Larsen and Toubro Renewables (L&T) won Bihar State Power Generation Company’s auction for the engineering, procurement, and construction of a 116 MW solar power project integrated with a 241 MWh battery energy storage system (BESS) in Kajra, Lakhisarai district, Bihar. The project’s estimated cost is ₹10.64 billion (~$123.39 million). It must be completed within 18 months. L&T must ensure that it delivers a maximum power of 50.5 MWh for four hours.

India’s renewable energy landscape is undergoing a shift, with standalone, vanilla power projects giving way to hybrid projects that combine energy storage systems to ensure a round-the-clock and firm power supply, as well as grid stability. The sector is also navigating issues related to land acquisition, regulatory hurdles, and a power transmission infrastructure shortage. Speaking with Mercom India, Amit Jain, CEO and Country Manager for India, MD Renewables and Batteries India, and South-East Asia at Engie, discussed how his company is navigating this complex landscape and ensuring timely project completion.

The Meghalaya State Electricity Regulatory Commission notified the “Intra-State Deviation Settlement Mechanism (DSM) and Related Matters Regulations, 2025” applicable across the entire state. The regulations aim to establish a structured commercial framework to manage deviations from the scheduled electricity injections or drawal by grid-connected entities. These rules align with the Central Electricity Regulatory Commission’s DSM Regulations, 2024, and aim to ensure grid reliability, frequency discipline, and equitable penalization of deviation-related imbalances.

The Odisha Electricity Regulatory Commission issued the draft Intrastate Deviation Settlement Mechanism and Related Matters Regulations, 2025, to establish a commercial mechanism to ensure grid users’ adherence to scheduled electricity drawal and injection, and maintain grid security and stability. These regulations will apply to electricity sellers and buyers who use the intrastate transmission or distribution system through open access. The deviation settlement mechanism under these regulations applies to all sellers with an installed generating capacity of 100 kW or more who schedule their power through the state load dispatch center.

The Chhattisgarh State Electricity Regulatory Commission issued the draft Renewable Purchase Obligation (RPO) and REC Framework Implementation (Second Amendment) Regulations, 2025, proposing sweeping changes to the state’s renewable energy procurement norms. The amendments introduce new RPO categories, revised multi-year obligation trajectories, mandatory compliance by captive fossil fuel-based cogeneration users, and an energy storage obligation applicable to all obligated entities. These amendments follow major national policy shifts, including the Ministry of Power’s notifications dated October 20, 2023, and April 16, 2025, as well as the Appellate Tribunal for Electricity judgment in February 2024, which mandated RPO compliance for all captive users, including those using fossil fuel-based cogeneration.

The Kerala State Electricity Regulatory Commission approved a tariff of ₹441,000 (~$5,053)/MW/month for Kerala State Electricity Board‘s (KSEB) 125 MW/500 MWh battery energy storage system project at the Mylatti substation in Kasargod. The Commission adopted the discovered tariff quoted by JSW Neo Energy and approved a trading margin of ₹0.07 (~$0.0008)/kWh to be paid to the Solar Energy Corporation of India (SECI). The Commission also sanctioned the battery energy storage sale agreement signed between the SECI and KSEB. The trading margin must explicitly include the cost of providing payment security to the developer.

Jodhpur Vidyut Vitran Nigam invited price bids for commissioning 8 MW of solar projects along with its associated transmission lines and remote monitoring system under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan. This tender covers four 2 MW projects in Kaliberi, Uchiyara, and Mogra Gumti and is open only to already empaneled bidders. The ceiling tariff is set at ₹3.04 (~$0.0348)/kWh.

Telecommunication Consultants India invited expressions of interest to develop 5 MW rooftop solar power projects on public buildings in the Republic of Mauritius and Rodrigues. The scope of work covers the supply, pre-installation works, installation of the mounting structure and solar modules, cabling works, testing, and commissioning of the projects.

GAIL (India), a central public sector undertaking, and Rajasthan Rajya Vidyut Utpadan Nigam entered a joint venture agreement for the development of large-scale renewable energy projects and the transfer of existing gas-based power assets in Rajasthan. The joint venture company will target developing approximately 750 MW of solar and 250 MW of wind capacity. The renewable energy projects are expected to be bundled with the existing gas-based power output to ensure efficient and complementary power generation. Under the agreement, two gas-based power plants, one of 330 MW capacity at Dholpur and another of 270.5 MW capacity at Ramgarh, will be transferred to the joint venture company.

Independent power producer JSW Energy reported a revenue of ₹54.11 billion (~$620.58 million) in the first quarter (Q1) of the financial year (FY) 2026, an increase of 78% year-over-year (YoY) from ₹30.43 billion (~$349.01 million). The rise in revenue was due to a combination of strategic acquisitions, capacity expansions, and higher generation across the thermal and renewable segments. Over the last 12 months, JSW Energy added more than 3 GW of renewable energy capacity. Renewable energy generation rose by 54% YoY, contributing 4,990 million units (MUs) in Q1 FY 2026 compared to 3,242 MUs in Q1 FY 2025.

Solar module and cell manufacturer Premier Energies reported a net profit of ₹3.08 billion (~$36.94 million) in the Q1 FY 2026, a 55% YoY rise from ₹1.98 billion (~$23.78 million). The company’s income rose 12.03% to ₹18.7 billion (~$224.33 million) from ₹16.68 billion (~$191.4 million) in the same quarter of the previous year.  The company attributed the strong quarterly performance to full-scale operations at its new 1.2 GW tunnel oxide passivated contact cell and 1.4 GW module manufacturing facilities in Hyderabad, which were commissioned in June and May 2025, respectively. Capacity utilization for cell lines stood at 94% while module lines operated at 77%.

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a record quarterly revenue of $15.2 million in Q2 of 2025, a 1,597% increase YoY driven by increased production volumes. However, it still missed analysts’ expectations by $9.71 million. The company reported a loss per share of $0.37, missing the analysts’ estimate by $0.25. It posted an earnings before interest, taxes, depreciation, and amortization loss of $51.6 million compared to a loss of $29.1 million in the corresponding quarter last year. Eos reported a net loss of $222.9 million compared to a net loss of $28.2 million in Q2 2024.