivated contact solar cells, which will be assembled into solar panels at its in-house module manufacturing line.

Rajasthan-based H.G. Infra Engineering’s board of directors approved a proposal to raise up to ₹4 billion (~$46.52 million) through the issuance of non-convertible debentures. The company is engaged in developing and implementing utility-scale solar power projects, battery energy storage systems, and hybrid renewable energy solutions. It also offers engineering, procurement, and construction services for the clean energy sector. The company said the NCDs can be secured, unsecured, or partially secured and will be rated, listed, taxable, and redeemable. The fundraise will be completed in one or more tranches via private placement. The company will utilize the NCDs to enhance its financial flexibility for ongoing and future projects. It has not yet disclosed the exact structure or timeline of the issuance.