Power Sector News Roundup for November 26, 2025

India

ACME Solar signs PPA with SECI for 200 MW solar ESS project

ACME Solar’s subsidiary has signed a 200 MW solar and storage PPA with SECI at a tariff of Rs 3.42 per kWh. The PPA will run for 25 years and aims to supply power during solar and peak hours. It completes ACME’s 350 MW award from July 2024. The company now has PPAs covering 5.38 GW with 2,934 MW operational and 4,456 MW under construction.

VRPL to acquire full equity in Refex Engineering Products

VRPL plans to buy all shares of REPPL, which currently has no turnover and offers civil engineering services. The deal will bring wind related activities under VRPL to improve efficiency. REPPL will become a step down subsidiary of Refex Industries. VRPL recently secured a contract to supply wind turbine equipment in Gujarat.

India Energy Stack taskforce reviews strategy and architecture

The taskforce examined early strategy and architecture drafts for a national digital platform for the power sector. Members discussed governance, interoperability and plans for a unified digital backbone. REC leads the effort with FSR Global as Knowledge Partner. Officials said the inputs will guide the move toward a pilot phase and support better data flows, DISCOM operations and renewable integration.

Sembcorp weighs IPO for India renewable arm

Sembcorp is considering an IPO for Sembcorp Green Infra within eight to nine months. The plan is at an early stage and follows a withdrawn attempt in 2019. The move aligns with strong IPO activity in India and Sembcorp’s shift toward clean energy after exiting thermal assets.

GUVNL issues tender for 625 MW solar capacity with greenshoe option

GUVNL has invited bids for 625 MW of solar capacity with the option to procure another 625 MW. Eligible projects include those operating without long term PPAs or under construction. The tender requires earnest money and performance guarantees, and will result in 25 year PPAs. Bids are due on December 15.

India’s solar module exports drop amid U.S. tariffs and scrutiny

Exports fell sharply in September due to U.S. tariffs and import checks, dropping to 80 million dollars. The trend raises fears of oversupply since domestic demand remains far below requirements for 2030 targets. India’s manufacturing capacity continues to expand, which may push weaker module assemblers toward consolidation. Integrated manufacturers are expected to manage the shift better.

Global

ADB approves loan for Indonesia clean energy transition

ADB has approved a major loan to support Indonesia’s renewable expansion, grid upgrades and institutional reforms. The program targets 1,800 MW of new capacity and aims to draw significant private investment. It is expected to cut emissions by 2.5 million tonnes annually. A separate 2.3 billion dollar investment by Aslan Energy will create a large clean energy and industrial hub in Karimun.