The Ministry of New and Renewable Energy’s (MNRE) decision not to grant a blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline beyond June 1, 2026, has reinforced regulatory certainty for India’s solar manufacturing ecosystem. However, it has also raised concerns among developers and engineering, procurement, and construction (EPC) contractors who fear near-term project delays and cost pressures.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) adopted tariffs of ₹2.98 (~$0.0313)/kWh and ₹2.99 (~$0.0314)/kWh for the procurement of 165.5 MW of solar power under the PM KUSUM Component-C2 program.

The Telangana Electricity Regulatory Commission issued the Electricity Supply Code Third Amendment Regulation, 2026, requiring distribution companies to pay 18% interest per annum on excess amounts outstanding due to incorrect billing.

The Uttarakhand Electricity Regulatory Commission clarified that the Power Transmission Corporation of Uttarakhand is not required to execute a separate connection agreement directly with consumers seeking a new EHV connection, an enhancement or reduction of load, or a change in the distribution licensee.

The Karnataka Electricity Regulatory Commission issued regulations governing the procedure, terms, and conditions for granting transmission licenses for intrastate transmission projects selected through tariff-based competitive bidding. The regulations will apply to intrastate transmission projects in Karnataka developed under the tariff-based competitive bidding route.

Patel Infrastructure invited bids for the engineering, procurement, and construction (EPC) of a 700 MW solar project in Ahmedabad, Gujarat. The last date to submit bids is June 19, 2026. The e-reverse auction will be held on June 30, 2026.

NTPC Renewable Energy invited bids for an EPC package for the development of 300 MW (1×300 MW) of grid-connected solar projects near Nokhra in Rajasthan. Bids must be submitted by June 22, 2026. Bids will be opened on the same day.

The Rajasthan Rajya Vidyut Prasaran Nigam extended the time for implementing the standard operating procedure for first-time charging of battery energy storage systems installed at already commissioned and to-be-commissioned renewable energy projects until September 30, 2026.

Renewable energy company Avaada Group secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India. The financing covers the financial closure of its firm and dispatchable renewable energy project in Bikaner, Rajasthan. It also covers debt financing for two 300 MW solar power projects in Rajasthan and Gujarat

Government-owned lender Indian Renewable Energy Development Agency posted revenue of ₹21.75 billion (~$229 million) in the fourth quarter of the financial year 2026, up 14% year-over-year from ₹19.04 billion (~$200 million). The revenue growth came amid a 16% increase in annual loan disbursements and a 22% expansion in the loan book. IREDA’s profit after tax stood at ₹4.93 billion (~$51.8 million), down 2% YoY from ₹5.02 billion (~$52.8 million).