⚡ Quick Read What happened: The Central Electricity Authority projects India’s peak power demand will reach 459 GW by 2036, while CERC has adopted tariffs for 1,500 MW of NTPC solar projects and 1,670 MW of NHPC solar projects. Why it matters: The massive capacity expansion and regulatory tariff adoption provide clear price discovery benchmarks…
⚡ Quick Read What happened: Arevon Energy secured $920 million for a 1.2 GWh BESS project in California, while rPlus Energies raised $650 million for its 520 MW Blacks Creek Energy Center in Idaho. Why it matters: These large-scale capital inflows demonstrate robust investor appetite for long-duration storage and hybrid projects, signaling a global trend…
⚡ Quick Read What happened: India added 547 MWh of battery storage in 2025, reaching a cumulative capacity of 1,082 MWh, a 26% YoY increase. Why it matters: Developers are increasingly integrating storage to mitigate deviation settlement penalties and meet evolving DISCOM requirements for renewable energy. Watch: Future growth hinges on addressing the 18% GST…
⚡ Quick Read What happened: The CERC has officially adopted a tariff of ₹2.45/kWh for SECI’s 1,200 MW solar capacity under the CPSU program, rejecting SECI’s request for a higher ₹2.57/kWh rate. Why it matters: The ruling reinforces the sanctity of competitive bidding processes and sets a precedent for how ‘change-in-law’ claims regarding GST must…
⚡ Quick Read What happened: LG Electronics India signed 25-year PPAs for 20.8 MWp of solar capacity with Hinduja Renewables and Sunsure Energy to power its Pune and Greater Noida manufacturing plants. Why it matters: The deal highlights the growing trend of corporate PPA adoption by large-scale manufacturing firms to meet sustainability targets and reduce…
⚡ Quick Read What happened: Researchers at LMU Munich developed a perovskite solar cell that maintains 84% efficiency after extreme thermal cycling between -80 C and 80 C, reaching a peak efficiency of 26%. Why it matters: This breakthrough addresses the mechanical stress and delamination issues that have historically hindered the commercial viability and long-term…
⚡ Quick Read What happened: A 50:50 joint venture between BPCL and Sembcorp has won a contract to supply 10,000 tonnes per annum (10ktpa) of green hydrogen to Numaligarh Refinery Ltd (NRL) in Assam. Why it matters: This project signals a major shift for Indian oil refineries toward decarbonization, creating significant demand for electrolyser technology,…
⚡ Quick Read What happened: Waaree Energies has approved a INR 3,900 crore investment to establish a 2,500 tonnes per day (tpd) solar glass manufacturing plant via its subsidiary, Indosolar. Why it matters: This vertical integration reduces dependency on imported solar glass, potentially lowering supply chain risks and costs for Indian solar module manufacturers. Watch:…
⚡ Quick Read What happened: ACME Solar Holdings has commissioned 155 MW/470.25 MWh of battery energy storage systems (BESS) in Rajasthan, bringing its total operational storage capacity to 951.74 MWh. Why it matters: These merchant-operated projects demonstrate a viable business model for BESS by leveraging peak and off-peak price differentials to enhance grid stability. Watch:…
⚡ Quick Read What happened: The CERC has officially adopted tariffs of ₹2.68 and ₹2.69/kWh for 1,500 MW of ISTS-connected solar projects procured by NTPC. Why it matters: This approval provides regulatory certainty for major developers like Avaada and Apraava, validating the current competitive price benchmarks for large-scale solar. Watch: The execution of Power Purchase…