Daily News Wrap-Up: Winners of NHPC’s 1.2 GW Solar Plus Storage Auction

MERC’s move to restrict power banking may lead to a drop in solar capacity additions

July 16, 2025

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Reliance Infrastructure, JBM Renewables, PNC Infratech, SAEL Industries, and Navayuga Engineering Company won NHPC’s 1.2 GW auction (Tranche-XI) to set up interstate transmission system-connected solar power projects with 600 MW/2,400 MWh energy storage systems. Reliance Infrastructure won 390 MW, JBM Renewables won 150 MW, PNC Infratech won 300 MW, and SAEL Industries won 300 MW at a tariff of ₹3.13 (~$0.0365)/kWh. Navayuga Engineering Company won 60 MW of the 200 MW quoted capacity under the bucket filling method at a tariff of ₹3.13 (~$0.0365)/kWh.

Solar project developers fear a significant drop in capacity additions among Maharashtra’s prosumers because of the Maharashtra Electricity Regulatory Commission’s (MERC) proposal to impose energy banking restrictions. The MERC tariff order has come under severe criticism from solar project developers as the energy banking rules can effectively reduce the savings generated from a solar project and disincentivize solar adoption for the Maharashtra State Electricity Distribution Company consumers.

Driven by the need to reduce power costs and meet sustainability targets, an increasing number of companies in the commercial and industrial sector are adopting rooftop solar solutions. With clean energy usage becoming increasingly imperative for many businesses due to the savings on power bills and meeting their sustainability objectives, rooftop solar is a preferred choice for going green. Mumbai-based HP Adhesives, a company specializing in adhesives and sealants, has recently installed a 392.7 kW rooftop solar system at its manufacturing facility in Narangi Village in Maharashtra’s Raigad district to reduce its electricity bills.

The fifth edition of Mercom India’s two-day flagship event, the Mercom India Renewables Summit, will feature engaging conversations about the growth and future of renewable energy in the country. The Summit will be held on July 24-25, 2025, at the Hyatt Regency in New Delhi. The unprecedented growth of renewable energy is built on the foundation of evolving technology. There have been significant developments in innovation and adoption of solar module and cell technologies, solar trackers, and floating solar projects. The use of the Internet of Things and Artificial Intelligence is also gaining traction in the renewable energy industry.

The Ministry of New and Renewable Energy has issued the second call for Research and Development (R&D) proposals under the National Green Hydrogen Mission. The R&D program aims to accelerate the development of indigenous and cost-effective green hydrogen technologies across the production, storage, transportation, and utilization segments. Proposals must align with objectives focused on enhancing the affordability, safety, efficiency, and scalability of green hydrogen production, as well as its storage, transportation, and utilization. They must also promote collaborative research and development between academia, industry, and government institutions.

Bihar set a target to install a cumulative 23.9 GW of renewable energy capacity, including 22 GW of solar, and 6 GWh of energy storage by the end of the financial year (FY) 2030, according to the Bihar Policy for Promotion of New and Renewable Energy Sources 2025. Renewable energy projects commissioned until FY 2030 will be eligible for incentives for 25 years or the lifespan of the power project, whichever is earlier. The state will also establish a single-window cell to expedite the projects’ time-bound approval.

Mumbai-based power infrastructure manufacturer Bajel Projects will invest ₹1.7 billion (~$19.78 million) in more than doubling its galvanizing capacity at its Ranjangaon facility in Maharashtra. Galvanized steel is widely used in mounting structures and frames for solar panels, as well as in transmission infrastructure. The investment will also be utilized to enhance its production capabilities in transmission towers, monopoles, lighting towers, and high masts. The expansion initiative will increase the output of the facility from over 40,000 metric tons per annum to more than 100,000 MT per annum.

The Andhra Pradesh Electricity Regulatory Commission fixed connection charges for new or additional loads up to 150 kW to streamline electricity connections for small and medium consumers. These charges will only apply when the service location lies within 1 km of an electrified network. The maximum length of the service line must not exceed 1 km. The charges, categorized by type of service, are to be applied during the financial year 2025–26. Consumers whose load exceeds 100 HP, or 75 kW, may choose between LT or HT supply, up to 150 kW. Those who opt for LT supply for loads between 75 kW and 150 kW will be billed at the tariffs specified in the retail supply tariff (RST) orders.

Poland’s Energy Regulatory Office awarded 16 TWh of renewable energy for PLN5 billion (~$1.37 billion) across two auctions held this month. Of the 129 winning bids, 126 were for solar installations and three for wind. Tenders were issued for a capacity of 75.9 TWh with a maximum value of slightly over PLN31 billion (~$8.51 billion). The most competitive auction was for projects above 1 MW, which attracted 73 bidders and 98 bids. Solar dominated this segment with 95 bids. This auction offered 32.25 TWh with a budget of nearly PLN8.9 billion (~$2.22 billion).

Italy’s Ministry of Environment and Energy Security announced it received nearly 1,500 expressions of interest (EoIs) under the country’s FERX decree, a new mechanism to support renewable energy projects utilizing energy sources such as solar and wind. The decree was launched in February this year. The Ministry said that solar energy, with approximately 1,400 EoIs for a total capacity of roughly 17.6 GW, drove the participation. This capacity is over twice the expected 8 GW capacity. Wind power projects received 90 EoIs for an approximate total capacity of 2.9 GW, aligning with the available quota of 2.5 GW.

Global solar inverter shipments increased by 10% in 2024, reaching a total capacity of 589 GW, according to the 2025 edition of Wood Mackenzie’s Global Solar Inverter Market Share report. The Asia Pacific region, including China, India, and Southeast Asia, accounted for 69% of all global shipments. China alone received 330 GW, more than half of the global demand and a 14% increase over 2023. This regional demand largely drove the global market growth. In contrast, the U.S. and Europe witnessed a contraction in inverter shipments. Nine of the top ten inverter vendors worldwide are headquartered in China.

Panasonic Energy, a Panasonic Group company, has announced the opening of its new cylindrical lithium-ion battery factory for electric vehicles (EVs) in De Soto, in the U.S. state of Kansas. The company has also begun mass-producing its 2170 battery cells at the Kansas plant. It aims to achieve an annual production capacity of approximately 32 GWh. The factory is built on roughly 300 acres of land. Panasonic Energy aims to utilize the Kansas facility to increase its U.S.-based production capacity to approximately 73 GWh. The new facility will also help meet the demand from automotive consumers who are increasing their EV production.

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