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Solarworld Energy’s PAT rises 56% in FY26 as BESS and solar EPC scale up

Solarworld Energy Solutions reported strong growth in revenue and profitability for the quarter and financial year ended March 31, 2026, supported by higher execution in its solar engineering, procurement and construction (EPC) business and expansion...

Order book at Rs 3,498 crore: Diamond Power eyes long-term power sector upcycle

Diamond Power Infrastructure reported strong growth in revenue and profitability for the quarter and financial year ended March 31, 2026, supported by demand from power infrastructure, renewable energy, transmission, distribution and data centre...

CERC proposes third DSM amendment covering wind-solar parity, storage and payment timelines

The Central Electricity Regulatory Commission (CERC) has issued a draft amendment to the Deviation Settlement Mechanism (DSM) and Related Matters Regulations, 2024, proposing changes related to wind-solar (WS) projects, standalone energy storage...

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...

CleanMax secures $575 million financing, commissions Rajasthan solar project

Clean Max Enviro Energy Solutions has announced the closure of approximately $575 million in financing across multiple lenders and the commissioning of a 351.4 MWp solar project in Rajasthan. The financing package includes External Commercial...

MNRE proposes relief package for 45 GW stranded RE capacity

The Ministry of New and Renewable Energy has circulated a draft Office Memorandum proposing a one-time relief package to address delays in signing Power Purchase Agreements (PPAs) for nearly 45 GW of renewable energy (RE) projects that have already...

H.G. Infra qualifies for UP transmission project bidding

H.G. Infra Engineering has been declared a qualified bidder by REC Power Development and Consultancy Limited for a transmission project in Uttar Pradesh under a tariff-based competitive bidding process. The project involves the construction of a...

KEC International secures Rs 1,303 crore orders across businesses

KEC International has secured new orders worth Rs 1,303 crore across its transmission and distribution (T&D), civil, renewables, and cables businesses, the company announced. The company is part of RPG Group. In the T&D segment, KEC...

JAKEDA awards 45.75 MW rooftop solar projects in J&K

The Jammu and Kashmir Energy Development Agency (JAKEDA) has awarded 45.75 MW of grid-connected rooftop solar capacity across multiple government departments in Jammu and Kashmir. The projects were allocated under the Renewable Energy Service Company...

Universal Cables Q4 profit rises 11%; approves Rs 73 crore EHV upgrade

Universal Cables Ltd reported an 11.33% year-on-year (YoY) increase in consolidated net profit for the fourth quarter of FY26, while its board approved a Rs 73 crore modernisation plan for its extra high voltage (EHV) cable facility and a Rs 200...

Jupiter Electric Mobility signs MoUs for 110 MWh BESS deployments

Jupiter Electric Mobility Pvt. Ltd. (JEM), a subsidiary of Jupiter Wagons Limited (JWL), has signed Memoranda of Understanding (MoUs) with renewable energy developers Chalukya Power and Pickrenew Energy for battery energy storage system (BESS)...

BluPine Energy signs PPA with KEI Industries for Rajasthan hybrid project

BluPine Energy has signed a Power Purchase Agreement (PPA) with KEI Industries Limited for renewable energy supply from a hybrid solar and battery energy storage system (BESS) project being developed in Rajasthan. The contracted capacity will form...

Ladakh extends ONGC pact for India’s first geothermal power project

Ladakh Lieutenant Governor Vinai Kumar Saxena has approved a five-year extension of the agreement for the proposed geothermal power project in the Puga Valley, enabling continued development of what is expected to become India’s first geothermal...

UP allots land for Rs 5,000 crore solar manufacturing projects in YEIDA

Uttar Pradesh Chief Minister Yogi Adityanath has handed over allotment letters to two companies for solar photovoltaic (PV) cell and module manufacturing projects in the Yamuna Expressway Industrial Development Authority (YEIDA) region, involving a...

ACME Solar signs PPA with SECI for 300 MW FDRE project

ACME Solar Holdings Limited, through its wholly owned subsidiary ACME Renewtech Sixth Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW Firm and Dispatchable...

India now has the world’s largest single-location battery storage project outside China

Adani Green Energy Limited (AGEL) has commissioned a cumulative 3.37 GWh battery energy storage system (BESS) at Khavda, Gujarat, which the company said is the world’s largest single-location battery storage deployment outside China. The latest phase...

NTPC Q4 profit rises 51%; expands BESS and renewable pipeline

NTPC Limited reported higher standalone profit for the fourth quarter and full financial year ended March 31, 2026, while outlining an aggressive expansion strategy across battery energy storage systems (BESS), pumped storage projects (PSPs), and...

JSW Steel, Bharatia and Carbon Iceland sign MoU for green methanol project

JSW Steel Limited, Bharatia, and Carbon Iceland International have signed a strategic Memorandum of Understanding (MoU) to jointly explore the development of a large-scale green methanol (eMethanol) project in India. The agreement was signed during...

UPERC eases compliance norms for green energy open access projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued a “Removal of Difficulty” order under its Open Access Regulations, introducing changes aimed at reducing costs and simplifying compliance requirements for green energy open access...

MNRE rules out blanket ALMM deadline extension, sets up case-by-case exemption route

The Ministry of New and Renewable Energy (MNRE) has decided not to grant a blanket extension to the June 1, 2026 deadline for mandatory sourcing of solar photovoltaic (PV) cells from the Approved List of Models and Manufacturers (ALMM) List-II...

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Power Sector News Roundup for June 12, 2026

Hitachi Energy India to invest Rs 2,000 crore in Gujarat transformer plant Hitachi Energy India...

Hitachi Energy India to invest Rs 2,000 crore in Gujarat transformer plant

Hitachi Energy India Limited has announced an investment of around Rs 2,000 crore to establish a new...

JSW Energy commissions 150 MW Tidong hydro project

JSW Energy Limited, through its wholly owned subsidiary JSW Neo Energy Limited, has commissioned the...

RECPDCL transfers Jalna transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited...

POWERGRID wins Kakinada green hydrogen transmission project

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for...

ACME Solar commissions additional BESS capacity in Rajasthan

ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Sun Power Private...

Prozeal wins Rs 2,000 crore ONGC wind power contract

Prozeal Green Energy Limited has received a Notification of Award (NOA) from Oil and Natural Gas...

NTPC commissions additional 50 MW solar capacity in Rajasthan

NTPC Limited has declared commercial operation of an additional 50 MW solar capacity under a larger...

India yet to commission offshore wind despite 70 GW potential

India has yet to commission any offshore wind capacity despite an estimated 70 GW of technical...

China builds first integrated offshore solar, hydrogen and storage system

A coastal energy project combining 400 MW of offshore solar generation with on-site hydrogen...