Other

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POWERGRID Wins PFC Consulting’s ISTS Tender to Evacuate 2.7 GW of Renewables

Power Grid Corporation of India (POWERGRID) has won PFC Consulting’s auction to establish an interstate transmission system (ISTS) for network strengthening at the...

April 2, 2026

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Parth Shukla

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Grid

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Tenders and Auctions
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MNRE Floats Consultancy Tender for National Renewable Energy Portal Operations

The Ministry of New and Renewable Energy (MNRE) has issued a tender to select an agency to undertake data collection, upkeep, operation, and maintenance of the National...

April 2, 2026

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Meghana Prasad

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Renewable Energy

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Tenders and Auctions
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Inox Clean Acquires Macquarie-Owned Vibrant Energy for ₹50 Billion

Inox Clean Energy has completed the acquisition of Vibrant Energy, a renewable energy platform owned by Macquarie and other shareholders, for approximately ₹50 billion...

April 2, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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NTPC to Invest ₹58 Billion in 4.7 GWh Battery Energy Storage System

NTPC has approved an investment proposal for a 4.7 GWh battery energy storage system (BESS) with an estimated project cost of ₹58.22 billion (~$623.22 million). Recently,...

April 2, 2026

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Parth Shukla

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Energy Storage

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Finance and M&A
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Supreme Court Backs Maharashtra on Ending Power Duty Exemptions

The Supreme Court has upheld the Maharashtra government’s authority to withdraw or modify electricity duty exemptions granted to captive power generators, while...

April 2, 2026

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Arjun Joshi

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Market & Policy

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Other
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Daily News Wrap-Up: MNRE Approves Renewable Energy CfD Pilot

The Ministry of New and Renewable Energy (MNRE) approved a pilot Contracts for Difference (CfD) program for renewable energy, with the Solar Energy Corporation of India...

April 2, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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GERC Extends ₹1.50/kWh Banking Charge for Green Open Access Until June 2026

The Gujarat Electricity Regulatory Commission (GERC) has extended the applicability of the ₹1.50 (~$0.0159)/kWh banking charge under the state’s green energy open access...

April 1, 2026

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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CERC Notifies Phased Move to Schedule-Based Deviation for Wind, Solar Under DSM

The Central Electricity Regulatory Commission (CERC) has determined the value of “X” for computing deviation by wind and solar sellers under the Deviation Settlement...

April 1, 2026

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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PFC Tenders Transmission System to Evacuate 2.7 GW of Pumped Storage Capacity

PFC Consulting has invited bids to set up an intrastate transmission system by setting up the 400 kV Igatpuri-Murbad switching station to evacuate 2.7 GW of pumped...

April 1, 2026

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Rakesh Ranjan

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Grid

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Tenders and Auctions
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MNRE Approves 500 MW Pilot CfD Program for Renewable Energy

The Ministry of New and Renewable Energy (MNRE) has approved a pilot Contracts for Difference (CfD) program for renewable energy, with the Solar Energy Corporation of...

April 1, 2026

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Arjun Joshi

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Renewable Energy

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Tenders and Auctions
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Daily News Wrap-Up: MoP Invokes Emergency Clause to Raise Coal Power Output

The government has begun invoking emergency powers under Section 11 of the Electricity Act to direct coal-based thermal power plants to increase generation, given the...

April 1, 2026

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Mercom Staff

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Daily Wrap-up
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Project Finance Brief: Doral Secures $900 Million for Solar-Storage Project

From: Mercom Capital Group Doral Renewables, a utility-scale renewable energy project developer, closed nearly $900 million in financing for its Cold Creek...

April 1, 2026

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: TerraSpark Secures $5.7 Million

From: Mercom Capital Group TerraSpark, a space-based solar energy solutions provider, secured €5 million (~$5.7 million) in a funding round led by Daphni, Sake Bosch,...

April 1, 2026

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Staff

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Finance and M&A

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Other
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MENA Weekly Round-Up: Egypt Signs 5.6 GW Renewable and Battery Storage Deals

Egypt signed agreements for renewable energy and battery storage projects totaling 5.62 GW. The deals include wind and solar projects, as well as large-scale battery...

April 1, 2026

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Meghana Prasad

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Market & Policy

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Renewable Energy
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IREDA Secures $175 Million from SMBC for Lending to Renewable Energy Projects

Indian Renewable Energy Development Agency (IREDA) has entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise an external commercial...

April 1, 2026

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Meghana Prasad

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Finance and M&A

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Renewable Energy

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