Daily New Wrap-Up: Meghalaya Issues Draft MYT Regulations Through FY 2030

India’s rooftop solar installations surge by 125% YoY in Q1 2026

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The Meghalaya State Electricity Regulatory Commission (MSERC) issued draft Multi-Year Tariff (MYT) Regulations, 2026, to determine tariffs effective from April 1, 2027. The draft regulations will apply across Meghalaya to existing and future generating companies, transmission licensees, distribution licensees, the State Load Despatch Center, and their successors.

India added 2.7 GW of rooftop solar capacity in the first quarter (Q1) of 2026, a year-over-year growth of 125.4% from 1.2 GW and a 25.4% quarter-over-quarter jump from 2.2 GW, according to Mercom India Research’s newly released Q1 2026 India Rooftop Solar Market Report. India’s cumulative rooftop solar installations reached 23.5 GW at the end of March 2026.

MSERC introduced new provisions on the sale of power, open access, obligations and duties of renewable energy-based generating stations, and tariff structure for renewable energy technologies. The (Terms and Conditions for Determination of Tariff for Generation from Renewable Energy Sources) (First Amendment) Regulations, 2025, seek to amend Chapter 4 of the principal regulations, which deal with general conditions.

The Tamil Nadu Electricity Regulatory Commission approved a provisional additional tariff subsidy of ₹15.45 billion (~$161.3 million) for FY 2026-27 to compensate Tamil Nadu Power Distribution Corporation for revenue loss from the state government’s decision to increase free electricity for domestic consumers. The subsidy applies to domestic consumers who consume up to 500 units in a bimonthly billing cycle.

India recently rejected a request from China to set up a dispute panel at the World Trade Organization (WTO) to investigate India’s tariffs on imported high-tech goods and incentives for solar energy products. China wanted a dispute panel to determine whether import tariffs and incentive measures for solar energy products that it says are contingent on the use of domestic rather than imported goods are consistent with India’s WTO commitments.

NTPC Green Energy declared the commercial operation of 105 MW of solar capacity at the 1,200 MW Khavda II project in Gujarat. The capacity represents the eighth and final part of the Khavda II solar project. The commercial operation of the project began on May 28, 2026. NTPC Green’s commercial capacity stands at 10,516.40 MW while its total installed capacity increases to 10,621.40 MW upon the addition of the 105-MW project.

Greenvolt Group, a renewable energy project developer, completed an additional €70 million (~$81.4 million) issuance of its Green Bonds 2029, increasing the total issue size to €170 million (~$197.9 million). The company placed the additional issuance, known as a tap issue, exclusively with qualified investors. The new bonds will be fungible with the existing issuance and can be traded in the market by any investor.

Solar solutions company Evolve Green Energies secured a debt capital commitment of ₹1.05 billion (~$11 million) from Aseem Infrastructure Finance to fund the development of its 30 MW rooftop and group captive solar portfolio across India. Evolve will use this funding to accelerate the expansion of its distributed solar portfolio across government, industrial, and commercial client segments, focusing on high-credit offtakers and long-tenor power purchase agreements.

Independent power producer JSW Energy raised ₹39.99 billion (~$417 million) through a qualified institutional placement of equity shares. The transaction marked JSW’s second equity raise since its bourse listing in 2010. JSW Energy allotted 76.19 million equity shares with a face value of ₹10 (~$0.10) each to qualified institutional buyers at an issue price of ₹525 (~$5.49) per share.

Germany’s Federal Network Agency invited bids for 2,134.57 MW of ground-mounted solar projects. The last date to submit bids is July 1, 2026. The ceiling tariff for the auction has been set at €0.059 (~$0.069)/kWh. The ceiling tariff was calculated as the average of the highest successful bid values from the last three auction rounds for which results had been announced.

The U.S. brought online over 70 new domestic clean energy component manufacturing facilities in 2025, according to a report by the American Clean Power. Of these, over 55 manufacture primary supply chain components for the renewable energy sector. In the first three months of 2026, the U.S. added 10 manufacturing facilities, half of which produce primary components.

Kyivstar Group, a subsidiary of digital operator VEON, acquired six solar power projects totaling 105 MW in Ukraine’s Lviv region for $80.8 million. The acquisition expands Kyivstar’s renewable energy generation portfolio nearly ninefold. Kyivstar entered the renewable energy sector in December 2025 with the acquisition of the 13 MW Sunvin 11 solar project.

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