India’s leading source for power sector news and analysis.

Juniper Green Energy Limited has entered a power purchase agreement (PPA) with Tata Power for a 70 MW firm and dispatchable renewable energy (FDRE) project through its subsidiary, Juniper Green Sigma Eight. The project, based in Maharashtra, will include 180 MWp of combined solar and wind capacity, paired with a 280 MWh battery energy storage system. Power supply from the project is expected to begin on September 22, 2027. Ankush Malik, CEO of Juniper Green Energy, said the...

Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Mandsaur I RE Transmission Limited (MIRETL), a special purpose vehicle for the transmission project titled “Augmentation of transformation capacity and implementation of line bays at Mandsaur substation for RE interconnection” in Madhya Pradesh.  The acquisition, finalised on October 8, 2025, follows POWERGRID’s selection as the successful bidder under the Tariff Based Competitive Bidding (TBCB) process. The scheme, estimated at Rs 319 crore by...

The Ministry of New and Renewable Energy (MNRE) has issued a detailed payment release procedure for the Utility Led Aggregation (ULA) model under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY).  The Office Memorandum dated October 6, 2025, specifies that Central Financial Assistance (CFA) will be disbursed only after verification of installation and commissioning, with no advance payments allowed. Under the new process, the State, Utility, or Implementing Agency must first issue a work...

Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) has concluded the auction for its 1000 MW/2,000 MWh standalone Battery Energy Storage System (BESS) project.  The tariff-based competitive bidding attracted multiple developers, with the lowest tariff discovered at Rs 1.775 lakh per MW per month and the highest at Rs 1.785 lakh. Eleven winners were selected in the auction. Five companies quoting the lowest tariff became L1 bidders. Stockwell Solar led with 200 MW/400 MWh at Rs...

Adani Green Energy Ltd, led by Indian billionaire Gautam Adani, has secured around $250 million from a consortium of international banks, marking its first foreign currency loan since a US Department of Justice indictment. The funding will be used to refinance existing debt. The credit is being provided by DBS Bank Ltd., DZ Bank, Rabobank, and Bank SinoPac Co Ltd. The loan has a tenor of over five years with an interest rate of roughly...

Maharashtra has rolled out the Swayampurna Maharashtra Residential Roof Top (SMART) Solar Scheme to help low-income households cut their electricity bills. The program focuses on Below Poverty Line (BPL), Scheduled Caste (SC), and Scheduled Tribe (ST) families, while encouraging rooftop solar adoption across the state. Under the scheme, households using less than 100 units a month can install a 1KW solar system, which produces about 120 units monthly. The total cost is around Rs 50,000....

The Central Electricity Authority (CEA) has published two draft regulations for public consultation to modernize India’s power sector. The drafts focus on technical standards for renewable energy and battery storage projects, and a cyber security framework for the sector. Stakeholders can submit comments by November 7, 2025. The proposed Technical Standards (2nd Amendment) set guidelines for solar, floating solar, onshore and offshore wind, and battery energy storage systems (BESS). Key requirements include equipment ratings for...

The Ministry of Coal has launched the Namchik-Namphuk coal block in Arunachal Pradesh, marking the state’s first commercial coal mine.  The block holds reserves of 15 million tonnes and is expected to generate over Rs 1 billion in annual revenue. Initially allocated in 2003, the block was revived through a transparent auction in 2022. The mine is expected to support regional development, create employment opportunities, and strengthen India’s energy security. Both leaders highlighted its potential...

Deon Energy Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise Rs 1.5 billion through an initial public offering. The issue comprises a fresh sale of equity shares with a face value of Rs 10 each. The company plans to use about Rs 1 billion from the proceeds for long-term working capital needs, while the rest will go toward general corporate purposes. Smart Horizon Capital Advisors...

PVV Infra Limited has won two solar power projects with a total investment of Rs 7.99 billion in Uttar Pradesh.  Its subsidiary PVV EVTech has signed a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency for a 100 MW solar project across Baghpat and Moradabad districts. The project, developed with Nacof Oorja, will cost about Rs 3.84 billion and is expected to generate annual revenue of around Rs 0.53...

Corporate purchasers are increasingly driving renewable energy development in the US, according to a report commissioned by the Clean Energy Buyers Association (CEBA). The study found that without voluntary commitments from companies to buy renewable power, many projects would face financing hurdles, limiting the ability to meet growing electricity demand. Virtual power purchase agreements (VPPAs), which allow companies to secure long-term contracts for future electricity at fixed prices, are critical to project financing. Lenders often...

KEC International Ltd., an RPG Group infrastructure EPC company, has won new orders worth Rs 1,102 crore across its businesses. In the civil segment, KEC secured a contract for civil and structural works for a 150 MW thermal power plant in India. Its Transmission & Distribution (T&D) business received orders for towers, hardware, and poles in the Americas and the Middle East. The Cables & Conductors segment won supply contracts for various cables and conductors...

Indian Energy Exchange (IEX) recorded electricity traded volume of 35,217 MU (excluding TRAS) in Q2 FY26, up 16.1% year-on-year. TRAS volumes rose to 603 MU from 16.9 MU in Q2 FY25. Renewable Energy Certificate (REC) trading declined 30% to 44.22 lakh during the quarter. Higher supply from hydro, wind, and coal-based generation increased market liquidity, resulting in lower prices. The Day-Ahead Market (DAM) cleared at Rs 3.93/unit, down 12.5% year-on-year, while the Real-Time Market (RTM)...

The Ministry of Mines has released implementation guidelines for a Rs 15 billion incentive scheme approved by the Union Cabinet to promote critical mineral recycling. The scheme, part of the National Critical Mineral Mission, aims to build domestic capacity to extract critical minerals from secondary sources. Eligible feedstocks include e-waste, spent lithium-ion batteries, and other scrap materials. Both new and existing units involved in actual mineral extraction, rather than just black mass production, can receive...

Mitsubishi Heavy Industries (MHI) has launched a study to prepare a master plan for facilities and logistics to export green hydrogen and ammonia from India.  The project is part of Japan’s Ministry of Economy, Trade, and Industry’s Global South Future-Oriented Co-Creation programme for FY2023 and is being carried out with India’s Hygenco Green Energies. The study will assess production, utilisation, and transport of green hydrogen and ammonia under real environmental conditions. MHI will also integrate...

Hero Future Energies (HFE), through its special purpose vehicle Clean Renewable Energy Hybrid Three Private Limited, has raised Rs 1,908 crore in funding from the State Bank of India (SBI) and Canara Bank to develop a 120 MW hybrid renewable energy project in Kurnool, Andhra Pradesh. The project, contracted with SJVN, will integrate wind, solar, and storage systems to deliver reliable peak power. The loan carries a repayment period of 21 years. In September 2025,...