⚡ Quick Read What happened: Uttar Pradesh has achieved 5 GW of installed solar capacity, a 1,150% increase from the 400 MW recorded in 2017. Why it matters: The surge, driven by rooftop solar and large-scale parks, signals a massive shift in the state’s energy landscape, creating significant opportunities for EPC contractors and installers. Watch:…
⚡ Quick Read What happened: ACEN India has secured ₹7.52 billion (~$80.15 million) from MUFG and SMBC to finance a 100 MW wind power project in Bijapur, Karnataka. Why it matters: The project, which has a PPA with SJVN, highlights the continued appetite of international banking institutions for large-scale wind infrastructure in India. Watch: Construction…
⚡ Quick Read What happened: Dalmia Cement (Bharat) has invested ₹44.2 million to acquire a 26.6% stake in Ventora Energy, an SPV of Ultra Mega Power, to source 8.1 MW of captive wind power in Tamil Nadu. Why it matters: This move highlights the growing trend of large industrial consumers utilizing the group captive model…
⚡ Quick Read What happened: The CERC has amended its 2026 tariff regulations to formally include integrated energy storage systems co-located with thermal plants and ISTS. Why it matters: This provides a standardized mechanism for cost recovery, billing, and performance benchmarking, reducing investment risk for developers and EPCs. Watch: Future project tenders that leverage these…
⚡ Quick Read What happened: MAHAGENCO has floated an EPC tender for 300 MW of solar projects across Maharashtra, with a bid submission deadline of April 21, 2026. Why it matters: This tender offers a significant opportunity for EPC contractors to secure large-scale state utility projects with a mandate for 10-year O&M support. Watch: Monitor…
⚡ Quick Read What happened: General Mills India commissioned a 600 kW rooftop solar plant at its Malegaon facility, resulting in annual savings of over ₹7.5 million. Why it matters: The project demonstrates the high ROI potential for C&I consumers, with a payback period of less than three years and a 20% reduction in power…
⚡ Quick Read What happened: L&T South City in Bengaluru installed a 500 kW rooftop solar system, generating 70,000 units monthly and reducing common-area power costs by 30-40%. Why it matters: The project demonstrates the financial viability of the PM Surya Ghar subsidy for large group housing societies, achieving a payback period of just 3.5…
⚡ Quick Read What happened: The MNRE has proposed to the parliamentary standing committee that it be designated as the ‘Central Government’ for all renewable energy matters, seeking greater autonomy from the Ministry of Power. Why it matters: This shift aims to centralize planning, tariff principles, and market design under the MNRE, potentially simplifying regulatory…
⚡ Quick Read What happened: The MNRE has formally requested the Maharashtra government to withdraw a new MSEDCL rule that restricts rooftop solar capacity to 1.25 times the past 12 months’ electricity consumption. Why it matters: This policy shift hampers the ability of households to size solar systems for future demand, potentially stalling the PM…
⚡ Quick Read What happened: Terra Clean, an IOCL subsidiary, has issued a tender for a 100 MW intrastate-connected wind project in Gujarat, requiring a 10-year O&M contract and 23-month completion timeline. Why it matters: This turnkey project offers a significant opportunity for experienced wind EPC contractors to expand their portfolio in the high-potential Gujarat…