The Central Electricity Regulatory Commission (CERC) granted conditional relief to renewable energy developers whose interstate transmission system connectivity was revoked due to delays in project commissioning. The Commission held that the Central Transmission Utility of India acted in accordance with the Connectivity and General Network Access Regulations, 2022, when it issued revocation notices.

The Karnataka Electricity Regulatory Commission (KERC) notified the Karnataka Electricity Regulatory Commission (Roadmap for Reducing Cross-Subsidy and Cross-Subsidy Surcharge) Regulations, 2026. The framework establishes a roadmap to reduce cross-subsidies and the cross-subsidy surcharge in electricity tariffs while maintaining tariff levels within the ±20% band of the average cost of supply, in line with statutory requirements and the Tariff Policy.

The Maharashtra Electricity Regulatory Commission issued a draft order proposing a generic tariff of ₹2.82 (~$0.031)/kWh for surplus electricity exported from rooftop solar systems under net-metering and net-billing arrangements for the financial year (FY) 2026–27. The tariff remains unchanged from FY 2025–26. The Commission has determined provisional variable charges of ₹6.87 (~$0.075)/kWh for biomass-based power projects and ₹5.29 (~$0.058)/kWh for non-fossil fuel-based cogeneration projects for FY 2026–27, the same as the FY 2025–26.

Solar adoption across India’s commercial and industrial segment is growing steadily, with businesses realizing the benefits of reduced power bills and sustainability in their operations. Grain processing companies with high daytime electricity consumption are increasingly deploying captive solar assets to reduce grid dependence and stabilize long-term electricity costs. Uttar Pradesh-based Kedarnath Multigrains has commissioned a 659 kW rooftop solar power system at its Shahajahapur facility.

The Himachal Pradesh government proposed amending the Town and Country Planning Rules, 2014, to facilitate the provision of electric vehicle (EV) charging points in commercial, public, semi-public buildings, and real estate projects. The draft amendment seeks to insert a new regulation for EV charging points in accordance with the EV charging infrastructure provisions of the amended Model Building Bye-Laws, 2016.

Bank of Baroda raised ₹100 billion (~$1.1 billion) through green infrastructure bonds to support long-term funding for renewable energy and sustainable infrastructure projects. The Series I Long-Term Green Infrastructure Bonds received total bids of ₹164.15 billion (~$1.8 billion), which was over three times the base issue size of ₹50 billion (~$545.65 million). The bank had offered a greenshoe option of an additional ₹50 billion (~$545.65 million).

Power Grid Corporation of India (POWERGRID) invited bids to set up a 50 MW/100 MWh battery energy storage system project in Patiala, Punjab. The project forms part of a larger program to develop 500 MW/1,000 MWh of standalone battery storage capacity in Punjab. Bids must be submitted by March 20, 2026. Bids will be opened on the same day.

POWERGRID invited bids to select a consortium partner to set up a 50 MW/100 MWh standalone battery storage project in Bhatinda, Punjab. The last date to submit bids is March 18, 2026. This tender is for a pre-bid tie-up, and its award is contingent on POWERGRID winning the upstream tender floated by Punjab State Power Corporation to set up 250 MW/500 MWh standalone battery storage projects.

Infrastructure debt fund IL&FS Mutual Fund committed an investment of ₹1.25 billion (~$13.63 million) in Hero Solar Energy, part of renewable energy developer Hero Future Energies, to refinance its debt and support the expansion of its renewable projects. Hero Solar Energy will issue secured debentures to IL&FS to facilitate the deployment of long-term capital. IL&FS said it has committed nearly ₹15 billion (~$163.64 million) to renewable energy investments across India.

The Karnataka government announced a new feeder-level solarization program, Mukhya Mantri Saura Krishi Yojane, under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan Component C. Under this program, the government aims to establish 3 GW of feeder-level solarization projects at Karnataka Power Transmission Corporation’s substations under the renewable energy service company model, with an outlay of ₹105 billion (~$1.14 billion).

U.S.-based smart energy storage company Stem reported a revenue of $47.2 million in the fourth quarter (Q4) of 2025, a year-over-year (YoY) decline of 15.4% from $55.8 million. Net profit stood at a negative $16 million, improving 68.7% YoY from a negative $51.1 million. Adjusted earnings before interest, taxes, depreciation, and amortization rose 31% to $5.5 million from $4.2 million in Q4 2024.

Hydrogen fuel cell solutions provider Plug Power reported a revenue of $225.2 million in Q4 of FY 2025, up 17.6% YoY. Revenue exceeded analysts’ expectations of $217.4 million. The company attributed the growth to higher equipment sales volumes and continued commercial momentum across core markets, while posting a positive gross margin of 2.4% compared to a negative 122.5% in Q4 2024.

U.S.-based electric-vehicle charging solutions company ChargePoint reported revenue of $109.3 million in Q4 of FY 2026, a 7% YoY increase from $101.9 million. The revenue exceeded analysts’ expectations by $4.43 million. The company attributed the growth to investments in product innovation, partnerships, rising market interest, greater utilization, and market consolidation, which have boosted its market share of public ports in North America.