Daily News Wrap-Up: Center Extends NTPC, NLC Investment Cap in Subsidiaries

SECI announces 8 GW of renewable energy unsold capacity

July 18, 2025

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In a major push for clean energy, the government allowed two central public sector enterprises to invest up to ₹270 billion (~$3.14 billion) in their renewable energy subsidiaries. The decision by the Cabinet Committee on Economic Affairs (CCEA) is expected to facilitate the acceleration of India’s renewable energy project development and ensure investments in reliable, round-the-clock electricity across the country. The CCEA authorized NTPC to invest up to ₹200 billion (~$2.32 billion) in its renewable energy subsidiaries, NTPC Green Energy and NTPC Renewable Energy, as well as other joint ventures. The earlier investment cap was ₹75 billion (~$873.38 million).

Nearly 8 GW of renewable energy capacity, comprising solar, wind-solar hybrid, solar with battery energy storage systems, round-the-clock, and firm and dispatchable renewable energy, is stranded for want of offtakers, according to the latest list of unsold power released by the Solar Energy Corporation of India (SECI). The total capacity lying unsold was 7,966 MW, SECI said. Hedging by distribution companies to sign power sale agreements with SECI in light of the trend of falling tariffs is among the reasons for the large capacities of stranded power.

As India works toward its goal of generating 50% of its electricity from renewable sources and achieving 500 GW of non-fossil fuel capacity by 2030, the focus is shifting increasingly to domestic solar manufacturing. Developing a robust, self-reliant supply chain for solar modules and cells has become a critical priority, not only for meeting deployment goals but also for reducing import dependence and enhancing energy security. While India’s manufacturing capabilities are expanding, it still has a long way to go to meet the rising demand. A high-level panel discussion on “Domestic Cell and Module Production: Meeting Demand, Competing on Quality and Price” at Mercom India’s fifth Renewables Summit, taking place on July 24–25, 2025, at the Hyatt Regency, New Delhi, will address these issues.

The Delhi Government notified the first amendment to the Delhi Solar Energy Policy 2023, increasing the state capital subsidy for residential rooftop solar systems. The revised subsidy now stands at ₹10,000 (~$116.28)/kW, capped at ₹30,000 (~$348.84) for systems with a capacity of up to 3 kW. In the draft Delhi Solar Energy Policy, 2023, the Delhi government offered a state capital subsidy of ₹2,000 (~$23.26)/kW with a cap of ₹10,000 (~$116.28)/consumer. The amendment also introduces a new capital subsidy for group housing societies and resident welfare associations. A subsidy of ₹2,000 (~$23.26)/kW will now be provided for solar capacity installed for common facilities, including electric vehicle charging infrastructure, up to 500 kW. This 500 kW cap includes both common facilities and rooftop solar systems installed by individual households within the society.

Noida-based wind energy solutions company Inox Wind’s board of directors approved raising ₹12.5 billion (~$145.16 million) through the issuance of equity shares worth ₹10 (~$0.12) per share to its existing shareholders. The timing and other terms of the rights issue are yet to be decided. Inox Wind is part of the Inox GFL Group. The company operates four wind turbine generator production plants in Gujarat and Madhya Pradesh, with a total manufacturing capacity of 1.5 GW. The company provides infrastructure services encompassing the complete lifecycle of wind projects.

Germany added 3 GW of solar capacity in the second quarter (Q2) of 2025, a 12% year-over-year drop from 3.4 GW, according to data from the Federal Network Agency (Bundesnetzagentur). Mercom reported that Germany installed 3.8 GW of solar power in Q1 2025, but the Federal Network Agency later revised this figure to 4.1 GW. The country’s cumulative solar capacity reached 107.4 GW with the recent addition. Germany added 977.8 MW of solar capacity in April, 1,145.8 MW in May, and 904.6 MW in June. The country recorded the lowest monthly installations in June this year.

Bundesnetzagentur awarded 255 MW of solar projects on buildings and noise barriers in its latest tender round. Out of the 127 bids received for a total capacity of 274 MW in response to the tendered capacity of 283 MW, the agency awarded contracts to 118 bids with a combined capacity of 255 MW. The awarded tariffs ranged from €0.069 (~$0.0745)/kWh to €0.1038 (~$0.1121)/kWh. The volume-weighted average award value came in at €0.0922 (~$0.0996)/kWh, which is marginally higher than the average of €0.091 (~$0.0983)/kWh in the previous tender round. The ceiling price for this round was €0.104 (~$0.1123)/kWh, marking a notable increase compared to previous limits.

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