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IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand
Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1) of FY 2026-27, registering a 15.9% year-on-year increase. The growth was driven by higher electricity demand during a hotter-than-normal summer, with India’s peak power demand touching a record 270.8 GW in May 2026. Q1 performance India’s energy consumption reached…
esVolta secures $110m tax equity investment for 300MWh energy storage facility
esVolta has obtained a $110 million tax equity investment from Greenprint Capital Management to fund its 300 MWh Hummingbird battery energy storage project in San Jose, California. Set for completion in 2025, the project will provide Pacific Gas & Electric with resource adequacy capacity under a long-term contract and deliver fast-response energy and ancillary services…
Ayana Renewables to raise Rs 1.5 billion via non-convertible debentures
Ayana Renewable Power Private Limited has approved a plan to raise Rs 1.5 billion through the issuance of 1,500 non-convertible debentures at an issue price of Rs 1 million each. The debentures will be subscribed by Infrastructure Leasing and Financial Services Limited (IL&FS) Mutual Fund and will have a tenure of three years from the…
Supreme Court exempts power sector regulators’ fees from GST
The Supreme Court has upheld a Delhi High Court ruling that exempts key regulatory fees charged by electricity commissions from Goods and Services Tax (GST). These include fees for granting distribution licences, regulating electricity supply, and other annual charges collected by the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC). This…
PSERC approves PSPCL’s procurement of 340 MW FDRE power from SJVN
The Punjab State Electricity Regulatory Commission (PSERC) has approved Punjab State Power Corporation Limited’s (PSPCL) procurement of 340 MW of Firm and Dispatchable Renewable Energy (FDRE) power from SJVN Limited. The approval covers 140 MW from Ganeko One Energy Private Limited and 200 MW from Avaada Energy Private Limited. The projects were awarded under SJVN’s…
Cabinet clears Rs 50,000 crore boost for agriculture and renewable energy
The Union Cabinet has approved a major funding push across agriculture and renewable energy, with a combined outlay exceeding Rs 50,000 crore. The approval covers three flagship initiatives, including the Prime Minister Dhan-Dhaanya Krishi Yojana, and aims to improve productivity in 100 low-performing districts while enabling infrastructure that supports clean energy adoption. Under the scheme,…
