Tata Steel Gets Approval for 50 MW SECI Solar Procurement
The Jharkhand State Electricity Regulatory Commission (JSERC) has approved Tata Steel’s procurement of 50 MW of solar power from Solar Energy Corporation of India (SECI). The regulatory approval enables Tata Steel to strengthen renewable electricity sourcing for its operations in Jharkhand and supports the company’s efforts to increase clean energy consumption. Large industrial consumers are becoming increasingly important drivers of India’s renewable power market as companies pursue decarbonisation and sustainability targets. The decision also highlights SECI’s role in facilitating renewable electricity procurement and connecting large commercial and industrial consumers with utility-scale clean energy capacity.
FAGMIL Invites Bids for 2.52 MW PM-KUSUM Solar Project
FCI Aravali Gypsum and Minerals India Limited (FAGMIL) has invited bids for the development of a 2.52 MW solar power project in Rajasthan under the PM-KUSUM programme. The tender adds to India’s growing pipeline of decentralised solar projects designed to expand renewable electricity generation and support the agricultural sector. PM-KUSUM has emerged as an important mechanism for deploying distributed solar capacity, particularly in rural areas. The proposed FAGMIL project reflects continued participation by public-sector entities in India’s solar transition and demonstrates how smaller distributed projects can complement the country’s rapidly expanding utility-scale renewable energy portfolio.
Mahindra Susten Secures ₹875 Crore for 150.8 MW Hybrid Project
Mahindra Susten has secured ₹875 crore in financing for a 150.80 MW renewable energy hybrid project in Maharashtra, strengthening funding support for its expanding clean energy portfolio. The financing highlights continued lender interest in renewable projects that combine complementary generation technologies to deliver a more balanced electricity profile. Hybrid projects are gaining importance in India as developers and power buyers seek improved utilisation of transmission infrastructure and more consistent renewable electricity supply. The transaction provides Mahindra Susten with substantial capital to advance the Maharashtra project while underscoring the availability of large-scale financing for India’s next phase of renewable energy development.
Kerala Regulator Ratifies 103 MW Power Banking Deal
The Kerala State Electricity Regulatory Commission has ratified a 103 MW power banking arrangement with Chhattisgarh, supporting Kerala’s strategy to manage seasonal variations in electricity availability and demand. Power banking enables utilities to exchange electricity across different periods, allowing surplus power supplied at one time to be returned when demand is higher. Such arrangements can help states improve supply management without relying entirely on short-term market purchases. For Kerala, where seasonal electricity requirements can fluctuate considerably, the agreement provides an additional mechanism for maintaining reliable supply while improving the flexibility and economic management of the state’s power procurement portfolio.
KSERC Ratifies Nine KSEB Power Banking and Swap Deals
The Kerala State Electricity Regulatory Commission (KSERC) has ratified nine power banking and swap arrangements undertaken by Kerala State Electricity Board Limited (KSEB). These arrangements provide KSEB with additional flexibility to balance electricity supply and demand across different periods through exchanges with other utilities and power suppliers. Power banking can be particularly useful for managing seasonal demand patterns and variations in renewable generation while limiting exposure to potentially expensive short-term electricity purchases. The regulatory ratification provides formal backing for the transactions and reinforces Kerala’s use of flexible procurement mechanisms to maintain reliable and cost-effective electricity supply.
MERC Approves Rooftop Solar for 2.11 Lakh Low-Income Homes
The Maharashtra Electricity Regulatory Commission (MERC) has approved a rooftop solar initiative covering around 2.11 lakh low-income households in Maharashtra. The programme represents a significant expansion of distributed solar access and could enable economically weaker consumers to benefit from clean electricity and lower dependence on conventional grid supply. Large-scale residential rooftop programmes are increasingly important to India’s solar growth as policymakers seek to extend the benefits of renewable energy beyond commercial and utility-scale projects. Maharashtra’s initiative also demonstrates how regulatory support and targeted implementation can accelerate rooftop adoption while broadening participation in India’s energy transition.
RERC Recognises GST Hike as Change in Law for 600 MW Solar Project
The Rajasthan Electricity Regulatory Commission (RERC) has recognised a GST increase as a Change in Law event affecting a 600 MW solar power project in Rajasthan. The decision addresses the financial impact created by changes in taxation after the relevant project agreements were established. Change-in-law provisions are important for renewable developers because unexpected regulatory or tax changes can materially alter project costs and financial assumptions. By recognising the GST increase under this framework, the Commission has provided regulatory clarity on how the additional burden should be treated, an issue with implications for project economics and contractual certainty in large-scale solar development.
UERC Upholds Renewable Energy and BESS Trading Margins
The Uttarakhand Electricity Regulatory Commission (UERC) has rejected UJVN Limited’s review petition, maintaining its earlier position on trading margins applicable to renewable energy and Battery Energy Storage System (BESS) transactions. The decision preserves the regulatory framework governing such transactions and provides greater certainty around the commercial treatment of renewable electricity and storage procurement. As battery storage becomes more closely integrated with renewable energy markets, clear rules around trading margins and intermediary costs will become increasingly important. The ruling demonstrates how state regulators are adapting existing electricity-market frameworks to accommodate the growing role of storage and newer clean-energy procurement models.
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