SAEL Industries, Waaree Forever Energies (a subsidiary of Waaree Energies), MB Power (Madhya Pradesh) (a subsidiary of Hindustan Power), and JLTM Energy India (a subsidiary of Technique Solaire) won the Punjab State Power Corporation’s (PSPCL) auction to procure 500 MW of solar power from projects located anywhere in the country on a long-term basis.

A staggering 11.5 GW of renewable energy has been curtailed in Rajasthan since January 2026, with March alone accounting for 8.3 GW, prompting developers to seek the state government’s intervention. Rajasthan Solar Association said the highest curtailments occurred during peak generation hours from 10:30 am to 14:30 pm.

India operationalized a national compliance framework for renewable energy consumption, with the Bureau of Energy Efficiency issuing operational guidelines for the renewable consumption obligation mechanism. The framework signifies a shift from procurement-based mandates to consumption-based accountability.

The Maharashtra Electricity Regulatory Commission (MERC) allowed Mindspace Business Parks, Gigaplex Estate, and KRC Infrastructure and Projects to withdraw their request for approval of a long-term power purchase agreement (PPA) to procure 60 MW of wind-solar hybrid power. The Commission also directed that the earnest money deposit and bank guarantees submitted by the respondents be returned within 15 days.

MERC approved tariffs ranging from ₹5.30 (~$0.0565)/kWh to ₹5.90 (~$0.0629)/kWh for the procurement of round-the-clock renewable energy. The approval relates to a petition filed by Mindspace Business Parks, Gigaplex Estate, and KRC Infrastructure and Projects.

MERC rejected a solar developer’s petition seeking compensation of ₹477.5 million (~$5.09 million) for additional expenditure incurred due to a change-in-law event arising from an increase in Goods and Services Tax. The Commission said that the petitioner, Avaada MH Sustainable (Avaada Energy), failed to notify Maharashtra State Electricity Distribution Company regarding the change-in-law event within the stipulated time as per the PPA.

The Government of Maharashtra constituted a committee to examine the applicability of electricity duty on rooftop solar consumers, behind-the-meter systems, and grid support charges, amid rising adoption of distributed renewable energy in the state. The decision comes as changing electricity consumption patterns driven by rooftop solar installations and captive generation prompt a reassessment of the existing duty framework under the Maharashtra Electricity Duty Act, 2016.

EIE Renewables, a wholly owned subsidiary of Enviro Infra Engineers, entered into an agreement to acquire PRA Bihar Bess, a special purpose vehicle of Barbrik Projects set up to implement a 37.5 MW/150 MWh battery energy storage project in Bihar. The company has signed a share purchase and options agreement to acquire a 49% equity stake in the target company.

Adani Green Energy Twenty Six A, a wholly owned step-down subsidiary of Adani Green Energy (AGEL), operationalized a 292 MW solar project in Khavda, Gujarat. After the latest commissioning, AGEL’s total operational renewable energy generation capacity has reached 19,585.8 MW. The company’s total operational battery storage capacity stands at 1,376 MWh.

Sterling and Wilson Renewable Energy reported a consolidated revenue from operations of ₹19.46 billion (~$207.57 million) for the fourth quarter of the financial year 2026, a 22.8% year-over-year (YoY) decline from ₹25.19 billion (~$268.69 million) in the same quarter of the previous year. The company’s profit after tax stood at ₹1.42 billion (~$15.15 million), a 157.4% YoY increase from ₹550.1 million (~$5.87 million) in the corresponding quarter last year.

Haryana -based solar module manufacturer Saatvik Green Energy acquired an 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer manufacturer. The acquisition involves 8,000 equity shares, valued at ₹24 million (~$255,943), to be paid in cash.

NLC India signed a loan agreement with Germany-based bank KfW for €100 million (~$117.32 million) to support its solar and energy storage projects. The loan will also enhance grid reliability, facilitate access to competitive financing, and support diversification of the company’s borrowing portfolio.

Amid global disruptions in fuel markets caused by the ongoing war in the Middle East, the International Renewable Energy Agency (IRENA) proposed removing or reducing tariff and non-tariff barriers on imported renewable energy equipment for the short term. IRENA has proposed several short-term (0-6 months), medium-term (6-12 months), and long-term (1-3 years) solutions for policymakers to ensure resilience from future fossil fuel shocks.