CEA Pushes Ester Oil Adoption In Transformers To Reduce Crude Oil Dependence And Improve Fire Safety

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22nd May 2026

European Commission has approved a €1.3 billion German State aid scheme aimed at accelerating renewable hydrogen production under the European Hydrogen Bank’s “Auctions-as-a-Service” mechanism for the 2026 auction round.

The initiative forms part of broader European Union efforts to advance industrial decarbonisation under the Clean Industrial Deal, reduce dependence on Russian fossil fuels through the REPowerEU Plan, and expand the region’s clean hydrogen economy under the EU Hydrogen Strategy.

According to the Commission, the German support scheme is expected to facilitate the construction of up to 1,000 MW of electrolyser capacity and enable the production of up to 10 million tonnes of renewable hydrogen. The project is estimated to help avoid nearly 55 million tonnes of CO₂ emissions.

The funding will be allocated through a competitive bidding process supervised by the European Climate, Infrastructure and Environment Executive Agency (CINEA).

The scheme will support companies developing new electrolysers that feed renewable hydrogen into the Danish Hydrogen Backbone 1 pipeline, a designated Project of Common Interest within the European Union. The hydrogen will then be supplied to industrial buyers connected to the German Hydrogen Core Network.

According to the Commission, the initiative is designed not only to boost renewable hydrogen production but also to strengthen cross-border hydrogen infrastructure linking North Sea renewable hydrogen sources with large-scale industrial demand centres in Germany.

Under the approved framework, aid will be provided in the form of direct grants based on the quantity of renewable hydrogen produced. The support will be available for a maximum period of ten years. Beneficiaries will also be required to comply with EU standards governing Renewable Fuels of Non-Biological Origin (RFNBOs).

In its assessment, the European Commission stated that the scheme is necessary and appropriate to support renewable hydrogen development and includes safeguards to minimise market distortion and maintain fair competition within the European Union.

The Commission further noted that the competitive bidding mechanism would ensure aid remains proportionate and limited to the minimum required, while the dedicated hydrogen infrastructure is expected to reduce long-term renewable hydrogen costs across the region.

The approval marks another major step in Europe’s strategy to scale up clean hydrogen production and establish an integrated cross-border hydrogen economy supporting the continent’s long-term net-zero ambitions.

European Bank For Reconstruction And Development (EBRD) Launches InvestEU Risk-Sharing Facility To Expand Green Financing In Romania

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S.S. Dev

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22nd May 2026

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The European Bank for Reconstruction and Development (EBRD) has officially launched its InvestEU Portfolio Risk Sharing Facility in Romania, marking an important step in attracting more sustainable public and private investment across the country.Through the InvestEU guarantees, the EBRD expects Romanian banks to provide more than €270 million in new green financing for individuals and businesses.

This funding is intended to support projects that reduce energy consumption and lower carbon emissions, helping the country move toward a more sustainable economic model.The guarantees will be open to a wide group of borrowers, ranging from private households to large corporations. By reducing collateral requirements and improving loan terms, the programme will make it easier for people and companies to invest in energy-efficient buildings, cleaner transport options, and other green upgrades.

For many borrowers, this means access to financing that might have previously been out of reach.Beyond financial guarantees, the EBRD will also offer technical assistance to local banks and final beneficiaries. This support, funded through the InvestEU Advisory Hub, is designed to help ensure that green projects are prepared, implemented, and monitored effectively.

LIBRA Internet Bank is the first financial institution in Romania to join the programme, and more banks are expected to participate as the rollout continues.InvestEU is one of the European Union’s flagship investment initiatives, created to support strategic projects in sustainable infrastructure, research and innovation, digitalisation, small and medium-sized enterprises, and social investment.

By providing guarantees, the programme aims to unlock financing for long-term development and resilience.The EBRD is among the main implementing partners of InvestEU and provides risk-sharing instruments to financial intermediaries across EU markets where it operates. In Romania, both the guarantees and advisory services under this programme are financed through the country’s Recovery and Resilience Facility, which the government has contributed to the InvestEU Member State Compartment for Romania.

With this launch, Romania joins several other EU countries, including Bulgaria and Croatia, that are already deploying the programme. The initiative represents a new chapter in closing the sustainable investment gap and supporting Romania’s green transition.During the launch event in Bucharest, EBRD representatives underlined the importance of collaboration with Romanian banks, businesses, and authorities to ensure the programme delivers its full benefits.

The EBRD has a long history of supporting Romania’s economic development. To date, it has invested more than €12.4 billion across 589 projects, making it one of the country’s most significant institutional investors.

NLC India Limited Floats Tender For 1,500 Acres Land Leasing In Gujarat For Solar PV Projects

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22nd May 2026

NLC India Limited has issued a domestic competitive tender on behalf of its wholly owned subsidiary, NLC India Renewables Limited, for the arrangement of 1,500 acres of land in Gujarat to support the development of grid-connected Solar PV power projects. The tender invites technically and financially qualified contractors and land developers to participate in the large-scale renewable energy initiative aimed at strengthening solar infrastructure in the state.

According to the tender conditions, the selected bidder will be responsible for arranging government or private land on a leasehold basis for a minimum period of 29 years and 11 months. The acquired land will be transferred to NIRL exclusively for the development of solar power projects. In addition to land acquisition, contractors will also be required to conduct detailed topographical surveys, establish necessary site enabling infrastructure, and obtain all required statutory approvals, permits, non-objection certificates (NOCs), and regulatory clearances for project implementation.

NLCIL has specified that each proposed land parcel must have a minimum contiguous area of 500 acres to ensure smooth project execution and operational efficiency. Furthermore, the land must be located within a maximum distance of 50 kilometers from the nearest Gujarat Energy Transmission Corporation (GETCO) pooling substation with connectivity infrastructure of 132 KV voltage level or above. These conditions are intended to ensure efficient grid connectivity and reduce transmission-related challenges for the planned solar projects.

The tender also includes strict financial and contractual requirements for participating bidders. Interested companies must pay a non-refundable tender document fee of Rs. 20,000. In addition, bidders are required to submit an Earnest Money Deposit (EMD), also referred to as a Bid Guarantee, amounting to Rs. 91.10 lakh. The EMD must remain valid for a period of 240 days from the date of bid opening.

For the successful bidder, NLCIL has mandated the submission of a Performance Bank Guarantee (PBG), also known as the Contract Performance Guarantee (CPG). The guarantee amount will be equivalent to 0.5 percent of the total evaluated contract value and must be submitted within 30 days from the issuance of the Letter of Award (LOA). The PBG will remain valid for 12 months, covering the project execution timeline of nine months along with an additional three-month grace period.

The tender was officially published on May 21, 2026. As part of the procurement process, NLCIL will organize a pre-bid clarification meeting through video conferencing on June 4, 2026, at 11:00 AM IST. The last date for online submission of bids has been fixed for June 23, 2026, up to 2:30 PM IST. The techno-commercial bids and physical documents will be opened later the same day at 3:00 PM IST, while the dates for price bid opening and e-reverse auction will be announced separately to qualified bidders.

Fujiyama Power Systems Limited Approves ₹350 Crore 1.2 GW TopCon Solar Cell Facility in Madhya Pradesh

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22nd May 2026

Fujiyama Power Systems Limited has approved the establishment of a 1.2 GW TopCon solar cell manufacturing facility at its Ratlam plant in Madhya Pradesh, as the company strengthens its backward integration and domestic solar manufacturing capabilities.

The company, listed on both the BSE and NSE under the name UTLSOLAR, currently operates a 1 GW Mono PERC solar cell manufacturing facility at Dadri in Uttar Pradesh. With the proposed addition of 1.2 GW TopCon capacity at Ratlam, Fujiyama aims to significantly expand its integrated solar manufacturing operations across the value chain.

According to the company, the Ratlam facility is expected to begin commercial operations in the first quarter of FY2028. The project will involve an estimated investment of ₹350 crore, which will be financed through a mix of debt and internal accruals.

Fujiyama Power Systems Limited stated that the new TopCon solar cell project forms a key part of its technology upgradation and backward integration strategy. The expansion is expected to help the company reduce cost volatility, ensure steady availability of Domestic Content Requirement (DCR)-compliant solar cells, improve gross margins, and strengthen its position in India’s residential rooftop solar market.

The company also highlighted that the implementation of ALMM-II for Solar PV Cells from June 1, 2026, is expected to boost domestic demand for locally manufactured solar cells and DCR-compliant solar panels, further supporting the rationale behind the investment.

Commenting on the development, Pawan Kumar Garg, Chairman and Joint Managing Director of Fujiyama Power Systems Limited, said the Ratlam expansion marks an important milestone in the company’s growth strategy. He added that the facility will strengthen Fujiyama’s competitive positioning in the on-grid rooftop solar segment and support increasing demand under the Pradhan Mantri Surya Ghar Muft Bijli Yojna.

The company said the new manufacturing capacity will further support its vision of expanding rooftop solar adoption across Indian households through domestically manufactured solar solutions.

Genus Power Infrastructures Ltd Reports 94% FY26 Revenue Growth, Crosses 1 Crore Smart Meter Installations in India

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22nd May 2026

Genus Power Infrastructures Ltd reported strong financial growth for the quarter and financial year ended March 31, 2026, driven by accelerated execution of smart metering projects under India’s power distribution modernization initiatives.

For Q4 FY26, the company reported revenue of ₹1,523.7 crore, registering a 62.7% year-on-year increase compared to ₹936.8 crore in the corresponding quarter of FY25. The growth was primarily supported by strong execution momentum in the Advanced Metering Infrastructure Service Provider (AMISP) business, improved project implementation across state utilities, and healthy order book conversion.

EBITDA for the quarter rose 36.2% year-on-year to ₹284 crore, while Profit After Tax (PAT) from continuing operations increased 41% to ₹180.7 crore. The company reported an EBITDA margin of 18.6% and PAT margin of 11.9% during the quarter.

For the full financial year FY26, Genus Power Infrastructures Ltd posted revenue of ₹4,737.5 crore, reflecting a 94% year-on-year growth compared to ₹2,442 crore in FY25. EBITDA more than doubled to ₹960.2 crore, while PAT surged 106.5% year-on-year to ₹605 crore.

The company stated that its order book stood at approximately ₹25,173 crore as of March 31, 2026, providing strong long-term revenue visibility.

According to the company, gross profit margins moderated during the quarter due to changes in product mix, with a larger contribution from project businesses involving higher raw material consumption for hardware, software, and communication infrastructure. Exchange rate fluctuations impacting imported raw materials also affected margins.

During FY26, the company crossed the milestone of installing more than one crore smart meters under the Revamped Distribution Sector Scheme (RDSS), reinforcing its position in India’s smart metering market. The company currently has an annual manufacturing capacity exceeding 18 million meters.

Commenting on the performance, Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd, said the company witnessed accelerated execution across multiple smart metering projects and operational go-live milestones during the year. He added that India’s smart metering opportunity remains substantial, with only around 15.6 crore meters tendered so far against an estimated requirement of over 31–32 crore smart meters nationwide.

The company also highlighted expansion plans in adjacent sectors such as smart gas meters, smart water meters, and export markets. According to the company, India’s gas metering segment alone could create demand for nearly 12 crore gas meters over the next six to seven years.

Separately, the company announced progress on the demerger of its Strategic Investment Business into Genus Prime Infra Limited. The scheme was approved by the National Company Law Tribunal (NCLT), Allahabad Bench, in April 2025. Eligible shareholders of Genus Power received one equity share of Genus Prime Infra for every six shares held in the company as of the February 6, 2026 record date.

Looking ahead, the company expects FY27 revenue to reach between ₹6,000 crore and ₹6,500 crore, supported by increasing rollout intensity across existing projects and continued execution of its large order book.

MNRE Launches AI-Based RAG System Assessment Initiative For Government Knowledge Management

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22nd May 2026

AI system managing government knowledge from multiple sources to support decision-making — Officials collaborate using an AI-powered government knowledge management system to improve policy and decision-making.

The Ministry of New and Renewable Energy (MNRE), Government of India, has launched a major initiative to assess Artificial Intelligence-based Retrieval Augmented Generation (RAG) systems available in the Indian market. Through an official Expression of Interest (EoI) published on May 20, 2026, the ministry aims to study advanced AI-driven information retrieval solutions that can improve the way government data and documents are managed and accessed.

MNRE currently handles a vast and continuously growing repository of knowledge assets, including policy circulars, scheme guidelines, financial records, implementation reports, and various official documents. At present, most information retrieval activities depend on manual searches and keyword-based systems. According to the ministry, these traditional methods are becoming insufficient due to the increasing scale and complexity of operations.

To address this challenge, MNRE is exploring the use of Retrieval Augmented Generation (RAG) technology. This AI-based system combines semantic search capabilities with large language models to generate accurate and context-aware responses. One of the key advantages of RAG systems is their ability to provide proper source attribution while delivering information, which can improve efficiency, transparency, and decision-making within government departments.

The ministry has clearly stated that the EoI is only a market assessment exercise intended to gather technical insights and understand the capabilities available in the industry. It is not a tender, procurement process, or commercial offer. MNRE also clarified that no contracts, financial transactions, or business relationships will emerge from this exercise. Participation in the EoI will not provide any special preference or advantage in future procurement opportunities, which will be conducted separately under the General Financial Rules 2017.

The assessment process will take place in three stages. The first stage will involve written submissions and capability scoring. Interested participants must be registered Companies or Limited Liability Partnerships (LLPs) in India and should already possess a working AI or machine learning product ready for deployment. Submissions will be evaluated on five major criteria: prior project experience, document handling capacity, support for multiple document formats, multilingual capability, and deployment flexibility. The total score will be out of 100 marks.

Based on the evaluation, up to 15 top-scoring entities will be shortlisted for Stage 2, known as Independent Interface Testing. In this phase, selected vendors must provide access to a working system through a URL or sandbox environment within five working days of notification. MNRE’s internal testing committee will independently upload 250 to 500 public documents and conduct real-time testing without vendor involvement. The testing will assess system accuracy, multilingual performance, source citation quality, and handling of multiple document formats.

Stage 3 may include informal discussions with shortlisted participants to help MNRE better understand system architecture, deployment models, and operational factors. Interested companies must also disclose details related to data localization plans in India, client data protection during LLM training, and compliance with Government of India standards such as GIGW 3.0 and MeitY guidelines. Responses must be submitted in PDF format via email by 11:00 PM on May 27, 2026.

Oyster Renewable Energy Pvt Ltd and Dalmia Cement (Bharat) Ltd Launch ₹270 Crore 31.6 MW Hybrid Renewable Energy Project in Andhra Pradesh

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22nd May 2026

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Oyster Renewable Energy Pvt Ltd and Dalmia Cement (Bharat) Ltd have announced the development of a 31.6 MW solar-wind hybrid renewable energy project in Kadapa district of Andhra Pradesh, strengthening efforts to accelerate industrial decarbonisation in India’s cement sector.

The project, being developed by Oyster Renewable with an investment of around ₹270 crore, will combine 21.6 MW of wind power and 10 MW of solar capacity through a co-located hybrid configuration. The integrated renewable energy system is designed to provide a more stable and balanced clean power supply for industrial operations. The project is scheduled for commissioning in 2027.

Commenting on the development, Siddharth Bhatia, Managing Director and CEO of Oyster Renewable Energy Pvt Ltd, said the project represents a major addition to the company’s utility-scale hybrid renewable portfolio for the industrial sector. He noted that the initiative is expected to reduce nearly 70,000 metric tonnes of carbon emissions annually while supporting Dalmia Cement’s sustainability goals.

Bhatia further stated that heavy industries such as cement remain among the most challenging sectors to decarbonise, making such renewable energy partnerships increasingly critical. He added that the project aligns with Oyster Renewable’s broader target of developing 3.5 GW of hybrid renewable energy capacity by 2030, backed by a planned investment of ₹30,000 crore.

Dharmender Tuteja, CFO of Dalmia Bharat Ltd, said the hybrid renewable energy project reinforces the company’s long-term ambition of becoming carbon negative by 2040. According to the company, the project will significantly improve plant-level carbon efficiency while advancing its decarbonisation roadmap.

The partnership reflects the growing adoption of hybrid renewable energy models that combine solar and wind power to deliver reliable and cost-effective clean energy solutions for energy-intensive industries. Oyster Renewable stated that the project also includes local workforce participation and regional supply-chain engagement to create long-term economic value for communities in the Kandi Village region of Andhra Pradesh.

Weekly Tech Updates: Water Battery Breakthrough, Smart Solar Storage, Next-Gen GaN Converters & More…

By

Sangita Shetty

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21st May 2026

Ultra-Durable “Water Battery” Could Reshape Long-Duration Energy Storage

Researchers have developed a highly durable water-based battery technology that could significantly reduce the cost of long-duration energy storage. Unlike lithium-ion systems, the water battery offers improved safety, lower degradation, and extended operational life, making it ideal for grid-scale renewable integration. The innovation could support utilities seeking affordable storage for balancing intermittent solar and wind power while enhancing overall energy resilience and sustainability.

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FOXESS Expands Smart Solar Storage Adoption in Thailand

FOXESS has introduced advanced solar energy storage solutions in Thailand to help residential and commercial consumers achieve cleaner and more stable electricity supply. The system integrates intelligent battery management, efficient energy utilization, and backup functionality to address rising power reliability concerns. As Southeast Asia accelerates renewable adoption, the deployment reflects growing demand for decentralized energy systems that improve energy independence and support long-term sustainability goals.

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Next-Generation GaN Converters to Support AI and Clean Energy Growth

Gallium Nitride (GaN)-based power converters are emerging as a critical technology for supporting rapidly expanding AI infrastructure and clean energy applications. These next-generation converters provide higher efficiency, faster switching speeds, and compact system designs compared to traditional silicon-based technologies. Their adoption is expected to improve energy efficiency in data centers, EV charging systems, and renewable energy infrastructure while reducing operational costs and thermal management challenges.

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FTC Solar Introduces New Utility-Scale Tracker Innovation

FTC Solar has launched its 1P Pioneer Tracker platform aimed at improving performance and reducing costs in utility-scale solar projects. The tracker is designed for enhanced terrain adaptability, simplified installation, and optimized energy yield across large solar deployments. By improving operational flexibility and project efficiency, the technology could help developers accelerate deployment timelines while maximizing long-term asset performance in increasingly competitive utility-scale markets.

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How Heatwaves Impact Solar PV Plant Efficiency

Extreme summer temperatures and recurring heatwaves are increasingly affecting solar PV plant performance across global markets. While solar irradiation rises during summer, excessive heat reduces panel efficiency and can increase equipment stress. The article explains how thermal losses, inverter performance issues, and operational challenges impact generation output. It also highlights mitigation strategies such as improved cooling, optimized system design, and advanced monitoring technologies for maintaining plant efficiency.

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Hoymiles Launches High-Efficiency Power Conversion System

Hoymiles has introduced its HPCS3500-E and HPCS1250-E power conversion systems featuring efficiency levels reaching up to 99%. The systems are designed to improve energy conversion performance for large-scale storage and renewable applications while ensuring operational reliability. With increasing demand for efficient hybrid energy infrastructure, high-performance conversion technologies are becoming essential for maximizing energy throughput and reducing overall system losses in modern renewable energy ecosystems.

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Improper String Sizing Can Reduce Solar PV System Efficiency

Incorrect string sizing remains one of the most common design issues affecting solar PV system performance. Poor string configuration can lead to voltage mismatch, inverter inefficiencies, energy losses, and long-term reliability concerns. The article highlights the importance of accurate system design, proper voltage calculations, and environmental considerations to ensure optimal generation output. As solar deployment scales globally, precision engineering continues to play a crucial role in maximizing project returns.

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Indian Stock Market Ends Mixed As Renewable Energy And Utility Stocks See Selective Buying (21 May 2026)

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21st May 2026

Group of four people discussing Indian stock market renewable energy index and utilities sector performance with solar panels and wind turbines in background — Professionals discuss rising renewable energy stocks in the Indian market.

Indian stock markets ended on a slightly negative note on May 21, 2026, as benchmark indices witnessed mild profit booking amid mixed investor sentiment. The S&P BSE Sensex closed at 75,183.36, down 0.18 percent, while the Nifty 50 settled 0.09 percent lower at 23,636.60. Despite the weak broader market trend, the green energy and mobility sectors displayed mixed performances with selective buying in renewable energy, utility, and battery-related stocks.

Among the top gainers in the renewable energy segment, Insolation Energy recorded a strong rise of more than 2.1 percent to close at Rs 138.20 on the BSE. EKI Energy Services emerged as another major gainer, surging nearly 5 percent during the trading session. Investors also showed buying interest in energy and utility-related companies.

JSW Energy gained 2.06 percent to settle at Rs 548.00, while Indian Energy Exchange advanced more than 1.3 percent to close at Rs 127.10. State-owned oil and gas companies also traded in positive territory. Indian Oil Corporation rose 1.52 percent to end at Rs 140.15, whereas GAIL posted a marginal gain of 0.19 percent to close at Rs 155.85.

Battery and power management companies witnessed stable buying momentum. Amara Raja Energy & Mobility climbed nearly 1 percent to Rs 819.95, while Exide Industries edged slightly higher by 0.27 percent to Rs 340.40. Engineering and infrastructure major Larsen & Toubro also ended the session in green, gaining 0.46 percent to close at Rs 3,930.00. Smaller renewable energy firms such as Sterling and Wilson Renewable Energy and Websol Energy also recorded mild gains during the session.

On the other hand, several major clean energy and infrastructure stocks witnessed selling pressure. Reliance Industries was among the key laggards, falling nearly 1 percent to close at Rs 1,346.70. Electric vehicle company Olectra Greentech also declined around 1 percent to Rs 1,208.45.

Adani Green Energy slipped 0.62 percent to close at Rs 1,354.75, while Tata Power dropped 0.79 percent to settle at Rs 410.15. Newly listed clean energy company NTPC Green Energy Limited also witnessed mild profit booking and declined 0.57 percent to Rs 105.30. Borosil Renewables fell 0.61 percent to Rs 512.25, while wind energy player Inox Wind dipped 0.52 percent to close at Rs 94.85.

The overall market movement reflected cautious investor sentiment, with selective buying in mid-cap renewable and utility stocks, while heavyweight companies faced moderate selling pressure.

Philadelphia Energy Authority Energy Campaign Exceeds Targets, Drives Clean Energy Growth and Economic Impact

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21st May 2026

The Philadelphia Energy Authority (PEA), along with city and state leaders, has announced that its decade-long Philadelphia Energy Campaign has delivered approximately $2 billion in economic impact, created more than 11,000 jobs, and generated over $1.4 billion in energy savings for the City of Philadelphia and its residents.

Launched in 2016 in partnership with the City of Philadelphia and City Council leadership, the initiative aimed to mobilize $1 billion in clean energy investments and create up to 10,000 jobs by 2026. A new 10-year impact report by Econsult Solutions Inc. shows the programme has exceeded both targets, catalysing around $1.3 billion in investment—about 30% above its original goal—while surpassing employment expectations.

Officials said the campaign achieved its outcomes through just $14.7 million in public funding, which helped unlock more than $1.3 billion in total investment, representing a nearly 90-times return on public dollars committed.

Philadelphia Mayor Cherelle L. Parker said the initiative has helped advance the city’s goals of becoming safer, cleaner, and greener while delivering strong economic benefits to residents, businesses, and municipal services.

City Council President Kenyatta Johnson highlighted that the programme demonstrates clean energy’s dual role as both an economic development strategy and a public health initiative, while also expanding workforce opportunities across construction and clean energy sectors.

The campaign has also generated more than $25 million in tax revenue for Philadelphia and over $50 million across Pennsylvania, contributing to public infrastructure and essential services.

Overall, the programme has supported $2 billion in economic output within Philadelphia, including over 11,000 jobs, nearly $700 million in wages, and substantial tax contributions, according to the report.

Beyond economic gains, the initiative has helped cut municipal carbon emissions by nearly 50% and delivered over $1.4 billion in energy savings across public buildings and institutions.

Building on this progress, the city is now advancing the “Quadplex + Community Health” initiative, which will retrofit 14 major municipal buildings, including City Hall, the Municipal Services Building, and the Criminal Justice Center, along with multiple health centres and homeless services facilities.

Officials from the Philadelphia Office of Sustainability said the next phase will improve energy efficiency, reduce operating costs, and enhance facility conditions while supporting the city’s long-term carbon neutrality goals.

Hindustan Power Signs 800 MW PSA with MP Power Management Company Limited for Anuppur Project

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21st May 2026

Hindustan Power has signed a 800 MW Power Supply Agreement (PSA) with MP Power Management Company Limited for long-term electricity supply from its upcoming power project in Anuppur, Madhya Pradesh.

The agreement is being executed through its subsidiary Anuppur Power projects Private Limited and will support the state’s growing electricity demand. Power supply under the contract is scheduled to begin in 2031.

The PSA has been structured for a 25-year tenure, with an option to extend for an additional five years. The project will be developed under the DBFOO (Design, Build, Finance, Own and Operate) model, which enables long-term private sector participation in power infrastructure development.

According to the company, the upcoming unit will use advanced ultra-supercritical technology to improve efficiency and support large-scale baseload power generation.

Hindustan Power Chairman Ratul Puri said the agreement marks a key milestone in the company’s expansion strategy and reinforces its commitment to meeting India’s rising demand for reliable baseload electricity driven by industrial and economic growth.

He added that the PSA reflects confidence in the company’s execution capabilities and its ability to deliver large-scale, efficient power infrastructure for long-term energy security.

The company noted that the project is expected to strengthen Madhya Pradesh’s power supply framework, support regional economic development, and generate employment opportunities during construction and operation phases.

Hindustan Power, which entered India’s transitional energy sector in 2008, has an established operational presence in Anuppur, where earlier project phases were commissioned in 2015 and 2016.

Rajasthan Solar Association Calls for Pragmatic Transition Framework for ALCM / ALMM Implementation

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21st May 2026

The Rajasthan Solar Association (RSA) has urged the Government and policymakers to adopt a calibrated and implementation-focused transition strategy for the upcoming ALCM / ALMM List-II framework for solar cells, scheduled to come into effect from 1 June 2026.

While strongly supporting the Government of India’s vision of Atmanirbhar Bharat, domestic manufacturing expansion and energy security, RSA cautioned that the current ecosystem may not yet be fully prepared for a sudden transition to mandatory domestic solar cells.

According to industry assessments and ongoing stakeholder consultations conducted by RSA, the Indian solar sector is entering a highly sensitive transition phase where policy ambition and ecosystem readiness are moving at different speeds.

India has crossed approximately 33.78 GW of approved domestic solar cell manufacturing capacity, but this remains significantly lower than the rapidly expanding 220+ GW module manufacturing ecosystem, creating a structural mismatch between module demand and compliant domestic cell availability.

RSA highlighted that the transition could lead to short-term market disruptions across the renewable energy value chain, including:

Limited availability of compliant domestic solar cells
Supply-chain uncertainty and procurement disruptions
Significant increase in DCR module prices
Delays in rooftop, C&I and open-access projects
Working capital pressure on EPC companies and MSMEs
Production stress across ancillary manufacturing industries

Industry estimates indicate that DCR module prices have already increased sharply due to limited domestic cell availability, with further upward pressure expected after implementation.

The Association also noted that nearly 60% of ancillary industries — including EVA sheet manufacturers, solar glass companies, junction box manufacturers, ribbon suppliers and other component industries — may face temporary demand contraction and operational disruptions during the transition phase.

RSA further pointed out that India’s current manufacturing base continues to rely heavily on Mono PERC technology, while project developers and investors are increasingly aligned toward TOPCon technology, creating additional technology transition challenges.

Additionally, solar cell manufacturing remains highly time-intensive, typically requiring:

Approximately 6 months for plant installation
Another 6 months for stabilization and efficiency optimization before reaching commercial-scale maturity.

RSA’s Recommendations for a Smooth Transition

To avoid disruptions while still achieving the long-term national objective of domestic manufacturing growth, Rajasthan Solar Association has recommended the following measures to the Ministry of New & Renewable Energy (MNRE):

-A phased and calibrated implementation approach for ALCM / ALMM-II
-Transitional support for projects already in advanced stages of execution
-Reassessment of implementation timelines based on actual manufacturing readiness
-Alignment of policy execution with technology scalability and supply-chain realities
-Consideration of state-specific infrastructure challenges in solar-intensive regions such as Rajasthan

Statement from RSA Leadership

Nitin Agrawal, CEO, Rajasthan Solar Association (RSA), said:

“RSA fully supports India’s long-term vision for strengthening domestic manufacturing and building a self-reliant clean energy ecosystem. However, successful implementation requires practical timelines, ecosystem preparedness and policy stability. A balanced transition is essential not only for strengthening domestic manufacturing, but also for preserving India’s renewable growth momentum, investor confidence and long-term clean energy leadership.”

RSA emphasized that its objective is not resistance to policy, but ensuring ecosystem readiness, industry stability, and uninterrupted renewable energy deployment during this crucial transition phase.

RSA to Host Industry Dialogue on ALCM Implementation & Solar Market Readiness

To support industry collaboration and encourage constructive dialogue among stakeholders, RSA is organizing an:

“Industry Dialogue on ALCM Implementation & Solar Market Readiness”

DATE:25 May 2026
TIME:2:30 PM IST

The session will bring together leading industry stakeholders, manufacturers, EPC companies, developers, policymakers, and renewable energy experts to discuss the practical implications of ALCM implementation and identify collaborative solutions for a smoother transition.

Key discussion areas will include:

Domestic manufacturing readiness
Supply-chain preparedness & cell availability
Impact on rooftop, open-access & utility-scale projects
Pricing implications & execution timelines
Recommendations for phased implementation support

RSA believes that collaborative industry-policy engagement is essential to ensure that India’s renewable energy momentum remains strong while domestic manufacturing capabilities continue to scale sustainably.

Registration Link:
https://events.firstviewgroup.com/ALCM2026BalancingPolicyPreparednessGrowthforIndiasSolarManufacturingEcosystem#/tickets?lang=en

SECI Invites Bids For 5.5 MW Rooftop Solar Project At Delhi University North Campus

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21st May 2026

The Solar Energy Corporation of India Limited (SECI), a leading government-owned renewable energy company under the Ministry of New and Renewable Energy, has issued a Request for Selection (RfS) for the installation of a 5500 kW grid-connected rooftop solar PV project at the University of Delhi’s North Campus. The project will be developed under the Renewable Energy Service Company (RESCO) model on a Build-Own-Operate basis, ensuring that the university does not need to invest any upfront capital for the installation.

Under the tender, SECI is acting as the nodal agency and has invited eligible solar developers to participate in the competitive bidding process. The selected Solar Power Developer (SPD) will be responsible for the complete development, execution, and long-term management of the rooftop solar systems. This includes obtaining net-metering approvals and grid connectivity permissions from the local electricity distribution company, carrying out engineering and structural design works, and handling all related civil construction activities.

The developer will also be required to manage the operation and maintenance of the solar installations for a period of 25 years, which matches the duration of the Power Purchase Agreement (PPA). The tender follows a technology-neutral approach, allowing developers to use any commercially proven solar technology. Special operational conditions have also been included in the guidelines to ensure smooth functioning within the university campus. Solar panels must be installed at a minimum height of one meter above rooftops, while developers must also take preventive measures to reduce operational issues caused by monkeys in the area.

The tender includes several financial conditions for participating bidders. Developers are required to submit an Earnest Money Deposit (EMD) as per the provisions mentioned in the RfS document. The EMD can be provided through bank guarantees, insurance surety bonds, or payment-on-order instruments. In addition, bidders must pay a non-refundable bid processing fee of INR 6,000. However, Micro and Small Enterprises (MSEs) with valid Udyam Registration Certificates are exempted from both the EMD and bid processing fee requirements.

The selected bidder must also provide a Performance Bank Guarantee before signing the PPA with the university. The guarantee amount has been fixed at INR 3,375 per kW of allocated capacity, resulting in a total requirement of INR 1.85 crore for the full 5500 kW project capacity.

According to the tender schedule, the RfS was issued on May 21, 2026. Developers must complete all bid submissions through the ISN-ETS portal within the specified timeline. The project must be commissioned within seven months from the date of signing the PPA, while the maximum tariff ceiling for the bid has been capped at INR 5.00 per kWh.

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ACEN Corp. Partners With Ocean Sun AS To Expand Floating Solar Projects Across Asia

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21st May 2026

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Ayala-led ACEN Corp. is strengthening its clean energy presence in Asia through a new partnership with Norwegian floating solar technology company Ocean Sun AS. The collaboration aims to develop large-scale floating solar projects across different Asian markets, focusing mainly on inland water bodies and freshwater reservoirs.

The agreement was signed between ACEN-Silverwolf Pte. Ltd., a joint venture of ACEN Renewables International and Silverwolf Capital Ltd., and Ocean Sun AS through a nonbinding memorandum of understanding. Under the partnership, Ocean Sun will provide its patented floating solar technology along with its maritime expertise, while ACEN-Silverwolf will contribute its renewable energy experience and operational capabilities across the region.

According to Kelvin Yuen, chairperson of ACEN-Silverwolf, Ocean Sun’s floating solar technology has been recognized for its strong design and long-term suitability for freshwater applications. He explained that the partnership will allow ACEN-Silverwolf to test, support, and expand the technology across its growing renewable energy portfolio in Asia.

Ocean Sun is working to expand its global presence in floating solar technology and currently operates in Norway, Singapore, and China. The partnership also supports ACEN’s broader regional clean energy expansion strategy.

At present, ACEN-Silverwolf manages more than 100 megawatts of commercial and industrial renewable energy assets across Malaysia, Thailand, China, Hong Kong, and Singapore. Meanwhile, the larger ACEN Group has already achieved an attributable renewable energy capacity of 7,000 megawatts.

The company is also increasing investments to support future growth. ACEN has allocated around 80 billion pesos in capital expenditure for 2026 to fund renewable energy projects in the Philippines and international markets. The expansion is supported by strong financial results, with ACEN reporting a 50 percent increase in consolidated net income to 2.9 billion pesos in the first quarter of 2026, while total revenue rose 42 percent year-on-year to 10.73 billion pesos.

SOLS And FedEx Foundation Bring Solar Power To Orang Asli Village In Malaysia

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21st May 2026

Federal Express Corporation, widely known as FedEx, has partnered with SOLS Foundation to provide solar energy systems to Kampung Kepayang, an Orang Asli village located in Batang Padang, Perak, Malaysia. The initiative has brought reliable electricity to 15 households that previously struggled with unstable power sources.

Kampung Kepayang is home to 73 residents from the Semai indigenous community and is situated around 153 kilometers from Kuala Lumpur. Before the project was implemented, villagers mainly depended on candles and fuel-powered generators for lighting. The newly installed solar systems now offer a cleaner and more dependable source of electricity for daily household activities.

A total of 23 FedEx employees volunteered during the installation process. The volunteers were divided into four groups and assisted with installing internal electrical equipment such as batteries, tube lights, and motion-sensor security lamps inside each home. Meanwhile, the technical experts from the SOLS Foundation handled the rooftop installation of solar panels.

Each home received a 50-watt solar panel along with a 141.52Wh lithium-ion battery system. The setup is capable of providing up to 19 hours of lighting on a single charge. This allows families to carry out evening activities more comfortably, supports children with schoolwork after dark, and improves nighttime safety around homes.

The volunteers also collected information from household heads to understand existing living conditions and energy usage patterns. This data will help measure the long-term social and economic impact of the solar project on the community.

The SOLS Foundation has been actively supporting remote and low-income communities across Malaysia through its Kampung Solar Project, helping families significantly reduce energy expenses. The initiative is also part of FedEx’s global FedEx Cares program and supports the company’s Priority Earth goal of achieving carbon-neutral operations worldwide by 2040.

Meralco PowerGen Corporation Reaffirms Integrated Energy Strategy to Strengthen Philippines Power Security Through Renewables, Storage, and Baseload Capacity

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21st May 2026

Meralco PowerGen Corporation (MGEN) has reaffirmed its long-term strategy to strengthen the Philippines’ energy security through a diversified mix of renewable energy, battery storage, and dispatchable baseload capacity, in line with evolving national energy policy and rising electricity demand.

The company said its integrated portfolio approach is designed to ensure reliable, affordable, and sustainable power supply amid global fuel price volatility and supply uncertainties.

MGEN President and CEO Emmanuel V. Rubio stated that the company’s priority is to maintain system reliability while supporting the country’s increasing integration of renewable energy. He emphasized that balancing renewables with dependable capacity is critical to grid stability.

Renewable Energy and Storage Expansion

Through its affiliate MTerra Solar Philippines, MGEN has energized the first 250 MW of solar capacity, marking its entry as a power generator to the national grid in March 2026.

The project also includes a battery energy storage system (BESS) capable of delivering up to 450 MWh of stored electricity during nighttime hours. This installation is currently the largest operational BESS in the Philippines and supports greater renewable energy integration into the grid.

MGEN Renewables also maintains over 400 MWac of operational solar capacity across seven sites in Luzon, including Bulacan, Ilocos Norte, Rizal, Nueva Ecija, Isabela, Batangas, and Tarlac.

Transition and Lower-Carbon Assets

In addition to renewables, MGEN continues to expand its lower-carbon transition portfolio through investments in natural gas assets, including LNGPH in the Philippines and PacificLight Power in Singapore, aimed at improving system flexibility and reducing emissions intensity.

Baseload and Thermal Capacity

Through MGEN Thermal, the company continues to operate and expand baseload and dispatchable power facilities across Luzon, Visayas, and Mindanao.

Key assets include the Panay Energy Development Corporation in Iloilo and Cebu Energy Development Corporation, which support regional electricity demand and grid reliability. The Cebu facility is among the country’s early adopters of circulating fluidized bed (CFB) technology, aimed at improving efficiency and reducing emissions.

MGEN also highlighted ongoing and planned capacity additions, including the MGEN Toledo BESS (Phase 1 targeted for 2026), expansion of its Cebu thermal operations, and the development of a 1,200 MW ultra-supercritical coal plant in Atimonan, Quezon Province, expected to be operational by 2030.

The company noted that Philippines electricity demand is projected to rise significantly by 2040, requiring a balanced energy mix. MGEN said its strategy integrates baseload, renewable, and storage technologies to ensure long-term energy security, affordability, and grid resilience.

Vietnam Solar Startup Stride Secures $15 Million Series B Capital Boost Amid Global Energy Instability

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21st May 2026

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Vietnam’s green technology and climate finance sector received a major boost after rooftop solar financing platform Stride secured $15 million in its Series B funding round. The investment comes at a time when global energy markets are facing uncertainty due to geopolitical tensions and concerns over energy supply disruptions linked to the Middle East. These developments have increased interest in localized renewable energy solutions, especially rooftop solar systems that can reduce dependence on fossil fuels and unstable energy imports.

The funding round was jointly led by global private equity company Lightrock and clean technology investor TRIREC through its Accelerate7 investment platform. Existing investors such as Clime Capital and UOB Venture Management also participated in the round, showing continued confidence in Stride’s business model and growth strategy.

Stride focuses on providing financing solutions for households and small and medium enterprises (SMEs) that want to install rooftop solar systems. In many developing markets, the high upfront cost of solar installation remains one of the biggest barriers for consumers. Stride addresses this challenge by allowing customers to pay for solar systems through flexible financing plans instead of large one-time investments. This approach helps customers start saving on electricity costs immediately while gradually paying for the equipment over time.

The company plans to use the newly raised funds to strengthen its operations in Vietnam and expand into other Southeast Asian markets. It also aims to improve its network of solar installers, enhance digital tools for project management, and maintain strong quality control standards across its growing portfolio of decentralized solar projects.

Vietnam has emerged as one of the fastest-growing rooftop solar markets in Southeast Asia. The country’s rooftop solar capacity has increased rapidly from almost zero in 2018 to more than 19 gigawatts today. This growth has been supported by favorable government policies and rising electricity demand. Under the government’s Power Development Plan VIII (PDP8), Vietnam has set a target of supplying rooftop solar power to half of all residential homes and office buildings by 2030.

The success of Stride’s funding round also reflects a larger shift in climate finance trends worldwide. Earlier investments in clean energy were mainly focused on large utility-scale solar and wind projects. However, investors are now increasingly supporting consumer-focused climate technology and fintech platforms that help individuals and smaller businesses access clean energy solutions.

By connecting the energy needs of households and local businesses with innovative financing models, companies like Stride are helping build a more decentralized and resilient energy system. This model is becoming increasingly important as countries seek greater energy security and cleaner power sources in an uncertain global energy environment.

Parsons Power Park Solar Project Begins Construction In Nelson Mandela Bay

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21st May 2026

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Construction has officially begun on Phase 1A of the Parsons Power Park solar project in Nelson Mandela Bay, South Africa, marking another important development in the country’s expanding private renewable energy sector. The project is being developed on a 58-hectare site, covering an area nearly equal to 80 football fields, and is expected to produce 31 megawatts of clean electricity once completed.

The solar project is a joint initiative between independent power producers Yellow Door Energy, Raw Renewables, and Natura Energy. Construction activities are being managed by Alensy Energy Solutions. Financial close for the project was achieved earlier this year, allowing the development to move ahead as planned. The facility is scheduled to begin operations in the first quarter of 2027.

Once operational, the solar plant will deliver renewable power directly to businesses operating within the Coega Special Economic Zone as well as other areas across Nelson Mandela Bay. The project will make use of the municipality’s existing electricity network, helping businesses gain access to cleaner and more reliable energy supplies.

To improve energy generation efficiency, the facility will install more than 47,000 solar panels equipped with single-axis tracking technology. These trackers allow the panels to follow the movement of the sun throughout the day, increasing electricity production. The plant is expected to generate nearly 60 gigawatt-hours of renewable electricity annually.

The environmental benefits of the project are also significant. Developers estimate that the clean energy generated by the facility will reduce carbon dioxide emissions by around 54,360 tonnes every year. This reduction supports South Africa’s broader efforts to lower emissions and increase the use of renewable energy sources in the national energy mix.

Apart from environmental gains, the project is also expected to create economic opportunities for the local community. During the construction phase, several employment opportunities will be made available for local residents. The developers have also committed to supporting local subcontractors through a dedicated community-focused initiative.

PowerX, a private electricity trading company, has been confirmed as the off-taker for the project under a power purchase agreement. The company has more than ten years of experience in renewable energy trading and was the first private electricity trader in South Africa to receive a trading license from the national energy regulator.

Several specialized firms are supporting the development, including 3E Renewable Energy Services as owner’s engineer, SRK Consulting for environmental compliance, and Engineering Advice & Services for construction health and safety oversight. The Parsons Power Park project is expected to strengthen clean energy infrastructure and support economic growth in the region.

Aura Power Receives Approval for 25-MW Solar Farm in England, Strengthening UK Clean Energy Pipeline Amid Net-Zero Push

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21st May 2026