ACME Solar commissions additional BESS capacity in Rajasthan ACME Solar Holdings Limited has commissioned additional Battery Energy Storage System (BESS) capacity at two projects in Rajasthan through its wholly owned subsidiaries. Both milestones were achieved on May 11, 2026, with commercial operations scheduled to begin from May 13, 2026. ACME Sun Power Private Limited commissioned…
Supreme Court rules Railways liable to pay open access surcharges The Supreme Court of India has dismissed Indian Railways’ appeal and upheld the Appellate Tribunal for Electricity (APTEL) ruling that the national transporter is not a deemed distribution licensee under the Electricity Act, 2003. The Court held that Indian Railways remains liable to pay Cross-Subsidy…
MNRE issues solar module warranty SOP for PM Surya Ghar, PM KUSUM The Ministry of New and Renewable Energy (MNRE) has issued a Standard Operating Procedure (SOP) for warranty management and claims settlement of solar photovoltaic (PV) modules installed under distributed renewable energy programmes, including PM Surya Ghar: Muft Bijli Yojana and PM KUSUM. The…
CERC proposes capacity market framework to ensure resource adequacy The Central Electricity Regulatory Commission (CERC) has released a staff paper proposing a capacity market framework for India’s electricity sector to ensure resource adequacy, improve availability during system stress, and shift dispatch and pricing towards market-based mechanisms. The paper outlines three market design options, including a…
Bhutan, World Bank sign $515 million deal for Dorjilung hydro project The Royal Government of Bhutan and the World Bank have signed financing agreements worth $515 million for the 1,125 MW Dorjilung Hydroelectric Power Project on the Kurichhu River. The project, with an estimated total cost of $1.7 billion, will be Bhutan’s largest hydropower project…
ADB launches $70 billion grid and digital connectivity plan Asian Development Bank (ADB) has launched energy and digital infrastructure initiatives worth $70 billion to be implemented by 2035. The programme allocates $50 billion for the Pan-Asia Power Grid and $20 billion for the Asia-Pacific Digital Highway. It targets integration of about 20 GW of renewable…
Maharashtra clears Rs 12,303 crore MAGESTIC clean energy programme The Maharashtra government has approved a Rs 12,303 crore programme to expand renewable energy and grid infrastructure. The MAGESTIC initiative targets increasing renewable energy share from 17% to 50% by 2030 and includes 40 new substations, transmission upgrades, and high-efficiency conductors. It plans 16,000 MWh of…
Waaree Energies FY26 profit doubles; plans Rs 10,000 crore raise Waaree Energies Limited reported consolidated revenue from operations of Rs 26,536.77 Crores for FY26, up 83.72%, with Profit After Tax rising 101.45% to Rs 3,884.15 Crores. Operating EBITDA increased 117.10% to Rs 5,908.64 Crores, while Q4 revenue stood at Rs 8,480.25 Crores with PAT of…
REC reports highest-ever annual profit of Rs 16,282 crore REC Limited reported its highest-ever standalone net profit of Rs 16,282 crore for the financial year ended March 31, 2026, up from Rs 15,713 crore in FY25. The loan book reached Rs 5.84 lakh crore, with the renewable energy portfolio growing 30% year-on-year to Rs 75,347…
PSPCL awards 500 MW solar capacity in national auction Punjab State Power Corporation Limited (PSPCL) has announced the outcome of its auction to procure 500 MW of solar power on a long-term basis. SAEL Industries secured 250 MW at Rs 3.05 per kWh. Waaree Forever Energies and JLTM Energy India were awarded 100 MW and…