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News | India

India crosses 100 GW solar module manufacturing capacity under ALMM
By August 14, 2025August 13, 2025

India has reached 100 GW of solar photovoltaic (PV) module manufacturing capacity registered under the Approved List of Models and Manufacturers (ALMM) for Solar PV Modules. Union Minister for New and Renewable Energy Pralhad Joshi said the increase was enabled by policy measures such as the Production Linked Incentive (PLI) Scheme for high-efficiency solar modules. He noted that this capacity growth supports India’s goal of 500 GW of non-fossil fuel capacity by 2030. The ALMM…

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Analysis | Features

India projects 0.9% energy surplus but 1.2% peak deficit in 2025-26
By May 23, 2025May 23, 2025

The Central Electricity Authority (CEA) has released the Load Generation Balance Report (LGBR) for 2025-26, projecting a modest all-India energy surplus of 0.9% and a peak power deficit of 1.2%. The LGBR draws on inputs from Regional Power Committees (RPCs), generation utilities, and system operators. Overview of anticipated demand and supply CEA estimates gross electricity generation at 2,000 billion units (BU) for 2025-26, comprising 1,725 BU from conventional sources, including imports from Bhutan, and 275 BU…

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Regulatory Updates

Regulatory Developments in Power Trading Sector: May 19, 2025
By May 19, 2025May 19, 2025

CERC grants Category V trading licence to Visan Infrastructure The Central Electricity Regulatory Commission (CERC) has approved a Category V interstate electricity trading licence for Visan Infrastructure Private Limited (VIPL), allowing it to trade electricity across India. The order follows VIPL’s compliance with regulatory norms on financial capacity and technical expertise. Under the Trading Licence Regulations, 2020, Category V licensees require a net worth of Rs 20 million and a liquidity ratio of at…

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India | News

Fortum exits India’s renewable energy market
By April 28, 2025April 28, 2025

Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio includes a 206 MW solar-wind hybrid project…

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India | News

Ministry of Coal introduces incentives to boost underground coal mining
By April 25, 2025April 25, 2025

The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for underground coal blocks continues to…

Read More Ministry of Coal introduces incentives to boost underground coal mining
India | News

MNRE reports record 29.52 GW renewable capacity addition in FY 2024–25
By April 11, 2025April 11, 2025

The Ministry of New and Renewable Energy (MNRE) has reported strong progress in India’s clean energy sector for the Financial Year 2024–25. A record 29.52 GW of renewable energy capacity was added during the year, taking the total installed renewable capacity to 220.10 GW as of 31 March 2025. Solar energy was the main driver of this increase, with 23.83 GW added in FY 2024–25. This is a notable jump from the 15.03 GW added…

Read More MNRE reports record 29.52 GW renewable capacity addition in FY 2024–25
India | News

US grants approval for Holtec to transfer SMR technology to India
By April 1, 2025April 1, 2025

The United States Department of Energy (DOE) has granted Holtec International a critical regulatory approval to transfer small modular reactor (SMR) technology to India. The authorization, issued on March 26, 2025, allows Holtec to share unclassified SMR technology with three Indian firms: Holtec Asia, Tata Consulting Engineers Limited (TCE), and Larsen & Toubro Limited (L&T). The approval is valid for 10 years, with a review at the five-year mark. Conditions for technology transfer The approval…

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India | News

India approves offset mechanism for carbon market
By March 31, 2025March 31, 2025

India has approved the Detailed Procedure for the Offset Mechanism and eight methodologies under the Indian Carbon Market (ICM). This enables voluntary participation in carbon trading and supports projects that reduce or remove greenhouse gas emissions. The government had notified The Carbon Credit Trading Scheme, 2023, in June last year, establishing the National Steering Committee for Indian Carbon Market (NSCICM). An amendment in December 2023 introduced an Offset Mechanism, allowing non-obligated entities to participate in…

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India | News

Actis acquires Stride Climate’s 371 MW solar portfolio in India
By March 31, 2025March 31, 2025

Actis, a global investor in sustainable infrastructure, has acquired the entire operating portfolio of Stride Climate Investments, consisting of 371 MW (414 MWp) of solar power projects in India. The deal was finalized with Macquarie Asset Management, which previously managed the portfolio. The portfolio includes 21 solar projects spread across seven states, with a significant concentration in Gujarat. These projects operate under long-term pay-as-produce power purchase agreements with a diverse set of off-takers, including central…

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India | News

TPG to acquire majority stake in Siemens Gamesa’s wind business in India
By March 28, 2025March 28, 2025

TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s climate-focused investing platform. This deal marks the first investment under TPG’s Global South Initiative, a private equity strategy launched with ALTÉRRA to scale climate solutions. MAVCO Investments will also take a significant minority stake, while Siemens Gamesa…

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