Daily News Wrap-Up: Mercom India to Host Sixth Edition of Renewables Summit

Vikran Engineering bags 505 MW solar projects from Carbonminus Maharashtra One

November 12, 2025

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Mercom India’s flagship Renewables Summit returns for its sixth edition on July 9–10, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar. Each year, the Summit convenes policymakers, industry leaders, investors, and technology providers to discuss ways to translate policy ambition into tangible outcomes. The 2026 Summit advances that mission with a fresh agenda designed to drive execution and scale.

Maharashtra-based Vikran Engineering received a letter of award worth ₹16.4 billion (~$185.32 million) from Carbonminus Maharashtra One for the engineering, procurement and construction of 505 MW ground-mounted solar projects in Maharashtra. The contract to Vikran Engineering is part of a tender floated by Maharashtra State Electricity Distribution Company for the procurement of power on a long-term basis from 1,052 MW of grid-connected solar projects to be set up on lands of the Water Resources Department of Maharashtra for lift irrigation programs. The tender was floated in March 2024.

The Uttarakhand Electricity Regulatory Commission directed the Uttarakhand Power Corporation to initiate termination of power purchase agreements for 12 solar power projects that have not made any progress or statutory clearances are pending. The case involved the scheduled commercial operation dates of several renewable energy projects that had been delayed due to land and forest clearance, as well as other statutory bottlenecks.

Kerala Electrical and Allied Engineering Company issued a tender to set up 137 MW of rooftop or ground-mounted, grid-connected solar projects at government buildings across Andhra Pradesh. The solar systems will range from 1 kW to 5 MW. Bids must be submitted by November 26, 2025. Bids will be opened on November 27. The scope of work entails the design, engineering, supply, installation, testing, synchronization, and commissioning of the solar projects. It also entails providing operation and maintenance services for 25 years.

The Adani Group announced its entry into the battery energy storage system (BESS) sector with a 1,126 MW/3,530 MWh project at the Khavda Renewable Energy Park in Gujarat. The project, which is in the advanced stage of deployment, is expected to be commissioned by March 2026. The BESS will be able to supply 1,126 MW of power into the grid for around three hours. The project will entail the deployment of more than 700 BESS containers. The BESS will play a critical role in easing peak load pressures, reducing transmission congestion, and mitigating solar curtailment. It will also improve grid stability by ensuring round-the-clock availability of renewable power.

Independent power producer JSW Energy commissioned a green hydrogen production plant at the JSW Steel facility in Karnataka’s Vijayanagar. The plant will supply 3,800 tons per annum (TPA) of green hydrogen and 30,000 TPA of green oxygen to JSW Steel for low-carbon steel production under a seven-year offtake agreement. This commissioning is part of the company’s 6,800 TPA allocation under the Solar Energy Corporation of India’s Strategic Interventions for Green Hydrogen Transition program. JSW has also signed a memorandum of understanding with JSW Steel to progressively supply between 85,000 TPA and 90,000 TPA of green hydrogen and 720,000 TPA of green oxygen by 2030.

NTPC Green Energy, a wholly owned subsidiary of NTPC, issued unsecured non-convertible debentures of ₹15 billion (~$169.47 million) through private placement at a coupon of 7.01% per annum for a 10-year and one-day tenor, maturing on November 12, 2035. The debenture issue was approved by the company’s board of directors on April 29, 2025. This is the first debenture issue after the board’s approval.

Australia’s government is introducing a new regulated electricity offer called Solar Sharer, mandating solar electricity retailers to offer free electricity to households for a minimum of three hours in the middle of the day during peak generation. The government is introducing this offer in July 2026 as part of its retail energy market reforms through the Default Market Offer (DMO). DMO is a maximum price cap on electricity for customers in some regions of Australia who are on a standard or standing offer. The offer will initially be available to all households in DMO-regulated states, including New South Wales, South East Queensland, and South Australia.

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