Eleven companies won Solar Energy Corporation of India’s (SECI) Tranche XX auction to set up 2,000 MW interstate transmission system (ISTS)-connected solar projects, along with 1,000 MW/4,000 MWh energy storage systems. The winners are Welspun Renewable Energy, MB Power (Madhya Pradesh), Shivalaya Construction, Oswal Cables, Purvah Green Power, Banyan Insolation (Datta Infra), LC Infra Projects, Stockwell Solar Services, SAEL Industries, GH2 Solar, and Navayuga Green Energy.

The Bihar Electricity Regulatory Commission (BERC) set a target of meeting 43.33% of its energy requirements from renewable sources by the financial year 2030. The regulations will apply to distribution licensees (DISCOM), consumers using conventional captive generation of 1 MW and above, non-renewable cogeneration projects, and open-access consumers procuring conventional power, including third-party sale. Where an obligated entity draws partly through open access or captive mode and partly from the DISCOM, the obligation will apply only to the consumption from sources other than the DISCOM concerned.

The Gujarat Electricity Regulatory Commission retained banking charges of ₹1.5 (~$0.016)/kWh for open access consumers, amending the Gujarat Electricity Regulatory Commission (Terms & Conditions for Green Energy Open Access) to include these charges. The banking charges will apply from September 2025 to March 2026. According to Mercom’s Q4 and Annual India Solar Open Access Market Report, Gujarat allows daily energy banking between 7 am and 6 pm for solar open access projects and monthly energy banking for wind-solar hybrid energy projects. The state does not impose banking charges on the surplus power from wind-solar hybrid projects. The state allows 100% energy banking for captive and third-party sales.

SECI issued a request for selection to set up 600 MW of ISTS-connected wind power projects across India under Tranche XIX. The projects can be located anywhere in India. Bids must be submitted by November 24, 2025. Bids will be opened on November 27. The scope of work includes setting up the wind project and establishing the transmission network up to the interconnection or delivery point. It also involves land identification, securing ownership, and obtaining all approvals and clearances from relevant state and local authorities.

Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of the Waaree Group, secured a letter of award for the EPC of a 150 MW ground-mounted solar project from an undisclosed renewable energy company for approximately ₹1.56 billion (~$17.81 million). Waaree will execute the project during the financial year 2027. In a regulatory filing, Waaree clarified that no promoter/promoter group/group companies have any interest in the project awarding entity. This transaction will also not fall within related party transactions.

The Advanced Carbons Company (TACC), a part of LNJ Bhilwara Group, secured a credit facility of ₹12.3 billion (~$139.93 billion) from the State Bank of India to finance its upcoming lithium-ion battery-grade graphite anode material manufacturing plant in Dewas, Madhya Pradesh. In its first phase, TACC plans to produce 20,000 metric tons (MT) of active anode materials annually, with a planned scale-up to 100,000 MT. In parallel, the company is also advancing the commercial production of graphene and its derivatives, targeting over 4,000 MT annually. Once operational, the Dewas plant will supply graphite anodes needed for electric vehicle batteries and utility-scale energy storage systems.

Electric vehicle manufacturer Ola Electric launched Ola Shakti, a residential sector-focused battery energy storage system (BESS) in four configurations. The storage system will come in 1.5 kWh, 3 kWh, 5.2 kWh, and 9.1 kWh configurations. Ola claims it has a charging time of two hours and a backup capacity of up to one and a half hours. The energy storage systems are powered by Ola’s indigenous 4680 cell technology and its automotive battery packs. Ola said the BESS’ modular design allows for multi-directional stacking and easy scalability. Ola Shakti delivers automotive-grade safety and achieves industry efficiency of up to 98%, with zero operational and maintenance costs.

Noida-based wind energy solutions company Inox Wind announced its decision to invest ₹4 billion (~$45.09 million) in establishing a wind turbine-blade manufacturing unit in Kushtagi, Koppal district, Karnataka. The project includes an initial investment of ₹3 billion (~$33.82 million) to set up the blade manufacturing plant, followed by an additional ₹1 billion (~$11.27 million) for wind tower fabrication. The facility will be developed on 70 acres of land in Kyadiguppa village. Inox Wind is part of the Inox GFL Group, with a diversified presence across refrigerants, fluoropolymers, specialty chemicals, wind energy, and renewables.