Daily News Wrap-Up: CEA Storage Mandate Could Reshape Project Economics

UP regulator allows UPPCL to procure power at previous year’s purchase cost

September 8, 2026

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The Central Electricity Authority’s (CEA) proposal to mandate co-located energy storage systems for new ground-mounted solar and onshore wind projects could fundamentally change how renewable energy projects are designed.

The Uttar Pradesh Electricity Regulatory Commission allowed Uttar Pradesh Power Corporation to continue procuring electricity from certain renewable energy generators at the previous year’s average power purchase cost.

The Jharkhand State Electricity Regulatory Commission rejected a steel rope manufacturing company’s petition seeking recalculation of its Renewable Purchase Obligation liability.

The Delhi Electricity Regulatory Commission rejected the Bureau of Energy Efficiency’s claim seeking a penalty of ₹125.44 million (~$1.33 million) from the New Delhi Municipal Council.

The Maharashtra Electricity Regulatory Commission adopted annual transmission charges of ₹1.45 billion (~$15.90 million) for a renewable energy evacuation transmission project.

Pharmaceutical company Shilpa Medicare will source 13 MW of solar power from NeoGreen Power in a group captive arrangement for its operations in Karnataka.

Ceramic and vitrified tiles manufacturer Kajaria Ceramics signed a long-term power purchase agreement with Sunsure Energy to procure solar and wind power for its manufacturing facilities.

Indian Energy Exchange recorded its highest-ever monthly electricity traded volume of 13,938 million units in August 2026, an increase of 20.2% year-on-year.

Hyderabad-based power electronics startup Leanwatts raised approximately $2 million (₹181.5 million) in seed funding across two tranches, led by Trivest Partners.

Electric vehicle manufacturer Ola Electric Mobility’s board of directors approved a resolution to raise up to ₹15 billion (~$158.84 million) through equity shares and other securities.

Tunisia’s Ministry of Industry, Mines and Energy awarded contracts to developers for 309 solar projects, with a cumulative capacity of 455 MW.

The U.S. added a record 6.7 GW/20.2 GWh of battery energy storage system capacity in the second quarter of 2026, according to the U.S. Energy Storage Market Outlook by the Solar Energy Industries Association and Benchmark Mineral Intelligence.

The Middle East and North Africa region’s cumulative solar and wind capacity is projected to reach 404 GW by 2035, up from 49 GW currently. The report stated that MENA installed a record 16 GW of solar and wind capacity in 2025 and is expected to increase annual additions by 37% in 2026.

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