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US ends $7 billion Solar for All program after funding cut
The Trump Administration has cancelled the $7 billion Solar for All grant program for low-income and disadvantaged households. The move follows the One Big Beautiful Bill Act, which removed the Greenhouse Gas Reduction Fund that had authorised the program. On August 8, EPA Administrator Lee Zeldin said the agency no longer had statutory authority to…
MoP issues draft guidelines for Renewable Energy Implementing Agencies designation
The Ministry of Power (MoP) has released draft guidelines for designating companies as Renewable Energy Implementing Agencies (REIA) to accelerate renewable energy development under the tariff-based competitive bidding (TBCB) framework. REIAs will act as market makers, responsible for conducting renewable energy project bidding, signing power sale agreements with developers, and ensuring payment security for renewable…
Patel Infra and EnerGrid win SJVN’s 375 MW battery storage auction in UP
SJVN Limited has announced the results of its standalone battery energy storage systems (BESS) auction in Uttar Pradesh. The 375 MW/1,500 MWh tender has been awarded to Patel Infrastructure and Enerica Infra 3 (EnerGrid). Patel Infrastructure secured 187.5 MW/750 MWh at a tariff of Rs 359,000 per MW per month. EnerGrid matched the capacity with…
PFC, MECON sign MoU for green energy collaboration
Power Finance Corporation Limited (PFC) has signed a Memorandum of Understanding (MoU) with MECON Limited to enhance cooperation across infrastructure and energy projects. The agreement places emphasis on emerging segments such as green hydrogen, energy storage, and renewable energy integration. The MoU was formalised in the presence of senior officials from both organisations. Attendees included…
MoP phases local content norms for LCC-HVDC substations to 2035
The Ministry of Power (MoP) has revised Minimum Local Content (MLC) requirements for Line Commutated Converter (LCC)-type High Voltage Direct Current (HVDC) substations, replacing the earlier flat 60% mandate with a phased schedule extending to 2035. The order, dated April 30, 2026, amends a 2021 notification issued under the Public Procurement (Preference to Make in…
Saatvik Green Energy secures Rs 171.45 crore solar module order
Saatvik Green Energy has received and accepted an order worth Rs 171.45 crore for the supply of solar photovoltaic (PV) modules, according to a regulatory filing dated May 26, 2026. The order has been awarded by a domestic independent power producer (IPP) or engineering, procurement and construction (EPC) company. The company did not disclose the…
