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KUSUM Projects in Maharashtra Delayed as Land Leasing Costs Soar

The rapid increase in solar installations under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) in Maharashtra is leading to developers facing high land-leasing costs and delays in project execution. The iss...

January 6, 2026

Rooftop

EIE Renewables Wins WBSEDCL’s 10 MW Rooftop Solar Auction

EIE Renewables has won the West Bengal State Electricity Distribution Company’s (WBSEDCL) auction to install 10 MW of grid-connected rooftop solar systems. The tender was floated in September this year. The systems will be install...

January 7, 2026

Markets & Policy

European Union’s CBAM Puts a Carbon Cost On India’s Exports

The European Union (EU) has begun implementing the definitive phase of its Carbon Border Adjustment Mechanism (CBAM), a policy that will attach a carbon-linked cost to imports of carbon-intensive goods such as iron and steel, alum...

January 7, 2026

Markets & Policy

Government Proposes Changes to Captive Power Rules to Ease Compliance

The Ministry of Power has proposed amendments to the Electricity Rules 2005 to simplify the regulatory framework for captive power generation. Under the existing rules, a power project qualifies as a captive generating project onl...

January 5, 2026

Latest News

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FCI Aravali Gypsum Tenders 2.52 MW of Solar Projects

FCI Aravali Gypsum and Minerals India (FAGMIL), a government of India enterprise, has invited bids for the supply, commissioning, and operation of 2.52 MW ground-mounted solar power projects on a build-own-operate basis for 25 years. The projects...

January 7, 2026

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Inox Clean Secures ₹31 Billion Equity to Scale IPP and Solar Manufacturing

Inox Clean Energy, the renewable arm of the INOXGFL Group, along with its subsidiary, Inox Solar, has raised equity totaling ₹31 billion (~$342.83 million), valuing the company at ₹500 billion (~$5.54 billion) pre-money. The equity round attracted...

January 7, 2026

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Electric Vehicle Sales Clock 16% Yearly Growth in 2025, Reach 2.3 Million Units

Electric vehicle (EV) sales in India reached a record 2.27 million units in 2025, an over 16% year-over-year increase from 1.95 million units sold in 2025. EVs accounted for 8% of overall automobile sales, according to data released by the Ministry...

January 7, 2026

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Blueleaf Wins 100 MW/400 MWh Battery Energy Storage Project in Malaysia

Singapore-based Blueleaf Energy, owned by the Macquarie Asset Management Fund, in partnership with Universal Peak, has been selected by Malaysia’s Energy Commission to build and operate a 100 MW/400 MWh utility-scale battery energy storage...

January 7, 2026

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Uttarakhand Regulator Asks UPCL to Set Solar, Non-Solar Hours for Tariffs

The Uttarakhand Electricity Regulatory Commission (UERC) has decided to retain the existing time-of-day (ToD) tariff structure and defer any immediate changes to peak and off-peak hours, even as it initiates a formal consultation on introducing...

January 7, 2026

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Funding and M&A Roundup: Okovate Acquires Assets of Fundusol

From: Mercom Capital Group Okovate Sustainable Energy, an agrivoltaic project developer, has announced the acquisition of assets from Fundusol, a modeling platform born out of Stanford University and Carnegie Mellon. Backed by the Schmidt Family...

January 7, 2026

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Project Finance Brief: Serengeti Energy Secures $26 Million Financing for the Ilute Solar Project

From: Mercom Capital Group Serengeti Energy, an independent renewable power producer, closed $26 million in project financing from a syndicate of lenders for the development of the 32 MWp Ilute solar project located in Western Zambia. The financing...

January 7, 2026

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Daily News Wrap-Up: High Land Lease Costs Affect Maharashtra KUSUM Projects

The rapid increase in solar installations under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) in Maharashtra is leading to developers facing high land-leasing costs and delays in project execution. The issue of higher land...

January 7, 2026

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