Reliance, SAEL, JBM, PNC, Navayuga Win NHPC’s 1.2 GW Solar Plus Storage Auction

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Andhra Pradesh Simplifies Process for New Electricity Connections Up to 150 kW

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Driving Renewable Energy Growth Through Technology Innovation

Global Solar Inverter Shipments Reach 589 GW in 2024

Maharashtra’s Energy Banking Rules Could Limit Solar Capacity Additions

MENA Weekly Roundup: Oman Launches $200 Million Clean Energy Fund


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					</table><p><a href="http://www.rinfra.com/" target="_blank" rel="noopener">Reliance Infrastructure</a>, <a href="https://www.jbmgroup.com/renewables/" target="_blank" rel="noopener">JBM Renewables</a>, <a href="https://www.pncinfratech.com/" target="_blank" rel="noopener">PNC Infratech</a>, <a href="https://www.sael.co/" target="_blank" rel="noopener">SAEL Industries</a>, and <a href="https://www.necltd.com/" target="_blank" rel="noopener">Navayuga Engineering Company</a> have won <a href="https://www.nhpcindia.com/" target="_blank" rel="noopener">NHPC</a>’s 1.2 GW auction (Tranche-XI) to set up interstate transmission system (ISTS)-connected solar power projects with 600 MW/2,400 MWh energy storage systems (ESS).</p>
<p>Reliance Infrastructure won 390 MW, JBM Renewables won 150 MW, PNC Infratech won 300 MW, and SAEL Industries won 300 MW at a tariff of ₹3.13 (~$0.0365)/kWh.</p>
<p>Navayuga Engineering Company won 60 MW of the 200 MW quoted capacity under the bucket filling method at a tariff of ₹3.13 (~$0.0365)/kWh.<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-81977 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction.png" alt="" width="704" height="307" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction.png 704w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction-300x131.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction-650x283.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction-624x272.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/NHPC-auction-600x262.png 600w" sizes="(max-width: 704px) 100vw, 704px" /></a></p>
<p>The tender was <a href="https://www.mercomindia.com/nhpc-tenders-1-2-gw-solar-projects-with-energy-storage-systems" target="_blank" rel="noopener">floated</a> in March 2025.</p>
<p>It has a provision to award the winners an additional 1.2 GW under the greenshoe option.</p>
<p>The projects will be developed on a build, own, and operate basis.</p>
<p>Winners must utilize an ESS with a capacity of at least 0.5 MW/2 MWh for a contracted capacity of 1 MW.</p>
<p>They must charge the ESS with solar power. The ESS must be charged at a rate of up to 5% annually using renewable power from the green market or bilateral agreements.</p>
<p>The projects must use commercially established and operational technologies to minimize risk and achieve timely project commissioning.</p>
<p>Only cells and modules from the Approved List of Models and Manufacturers must be used for the projects.</p>
<p>The tender specified that winners can set up projects at multiple locations, provided each project has a minimum capacity of 50 MW, with a minimum ESS component of 25 MW/100 MWh.</p>
<p>The cumulative capacity set up by a single bidder must not exceed 600 MW (with a minimum ESS component of 300 MW/1,200 MWh) without a greenshoe option.</p>
<p>In May 2025, SAEL Industries, Jindal India Renewable Energy, Sembcorp Green, JBM Renewables, Fastnote Biofuels (Hindustan Power), and Reliance NU Energies <a href="https://www.mercomindia.com/reliance-jindal-among-winners-of-sjvns-1-2-gw-solar-plus-storage-auction">won</a> SJVN’s auction to develop 1,200 MW ISTS-connected solar projects with 600 MW/2,400 MWh ESS.</p>
<p>In January 2025, Onix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, Kolar Solar Power (Rays Power Infra), ReNew Solar Power, and Adani Renewable Energy Holding Nine (Adani Green) <a href="https://mercomindia.com/nhpc-1-2-gw-solar-plus-storage-auction">won</a> NHPC’s auction to set up 1,200 MW ISTS-connected solar projects with 600 MW/1,200 MWh ESS.</p>
<p>Subscribe to Mercom’s India <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>



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					</table><p>The fifth edition of Mercom India’s two-day flagship event, the <a href="https://www.mercomindia.com/event/renewables-summit-2025/register" target="_blank" rel="noopener">Mercom India Renewables Summit</a>, will feature engaging conversations about the growth and future of renewable energy in the country.</p>
<p>The Summit will be held on July 24-25, 2025, at the Hyatt Regency in New Delhi.</p>
<p>The unprecedented growth of renewable energy is built on the foundation of evolving technology. There have been significant developments in innovation and adoption of solar module and cell technologies, solar trackers, and floating solar projects. The use of the Internet of Things and Artificial Intelligence is also finding traction in the renewable energy industry</p>
<p>At the Summit, the session ‘<strong>Technology Innovations Driving Efficiency, Profitability, and Competitiveness in Renewables’</strong> on July 24 will cover how multiple solar technologies are driving enhanced efficiency, durability, and profitability in the renewable energy sector.</p>
<p><a href="https://www.mercomindia.com/event/renewables-summit-2025/register"><img loading="lazy" decoding="async" class="aligncenter wp-image-81945 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-scaled.jpg" alt="" width="2560" height="1578" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-300x185.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-2000x1233.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-768x474.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-1536x947.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-2048x1263.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-650x401.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-624x385.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/technology-1-1-600x370.jpg 600w" sizes="(max-width: 2560px) 100vw, 2560px" /></a></p>
<p>The session will be held between 3:35 pm and 4:35 pm.</p>
<p>A panel of industry experts—Vikram Kenjale, Vice President (India) at <a href="https://www.gamechangesolar.com/" target="_blank" rel="noopener">GameChange Solar</a>; Sishir Garemella, Head of International Business Development at <a href="https://scorecard.pvel.com/" target="_blank" rel="noopener">Kiwa PVEL</a>; Chetan Amrutkar, AVP of Sales and Marketing at GenX PV; and Sumit Kumar, Vice President of Operations (Manufacturing) and Technology at <a href="https://www.vikramsolar.com/" target="_blank" rel="noopener">Vikram Solar</a>– will share their insights on the topic.</p>
<p>This session will explore the growing role of innovation in optimizing energy generation and usage, and how these advancements are setting new benchmarks for performance, cost savings, and sustainability.</p>
<p>The Mercom India Renewables Summit will host the inaugural <a href="https://www.mercomindia.com/event/renewables-summit-2025/exhibitor" target="_blank" rel="noopener">Mercom India Renewables Energy Expo</a> for the first time. It will serve as a platform to connect with industry veterans, unlock new business opportunities, and enhance brand recognition.</p>
<p>The event will include the <a href="https://www.mercomindia.com/awards" target="_blank" rel="noopener">Mercom India Awards,</a> which will recognize outstanding achievements and the latest technological innovations driving the transformation of the Indian energy markets.</p>
<p>Another side event, the <a href="https://www.mercomindia.com/event/startup" target="_blank" rel="noopener">Mercom India Startup Pitch Competition for Cleantech Companies</a>, will provide budding startups with an opportunity to showcase their innovative technology solutions to potential investors.</p>
<p><a href="https://www.mercomindia.com/event/renewables-summit-2025/register" target="_blank" rel="noopener">Register now </a>to attend the event and contribute to shaping the future of India’s vibrant renewable energy landscape.</p>



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					</table><p>Global solar inverter shipments increased by 10% in 2024, reaching a total capacity of 589 GW, according to the 2025 edition of <a href="https://www.woodmac.com/" target="_blank" rel="noopener">Wood Mackenzie’s</a> Global Solar Inverter Market Share report.</p>
<p>The Asia Pacific (APAC) region, including China, India, and Southeast Asia, accounted for 69% of all global shipments. China alone received 330 GW, more than half of the global demand and a 14% increase over 2023. This regional demand largely drove the global market growth.</p>
<p>In contrast, the U.S. and Europe witnessed a contraction in inverter shipments.</p>
<p>Nine of the top ten inverter vendors worldwide are headquartered in China.</p>
<p>Huawei and Sungrow Power Supply remained the top two global solar inverter suppliers for the tenth consecutive year, with a combined market share of 55% in 2024. Huawei delivered 176 GW of inverters, extending its global lead through strong performances across China, Europe, Latin America, and Africa.</p>
<p>Sungrow shipped 148 GW, ranking behind Huawei in China and Europe but leading in the U.S., India, and the Middle East markets.</p>
<p>According to Mercom’s India Solar Market Leaderboard 2025, Sungrow <a href="https://www.mercomindia.com/leading-solar-inverter-supplies-2024" target="_blank" rel="noopener">emerged</a> as one of the leading inverter suppliers in India for the calendar year 2024.</p>
<p>Joseph Shangraw, Research Associate at Wood Mackenzie, said both companies consolidated the global inverter market and achieved their highest-ever individual market shares during the year.</p>
<p>According to the report, for the first time in the history of Wood Mackenzie’s rankings, no vendor outside the top two held more than 5% of the global market. <a href="https://www.solisinverters.com/global" target="_blank" rel="noopener">Ginlong Solis</a> retained third place in the rankings, while <a href="https://en.growatt.com/" target="_blank" rel="noopener">Growatt</a> came in fourth.</p>
<p><strong>Europe and the U.S.</strong></p>
<p>Europe and the U.S. witnessed a decline in inverter shipments. Europe experienced a double-digit percentage drop, particularly in the residential and commercial segments. This decline was caused by excess inventory in key markets such as Germany and the Netherlands.</p>
<p>The U.S. market declined by a single-digit percentage, primarily due to weakening residential demand and slow shipments of central inverters. Shangraw noted that the U.S. residential inverter segment posted its second consecutive annual decline, citing high loan interest rates and reduced demand in California following the implementation of the less favorable NEM 3.0 net metering policy.</p>
<p>In May this year, the European Solar Manufacturing Council <a href="https://www.mercomindia.com/europe-calls-for-curbing-remote-access-to-china-made-solar-inverters" target="_blank" rel="noopener">called</a> for restrictions on the unregulated and remote-control capabilities of solar inverters from “high-risk non-European manufacturers,” primarily from China.</p>



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					</table><p>The <strong>Oman Investment Authority</strong> <a href="https://www.al-monitor.com/originals/2025/07/oman-launches-200m-clean-energy-fund-chinas-templewater" target="_blank" rel="noopener">partnered</a> with <strong>Hong Kong</strong>-based <strong>Templewater</strong> to launch a $200 million <strong>Energy Transition Fund</strong>. The fund aims to finance projects in renewable energy, energy storage, clean fuels, green data centers, and low-carbon transportation, such as electric vehicles. The fund includes $100 million commitments from both the <strong>Future Fund Oman</strong> (FFO) and Templewater. FFO, established in January 2024 with assets of OMR 2 billion ($5.2 billion), focuses on stimulating local investment and economic diversification.</p>
<p><strong>Morocco</strong> <a href="https://en.sputniknews.africa/20250710/1075381225.html" target="_blank" rel="noopener">announced</a> its plans to construct a <strong>500 MW </strong>data center in<strong> Dakhla</strong>, which will be powered entirely by renewable energy. This construction is part of a broader 11 billion dirham (~$1.22 billion) digital transformation strategy, which also includes investments in artificial intelligence and the expansion of fiber optic networks. The announcement follows the launch of Morocco’s first sovereign data center in January this year.</p>
<p>The <strong>Abu Dhabi Islamic Bank (ADIB) </strong><a href="https://solarquarter.com/2025/07/08/adib-reports-aed17-billion-in-sustainable-finance-sets-sectoral-emissions-targets-and-advances-toward-net-zero-goals/" target="_blank" rel="noopener"><strong>mobilized</strong></a> AED17 billion (~$4.62 billion) in sustainable finance, progressing toward its AED60 billion (~$16.33 billion) target by 2030. The bank also released its inaugural Green Sukuk Allocation and Impact Report for its $500 million green bond issued earlier, with 90% of $500 million proceeds allocated to clean energy projects as of December 2024. ADIB reported an 87% reduction in Scope 1 emissions.</p>
<p><strong>Petroleum Development Oman</strong> <strong>(PDO)</strong> is <a href="https://www.omanobserver.om/article/1173194/oman/pdo-leads-omans-energy-push-with-1-bn-gas-project" target="_blank" rel="noopener">partnering</a> with <strong>OQ</strong> and <strong>TotalEnergies</strong> on three clean energy projects: a 100 MW solar facility and two wind farms (totaling 200 MW), which are expected to come online in 2026.</p>
<p><strong>Tamimi Markets</strong> <a href="https://www.zawya.com/en/business/energy/tamimi-markets-seals-solar-lease-deal-with-yellow-door-energy-hgp9c3p1" target="_blank" rel="noopener">signed</a> a solar lease agreement with <strong>Yellow Door Energy</strong> to install 900 kW of rooftop solar systems at distribution centers in Jeddah and Dammam. As part of this project, over 1,500 bifacial solar panels will generate approximately 1.5 million kWh of energy annually. The project is expected to be completed by the end of the year. Yellow Door Energy will finance, install, and operate the systems.</p>
<p><strong>GameChange</strong> Solar will <a href="https://www.prnewswire.com/in/news-releases/gamechange-solar-secures-landmark-1-25-gw-tracker-deal-for-abydos-ii-in-egypt-302498548.html" target="_blank" rel="noopener">supply</a> its Genius Tracker system for the 1.25 GW Phase II of the Abydos Solar power project in <strong>Egypt</strong>, which is being developed by <strong>AMEA Power</strong> and built by <strong>CEEC-ZTPC</strong>. The project features a 600 MWh battery energy storage system and follows the solar project’s 560 MW Phase I. Scheduled for commissioning in May 2026, the project is expected to generate approximately 3,000 GWh of energy annually.</p>



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					</table><p>Driven by the need to reduce power costs and meet sustainability targets, an increasing number of companies in the commercial and industrial (C&amp;I) sector are adopting rooftop solar solutions.</p>
<p>With clean energy usage becoming increasingly imperative for many businesses due to the savings on power bills and meeting their sustainability objectives, rooftop solar is a preferred choice for going green.</p>
<p>Mumbai-based <a href="https://www.hpadhesives.com/" target="_blank" rel="noopener">HP Adhesives</a>, a company specializing in adhesives and sealants, has recently installed a 392.7 kW rooftop solar system at its manufacturing facility in Narangi Village in Maharashtra’s Raigad district.</p>
<p>Energy from the rooftop solar installation accounts for 65-70% of the company’s total electricity consumption. The system generates 540,750 kWh of power annually.</p>
<p>The installation comprises 714 high-efficiency bifacial modules supplied by RenewSys and three 100 kW inverters from Growatt New Energy.</p>
<p>HP Adhesives’ decision to adopt solar energy was driven by high electricity costs and its commitment to sustainability.</p>
<p>Mihir Shah, Chief Financial Officer at HP Adhesives, stated, “We have been able to reduce almost 60% to 65% of the electricity bills monthly by installing rooftop solar. We are also planning to expand our installations at the premises in the future.”</p>
<p>In its annual report 2023-24, the company had said that it was in the process of installing solar panels at its manufacturing plant.  “We recognize the importance of environmentally responsible practices and strive to minimize our carbon footprint through sustainable manufacturing processes,” it said in the report.</p>
<p>Pune-based <a href="https://kalpapower.com/" target="_blank" rel="noopener">Kalpa Power</a>, which executed and commissioned the project for HP Adhesives, said scheduling the reinforced cement concrete work while monitoring weather conditions during the monsoon was the primary challenge; however, the installation was completed without delay.</p>
<p>Shrikant Soni, Deputy General Manager at Kalpa Power, said, “We offer five-year operations and maintenance services for the project, which include periodic cleaning, plant monitoring through a supervisory control and data acquisition system, and monthly generation reports. These services are renewable after the initial five-year period.” The company also offers performance guarantees with a guaranteed performance ratio and component warranties.</p>
<p>At a recent C&amp;I Clean Energy Meet hosted by Mercom India in Mumbai, industry experts <a id="menur4g6" class="fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn" title="https://www.mercomindia.com/savings-in-power-bills-key-motivator-for-ci-clean-energy-transition" href="https://www.mercomindia.com/savings-in-power-bills-key-motivator-for-ci-clean-energy-transition" target="_blank" rel="noreferrer noopener" aria-label="Link shared">shared</a> insights on how C&amp;I businesses can save on power bills by switching to solar and choosing between open-access and rooftop solar solutions.</p>
<p>Mercom India has been organizing a series of C&amp;I Clean Energy Meets which are designed to provide C&amp;I energy buyers with the knowledge and tools they need to adopt clean energy solutions and lower their power costs.</p>
<p>The next event in the series is <a id="menur4g8" class="fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn" title="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-hyderabad" href="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-hyderabad" target="_blank" rel="noreferrer noopener" aria-label="Link scheduled">scheduled</a> to be held in Hyderabad on August 22, 2025.</p>


Rooftop Solar Helps HP Adhesives Cut Electricity Bill by 65%


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					</table><p>The Karnataka Electricity Regulatory Commission (<a href="https://kerc.karnataka.gov.in/en" target="_blank" rel="noopener">KERC</a>) has issued its generic tariff order for solar power projects. The order is applicable from July 1, 2025, to June 30, 2026. The tariffs apply to MW-scale ground-mounted, distributed solar photovoltaic (DSPV), and rooftop solar projects.</p>
<p><strong>Tariffs Approved for 2025-26</strong></p>
<p>The final approved tariff for MW-scale ground-mounted solar power projects is ₹3.07 (~$0.035)/kWh. For non-domestic DSPV consumers, the tariff is ₹3.08 (~$0.035)/kWh. For domestic consumers installing systems with a capacity of 1 kW to 10 kW, the tariff is ₹3.86 (~$0.044)/kWh, excluding subsidy.</p>
<p>Consumers eligible under the PM Surya Ghar: Muft Bijli Yojana will receive subsidized tariffs based on system size: ₹2.30 (~$0.026)/kWh for 1 kW to 2 kW systems, ₹2.48 (~$0.028)/kWh for systems between 2 kW to 3 kW, and ₹2.93 (~$0.034)/kWh for systems above 3 kW.</p>
<p>The benchmark capital cost for tariff determination is ₹40,000 (~$465.12)/kWh for domestic DSPV, ₹30,000 (~$348.84)/kWh for other DSPV projects, and ₹32.15 million (~$373,837)/MW for MW-scale projects.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-81851 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740.png" alt="KERC Levelized Tariff" width="835" height="365" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740.png 835w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740-300x131.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740-768x336.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740-650x284.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740-624x273.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Screenshot-2025-07-11-121740-600x262.png 600w" sizes="(max-width: 835px) 100vw, 835px" /></a></p>
<p>The Commission had <a href="https://www.mercomindia.com/kerc-proposes-tariff-of-%E2%82%B92-93-kwh-for-pm-surya-ghar-projects-above-3-kw" target="_blank" rel="noopener">proposed</a> the tariffs in March this year.</p>
<p><strong>Terminology Change </strong></p>
<p>The Commission has replaced the term &#8220;Solar Rooftop Photovoltaic&#8221; with &#8220;Distributed Solar Photovoltaic&#8221; (DSPV) projects. This category now includes rooftop systems, ground-mounted systems using elevated structures with a minimum ground clearance of eight feet, facade-mounted installations, and systems covered under virtual net metering (VNM) and group net metering (GNM).</p>
<p>These systems can be installed on residential, institutional, or commercial buildings, provided compliance with local building bylaws and safety regulations is ensured.</p>
<p><strong>Metering Mechanisms and Open Access Benefits</strong></p>
<p>Under the VNM model, consumers of the same category, such as those in residential apartments or government buildings, can use a single solar system to offset consumption across multiple electricity connections. The energy injected into the grid will be compensated for at 75% of the applicable generic tariff.</p>
<p>Smart meters will be mandatory at both the generation and consumption ends. Consumers will be exempt from open access charges if the consumption is confined within the same distribution transformer or 11 kV feeder.</p>
<p>In the GNM model, an individual with multiple connections under the same name can link them under a single solar installation. This facility will be subject to the condition that these individuals have a minimum project size of 5 kW, and that at least 20% of the generated energy is consumed at the source connection. Unutilized units are forfeited. Smart meters will also be mandatory under this model.</p>
<p><strong>Application and PPA Process</strong></p>
<p>The Commission simplified the process for domestic low-tension (LT) consumers installing DSPV systems up to 150 kW by exempting them from signing a power purchase agreement (PPA). For systems exceeding 150 kW, KERC prescribed a standardized process with fixed timelines for site verification, PPA execution, inspection, and final commissioning.</p>
<p>Distribution licensees will face penalties for failing to complete their tasks within five days of consumer work completion. In cases where delays impact commissioning, the benefit of deemed generation will be extended to the consumers.</p>
<p><strong>Connectivity Guidelines</strong></p>
<p>Consumers can use either static or digital meters with communication modules, or opt for smart meters for solar generation metering, effective July 1, 2025. Battery energy storage systems (BESS) are not mandated due to high capital costs and low adoption rates of rooftop solar energy systems.</p>
<p>Installations are permitted up to 100% of the sanctioned load with a tolerance limit of 10% for systems under 10 kW. Procurement from empanelled vendors is not compulsory. Connectivity is permitted at the LT level for capacities up to 150 kW and at the 11 kV high tension level for projects with capacities between 150 kW and 2 MW.</p>
<p><strong>Tariff Computation Parameters and Capital Cost </strong></p>
<p>The financial standards adopted by KERC include a useful life of 25 years, a debt-to-equity ratio of 70:30, an interest rate on debt of 11.1% over a 13-year tenure, a return on equity of 14%, and a working capital interest rate of 11.5%.</p>
<p>Operations and maintenance costs will be ₹791.31 (~$9.20)/kW for DSPV and ₹594,000 (~$6,906)/MW for ground-mounted systems, with an annual escalation rate of 5.72%. Depreciation is fixed at 5.38% annually for DSPV and 6.064% for megawatt-scale projects for the first 13 years.</p>
<p>The capacity utilization factor is fixed at 19% for all project categories, with an auxiliary consumption allowance of 0.25% for MW-scale systems only. No degradation factor is applied.</p>
<p><strong>Relocation and Flexibility</strong></p>
<p>The Commission has allowed consumers to relocate their solar installations within the same distribution companies’ area without requiring any amendment to the PPA, provided the sanctioned load remains unchanged. It also allowed open access consumers to opt for net or gross metering. Electricity supply companies will not compensate any excess energy injected under net metering in a billing month, and it will be treated as free power.</p>
<p>Subscribe to Mercom’s real-time <a href="https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>


Karnataka Sets Benchmark Tariff of ₹3.07/kWh for MW-Scale Solar Projects


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					</table><p><a href="https://www.remcltd.com/" target="_blank" rel="noopener">REMCL</a>, a joint venture between the <a href="https://indianrailways.gov.in/" target="_blank" rel="noopener">Ministry of Railways</a> and <a href="https://www.rites.com/" target="_blank" rel="noopener">Rail India Technical and Economic Service</a>, has issued a tender to implement a 3 MW solar project at the Dedicated Freight Corridor Corporation of India (<a href="https://dfccil.com/" target="_blank" rel="noopener">DFCCIL</a>) complex in Noida, Uttar Pradesh.</p>
<p>The project will consist of both ground-mounted and rooftop solar installations.</p>
<p>Bids must be submitted by August 5, 2025. Bids will be opened on August 7.</p>
<p>Bidders must furnish an earnest money deposit of ₹1.20 million (~$13,953) and a tender processing fee of ₹25,000 (~$290.70) plus 18% GST.</p>
<p>The scope of work entails the design, engineering, supply, construction, erection, testing, and commissioning of the solar project. It also involves providing operation and maintenance for ten years.</p>
<p>Only modules from the Approved List of Modules and Manufacturers must be used.</p>
<p>Both solar cells and modules must be manufactured in India, with all manufacturing steps, from wafer production to module assembly, completed domestically.</p>
<p>Bidders must be Class-I local suppliers with a minimum of 50% local content.</p>
<p>They must have completed the following works:</p>
<ul>
<li>Three similar projects, each costing at least 30% of the tender value</li>
<li>Two similar projects, each costing at least 40% of the tender value</li>
<li>One similar project costing at least 60% of the tender value</li>
</ul>
<p>Bidders must have a minimum average annual contractual turnover of V/N or V, whichever is lower, where V is the tender value in crores and N is the number of years prescribed for completion.</p>
<p>Recently, REMCL <a href="https://www.mercomindia.com/remcl-floats-tender-for-1-25-mw-rooftop-solar-projects-in-maharashtra" target="_blank" rel="noopener">invited</a> bids to set up a cumulative 1.25 MW of rooftop solar projects at four railway stations in Maharashtra.</p>
<p>In January this year, the Varanasi division (electrical) of the Northeastern Railway <a title="https://www.mercomindia.com/northeastern-railway-tender-10-mw-rooftop-solar-projects-in-uttar-pradesh" href="https://www.mercomindia.com/northeastern-railway-tender-10-mw-rooftop-solar-projects-in-uttar-pradesh" target="_blank" rel="noreferrer noopener">floated</a> four tenders for a cumulative 10.4 MW on-grid rooftop solar systems at multiple buildings in Gorakhpur, Uttar Pradesh.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real-time.</p>


REMCL Floats Tender for 3 MW Solar Project in Noida


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					</table><p>The Himachal Pradesh Electricity Regulatory Commission (<a href="https://hperc.org/" target="_blank" rel="noopener">HPERC</a>) has finalized its Resource Adequacy Framework Regulations, 2025. These regulations aim to ensure that the state’s generating companies, distribution licensees, distribution companies (DISCOMs), and load dispatch centers contract sufficient electricity generation capacity to meet peak demand reliably, cost-effectively, and sustainably.</p>
<p>The draft regulation was <a href="https://www.mercomindia.com/hperc-issues-draft-frameworl-resource-adequacy-electricity-demand" target="_blank" rel="noopener">released</a> in February this year.</p>
<p>The regulations provide a legal mandate for demand forecasting, capacity planning, and power procurement.</p>
<p>Under the finalized framework, DISCOMs must demonstrate a 100% capacity tie-up in the first compliance year and a 90% tie-up in the second. The Commission retained its earlier position that short-term power purchases, including those from the day-ahead market and real-time market, will not be counted toward meeting resource adequacy requirements (RAR).</p>
<p>It also reiterated that over 85% of the DISCOMs’ capacity must be sourced through long-term power purchase agreements, with only limited procurement allowed from short-term contracts.</p>
<p><strong>Demand Forecasting</strong></p>
<p>One of the key changes in the final order is the approval of periodic validation and refinement of demand forecasting models. A provision was added to the regulations to permit DISCOMs to refine and improve their forecasting techniques using real-time data and emerging consumption trends.</p>
<p>This flexibility enables the use of hybrid forecasting methodologies, including artificial intelligence such as machine learning, autoregressive integrated moving average models, trend analysis, and econometric models.</p>
<p><strong>Capacity Credit Method Retained</strong></p>
<p>Despite stakeholder requests to alter the capacity credit factor for renewable energy, HPERC retained the methodology based on the top 250 peak demand hours using the ‘net load base’ approach. Suggestions to revise the hours or use actual generation instead of availability were rejected.</p>
<p><strong>OTC Platforms Rejected</strong></p>
<p>The Commission firmly rejected proposals to recognize over-the-counter (OTC) platforms for electricity procurement or coordination. HPERC stated that OTC platforms are not recognized under the Ministry of Power’s bidding guidelines, cannot facilitate price discovery, and do not ensure the formation of legally binding contracts. Only the discovery of efficient electricity prices and the use of power utilities&#8217; short-term procurement platforms will be permitted for procurement under these regulations.</p>
<p>The request to allow electricity banking through OTC platforms was similarly denied, with the Commission mandating that such transactions must be conducted through open bidding. The Commission also declined to mandate competitive bidding for emergency procurement, allowing DISCOMs flexibility during unforeseen demand surges or outages.</p>
<p><strong>Compliance Definitions Unchanged</strong></p>
<p>Regulation 17, which deals with compliance and evaluation, was retained without modification despite suggestions to clarify definitions for surplus tie-ups, demand projection errors, and shortfalls. The Commission held that existing provisions under the resource adequacy plan already account for these scenarios.</p>
<p><strong>Digital Platforms and Demand Response</strong></p>
<p>While stakeholders pushed for a unified digital platform and the inclusion of demand response mechanisms in RAR calculations, the Commission noted that these are already factored into operational procedures. It declined to include them within the regulations, considering them procedural rather than regulatory matters.</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>


Himachal Electricity Regulator Finalizes Resource Adequacy Framework Regulations


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					</table><p>The Uttar Pradesh Electricity Regulatory Commission (<a href="https://www.uperc.org/Default2.aspx" target="_blank" rel="noopener">UPERC</a>) has approved a tariff of ₹3.84 (~$0.044)/kWh for the procurement of 300 MW wind-solar hybrid power by Noida Power Company (<a href="https://www.noidapower.com/" target="_blank" rel="noopener">NPCL</a>).</p>
<p>The Commission also approved the power purchase agreement (PPA) signed between NPCL and Deshraj Solar Energy (DSEPL), the special purpose vehicle of Purvah Green Power (PGPPL), the winning bidder in the competitive process for the procurement of the wind-solar hybrid power.</p>
<p><strong>Background</strong></p>
<p>The case originated from NPCL’s need to address a projected power deficit in its license area (Greater Noida) from the financial year 2026-27 onwards, as indicated by Central Electricity Authority (CEA) forecasts.</p>
<p>NPCL initiated a transparent bidding process for the long-term procurement of 300 MW of power for a 25-year period. On July 9, 2024, NPCL requested the Uttar Pradesh government for a deviation from bidding norms to award the full 300 MW capacity to a single bidder, which was approved on August 22, 2024.</p>
<p>The request for selection was issued on November 8, 2024. PGPPL emerged as the lowest bidder with a quoted tariff of ₹3.84 (~$0.044)/kWh, followed by Torrent Power with a tariff of ₹3.85 (~$0.044)/kWh and Purshottam Profiles with a tariff of ₹3.90 (~$0.045)/kWh.</p>
<p>A letter of award was issued to PGPPL on December 30, 2024, and the PPA was executed with DSEPL on January 31, 2025. DSEPL&#8217;s project sites include a 150 MW solar project in Rajasthan and a 300 MW wind project in Andhra Pradesh</p>
<p>NPCL filed the petition with UPERC for tariff adoption and PPA approval. NPCL argued that existing contracts would lead to significant deficits from 2026 to 2034. The high capacity utilization factor of 48% in the wind-solar project and wind-heavy design were presented as superior for matching peak-hour demand.</p>
<p>A cost analysis indicated an annual saving of approximately ₹950 million (~$11.05 million) by choosing the current bidder over alternative arrangements, with an estimated alternative procurement tariff of ₹4.58 (~$0.053)/kWh compared to the ₹3.84 (~$0.044)/kWh quoted by the winning bidder.</p>
<p>Objections were raised by a consumer advocacy firm regarding transparency, citing alleged ties between NPCL and PGPPL, the PPA&#8217;s use of a special purpose vehicle without clear affiliate disclosure, an undated bid evaluation committee report, and the absence of board approval for the formation of the committee.</p>
<p>NPCL and PGPPL contended that the guidelines permit PPA execution with special purpose vehicles, and PGPPL&#8217;s 100% ownership by DSEPL was documented.</p>
<p><strong>Commission&#8217;s Analysis</strong></p>
<p>The Commission validated the demand-supply based on the CEA&#8217;s long-term projections, confirming the necessity of procuring 300 MW of hybrid power. The discovered tariff of ₹3.84 (~$0.044)/kWh was found to be competitive.</p>
<p>The Commission accepted the procurement from a single successful bidder, as this deviation was approved by the Uttar Pradesh government and deemed beneficial for consumers by enabling lower tariffs.</p>
<p>Technically, the wind-heavy hybrid profile was recognized for its better reliability and base load coverage during non-solar hours. While acknowledging the consumer intervenor&#8217;s concerns, UPERC found that there was no material impact on the transparency or fairness of the bidding process.</p>
<p>However, the Commission directed NPCL to seek prior approval for any future deviations from competitive bidding guidelines. NPCL was also advised to enhance internal documentation, particularly regarding the formation and process of the bid evaluation committee, including the proper dating of reports and maintaining administrative diligence.</p>
<p>The regulator directed DSEPL to commission the power projects according to the agreed-upon schedule in the PPA.</p>
<p>In May this year, UPERC <a href="https://www.mercomindia.com/uttar-pradesh-regulator-approves-1525-mw-solar-power-procurement" target="_blank" rel="noopener">approved</a> the power sale agreement and supplementary power sale agreement between Uttar Pradesh Power Corporation and National Hydroelectric Power Corporation for procuring 1,525 MW of solar power.</p>
<p>Subscribe to Mercom’s real-time <a href="https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>


UPERC Approves Tariff of ₹3.84/kWh for 300 MW Wind-Solar Project


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					</table><p>The Rajasthan Electricity Regulatory Commission (<a href="https://rerc.rajasthan.gov.in/" target="_blank" rel="noopener">RERC</a>) has approved the levelized tariffs determined through a competitive bidding process conducted by the Jaipur Vidyut Vitran Nigam (<a href="https://www.bijlimitra.com/custumerLoginPage" target="_blank" rel="noopener">JVVNL</a>) for 78 solar projects with a total capacity of 228.85 MW.</p>
<p>These projects are implemented under Component C (feeder-level solarization) of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM).</p>
<p>The approved tariffs range from ₹2.78 (~$0.032)/kWh to ₹3.04 (~$0.035)/kWh.</p>
<p><strong>Background</strong></p>
<p>JVVNL floated a tender on December 13, 2024, for the solarization of 25,149 agricultural connections at the feeder level spread across 82 grid substations in Rajasthan. The tariffs discovered after the bidding process ranged from ₹2.78 (~$0.032)/kWh to ₹3.04 (~$0.035)/kWh for a 25-year power purchase agreement period.</p>
<p>JVVNL contended that the tariff discovered was cost-effective and compliant with RERC regulations and Ministry of New and Renewable Energy (MNRE) norms, including domestic content requirements (DCR), central financial assistance (CFA) computation methodology, lease rent mechanisms, remote monitoring system installation, and transformer configurations based on site-specific requirements.</p>
<p>It emphasized that the quoted tariff range is significantly below the average variable power purchase cost of ₹4.03 (~$0.046)/kWh.</p>
<p><strong>Commission’s Analysis</strong></p>
<p>The Commission approved the tariffs ranging from ₹2.78 (~$0.032)/kWh to ₹3.04 (~$0.035)/kWh, stating that the highest tariff was lower than the average variable power purchase cost of ₹4.03 (~$0.046)/kWh.</p>
<p>It acknowledged that JVVNL had followed transparent processes and that the petitioner complied with MNRE guidelines and Commission directions.</p>
<p>It examined JVVNL’s adherence to MNRE guidelines, particularly the 30% CFA and the capping for 7.5 HP pump-equivalent loads, as well as the robust inclusion of DCR costs, RMS expenses, land lease rent, operations and maintenance costs, and degradation factors in the tariff computation.</p>
<p>The Commission said the distribution companies can benefit from lower procurement costs and improved compliance with the renewable purchase obligations. Farmers will benefit from improved daytime power supply and potential earnings from land leases.</p>
<p>Recently, RERC <a href="https://www.mercomindia.com/rajasthan-approves-tariffs-234-mw-kusum" target="_blank" rel="noopener">approved</a> the levelized tariffs for 233.97 MW solar projects under Component-C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM).</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>


Rajasthan Regulator Approves Tariffs for 229 MW Solar Projects under KUSUM


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					</table><p>Energy storage and green hydrogen are crucial for mitigating the intermittency of renewable energy sources, such as solar and wind, thereby enabling a continuous power supply and enhancing grid reliability.</p>
<p>These issues will be discussed in depth at the fifth edition of the <a href="https://www.mercomindia.com/event/renewables-summit-2025" target="_blank" rel="noopener">Mercom India Renewables Summit</a>, set to take place on July 24-25, 2025, at the Hyatt Regency, New Delhi.</p>
<p>A key session during the summit on July 24, titled <strong>“Energy Storage and Green Hydrogen: The Missing Links in India’s Renewable Energy Transition,”</strong> will address the urgent need for scalable energy storage solutions and the development of a robust green hydrogen ecosystem.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-scaled.jpg"><img loading="lazy" decoding="async" class="aligncenter wp-image-81894 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-scaled.jpg" alt="Mercom Summit Energy Storage" width="2560" height="1578" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-300x185.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-2000x1233.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-768x474.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-1536x947.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-2048x1263.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-650x401.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-624x385.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Session-energy-storage-v2-600x370.jpg 600w" sizes="(max-width: 2560px) 100vw, 2560px" /></a></p>
<p>The panel will feature experts such as Sunil Sharma, Director (NRE, RCM) at <a href="https://powermin.gov.in/" target="_blank" rel="noopener">Ministry of Power</a>, Inder Bhambra, Chief Business Officer at <a href="https://www.envision-energy.in/" target="_blank" rel="noopener">Envision Energy India</a>, Shri Venkatesh, Founding Partner at <a href="https://skvlawoffices.com/" target="_blank" rel="noopener">SKV Law Offices</a>, and Bhavesh Kumar Rathod, Founder and Director at <a href="https://www.soleosenergy.com/" target="_blank" rel="noopener">Soleos Solar Energy</a>.</p>
<p>Wendy Prabhu, the Co-Founder of Mercom Capital Group and the President of Mercom Communications, will moderate the session.</p>
<p>Grid-scale energy storage in India is still in its early stages, with only a few large-scale projects currently under implementation. Green hydrogen is viewed as a potential future fuel for sectors that are challenging to decarbonize, such as the steel, cement, and heavy transport industries.</p>
<p>The 60-minute session will examine the role of energy storage in ensuring grid reliability and facilitating the integration of renewable energy into the power mix. It will also explore infrastructure requirements, emerging technologies, and necessary policy interventions to support India’s net-zero goals.</p>
<p>The session will focus on how to decarbonize the target sectors using green hydrogen and the policy frameworks required to accelerate its adoption. The panel discussion will cover the competitive edge India needs to enhance its manufacturing capabilities and deploy energy storage systems, including batteries and hydrogen infrastructure.</p>
<p>The event will include the <a href="https://www.mercomindia.com/awards" target="_blank" rel="noopener">Mercom India Awards</a>, honoring outstanding achievements and the latest technological innovations driving the transformation of India’s energy markets.</p>
<p>Mercom India is also hosting the <a href="https://www.mercomindia.com/event/renewables-summit-2025/exhibitor" target="_blank" rel="noopener">Renewable Energy Exhibition</a> during the Summit. The exhibition will bring together top industry players and decision-makers to showcase their latest products and services.</p>
<p><a href="https://www.mercomindia.com/event/renewables-summit-2025/register" target="_blank" rel="noopener">Register now</a> to attend the event and help shape the future of India’s vibrant renewable energy landscape.</p>


Accelerating India’s Net Zero Strategy with Energy Storage and Green Hydrogen


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					</table><p>Mumbai-based power infrastructure developer <a href="https://prostarm.com/" target="_blank" rel="noopener">Prostarm Info Systems</a> will establish a 1.2 GWh battery energy storage system (BESS) manufacturing plant at the Reliance Model Economic Township in Jhajjar, Haryana.</p>
<p>The facility will be developed at a cost of ₹250 million (~$2.9 million).</p>
<p>The company has secured a nine-year land lease for the development of the BESS manufacturing plant. The lease includes a land parcel of 3,912.15 sq m and a covered shed area of 34,000 sq ft.</p>
<p>The BESS manufacturing facility will cater to both commercial and industrial, as well as utility-scale applications.</p>
<p>The plant is expected to be commissioned by the end of the financial year 2026.</p>
<p>The facility entails the setting up of plant and machinery, office infrastructure, heating, ventilation, and air conditioning systems, power capacity upgrades, and anti-static flooring. It also includes warehousing and other essential infrastructure to enable high-end assembly and integration.</p>
<p>Prostarm provides services in design, manufacture, assembly, sale, and service of energy storage and power conditioning equipment.</p>
<p>It has a product portfolio comprising UPS systems, inverters, lift inverters, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilizers, and isolation transformers.</p>
<p>The company also undertakes engineering, procurement, and construction projects in the rooftop solar space across India.</p>
<p>Recently, Prostarm Info Systems <a href="https://www.mercomindia.com/prostarm-hindustan-power-barbrik-win-bihars-125-mw-420-mwh-bess-auction" target="_blank" rel="noopener">won</a> a capacity of 30 MW/120 MWh in Bihar State Power Generation Company’s auction to set up a standalone BESS of a cumulative capacity of 125 MW/500 MWh.</p>
<p>According to Mercom India Research’s new report, India’s Energy Storage Landscape, India <a href="https://www.mercomindia.com/india-added-341-mwh-of-energy-storage-capacity-in-2024" target="_blank" rel="noopener">installed</a> over 341 MWh of BESS in 2024, marking a more than sixfold increase from the 51 MWh installed in 2023. With these additions, India’s total installed battery energy storage capacity stood at approximately 442 MWh as of December 2024.</p>
<p>Around 60% of the installed capacity came from solar systems combined with battery storage, 36% from renewable energy integrated with round-the-clock capabilities, and approximately 4% from standalone BESS.</p>


Prostarm to Set Up 1.2 GWh BESS Manufacturing Plant in Haryana


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					</table><p>India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom India Research’s newly released report <a href="https://www.mercomindia.com/product/india-energy-storage-landscape-2024" target="_blank" rel="noopener">India&#8217;s Energy Storage Landscape</a>.</p>
<p>With these additions, India’s total installed battery energy storage capacity stood at approximately 442 MWh as of December 2024.</p>
<p>Around 60% of the installed capacity came from solar systems combined with battery storage, 36% from renewable energy integrated with round-the-clock capabilities, approximately 4% from standalone BESS, and the 0.05% of the capacity from floating solar with storage projects.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-81640 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final.png" alt="Energy Storage India" width="2764" height="1312" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final.png 2764w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-300x142.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-2000x949.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-768x365.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-1536x729.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-2048x972.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-650x309.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-624x296.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-1-final-600x285.png 600w" sizes="(max-width: 2764px) 100vw, 2764px" /></a></p>
<p>Raj Prabhu, CEO at Mercom Capital Group, stated, “India&#8217;s energy storage sector made significant progress in 2024, but it still has a long way to go to catch up with its global peers. The government&#8217;s mandate to co-locate storage with solar projects is a major catalyst. Requiring a two-hour system covering 10% of installed capacity is a strong, clear directive that has energized the market. It is already translating into market activity, with tenders and auctions gaining traction, along with a growing pipeline of projects. What we are seeing now is the beginning of a market shift with storage becoming central to India&#8217;s renewable energy strategy.&#8221;</p>
<p>Karnataka led in cumulative BESS installations with 36% of the total capacity, followed by Chhattisgarh with 27% and Gujarat with 17% in terms of installed energy storage capacity.</p>
<p>Priya Sanjay, Managing Director of Mercom India, stated, “The opportunity to efficiently utilize the full potential of renewable energy projects, falling battery costs, and technology developments has helped scale storage capacity additions. BESS can be used dynamically, including for round-the-clock power supply, meeting peak power demand, peak shaving, saving cost by using stored power during peak hours, replacing diesel generators, and more.”</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-81641 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final.png" alt="Energy Storage India" width="2506" height="1517" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final.png 2506w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-300x182.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-2000x1211.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-768x465.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-1536x930.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-2048x1240.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-650x393.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-624x378.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/Energy-Storage-2-final-600x363.png 600w" sizes="(max-width: 2506px) 100vw, 2506px" /></a></p>
<p>Policy measures such as viability gap funding (VGF), energy storage obligations, and increased budget allocations for pumped storage projects (PSPs) have supported this growth.</p>
<p>India has also added 4.7 GW of PSP capacity to date.</p>
<p>In terms of project pipeline, nearly 4 GWh of standalone BESS, over 4 GW of solar-plus-storage, and more than 16 GW of renewable energy-plus-storage projects were under development. Additionally, more than 51 GW of PSPs were in various stages of planning, 37 GW under survey and investigation, and 14 GW under development.</p>
<p>Gujarat currently has the highest standalone BESS capacity under development, followed by Maharashtra and Rajasthan. This growth has been supported by favorable renewable energy policies and the mandated annual energy storage obligations that extend through the financial year 2030 in these states.</p>
<p>In 2024, government agencies issued tenders for energy storage systems totaling nearly 27 GW, and around 17 GW of projects were auctioned, including standalone storage and projects combined with renewable energy. The number of solar-plus-storage tenders increased by 118% year-over-year in 2024, reflecting the growing demand for hybrid renewable energy solutions.</p>
<p>India’s energy storage investments also accelerated in 2024. Corporate funding in the sector reached over $174 million (~₹14.7 billion).</p>
<p>Sanjay noted that the banking sector’s willingness to lend to energy storage projects depends heavily on how it perceives risk. In the early days of solar, projects faced high interest rates due to uncertainty, but as the technology matured and projects performed per expectations, lending terms improved. A similar trend is expected for battery storage as the market matures.</p>
<p>Initiatives such as viability gap funding, production-linked incentives for domestic manufacturing, and the mandatory 20% storage requirement in new projects are providing market certainty. These measures are likely to drive down costs further and boost overall deployment.</p>
<p>For more information, visit: <a href="https://mercomindia.com/research/" target="_blank" rel="noopener">https://mercomindia.com/research/</a></p>
<p>Mercom India&#8217;s Energy Storage Landscape, 2024 report is 105 pages long and covers all facets of India&#8217;s energy storage projects. For the complete report, visit: <a href="https://www.mercomindia.com/product/india-energy-storage-landscape-2024" target="_blank" rel="noopener">https://www.mercomindia.com/product/india-energy-storage-landscape-2024</a></p>


India Added 341 MWh of Energy Storage Capacity in 2024


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					</table><p>The Gujarat Electricity Regulatory Commission (<a href="https://gercin.org/" target="_blank" rel="noopener">GERC</a>) has approved the power purchase agreement (PPA) signed between Gujarat Urja Vikas Nigam (<a href="https://www.guvnl.com/contactus.html" target="_blank" rel="noopener">GUVNL</a>) and NTPC Renewable Energy (<a href="https://ntpcrel.co.in/" target="_blank" rel="noopener">NREL</a>) for procuring 500 MW of solar power at a tariff of ₹2.78 (~$0.032)/kWh.</p>
<p>The project will be at the Khavda Renewable Energy Park in Kutch, Gujarat.</p>
<p><strong>Background</strong></p>
<p>The case originated from GUVNL&#8217;s petition seeking GERC&#8217;s approval for a PPA with NREL for 500 MW of solar power. NREL had offered to supply 500 MW of solar power to GUVNL at ₹2.78 (~$0.032)/kWh on April 12, 2023. GUVNL and NREL engaged in negotiations between April and June 2023, with the petitioner pushing for terms aligned with tariff-based competitive bidding guidelines (TBCB).</p>
<p>However, NREL maintained that the PPA was bilateral and would not follow standard TBCB clauses. Modifications were eventually agreed upon, including clauses on the scheduled commercial operation date (SCOD) and liquidated damages. The PPA was signed on March 15, 2024.</p>
<p>GUVNL argued that signing a bilateral PPA was necessary due to the advanced stage of project development in the Khavda park, which would help avoid delays typically caused by land acquisition and infrastructure bottlenecks. It also submitted that the tariff offered was within the market range seen in previous Khavda tenders, which was between ₹2.54 (~$0.029) and ₹2.89 (~$0.033)/kWh.</p>
<p>It added that it required the power to meet the renewable purchase obligations (RPOs) mandated by the Ministry of Power and the Commission. NREL did not submit a reply in the proceedings but reiterated that the agreement was not bid-based and should be treated as a negotiated deal.</p>
<p><strong>Commission’s Analysis</strong></p>
<p>GERC approved the fixed tariff of ₹2.78 (~$0.032)/kWh based on the price at which power is delivered to the interstate transmission system (ISTS). It also acknowledged that the tariff was competitive and reasonable compared to recent rates discovered in  Khavda.</p>
<p>However, since the project is expected to be completed after June 30, 2025, it will not be eligible for the government’s 100% waiver on ISTS charges. As a result, GUVNL must pay 25% of the transmission charges and energy losses for using the interstate network.</p>
<p>The Commission emphasized that the approved PPA would also facilitate the implementation of state-level renewable initiatives, such as the Kisan Suryodaya Yojana. It further clarified that approving such bilateral PPAs does not violate procurement norms when the terms are justified, and the power purchase is in the public interest.</p>
<p>GERC acknowledged that timely procurement was essential for GUVNL to comply with its RPO requirements, which are projected to reach up to 43.33% by 2029–30.</p>
<p>Recently, the GERC <a href="https://www.mercomindia.com/gerc-approves-tariff-wind-solar-power-procurement" target="_blank" rel="noopener">approved</a> a tariff of ₹3.70 (~$0.043)/kWh for the procurement of 9.9 MW of wind-solar hybrid renewable energy by a power distribution licensee in GIFT City, Gujarat.</p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates </a>to ensure you don’t miss any critical updates from the renewable industry.</p>


GERC Approves Tariff of ₹2.78/kWh for 500 MW Solar Power Procurement


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					</table><p><a href="https://www.iljin.co.in/" target="_blank" rel="noopener">ILJIN Electronics</a>, a material subsidiary of Amber Group, has entered into definitive agreements for a majority stake in Bengaluru-based <a href="https://poweroneups.com/" target="_blank" rel="noopener">Power One Micro Systems</a>.</p>
<p>Power-One offers battery energy storage systems (BESS), solar inverters (on-grid, off-grid, and hybrid), electric vehicle charging solutions, and uninterrupted power supply solutions.</p>
<p>The financial details of the transaction were not disclosed.</p>
<p>Power-One caters to multiple clients in the public and private sectors.</p>
<p>Greater Noida-based ILJIN Electronics is an integrated provider of printed circuit board (PCB) assembly and bare board PCB solutions.</p>
<p>The stake acquisition will enable ILJIN Electronics to unlock avenues of operational synergies and strategic growth opportunities. The Amber group company’s experience in electronic manufacturing services, pan-India manufacturing footprint, and R&amp;D capability will help Power-One to expand its capabilities, accelerate product innovation, and strengthen its position in the BESS, solar inverters, and solar products and services.</p>
<p>Battery energy storage is gaining traction in India, driven by the increasing integration of renewable energy into the grid. The government has <a href="https://www.mercomindia.com/government-mandates-two-hour-energy-storage-integration-in-solar-tenders" target="_blank" rel="noopener">mandated</a> renewable energy implementing agencies to incorporate a minimum two-hour co-located energy system, equivalent to 10% of the annual solar installed capacity, in all future tenders.</p>
<p>Renewable energy experts speaking at Mercom India’s Coimbatore C&amp;I Clean Energy Meet <a href="https://www.mercomindia.com/battery-energy-storage-systems-are-phasing-out-diesel-generators" target="_blank" rel="noopener">opined</a> that BESS will likely phase out power banking in the coming years.</p>
<p>Earlier this year, the Ministry of Power <a href="https://www.mercomindia.com/government-54-billion-vgf-battery-storage" target="_blank" rel="noopener">announced</a> the second tranche of viability gap funding (VGF) to support BESS development. Under this tranche, a VGF of ₹1.8 million (~$21,043)/MWh will be provided to support the development of 30 GWh of BESS capacity.</p>
<p>According to Mercom’s Annual and Q4 2024 Solar Funding and M&amp;A Report, mergers and acquisitions <a href="https://mercomindia.com/corporate-funding-in-the-solar-sector-dropped-24-yoy-in-2024" target="_blank" rel="noopener">witnessed</a> a 15% YoY decline in 2024, with 82 transactions compared to 96 in 2023. There were 82 such transactions announced in 2024, with 21 projects costing $17.3 billion. By comparison, 96 companies (27 of which were disclosed) were acquired for $12.4 billion in 2023.</p>


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