Daily News Wrap-Up: Rajasthan’s Net Metering Slows Without Guidelines
The Rajasthan Electricity Regulatory Commission notified the regulations for virtual and group net metering for renewable energy projects roughly five months ago, but implementation has progressed slowly.
Industry Gets Interim Relief as APTEL Stays MERC’s New Energy Banking-Linked Power Bills
The Appellate Tribunal for Electricity (APTEL) has issued an interim order staying the issuance of disconnection notices and electricity bills raised under the new power banking mechanism introduced by the Maharashtra Electricity Regulatory Commission (MERC).
Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth
Listen to this article India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage,
Project Finance Brief: Enviromena Secures $1.1 Billion for Solar Expansion
U.K.-based Enviromena, an independent power producer, signed an £825 million (~$1.1 billion) senior portfolio…
Funding and M&A Roundup: Exergy3 Raises $13.5M in Seed Funding
Listen to this article From: Mercom Capital Group UK-based Exergy3, a thermal energy storage startup, raised £10 million (~$13.5 million) in a seed funding round,
Battery Smart Raises $15 Million from Mirova to Expand EV Charging Network
Gurugram-based Battery Smart, a battery-swapping network for electric two- and three-wheelers operated by Upgrid Solutions, has secured $15 million in debt funding from Mirova, an affiliate of Natixis Investment Managers focused on sustainable investing. The company said the funding will be used to expand its battery-as-a-service infrastructure and strengthen its partner-led battery-swapping station network across […]
JinkoSolar Signs 500MW Distributed Generation (DG) Framework Agreement with Fouani Group in Nigeria
JinkoSolar has entered a significant 500MW framework agreement with Fouani Group in Nigeria, aimed at fostering distributed solar generation across commercial, industrial, and residential sectors. This collaboration will supply high-efficiency solar modules, helping to mitigate rising electricity costs and reduce diesel dependency, supporting Nigeria’s energy transformation goals. The post JinkoSolar Signs 500MW Distributed Generation (DG) […]
OERC Sets FY27 Bulk Power Tariff For GRIDCO, Pushes Renewables And Cost Discipline In Odisha
The Odisha Electricity Regulatory Commission has set GRIDCO Ltd.’s tariff order for 2026–27, establishing Bulk Supply Prices for four DISCOMs. Different rates reflect operational variances, while a focus on renewable energy is emphasized. The Commission seeks financial stability while protecting consumers, continuing rebates for prompt payments to enhance cash flow. The post OERC Sets FY27 […]
Websol Energy System Limited Reports 132% Surge in Q4FY26 Revenue to ₹401 Crore, Profit Jumps 158%
Websol Energy System Limited reported significant financial growth for Q4 and FY26, with a profit after tax of ₹125 crore, a 157.9% increase. Revenue surged to ₹1,049 crore for the year, up 82.4%. The upgrade to TOPCon technology is expected to enhance capacity, while a strong order book ensures future revenue visibility. The post Websol […]
Sterling and Wilson Renewable Energy Credit Rating Reaffirmed At BBB+ With Negative Outlook Amid Financial Pressures
Sterling and Wilson Renewable Energy Limited (SWREL) has reaffirmed its credit ratings, maintaining a long-term rating of IVR BBB+ with a Negative outlook and a short-term rating of IVR A2. Despite strong revenue growth and a robust order book, the company faces financial challenges, including a net loss and increasing debt, which has strained liquidity. […]