Power Sector News Roundup for November 4, 2025

India

93 GW renewable backlog triggers government action on unsigned PPAs and PSAs

The Ministry of Power has instructed Renewable Energy Implementing Agencies (REIAs) to close or cancel pending renewable energy bids and Letters of Award (LoAs) by November 30, 2025, where Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) cannot be signed. The move follows a review chaired by Secretary (Power) Pankaj Agarwal on October 17, 2025. Since FY 2023-24, REIAs have tendered 93 GW, but only 23 GW have signed PPAs or PSAs, leaving 42 GW unresolved. The ministry has permitted REIAs to execute PPAs independently and ordered discontinuation of the “Green Shoe Option.” Penalty recoveries will now go directly to state discoms, and SECI may pilot a renewable project under a Bilateral Contract Settlement mechanism.

Lubi Electronics appoints Suraj Dhruv as Business Head

Lubi Electronics has appointed Suraj Dhruv as Business Head to lead growth, profitability, and expansion into renewable energy. Based in Ahmedabad, he will oversee diversification into solar, solar-wind hybrid, green hydrogen, and battery storage projects. He has over a decade of leadership experience with Prozeal Green Energy, Matrix Gas and Renewables, Jio-bp, and Adani Total Gas. His appointment supports Lubi Group’s plan to strengthen its clean energy portfolio.

REC sanctions Rs 7,500 crore for Brookfield’s hybrid project

REC Limited has sanctioned Rs 7,500 crore in financing for a 1.04 GW hybrid renewable project by Brookfield Asset Management in Kurnool, Andhra Pradesh. The Evren platform, jointly formed by Brookfield and Axis Energy, will develop 640 MW of wind and 400 MW of solar capacity with total investment of Rs 9,910 crore. The project, classified as Firm and Dispatchable Renewable Energy (FDRE), marks REC’s largest funding for a private developer. Evren plans over 3 GW of capacity in Andhra Pradesh and a national pipeline of around 11 GW. Brookfield holds 51.49 percent in Evren.

PGCIL profit dips 6%; GE Vernova, Hitachi post strong growth

Power Grid Corporation of India Ltd reported a 6 percent drop in quarterly net profit to Rs 3,566 crore, while revenue rose 1.8 percent to Rs 11,476 crore. EBITDA fell 6.1 percent to Rs 9,114 crore, reducing the margin to 79.4 percent. GE Vernova T&D’s profit more than doubled to Rs 299.5 crore, with revenue up 39 percent and EBITDA up 94 percent. Hitachi Energy India’s net profit rose nearly five times to Rs 264.36 crore, supported by an 18 percent rise in revenue to Rs 1,832.55 crore.

Germany and India renew clean energy partnership

Germany and India have renewed their clean energy cooperation, marking 25 years of their strategic partnership. Parliamentary State Secretary Johann Saathoff opened the German Pavilion at the Renewable Energy India Expo 2025 and participated in an Indo-German CEO Roundtable on solar energy. Discussions covered solar manufacturing, technology exchange, and investments under the Green and Sustainable Development Partnership. Saathoff also visited the Agri-Photovoltaic project at IARI, describing it as a model for food and energy security.

Adani Solar emerges as India’s top global solar exporter

Adani Solar has achieved total module shipments of over 15,000 MW, including 10,000 MW in India and 5,000 MW exports. The company said it is the first Indian manufacturer to reach this scale, representing about 28 million modules. Around 70 percent were produced using domestic solar cells under the Make in India initiative. Adani operates one of India’s largest integrated solar manufacturing facilities and plans further capacity expansion to support export and domestic growth.

Rajasthan cancels over 100 Kusum-A solar projects

Rajasthan has cancelled more than 100 Kusum-A solar projects after developers failed to sign PPAs. Most cancellations occurred in Jaipur and Jodhpur districts, following tariff withdrawals that made projects unviable. The state plans to re-auction the projects under revised terms. Rajasthan Renewable Energy Corporation Ltd has also paused rooftop solar tenders on government buildings after irregularities under the hybrid annuity model and is preparing a revised framework.

Dharan Infra signs Rs 215 crore deal for solar project in Maharashtra

Dharan Infra-EPC Ltd’s subsidiary, Dharan Infra Solar Pvt Ltd, has signed a Rs 215 crore deal with Skymax Infrapower to develop a 75 MW solar project in Maharashtra. The project will be built across nine sites in Nanded district and completed between 2025-26 and 2026-27. The company also holds solar EPC contracts worth Rs 262.10 crore for feeder solarisation projects across several districts in Uttar Pradesh.

CSIR-SERC unveils hybrid floating platform for wind and solar

CSIR-Structural Engineering Research Centre in Chennai has designed a hybrid floating platform that integrates wind turbines and solar panels for offshore and inland deployment. The structure combines horizontal and vertical-axis turbines with solar PV panels to maximise output. The platform’s flexible configuration allows it to endure wave movement without damage. Laboratory and numerical tests confirmed its performance, and the institute said it can help expand renewable capacity on water surfaces.

Global

RWE begins construction of Germany’s largest battery storage facility

RWE has begun building a 400 MW, 700 MWh battery energy storage facility at its former Gundremmingen nuclear site in Bavaria. The €230 million project will use existing grid infrastructure to stabilise renewable generation and includes plans for a 55-hectare solar park. The facility will host about 850,000 lithium-iron phosphate cells and over 100 ultra-fast inverters. Commercial operations are scheduled for early 2028, enabling continuous 400 MW supply for nearly two hours. RWE said the project reflects its plan to repurpose former nuclear sites for clean energy.