Daily News Wrap-Up: Industry Supports Upstream Solar Lending Push

NLC India wins contract for 110 MW solar projects in Uttar Pradesh

December 16, 2025

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The Ministry of New and Renewable Energy’s (MNRE) recent advisory to banks and financial institutions, calling for prudence in lending to standalone solar module manufacturing, has been welcomed by the renewable energy sector. Stakeholders say capital should flow into parts of the renewable energy ecosystem that have remained underdeveloped. In an office memorandum, MNRE urged the Department of Financial Services to ensure that financing decisions “adopt a calibrated and well-informed approach” when lending to module manufacturing amid overcapacity.

NLC India received a letter of acceptance from the National Capital Region Transport Corporation (NCRTC) for setting up 110 MW ground-mounted solar projects in Uttar Pradesh. The tender was floated in August 2025. The projects will be developed in captive mode. The scope of work includes establishing the 110 MW solar projects through a special-purpose vehicle.

The Central Electricity Authority identified 73 items used in the power transmission and distribution sector to formulate a comprehensive localization strategy based on criticality, feasibility, and industry readiness. India has been importing these critical items due to technology gaps, limited domestic manufacturing capabilities, or economies-of-scale challenges.

The Ministry of New and Renewable Energy urged wind project developers to place work orders immediately to install remote-controlled supervisory control and data acquisition (SCADA) systems at all earmarked Indian Air Force (IAF) stations. The Ministry of Defence, while issuing no-objection certificates for wind/solar projects, stipulates a condition that since wind turbine generators (WTG) affect the performance of air defence radars by generating Doppler signatures resembling actual aircraft, thereby creating spurious plots/tracks, they should be switched off during war/contingencies/for operational activities, as and when required by IAF.

The Uttar Pradesh Electricity Regulatory Commission approved tariffs for 136.4 MW solar projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan program. The approvals cover two project batches. The first batch covers 29 projects with a total capacity of 67.5 MW. The second batch consists of 26 projects totaling 68.9 MW. The approved tariffs ranged from ₹2.48(~$0.027)/kWh to ₹2.99 (~$0.033)/kWh.

Uttar Pradesh retained the retail supply tariffs for the domestic, commercial, and industrial sectors in the financial year (FY) 2026. The Uttar Pradesh Electricity Regulatory Commission has set energy charges for commercial category power consumers at ₹8.32 (~$0.09)/kVAh at the 11 kV level, and ₹8.12 (~$0.089)/kVAh for above 11 kV and up to 66 kV. Energy charges for industrial category power consumers have been set at ₹7.1 (~$0.078)/kVAh at the 11 kV level, ₹6.8 (~$0.075)/kVAh for 11 kV and up to 66 kV, and ₹6.4 (~$0.07)/kVAh for above 66 kV and up to 132 kV.

The Rajasthan Electricity Regulatory Commission approved tariffs ranging from ₹216,000 (~$2,514.36) to ₹219,000 (~$2,469.37)/MW/month for NTPC Vidyut Vyapar Nigam’s 500 MW/1,000 MWh standalone battery energy storage systems (BESS) in Rajasthan. The Commission also approved the trading margin of ₹0.07 (~$0.00079)/kWh.

The Arunachal Pradesh Electricity Regulatory Commission issued the draft Deviation Settlement Mechanism and Related Matters Regulations, 2025, to establish a commercial mechanism to ensure grid users’ adherence to scheduled electricity drawal and injection and maintain grid security and stability. The regulations apply to all sellers with installed capacity of 1 MW and above connected to the intrastate transmission system, including renewable energy, except wind and solar open access generators and captive generators.

The Solar Energy Corporation of India invited bids to set up 8,900 kW of grid-connected rooftop solar projects on Jawahar Navodaya Vidyalaya’s buildings under the renewable energy service company mode (RTSPV Tranche VI) in 13 states/union territories.

Delhi-based Jakson Engineers, a subsidiary of Jakson Group, signed an agreement with a European technology provider, Ecoprogetti, to set up a solar module recycling plant in India. The facility will be capable of recycling roughly 500,000 or 300 MW of solar modules annually. The recycling plant will process 60 panels or 1.62 tons of material per hour. This will translate to over 13,500 tons of solar waste processed per year.

Kolkata-based power and distribution transformer company Marsons received two orders totaling ₹349.4 million (~$3,85 million) from Galaxy Solar Energy and LC Infra Projects for inverter duty transformers (IDT) and extra-high-voltage power transformers, respectively. Marsons will supply 72 IDT transformers of various ratings to Galaxy Solar for ₹250.28 million (~$2.76 million) and one each of 70 MVA and 80 MVA 132 kV EHV power transformers to LC Infra for ₹99.12 million (~$1.1 million).

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