The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual proportionality requirement, have raised hopes of increased open access adoption by commercial and industrial consumers. Under the old rules, a power project qualifies as a captive generating project only if captive users hold at least 26% ownership in the project and consume at least 51% of the electricity generated.

The Rajasthan Electricity Regulatory Commission finalized the Rajasthan Electricity Regulatory Commission [Battery Energy Storage Systems (BESS)] Regulations, 2025. These regulations establish a regulatory framework for the planning, ownership, deployment, and operation of battery storage in the state. The Commission limited the regulations to BESS, but allowed future extension to other storage technologies through separate orders.

The Central Electricity Regulatory Commission proposed revising the methodology for determining congestion charges in real-time interstate transmission. The Commission has invited comments and suggestions from stakeholders by April 6, 2026. Under the proposed framework, congestion charges would no longer be fixed but instead would be calculated as 1.5 times the applicable deviation settlement mechanism-based rate for a given time block dynamically.

The Bihar Electricity Regulatory Commission approved a provisional tariff of ₹3.02 (~$0.033)/kWh for Bihar State Power Generation Company’s (BSPGCL) 185 MW Kajra solar project with a 282 MWh battery energy storage system. Citing incomplete cost data, the Commission deferred final tariff determination until BSPGCL submitted the audited costs after the project’s full commissioning.

Power Grid Corporation of India (POWERGRID) invited bids to select a consortium partner to set up an interstate transmission project to evacuate 5 GW of power from green hydrogen/green ammonia projects proposed in Andhra Pradesh’s Visakhapatnam area. The last date to submit bids for both tenders is March 30, 2026. These tenders are for a pre-bid tie-up, and their award is contingent on POWERGRID winning the upstream tender floated by REC Power Development Consultancy for the evacuation of 5 GW of green hydrogen/green ammonia projects.

V.O. Chidambaranar Port Authority invited bids to develop a 2 MW green hydrogen electrolyzer and a refueling station, with comprehensive operation and maintenance (O&M) for seven years. The scope of work includes the development of a 2 MW green hydrogen electrolyzer (minimum 600 kg/day GH2) with complete accessories, the development of a refueling station with a dispenser (3.6 kg/min), and civil works.

Maharaja Agrasen Medical College invited bids to set up a 2 MW rooftop or ground-mounted solar project, expandable up to 3.5 MW, on its campus in Agroha, Haryana. The estimated project cost is ₹100 million (~$1.08 million). The work must be completed within 300 days from receiving the letter of award. The last date to submit the bids is April 9, 2026. Bids will be opened on the next day.

Austria-based international technology group ANDRITZ secured an order from Tata Power to supply key equipment for the 1,000-MW Bhivpuri pumped storage project in Maharashtra. The company did not disclose the value of the contract but said it was in the low-three-digit million-euro range. ANDRITZ will deliver three reversible pump turbines, motor-generators, and associated electromechanical equipment.

Anzen India Energy Yield Plus Trust, an infrastructure investment trust of Edelweiss Real Assets Managers, completed its unit fundraising of ₹6.96 billion (~$75.35 million). Anzen has used the funds raised, along with external debt, to acquire a 74% stake in 12 solar energy assets from the alternative investment fund Edelweiss Infrastructure Yield Plus and its affiliated entities. The enterprise value of the solar assets is approximately ₹25.2 billion (~$272.66 million).

Gurugram-headquartered electric vehicle charger manufacturer, Exicom Tele-systems (Exicom), commissioned an integrated manufacturing facility in Hyderabad to expand its EV charging and critical power solutions. The facility was built with an investment of ₹2.16 billion (~$23.38 million). Exicom said the facility utilizes advanced automation, robotics, and digital traceability to ensure precise manufacturing at scale.

A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest picked up a combined stake of approximately 11.3% in ReNew Green Energy Solutions, the commercial and industrial platform of ReNew Energy Global. LeapFrog led the investment round, committing $50 million.

Surat-based renewable energy solutions company KPI Green Energy secured ₹9.79 billion (~$105.99 million), comprising a ₹9.31 billion (~$100.81 million) term loan and a ₹480 million (~$5.19 million) bank guarantee facility, from Canara Bank to develop a 150 MW wind power project in Gujarat. The project is backed by a 25-year power purchase agreement (PPA) with the Gujarat Urja Vikas Nigam, ensuring revenue visibility and stability.

Reliance Industries signed a long-term supply and purchase agreement valued at over $3 billion with South Korea’s Samsung C&T Corporation to provide green ammonia for 15 years, starting from the second half of the financial year 2029. This agreement is the first in a series of long-term offtake partnerships to support the scale-up of RIL’s New Energy platform. The New Energy platform includes renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals.

Gurugram-based renewable energy solutions provider Sunsure Energy raised ₹6.06 billion (~$65.64 million) in debt financing from Aseem Infrastructure Finance and RBL Bank to develop solar energy projects across Maharashtra and Uttar Pradesh. The financing package includes ₹4.62 billion (~$50.02 million) from Aseem Infrastructure Finance for solar projects in Maharashtra and Uttar Pradesh, along with ₹1.44 billion (~$15.59 million) in refinancing from RBL Bank for Sunsure’s solar project in Augasi, Uttar Pradesh.

Alternative credit platform BlackSoil invested ₹750 million (~$8.1 million) in electric vehicle manufacturer Euler Motors as part of a funding round following the company’s Series D raise completed in May 2025. The round was led by BlackSoil with participation from several other investors. The capital will primarily support Euler Motors’ operational requirements and expansion plans.

Fuel cell manufacturer Ballard Power Systems’ fourth quarter 2025 revenue rose 37% year-over-year to $33.6 million from $24.5 million. Earnings before interest, taxes, depreciation, and amortization stood at a negative $15.9 million, down 64.6% YoY from a negative $44.92 million. Net loss came in at $17.5 million, improving 62% from a loss of $46.5 million in the same quarter last year. Earnings per share came in at a negative $0.06, beating analysts’ expectations by $0.05.