Sugs Lloyd Limited and Oswal Pumps Limited have announced receipt of Letters of Award (LOAs) from Bihar’s power distribution companies for grid-connected rooftop solar projects under the PM Surya Ghar – Muft Bijli Yojana, with a combined order value exceeding Rs 800 crore. Sugs Lloyd said it has received an LOA from North Bihar Power…
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. However, the ministry has introduced a case-by-case exemption mechanism for eligible net-metering and open-access renewable…
Solfin Sustainable Finance has raised Rs 280 crore in a recently closed funding round and reported profitability within its first full year of operations. The Gurugram-based non-banking financial company (NBFC) focuses on financing rooftop solar, commercial and industrial (C&I) renewable energy projects, solar supply chains, and distributed clean energy systems. The company was founded by…
The Ministry of New and Renewable Energy (MNRE) has released a Standard Operating Procedure (SOP) for warranty management and claims settlement of solar photovoltaic (PV) modules installed under its distributed renewable energy programmes, including PM Surya Ghar: Muft Bijli Yojana and PM KUSUM. Under the new framework, manufacturers are required to provide a minimum 10-year…
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has blacklisted a Prayagraj-based rooftop solar vendor empanelled under the PM Surya Ghar Muft Bijli Yojana, signalling tighter enforcement of the flagship solar scheme in the state. The agency barred the firm and forfeited its bank guarantee of Rs 2.5 lakh following complaints of non-compliance…
Two central government programmes are expanding solar deployment beyond utility-scale projects by promoting generation at the farm and household level. The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) and PM Surya Ghar: Muft Bijli Yojana focus on decentralised solar installations that allow farmers and residential consumers to generate electricity directly at the point…
Oswal Solar Energy Private Limited, a wholly owned subsidiary of Oswal Pumps Limited, has secured an order worth approximately Rs 39.40 crore (including GST) for the installation of 7.46 MWp of grid-connected rooftop solar plants in Andhra Pradesh. The contract has been awarded by M/s Swashakthi Energy for the installation of solar systems for 3,729…
The New and Renewable Energy Development Corporation of Andhra Pradesh has released the allocation results of its 1.2 GW rooftop solar auction under the PM Surya Ghar programme. Twenty two firms secured capacities across several segments. Sree Sai Electronics secured 12.07 MW. VSA Infra Projects secured 13.5 MW. Sunworks Energy secured 13.6 MW. Junna Solar…
The Ministry of New and Renewable Energy (MNRE) has issued a detailed payment release procedure for the Utility Led Aggregation (ULA) model under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY). The Office Memorandum dated October 6, 2025, specifies that Central Financial Assistance (CFA) will be disbursed only after verification of installation and commissioning,…
The Ministry of New and Renewable Energy (MNRE) has issued two office memoranda dated October 6, 2025, revising procedures under the PM-Surya Ghar: Muft Bijli Yojana. The updates focus on the payment mechanism for the Utility Led Aggregation (ULA) model and the structure of the scheme’s awareness committee. Under the new payment rule, Central Financial…