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

CERC notifies phased move to schedule-based deviation for wind, solar under DSM

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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 (SECI) designated as the nodal agency. Under the approved framework, SECI will issue a tender for 500 MW of renewable energy capacity to supply 1,500 MWh of power during three non-solar hours each day.

The Central Electricity Regulatory Commission (CERC) determined the value of “X” for computing deviation by wind and solar sellers under the Deviation Settlement Mechanism (DSM) Regulations, 2024. The revised framework will come into force from April 1, 2026. The implementation of the order, however, is subject to the outcome of writ petitions pending before the Delhi High Court challenging provisions of the DSM Regulations, 2024.

The Himachal Pradesh Electricity Regulatory Commission (HPERC) notified the Deviation Settlement Mechanism (DSM) (Third Amendment) Regulations, 2026, which retain the proposed volume limits for buyers and align them with the Central Electricity Regulatory Commission DSM Regulations, 2024. The Commission rejected stakeholder suggestions to relax or restructure deviation limits.

The Gujarat Electricity Regulatory Commission extended the applicability of the ₹1.50 (~$0.0159)/kWh banking charge under the state’s green energy open access framework until June 30, 2026. The amendment modifies provisions under the Gujarat Electricity Regulatory Commission (Terms and Conditions for Green Energy Open Access) Regulations, 2024. There is no change in other aspects of the banking framework, including eligibility, settlement mechanisms, or operational conditions.

The Ministry of Heavy Industries amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement program, reducing incentives for electric two-wheelers and three-wheelers. The amendment clarifies that the program remains strictly fund-limited, with a total approved outlay of ₹109 billion (~$1.16 billion).

The Karnataka Electricity Regulatory Commission extended the Discounted Energy Rate Scheme (DERS) to open access consumers. A reduced tariff will apply to consumers under DERS. With open access consumers coming under DERS’ ambit, the reduced tariff will apply to consumers across all categories.

MNRE issued the draft Firmware Development Guidelines for local device configuration and remote communication application programming interface applicable to dataloggers deployed in rooftop solar systems under the PM Surya Ghar: Muft Bijli Yojana. Stakeholders can submit their feedback within 15 days.

HPERC slightly issued tariffs across all consumer categories for the financial year 2026-27. The tariffs will come into force by April 1, 2026. The Commission has reduced energy charges for domestic-category power consumers with electricity consumption between 0 and 60 units to ₹4.71 (~$0.050)/kWh from ₹4.72 (~$0.050)/kWh.

Northern Railways issued a tender to set up 2,150 kW of grid-connected solar projects with net metering at station/service buildings of its Firozpur division in Punjab. The tender has an advertised value of ₹110.53 million (~$1.2 million). Bids must be submitted by April 20, 2026. The scope of work entails setting up the solar projects, as well as supplying, installing, testing, and commissioning 15 net meters of various capacities, including meter sets and meter boxes. It also involves paying the registration, feasibility, and testing fees.

Adani Green Energy, through its step-down subsidiaries, commissioned 360.5 MW of renewable energy projects at Bandha in Rajasthan, and Khavda in Gujarat. It has also operationalized 1,376 MWh battery storage projects in Khavda. The commissioned renewable energy projects comprise 137.5 MW in Bandha and 223 MW in Khavda.

PFC Consulting 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 storage capacity in Thane, Maharashtra. The scope of work includes survey, formulation of a detailed project report, arranging finance, project management, securing consents and clearances, design, engineering, construction, erection, testing, and commissioning.

Indian Renewable Energy Development Agency entered into a facility agreement with Sumitomo Mitsui Banking Corporation to raise an external commercial borrowing amounting to ¥28 billion (~$175.37 million), including a greenshoe option of ¥12 billion (~$75.16 million), to strengthen its funding base and expand lending capacity. The proceeds from the facility will be utilized to support sustainable financing initiatives, in line with the company’s focus on renewable energy and green projects.

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