⚡ 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…
⚡ Quick Read What happened: The CERC has approved tariffs between ₹2.43/kWh and ₹2.47/kWh for NHPC’s 1,670 MW ISTS-connected solar projects, including a 500 MW greenshoe allocation. Why it matters: The approval validates the use of greenshoe options in competitive bidding, setting a precedent for scaling capacity at the lowest discovered tariff. Watch: Future regulatory…
⚡ Quick Read What happened: The CEA’s National Generation Adequacy Plan projects India’s peak power demand to reach 459 GW by 2035-36, with total installed capacity expanding to 1,121 GW. Why it matters: Developers and EPCs must prepare for a massive shift in the energy mix, where solar accounts for 45% of capacity and storage…