CERC to hold hearing on value of X for wind and solar deviations
Author: PPD Team Date: November 24, 2025
Author: PPD Team Date: November 24, 2025
CERC will hold an online public hearing on December 3, 2025, to finalize the value of X used to calculate deviation percentages for wind and solar sellers under the Deviation Settlement Mechanism and Related Matters Regulations, 2024. The new framework will apply from April 1, 2026.
The hearing follows a consultation launched on September 10, 2025. Stakeholders were first asked to submit comments by October 5, 2025. After requests for more time, CERC extended the deadline to October 17, 2025, through a notice issued on October 1, 2025.
The oral proceedings will begin at 14:30 hours on December 3 via video conference. CERC has invited government bodies, load despatch centres, utilities, CPSUs, generators, transmission and distribution licensees, power exchanges, RE developers, associations, NGOs, IPPs, financial institutions, and consultants.
The value of X decided through this process will determine how deviations from scheduled generation are assessed for wind and solar projects in the next financial year.
Author: PPD Team Date: February 25, 2026 Kalpataru Projects International Limited has signed an agreement to acquire the remaining 35 % stake in its Saudi Arabian joint venture, Kalpataru IBN Omairah Company Limited (KIOCL), from its local partner. The transaction, executed on February 23, 2026, will result in KIOCL becoming a wholly owned subsidiary of the company. The company entered into a Share Sale, Exit, and Release Agreement with Bin Omairah Contracting Company Limited to…
Author: PPD Team Date: August 6, 2025 The Standing Linkage Committee (Long-Term) for the power sector has recommended earmarking coal linkage for the 660 MW Ennore Thermal Power Station (ETPS) expansion project in Chennai, under the revised Shakti Policy 2025. The recommendation follows a request by Tamil Nadu Power Generation Corporation Ltd (TNPGCL) to revive the stranded project through a tariff-based competitive bidding process. The ETPS expansion is a brownfield, non-pithead plant based entirely on…
Author: PPD Team Date: February 20, 2026 Two companies under the INOXGFL Group have been declared successful bidders to acquire the Independent Power Producer (IPP) and Operations & Maintenance (O&M) businesses of Wind World India Limited. The transactions were executed through a consortium led by Inox Neo Energies and were finalised after approval from the Committee of Creditors (CoC) under the Corporate Insolvency Resolution Process (CIRP) overseen by the National Company Law Tribunal (NCLT). Under…
Author: PPD Team Date: September 29, 2025 Alpex Solar Limited has raised about Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The company said the funds will be directed toward scaling up its module manufacturing capacity and progressing toward integrated solar cell and module production. The preferential issue drew interest from several institutional investors and funds, including some with existing exposure to the renewable energy sector. Alpex Solar plans to…
Author: PPD Team Date: December 8, 2025 JK Cement Limited has expanded its investment in O2 Renewable Energy V Private Limited with a further 12.21 per cent equity purchase for about Rs 0.05 billion. The transaction lifts its total shareholding in the O2 Power SPV to 28.97 per cent. The company bought 46,45,658 shares from JSW Neo Energy Limited at Rs 11.18 per share. The higher stake strengthens JK Cement Limited’s renewable energy portfolio and…
Author: PPD Team Date: December 26, 2024 Nozomi Energy, a Japanese renewable energy company and an Actis subsidiary, has acquired a portfolio of 12 operational solar projects, totalling 312 MW. These projects, which range from 1 MW to over 60 MW, are backed by Feed-In-Tariff (FIT) contracts that extend at least until 2040, providing stable and predictable cash flows for the company. Nine of the projects are located in Japan’s Kanto region, while the remaining…