MNRE clears confusion over ALMM cell rules for rooftop solar The Ministry of New and Renewable Energy (MNRE) has issued an Office Memorandum dated August 4, 2026 clarifying the applicability of Approved List of Models & Manufacturers (ALMM) List-II for solar PV cells across utility-scale, rooftop, net-metering and captive solar projects. The clarification defines applicability…
Powerica signs PPA with GUVNL for 100 MW wind project Powerica Limited has signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 100 MW wind power project in Gujarat. The project will be developed at a tariff of Rs 3.435/kWh under a 25-year PPA with a stipulated execution…
Diamond Power raises Rs 1,614 crore through institutional placement Diamond Power Infrastructure Limited (DIACABS) has raised Rs 1,613.97 crore through a Qualified Institutional Placement (QIP), issuing 7,11,00,000 equity shares to domestic and international institutional investors. The QIP opened on July 23, 2026, and closed on July 28, 2026, with shares allotted at Rs 227 per…
MNRE rescinds March 2024 order on ALMM implementation timeline The Ministry of New and Renewable Energy (MNRE) has rescinded with immediate effect its Office Memorandum (O.M.) No. 283/16/2023-GRID SOLAR dated March 29, 2024, which had clarified the implementation timeline for the Approved List of Models & Manufacturers (ALMM) requirement for solar PV modules. Renewable power…
Gurdeep Singh gets six-month extension as NTPC CMD from August 1 The Ministry of Power has extended Shri Gurdeep Singh’s tenure as Chairman & Managing Director (CMD) of NTPC Limited for six months from August 1, 2026. His current tenure was scheduled to end on July 31, 2026. The extension, approved by the President of…
Why Gujarat’s Kandla hydrogen transmission plan fell through The National Committee on Transmission (NCT) has recommended de-notification of the 3 GW transmission scheme planned to supply electricity to green hydrogen and green ammonia manufacturing projects in the Kandla area of Gujarat. All General Network Access (GNA) applications previously received for the area have been withdrawn,…
Rayzon, Navitas partner with Caelux for 10 GW tandem solar modules Rayzon Solar and Navitas Solar have separately entered five-year partnerships with U.S.-based perovskite technology company Caelux for a combined 10 GW of perovskite-silicon tandem solar module manufacturing in India. Each agreement covers 5 GW, with commercial production targeted to begin in 2028. The companies…
ACME Solar commissions 2.29 GWh BESS capacity in FY27 to date ACME Solar Holdings Limited has commissioned approximately 2.29 GWh of Battery Energy Storage System (BESS) capacity during the current financial year to date, taking its total operational storage capacity to approximately 3.62 GWh across three project sites in Rajasthan. The company said the latest…
Midwest Energy starts commercial production at 1.2 GWh BESS facility Midwest Energy Limited has started commercial production at its Battery Energy Storage System (BESS) manufacturing facility in Bengaluru. The facility has an annual manufacturing capacity of 1.2 GWh and serves commercial, industrial, renewable energy and utility-scale applications. It currently operates at 1 GWh annual production…
TARIL posts Rs 572 crore Q1 revenue, order inflows jump 218% Transformers and Rectifiers (India) Limited (TARIL) reported consolidated revenue from operations of Rs 572.34 crore for the quarter ended June 30, 2026, up 8% year-on-year. Consolidated PAT stood at Rs 64.34 crore and EBITDA at Rs 109.65 crore, with an EBITDA margin of 19.16%….