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					</table><p>The Ministry of Power <a href="https://www.mercomindia.com/government-mandates-two-hour-energy-storage-integration-in-solar-tenders/" target="_blank" rel="noopener">mandated</a> that all renewable energy implementing agencies and state utilities incorporate a minimum two-hour co-located energy storage system equivalent to 10% of the installed solar capacity in all solar tenders. The Ministry said distribution licensees could also consider mandating two-hour storage with rooftop solar installations. If the proposed mandates are implemented, the government expects approximately 14 GW/28 GWh of storage to be installed by 2030.</p>
<p>The Rajasthan government <a href="https://www.mercomindia.com/rajasthan-announces-150-units-of-free-electricity-with-rooftop-solar-projects/" target="_blank" rel="noopener">announced</a> 150 units of free monthly electricity for the beneficiaries of the Chief Minister Free Electricity Program. The announcement was made by the state Finance Minister, Diya Kumari, while presenting the state budget for 2025-2026. Leveraging the PM Surya Ghar: Muft Bijli Yojana, the government has said it will install free rooftop solar systems for the beneficiaries of the state program which was providing 100 units of free electricity. The free units have now been increased to 150.</p>
<p>Power Grid Corporation of India <a href="https://www.mercomindia.com/powergrid-7-mw-rooftop-solar-systems/" target="_blank" rel="noopener">invited</a> bulk contract bids to supply and install 7 MW of rooftop solar systems on its buildings in northern and western regions under the PM Surya Ghar: Muft Bijli Yojana. The northern region will have a total capacity of 4 MW, while the total capacity will be 3 MW for western regions. In the western region, the total capacity will be 3 MW, with installations in Gujarat, Madhya Pradesh, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Goa, and Chhattisgarh.</p>
<p>The Assam Power Distribution Company <a href="https://www.mercomindia.com/assam-invites-bids-for-134-mw-rooftop-solar-projects/" target="_blank" rel="noopener">invited</a> bids to set up rooftop solar projects with a cumulative capacity of 134 MW across government buildings under the PM Surya Ghar: Muft Bijli Yojna. The capacity will be divided into 76 MW in lower Assam, 31 MW in central Assam, and 27 MW in upper Assam. Bids must be submitted by March 11, 2025. Bids will be opened on March 12. The scope of work entails the design, supply, installation, testing, and commissioning of the projects.</p>
<p>Rooftop solar financing company Credit Fair <a href="https://www.mercomindia.com/credit-fair-secures-5-million-from-symbiotics-for-rooftop-solar-financing/" target="_blank" rel="noopener">raised</a> $5 million (₹415 million) from the $75 million (₹6.22 billion) ‘Green Basket Bond’ issued by Symbiotics Investments. Credit Fair intends to use the funds to finance 2,500 rooftop solar projects, targeting residential customers, micro, small, and medium enterprises, and housing societies in tier-2 and tier-3 cities. It also aims to utilize the funds to provide financing options to underserved communities and make renewable energy accessible.</p>
<p>The Ministry of Heavy Industries <a href="https://www.mercomindia.com/reliance-signs-agreement-for-10-gwh-battery-storage-under-pli-program/" target="_blank" rel="noopener">signed</a> a program agreement with Reliance New Energy Battery, a subsidiary of Reliance Industries, for a capacity of 10 GWh under the Production Linked Incentive (PLI) Program For Advanced Chemistry Cell (ACC). With this agreement, a cumulative capacity of 40 GWh has been allocated to four firms out of the total 50 GWh capacity. The initial bidding for the ACC Energy Storage PLI Program concluded in March 2022, awarding 30 GWh capacity to Ola Electric Mobility (20 GWh), Reliance New Energy (5 GWh), and Rajesh Exports (5 GWh).</p>
<p>Borosil Renewables <a href="https://www.mercomindia.com/borosil-hurt-by-cheaper-chinese-solar-glass-loss-widens-in-q3-fy-2025/" target="_blank" rel="noopener">reported</a> a net loss of ₹300.7 Million (~$3.46 million) in the third quarter (Q3) of the financial year (FY) 2025, from a loss of ₹158.9 million (~$1.83 million) in Q3 FY 2024. The company attributed the higher loss to a significant reduction in average selling prices of solar glass, which dropped from ₹113 (~$1.3)/mm in Q2 FY 2025 to ₹108 (~$1.2)/mm in Q3 FY 2025 due to price cuts by Chinese exporters and lower ocean freight costs. The company’s revenue for the quarter stood at ₹3.61 billion (~$41.52 million), a 9.4% year-over-year growth but a 3.1% quarter-over-quarter decline.</p>
<p>Government-owned power generation company SJVN’s revenue <a href="https://www.mercomindia.com/sjvns-q3-revenue-rises/" target="_blank" rel="noopener">rose</a> to ₹7.61 billion (~$87.52 million in Q3 FY 2025, a 25% year-over-year (YoY) increase from ₹6.08 billion (~$69.92 million). Revenue from renewable energy sources (wind and solar) increased 265% YoY to ₹530.2 million (~$6.09 million) from ₹145.3 million (~$1.67 million). The company’s net profit increased 7% to 1.49 billion (~$17.13 million) compared to ₹1.39 billion (~$15.98 million) in the corresponding quarter of FY 2024.</p>


Daily News Wrap-Up: Two-Hour Energy Storage Integration Mandated for Solar Tenders


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					</table><p><a href="https://www.mercomindia.com/seven-companies-10-gwhcell-capacity-pli/" target="_blank" rel="noopener"><strong>The Ministry of Heavy Industries’ tender to select manufacturers for Advanced Chemistry Cells under the Production Linked Incentive program has garnered bids seven times</strong></a> more than the 10 GWh capacity to be awarded. The bidders are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries (Gensol Group), JSW Neo Energy, Reliance Industries, Lucas TVS, and Waaree Energies for a cumulative capacity of 70 GWh.</p>
<p><a href="https://www.mercomindia.com/seci-solar-project-storage-ladakh/" target="_blank" rel="noopener"><strong>Solar Energy Corporation of India has invited bids for the design, engineering, supply, construction, erection, testing, commissioning, and operation</strong></a> and maintenance of a 25 MW solar power project with a 20 MW/50 MWh battery energy storage system at Taru, Leh, UT of Ladakh, India. The last date for the submission of bids is May 13, 2025. Bids will be opened on the same day. Bidders must pay ₹29,500 (~$355) as a tender processing fee.</p>
<p><a href="https://www.mercomindia.com/gencos-can-sell-surplus-power-market/" target="_blank" rel="noopener"><strong>The Ministry of Power has clarified that power stations must always be available and ready to dispatch power according to the Tariff Policy 2016.</strong></a> Power generators can sell surplus power in the power market to best use unutilized generation capacity. The clarification, sent to energy departments of all states and generating companies, comes amid concerns that some power generators are not offering surplus power in the power market, leading to unused capacity.</p>
<p><a href="https://www.mercomindia.com/ntpc-rel-bos-solar-project-in-karnataka/" target="_blank" rel="noopener"><strong>NTPC Renewable Energy has invited bids to supply the balance of system package for 1.1 GW inter-state transmission system-connected wind power projects in Bijapur</strong></a>, Karnataka (Tranche II). Bidders must procure land for the project and develop infrastructure, such as roads and substations. The last date to submit the bids is May 27, 2024. Bids will be opened on the same day. The cost of bidding documents is ₹22,500 (~$270). Additionally, all bids must be supported by a bid security declaration.</p>
<p><a href="https://www.mercomindia.com/sjvn-green-bos-tender-maharashtra/" target="_blank" rel="noopener"><strong>SJVN Green Energy has rolled out a tender for the supply and installation of Balance of System packages, including power evacuation infrastructure</strong></a> and comprehensive operation and maintenance services for three years for 400 MW of solar photovoltaic power projects across four locations in Maharashtra. The last date to submit bids is May 14, 2024. Bids will be opened on the same day. The 400 MW solar capacity encompasses four separate projects.</p>
<p><a href="https://www.mercomindia.com/maxeon-patent-infringement-claims/" target="_blank" rel="noopener"><strong>Maxeon Solar Technologies, a Singapore-based solar solutions provider, has filed infringement claims against Canadian Solar, REC Solar, and Hanwha for violating three patents</strong></a> relating to the TOPCon (tunnel oxide passivated contact) technology it holds. It has been alleged that the three companies were manufacturing, importing, and selling N-type solar panels using TOPCon cells. In lawsuits filed in the federal district court in Texas, Maxeon has sought damages from the three companies and injunctions to stop making or selling N-type panels using TOPCon cells.</p>


Daily News Wrap-Up: Seven Companies in Race for 10 GWh ACC Capacity Under PLI

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