West Bengal Electricity Regulatory Commission Approves 600 MW Wind-Solar Hybrid Power Procurement For CESC At Competitive Tariffs

The West Bengal Electricity Regulatory Commission (WBERC) approved CESC Limited’s procurement of 600 MW of wind-solar hybrid power, enhancing its renewable portfolio. Conducted by PFC Consulting, the competitive bidding attracted six companies, resulting in four project allocations with competitive tariffs below CESC’s average costs. Projects will begin within 20 months. The post West Bengal Electricity […]

SECI Invites Banks For Auto-Flexi Deposit Current Account Services

The Solar Energy Corporation of India Limited (SECI) is seeking Expressions of Interest from scheduled commercial banks to manage current accounts with an auto-flexi deposit feature. Eligible banks must have a net worth exceeding Rs. 1,00,000 crore and a branch in New Delhi. Services will be provided at no cost, ensuring operational flexibility. The post […]

Foreign Market Disruptions Drive Scatec’s Q1 2026 Revenue Down 31% YoY

Norway-based renewable energy solutions provider Scatec reported revenue of NOK1.64 billion (~$177 million) in the first quarter (Q1) of 2026, down 31.3% year-over-year (YoY) from NOK2.39 billion (~$258 million). The company attributed the revenue decline to a NOK426 million (~$45.96 million) divestment gain recognized in the same quarter last year.

India, EU Invite Proposals for €15.2 Million EV Battery Recycling Initiative

The Government of India and the European Union have launched a joint funding initiative worth €15.2 million (₹1.69 billion) to support research and innovation in electric vehicle (EV) battery recycling under the India-EU Trade and Technology Council’s Working Group 2 on Green and Clean Energy Technologies.

CERC Proposes Exit, Auction of Stalled Renewable Projects with Grid Connectivity

The Central Electricity Regulatory Commission (CERC) has proposed a one-time framework to deal with renewable energy projects that secured transmission connectivity under the General Network Access (GNA) regulations on the basis of Letters of Award (LoAs), but where power purchase agreements (PPAs) have not been signed within 12 months.