Renewable Energy

Regulatory Updates

CERC proposes phased shift in deviation settlement for wind and solar generators
By September 11, 2025September 11, 2025

The Central Electricity Regulatory Commission (CERC) has issued a draft order proposing changes to the way deviations for wind and solar generators are calculated under the Deviation Settlement Mechanism (DSM). The new approach will come into effect from April 1, 2026. The DSM Regulations, 2024, notified last year, already provide for a reduction in tolerance bands. For solar and hybrid projects, the permissible deviation will move from ±10 percent to ±5 percent, and for wind…

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News | Finance | India

ACME Solar secures SBI funding for 400 MW FDRE project
By September 11, 2025October 28, 2025

ACME Venus Urja Private Limited, a subsidiary of ACME Solar Holdings Limited, has arranged long-term financing of Rs 3,892 crore from State Bank of India for a 400 MW firm and dispatchable renewable energy project in Barmer, Rajasthan. The loan will be repaid over 19 years. The project marks ACME’s largest financing support from SBI and also represents the bank’s first funding for ACME’s FDRE portfolio. The plant is contracted to supply power to NHPC…

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Italy faces delays in meeting 2030 emission targets
By September 10, 2025September 10, 2025

Italy may struggle to achieve its carbon reduction goals because of delays in renewable energy deployment and energy storage projects, according to a Reuters report citing a study by Edison and TEHA Group. The country could require up to ten additional years to develop the necessary green infrastructure. The study highlights that streamlined permitting, investment certainty, and effective energy cost management are critical for Italy to stay on track. It also notes that integrating hydropower…

Read More Italy faces delays in meeting 2030 emission targets
News | India | Renewable Energy

India cancels grid access for 17GW of delayed clean energy projects
By September 10, 2025October 28, 2025

India has revoked transmission access for around 17 gigawatts (GW) of renewable energy projects that have experienced delays, according to Reuters. The decision aims to prioritise grid connections for projects that are operational or close to completion. The Central Transmission Utility of India (CTUIL), a state-run entity, issued notices to several developers, including Adani Green Energy, ReNew Power, NTPC, Avaada Group, JSW Energy, and ACME Solar. Affected projects are located in states with significant renewable…

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News | Finance | India

GREW Solar raises Rs 3 billion from investors
By September 10, 2025October 28, 2025

GREW Solar has raised Rs 3 billion from a group of investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company will direct the capital towards product development, technology upgrades, and business expansion. GREW Solar operates as the renewable energy subsidiary of the India-based Chiripal Group and manufactures solar photovoltaic (PV) modules. Established in 2022, the company has expanded its production capacity and is pursuing large-scale projects. By 2025, the company’s operational module…

Read More GREW Solar raises Rs 3 billion from investors
News | India | Renewable Energy

ACME Solar places 2 GWh battery storage order with Lishen
By September 9, 2025October 28, 2025

ACME Solar has placed an order for 2 gigawatt-hours (GWh) of battery energy storage systems (BESS) with Chuzhou Lishen New Energy Technology Co. Ltd. The order was routed through POSCO International Corporation and China FAW Group Import and Export Co. Ltd. According to ACME Solar, deliveries will take place in phases over the next six to ten months. The systems will be deployed across the company’s firm and dispatchable renewable energy (FDRE) projects as well…

Read More ACME Solar places 2 GWh battery storage order with Lishen
News | India | Renewable Energy

NTPC signs 300 MW solar PPA with Engie and service pact with EIL
By September 9, 2025October 28, 2025

Engie India has signed a power purchase agreement with NTPC Limited for the supply of 300 MW of solar power. The project was awarded through a competitive bidding process conducted by REC Power Development and Consultancy for 1,250 MW of inter-state transmission system-connected solar projects under Tranche I. Engie secured the capacity at a tariff of Rs 2.55 per kWh. Separately, NTPC has signed a memorandum of agreement with Engineers India Limited (EIL) to collaborate…

Read More NTPC signs 300 MW solar PPA with Engie and service pact with EIL
News | Finance | India

IEX electricity trade rises 18.9% in August 2025
By September 8, 2025October 29, 2025

Indian Energy Exchange (IEX) traded 11,803 million units (MU) of electricity in August 2025, up 18.9 per cent year-on-year. The month also saw 21.68 lakh Renewable Energy Certificates (RECs) traded. National energy use stood at 150.47 billion units, 4.4 per cent higher than last year. Prices declined with better supply liquidity. The Day-Ahead Market averaged Rs 4.00 per unit, down 7 per cent, while the Real-Time Market averaged Rs 3.38 per unit, down 6 per…

Read More IEX electricity trade rises 18.9% in August 2025
India | News | Renewable Energy

Adani Green adds 87.5 MW capacity at Khavda
By September 8, 2025October 29, 2025

Adani Green Energy Limited (AGEL), through its stepdown subsidiaries, has brought 87.5 megawatts of power projects into operation at Khavda, Gujarat. With these additions, AGEL’s total operational renewable generation capacity has reached 16,078 megawatts. The projects received necessary clearances on September 7, 2025, the decision was made to declare them commercially operational from September 8, 2025.

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Global | News

US states advance renewables despite setbacks
By September 5, 2025September 5, 2025

US states and companies are continuing renewable energy efforts despite federal policy rollbacks under President Donald Trump, according to a Climate Council report. China, meanwhile, is emerging as a global clean energy leader. California, powered two-thirds by clean energy, remains a national climate leader, while Texas is the top US wind producer. Across the country, 84% of companies maintain climate commitments, with 37% increasing targets. China has cut emissions in the first half of 2025…

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