The Kerala State Electricity Regulatory Commission approved multiple energy banking agreements entered by the Kerala State Electricity Board (KSEB) to manage surplus power efficiently. The Commission approved KSEB’s banking transaction with Punjab State Power Corporation from May 24, 2024, to June 1, 2024, with the return of 105% of the banked power in April 2025. KSERC also ratified another banking agreement between KSEB and Manikaran Power from August 1, 2024, to September 30, 2024, with 105% of the banked power returned from March 16, 2025, to May 31, 2025.

The Maharashtra Electricity Regulatory Commission rejected the Captive Power Producers Association’s petition seeking amendments to existing open access regulations and allowing them to set up wind-solar-thermal hybrid power projects. The Commission emphasized that substantial regulatory changes would be necessary to accommodate bundling thermal and renewable energy sources.

The Appellate Tribunal for Electricity (APTEL) dismissed an appeal by the Hubli Electricity Supply Company against an order of the Karnataka Electricity Regulatory Commission in 2021 granting a tariff increase for a solar project to compensate for higher costs due to changes in tax laws. APTEL upheld the Commission’s ruling, allowing an additional incremental tariff of ₹0.39 (~$0.005)/kWh for 22 years over the existing tariff of ₹2.91 (~$0.035)/kWh, ensuring recovery of ₹217.5 million (~$2.62 million) for the solar project.

APTEL quashed an order issued by the Madhya Pradesh Electricity Regulatory Commission, which reduced the tariff for a 50 MW wind project from ₹5.92 (~$0.068)/kWh to ₹4.78 (~$0.055)/kWh citing commissioning delay. The Tribunal ruled that the developer is eligible for a tariff of ₹5.92 (~$0.068)/kWh from the date of electricity supply into the grid. It also directed Madhya Pradesh State Power Transmission Company to make the required payments and carrying costs at the late payment surcharge rate within three months of the judgment.

Buyers and sellers in the solar sector got a unique opportunity to share information about products and services and foster business-to-business connections at Mercom India’s first RE Buyer-Seller Meet in Bengaluru on February 7, 2025. The well-attended event saw solar equipment, a balance of systems, and other component manufacturers sharing information about their solutions with vendors and distributors. Attendees also gained valuable insights into the latest trends in the solar industry from experts in the field at the two-panel discussions on key themes moderated by Priyadarshini Sanjay, Managing Director, Mercom India.

Uttar Pradesh New and Renewable Energy Development Agency invited bids to set up a 5 MW solar power project in Mau, Uttar Pradesh. Bids must be submitted by March 10, 2025. Bids will be opened on the next day. Selected bidders must furnish ₹2 million (~$23,053)/MW as a performance bank guarantee within 30 days of issuing the letter of intent.

The Madhya Pradesh government announced a maximum state subsidy of ₹50,000 (~$570.99) per four-wheeler electric vehicle in its new draft electricity vehicle policy 2025. The policy will be valid for five years. It covers battery and fuel-cell electric vehicles. The Urban Development and Housing Department under the state government will be the nodal department, and MP Power Management Company will be the nodal agency for the program.

The U.S. module manufacturing capacity surpassed 50 GW, according to a recent report by the Solar Energy Industries Association (SEIA). This growth could allow the U.S. to produce enough modules to meet its current demand. SEIA said module manufacturing has grown five-fold since federal energy policies, such as the Inflation Reduction Act, were passed. The association claims the policies allowed the U.S. to become the third-largest solar module producer globally.