The Karnataka Electricity Regulatory Commission stayed the imposition of grid support charges on captive power projects, including rooftop solar projects, that comply with Section 9 of the Electricity Act, 2003, and the Electricity Rules, 2005. The order comes after stakeholders submitted multiple representations, arguing that grid support charges imposed by electricity supply companies are inconsistent with the Electricity Act 2003 and may discourage captive power generation investments.

Hartek Group’s commercial and industrial rooftop solar business won a solar engineering, procurement, and construction (EPC) contract from Kandhari Beverages for an 8 MW rooftop solar installation project in Jammu and Kashmir. Hartek Group’s EPC services will include designing and procuring solar modules, inverters, and associated equipment, as well as testing and project commissioning. The company will also provide operations and maintenance services for one year.

All India Institute of Medical Sciences Guwahati issued an expression of interest for the installation and maintenance of a 2 MW solar power project at its premises under the renewable energy service company model. Selected bidders must design, engineer, supply, install, test, and commission the project and associated infrastructure.

The Cochin Port Trust, under the Ministry of Ports, Shipping, and Waterways, invited bids to set up a 1.5 MW grid-connected floating solar power project at Willingdon Island Cochin Port Authority under the renewable energy service company model. The project’s estimated cost is ₹62.55 million (~$723,472). Selected bidders must survey, design, engineer, manufacture, supply, erect, and commission the project. They must also provide storage and conduct civil works for the project, and provide operation and maintenance services for 25 years.

Sterling and Wilson Renewable Energy, the EPC arm of the Shapoorji Pallonji Group, posted a net profit of ₹171.4 million (~$1.97 million) in the third quarter of the financial year 2025, swinging from a net loss of ₹623.9 million (~$7.21 million) in the same quarter last year. The third quarter profit marks the fourth consecutive quarter of profit for the company.

NHPC invited bids to procure three midi-intracity, 30-seater, hydrogen fuel cell electric buses for Ladakh and Himachal Pradesh. Selected bidders must design, engineer, manufacture, and supply three hydrogen fuel cell buses to Leh in Ladakh and Chamba in Himachal Pradesh. They must also provide freight and transit insurance and three-year comprehensive maintenance. The buses must be procured from Ashok Leyland, i.e., original equipment manufacturer of hydrogen fuel cell electric buses.

responsAbility, a Switzerland-based impact asset manager, announced an investment of up to $20 million (₹1.7 billion) in New Delhi-based electric commercial vehicles manufacturer Euler Motors. The funding is part of responsAbility’s $500 million (₹42.5 billion) climate investment strategy to reduce CO2 emissions in Asia by supporting e-mobility solutions. Euler Motors aims to utilize the funding to scale production and expand its market presence in Tier 1 and 2 cities.

Ecozen, a Pune-based company focused on clean energy solutions, raised over $23 million in debt funding. Investors for this round included responsAbility Investments, Northern Arc Capital, and Maanaveeya Development & Finance. The company plans to use the funds to scale its current businesses and expand its operations within India and abroad. This round of investment will be directed toward scaling Ecozen’s flagship solutions, including Ecotron, Ecofrost, and advanced motor control systems. Ecozen recorded a compound annual growth rate of over 83% in revenue over the past three years.

Refex Green Mobility will acquire Gensol’s 2,997 electric vehicles and assume the associated debt of ₹3.15 billion (~$36.43 million). This strategic tie-up will involve Refex Group’s electric four-wheeler (e4W) fleet company, Refex eVeelz, assuming Gensol’s existing loan facility, streamlining operations, and enhancing the deployment of e4Ws across key markets, including Chennai, Bengaluru, Hyderabad, Mumbai, and Pune. Refex eVeelz plans to lease these vehicles to Blu-Smart Mobility, an electric mobility platform operating in Delhi NCR and Bengaluru.