Adani Green Energy received a letter of award from the Uttar Pradesh Power Corporation for a 1,250 MW pumped hydro storage project (PSP). The Panaura PSP will be in the Sonbhadra district, with a minimum commitment of 40 years. The project is expected to be completed within the next six years. Expanding its portfolio beyond solar, wind, and hybrid projects, Adani Green Energy is now venturing into energy storage solutions. The company has plans to add over 5 GW of hydro PSP capacity by 2030.

The Tamil Nadu Electricity Regulatory Commission dismissed the petition filed by Tamil Nadu Green Energy Corporation for procuring 5 MW of solar power under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan program. The petition was rejected due to multiple procedural shortcomings, lack of adherence to guidelines, and insufficient responses from bidders.

The Central Electricity Regulatory Commission (CERC) approved tariffs ranging between ₹4.64 ($0.0532)/kWh and ₹5.25 ($0.0602)/kWh for 1,530 MW of renewable energy procured by NTPC through a competitive bidding process. CERC also approved a trading margin of ₹0.07 (~$0.0008)/kWh, subject to compliance with the financial security provisions. The tariffs are a part of NTPC’s bid to procure 3,000 MW of renewable energy from grid-connected power projects.

CERC approved Solar Energy Corporation of India’s petition to adopt a tariff ranging between ₹4.64 (~$0.053) and ₹4.73(~$0.054)/kWh for its 1,200 MW wind-solar hybrid power projects. The Commission also approved a trading margin of ₹0.07 (~$0.008)/kWh to be paid by the distribution companies or buying entities.

The West Bengal Power Development Corporation invited bids for comprehensive operation and maintenance of a 1.891 MW rooftop solar project at Kolaghat Thermal Power Station for two years. The scope of work entails comprehensive maintenance of all solar components, routine inspections, periodic module cleaning, real-time performance monitoring, and adherence to safety protocols. It also includes maintaining a project uptime of over 98% and submitting periodic reports on energy generation and system performance.

EDF India signed non-binding term sheets with NTPC, Coal India, and global investor Actis to promote renewable energy projects in India. Under this partnership, NTPC will develop, construct, own, operate, and maintain PSPs, standalone hydropower, and hydropower projects bundled with other renewable energy power projects. EDF has proposed a 50:50 joint venture (JV) with NTPC. It also signed a separate JV agreement with Coal India to undertake PSPs and other renewable energy projects in India and its neighboring countries.

Gurugram-based Sunsure Energy secured ₹1.28 billion (~$14.69 million) in long-term debt financing from Tata Capital and Aditya Birla Finance (ABFL) for its 49 MW open-access solar project in Augasi, Uttar Pradesh. This financing will support Sunsure’s commissioned 145 MW portfolio of solar open-access projects in the state. Tata Capital and ABFL will share the loan amount equally. The solar project in Augasi is expected to generate 72 million units of green power annually and offset 1.3 million metric tons of CO2 over its operational lifetime.