Maharashtra’s revised Multi-Year Tariff (MYT) order has reset the rules for commercial and industrial solar in the Maharashtra State Electricity Distribution Company territory. With banking restricted to the same Time of Day slot, the Internal Rate of Return for existing solar projects will take a sharp hit, as the post-investment savings assumptions are altered.

India’s solar market is gradually transitioning from a phase primarily driven by capacity additions to one increasingly centered on execution readiness and system integration. Demand continues to rise across rooftop, commercial and industrial, distributed solar, and utility-scale projects. However, developers are now required to plan more comprehensively for storage integration, inverter availability, land readiness, grid connectivity, mounting structure quality, and domestic supply chain reliability.

The Central Electricity Regulatory Commission (CERC) approved Indian Energy Exchange’s proposal to revise its green contracts to align with the Ministry of Power’s updated renewable consumption obligation framework, replacing the earlier solar, non-solar, and hydro categories with wind, hydro, distributed renewable energy, and other renewable energy.

The Appellate Tribunal for Electricity rejected two interim applications filed by Bangalore Electricity Supply Company seeking a stay of the Karnataka Electricity Regulatory Commission’s orders condoning delays by renewable energy developers in commissioning solar projects.

CERC proposed changes to the framework governing deviation settlement, infirm power injection, and payment timelines. The draft CERC (DSM and Related Matters) (Third Amendment) Regulations, 2026, revise definitions linked to the weighted average Area Clearing Price, introduce new deviation charge treatment for wind-solar sellers, specify deviation charges for storage systems, including pumped hydro storage projects, and modify the timeline for payment of deviation charges.

The Karnataka High Court held that solar inverters will qualify for a concessional 5% Goods and Services Tax rate as they are parts of solar power-generating systems. It quashed the order of the Karnataka Department of Commercial Tax, classifying them as general electrical devices taxable at 18%.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) issued clarifications for the provisions on metering, application fees, and registration fees for green energy open access (GEOA) consumers. UPERC said it had received representations on provisions related to metering, application fees, and registration fees for GEOA transactions.

The Telangana Renewable Energy Development Corporation invited bids to install and commission solar projects of 19 MW capacity at 18 substations across nine districts under CAPEX mode. The last date to submit bids is June 10, 2026. Bids will be opened on the same day. The successful bidder will also be responsible for the project’s operation and maintenance for five years.

The Haryana State Agriculture Marketing Board invited bids for the supply, installation, testing, and commissioning of 1,737 kW rooftop solar power systems across office buildings and pre-engineered building sheds at various markets under the jurisdiction of the Electrical Division, Panchkula. Bids must be submitted by June 3, 2026. They will be opened on the same day.

Mumbai-based engineering, procurement, and construction company, KEC International, secured multiple orders totaling ₹13.03 billion (~$136.15 million) across various business verticals. KEC has secured orders for transmission and distribution projects across India and the Americas. These include orders for 400/220 kV substations and associated transmission lines from a private developer in southern India.

Mumbai-headquartered renewable energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) announced that it secured nearly $575 million to expand its solar and wind projects in India. The financing will support large-scale, Central Transmission Utility-connected renewable energy projects across Rajasthan and Karnataka. The projects will aggregate nearly 1 GW of renewable energy capacity and serve corporate and industrial customers, including large technology companies.

Uttar Pradesh-based renewable energy company Solarworld Energy Solutions reported consolidated revenue from operations of ₹5.92 billion (~$61.94 million) in the fourth quarter of the financial year 2026, up 236% compared to ₹1.76 billion (~$18.42 million) a year earlier. Quarterly consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 347% to ₹732.83 million (~$7.67 million) from ₹164.09 million (~$1.72 million). EBITDA margin improved to 12.1% from 9.2%.

Bankinter Investment and Plenium Partners have secured €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV. Helia Renovables IV was launched in 2020 by Bankinter Investment, an alternative investment arm of the Spanish financial group Bankinter, and Plenium Partners, an investment company focused on power and sustainable infrastructure in Europe, with €290 million (~$337.4 million) in committed capital from investors for renewable energy investments.

SolarAfrica, an independent renewable power producer, signed an agreement to acquire the 315 MW Nyakallo solar and battery storage project in Limpopo, South Africa, from Norsk Renewables, a Norwegian renewable energy project developer. The companies said they will continue to develop the project toward financial close and construction.