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Global | News

China revises export VAT rebates for solar and battery products
By January 12, 2026January 12, 2026

The Ministry of Finance and the General Administration of Taxation of China have announced changes to the export value added tax (VAT) rebate policy for photovoltaic (PV) and battery products. Under the revised framework, export VAT rebates will be withdrawn for a range of PV products from 01 April 2026. For battery products, the export VAT rebate rate will be reduced from 9% to 6% from the same date and will be fully eliminated from…

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Global | News

U.S. withdraws from ISA and key clean energy groups
By January 12, 2026January 12, 2026

The United States has announced its withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC) and more than 60 international treaties and organisations, stating that these memberships no longer align with U.S. interests. The exit covers several major climate and energy institutions. These include the UNFCCC, the 1992 treaty that underpins global climate cooperation, the Intergovernmental Panel on Climate Change (IPCC), the International Renewable Energy Agency (IRENA), and the International Solar Alliance (ISA),…

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India | Electric Mobility | News

India begins trials of first hydrogen powered train
By January 12, 2026January 12, 2026

India has commenced trial runs of its first hydrogen-powered train, a significant step toward cleaner rail transport. The testing is being conducted by the Research Designs & Standards Organisation (RDSO) on the Jind-Sonipat section of Northern Railway. The train, developed by the Integral Coach Factory in Chennai, is undergoing oscillation tests and Emergency Brake Distance trials as part of a comprehensive evaluation. According to Northern Railway officials, the trials are now underway. While an official…

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India | Electric Mobility | News

Ashok Leyland opens UP’s first electric bus manufacturing facility
By January 12, 2026January 12, 2026

Defence Minister Rajnath Singh inaugurated Hinduja Group flagship Ashok Leyland’s integrated electric vehicle manufacturing plant in Lucknow, marking a major expansion of the company’s electric and alternative fuel vehicle production capacity. The plant, located in Sarojini Nagar, was inaugurated in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and Union Heavy Industries Minister H D Kumaraswamy. It is the first dedicated electric bus manufacturing facility in the state. Developed over around 16 months on…

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India | Electric Mobility | News

Draft battery Aadhaar guidelines released for lifecycle traceability
By January 12, 2026January 12, 2026

India has taken a step towards creating a unified digital identification and traceability framework for batteries with the release of draft Guidelines for Implementation of Battery Pack Aadhaar System. The draft has been prepared by a committee constituted by the Ministry of Road Transport and Highways (MoRTH) and proposes a standardised digital record for tracking batteries across their entire lifecycle. The proposed Battery Pack Aadhaar (BPAN) is designed as a unique digital identity for battery…

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India | News | T&D

REC transfers two Maharashtra transmission SPVs
By January 12, 2026January 12, 2026

REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding in two project-specific special purpose vehicles (SPVs), Velgaon Power Transmission Limited and Jejuri Hinjewadi Power Transmission Limited, to successful bidders selected through a tariff-based competitive bidding (TBCB) process. The divestments were completed through separate Share Purchase Agreements signed on 9 January 2026. Jejuri Hinjewadi Power Transmission Limited was acquired by The Tata Power Company Limited, while Velgaon Power Transmission Limited was acquired by…

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India | Generation | News

NTPC, MAHAGENCO sign SHA for Sinnar Thermal acquisition
By January 12, 2026January 12, 2026

NTPC Limited has informed the stock exchanges that it signed a Shareholder Agreement (SHA) with Maharashtra State Power Generation Company Limited (MAHAGENCO) on 9 January 2026. The agreement formalises the consortium arrangement for the acquisition of Sinnar Thermal Power Limited (STPL), which is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The acquisition follows approval of the consortium’s resolution plan by the Hon’ble National Company Law Tribunal (NCLT), Delhi,…

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India | News | Renewable Energy

Saatvik subsidiaries secure Rs 35 crore in new solar orders
By January 12, 2026January 12, 2026

Saatvik Green Energy Limited has informed the stock exchanges that its subsidiaries have received and accepted two new domestic orders covering engineering, procurement, and construction services and solar module supply. In the first order, the company’s wholly owned subsidiary, Saatvik Cleantech EPC Private Limited, has secured a turnkey engineering, procurement, and construction (EPC) contract valued at Rs 20.84 crore. A domestic solar developer has awarded the order and covers design, engineering, procurement, supply, testing, and…

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India | News | T&D

Advait Energy Transitions emerges L1 bidder for two power projects
By January 12, 2026January 12, 2026

Advait Energy Transitions Limited (formerly Advait Infratech Limited) has the stock exchanges that it has emerged as the lowest bidder in two separate competitive tenders. The company received confirmations for both projects on 8 January 2026. Under the first project, awarded by Paschim Gujarat Vij Company Limited (PGVCL), Advait Energy has received bid confirmation for works under the Revamped Distribution Sector Scheme (RDSS). The contract involves the supply, installation, testing, and commissioning of 11 kV…

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India | News | Renewable Energy

Waaree Energies receives 105 MW solar module order
By January 12, 2026January 12, 2026

Waaree Energies Limited has reported the receipt of a new domestic supply order for solar modules. The company received the order on 8 January 2026 from a domestic customer engaged in owning, developing, and operating renewable power projects in India. The order involves the one time supply of 105 MW of solar modules. Waaree Energies stated that the supply is scheduled to be completed within the Financial Year 2025-26. The company has clarified that the…

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