The Union Cabinet approved the specification or revision of the royalty rates for caesium, graphite, rubidium, and zirconium to promote the auction of blocks containing these minerals, which are used in renewable energy technologies. The royalty rates now range from 1% to 4% of the minerals’ average selling prices. Recently, royalty rates of most critical minerals were specified at a range of 2% to 4%. Graphite, caesium, rubidium, and zirconium are critical for energy transition technologies and advanced technology applications.

Independent power producer Juniper Green Energy‘s subsidiary, Juniper Green BESS Delta, signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a 50 MW wind project in Gujarat. The project is expected to be commissioned by November 6, 2027. In April 2025, Juniper won the 50 MW capacity under GUVNL’s auction (Phase IX) to set up 250 MW grid-connected wind power projects with a greenshoe option of 250 MW in Gujarat. Juniper quoted a tariff of ₹3.65 (~$0.0427)/kWh. The tender was floated in January 2025. Juniper Green Energy is a part of the AT Capital Group, a globally diversified investment group based in Singapore.

The National Capital Region Transport Corporation implemented an innovative ‘Solar on Track’ project at the Namo Bharat Depot in Duhai, Ghaziabad, where solar panels have been installed on the tracks. This is a first-of-its-kind initiative in any regional rapid transit or metro system in India. The pilot installation has been executed on the pit wheel track at the Namo Bharat Depot. It features 28 solar panels of 550 W each, with a total plant capacity of 15.4 kW spread over 70 m of track length. This initiative is expected to generate about 17,500 kWh of energy annually.

Chemical products manufacturer BASF India will procure 28,860 MWh of renewable power from a 12.21 MW hybrid wind-solar captive project to be developed jointly with Clean Max Amalfi, a special purpose vehicle of CleanMax, in Jamnagar district, Gujarat. The project will comprise 6.6 MVA of wind and 5.61 MWp of solar capacity. The project is expected to be operational in 2026. BASF will also procure green attributes, along with renewable power, for its manufacturing sites located in Dahej and Panoli, Gujarat.

Solar module manufacturer Waaree Energies received an order to supply 360 MW of modules from an undisclosed customer who develops, owns, and operates utility-scale solar and energy storage projects. Waaree will supply the solar modules within the financial year 2026. Waaree Energies’ manufacturing capacity comprises 18.7 GW of solar modules and 5.4 GW of solar cells. It has an order book of approximately 24 GW, worth approximately ₹470 billion (~$5.35 billion). In October this year, Waaree Energies secured separate orders to supply 220 MW, 210 MW, and 140 MW of solar modules from undisclosed customers engaged in owning, developing, and operating renewable power projects in India.

Noida-based wind energy solutions company, Inox Wind, secured orders for a total capacity of 100 MW of Inox Wind’s 3.3 MW wind turbines from a green energy transition platform. The wind turbines will be deployed in projects in Gujarat. Inox will also provide limited-scope engineering, procurement, and construction, as well as multi-year operation and maintenance services after the commissioning of the wind projects. Sanjeev Agarwal, CEO at Inox Wind, said that this order follows up on Inox Wind’s recent 229 MW wins from existing and new customers, taking its total order inflow in the financial year 2026 to an estimated 400 MW.

Electric vehicle (EV) charging platform, ACS Energy, raised ₹11 million (~$124,149) in a pre-seed round from Inflection Point Ventures. The funding will be utilized to deploy over 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat using its smart AC chargers and ACS pay platforms. It will also be used to develop advanced energy management systems for high-rise buildings. The ACS Energy system utilizes AI to manage loads and ensure payments are fast and transparent. ACS Energy aims to bring smarter power distribution and load balancing for efficient energy usage in urban spaces.

Waaree Energy Storage Systems, the battery energy storage arm of Waaree Energies, raised ₹3.25 billion (~$36.65 million) as part of a ₹10 billion (~$112.78 million) funding round led by investment firm Niveshaay. Niveshaay invested ₹1.28 billion (~$14.44 million) in the round through its Category II Niveshaay Sambhav Fund, Category III Niveshaay Hedgehogs Fund, and the newly launched dedicated collective investment vehicles Niveshaay WESS Fund. Other participants in the round include Vivek Jain, Managing Director of Action Tesa and GrowthSphere, and Saket Agarwal, former Director at Apollo Pipes and Apollo Tricoat.

Bengaluru-based solar and cell module manufacturer, Emmvee Photovoltaic Power’s ₹30 billion (~$350.12 million) initial public offering (IPO) was subscribed 0.97 times at the end of the bidding window on November 13, 2025. The IPO saw bids for 75 million shares out of the 77 million shares on offer. Qualified institutional buyers led the demand with a subscription rate of 1.26, followed by retail individual investors at 1.1 and non-institutional investors at 0.3. The company’s shares were trading at a nil grey market premium.