The Supreme Court ruled that Indian Railways cannot claim the status of a deemed distribution licensee under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational requirements and does not involve supplying electricity to consumers. It held that Railways is a ‘consumer’ of electricity and is therefore liable to pay cross-subsidy surcharge and additional surcharge while procuring power through open access.

The Grid Controller of India (GRID India) issued draft procedures to assess the utilization of transmission connectivity granted to entities. Stakeholders can submit their feedback by June 7, 2026. GRID India issued the draft ‘Procedure for assessing the utilization of connectivity or the general network access quantum by the grantee’ to align with the Central Electricity Regulatory Commission’s Connectivity and General Network Access to the Inter-State transmission System Regulations, 2025. the

Southern Railway issued a tender for setting up three solar projects with a total capacity of 29 MW in Tamil Nadu. The project will be implemented at Bulb Line in MAS Division with an 8 MW capacity, at Nallampalayam in the SA Division with a 6 MW capacity, and at Golden Rock in the TPJ Division with a 15 MW capacity. Bids must be submitted by June 23, 2026.

REC Power Development & Consultancy invited expressions of interest to empanel agencies to support verification and validation work under the Indian Carbon Market. The last date to submit the bids is May 22, 2026. Bids will be opened on the same day. The tender seeks to create a panel of agencies capable of providing qualified personnel for carbon market assignments.

NTPC Renewable Energy invited bids for the supply of solar modules for 1.2 GW of solar power projects at the Khavda Renewable Energy Park-South Block in the Rann of Kutch, Gujarat. The scope of work includes manufacturing, supply, packaging, and transportation of crystalline bifacial solar modules. The last date to submit bids is May 22, 2026. Bids will be opened on the same day.

The Solar Energy Corporation of India invited bids for a balance-of-system package for an 88 MW ground-mounted solar project in Chitradurga, Karnataka. The last date to submit bids is June 1, 2026. Bids will be opened on June 4. The scope of work covers the design, engineering, procurement, and supply of equipment and materials (excluding solar modules), as well as the installation, testing, and commissioning of the project.

Ahmedabad-based Amrut Energy, a solar water pump manufacturer and renewable energy solutions provider, announced its merger with Mascot Dynamics, a diversified engineering group operating in India’s oil and gas, chemical, and water infrastructure sectors. The merged company will operate as “Amrut Energy, a Division of Mascot Dynamics,” with what the company claims is an enhanced ability to scale manufacturing, an expanded market reach, and deeper institutional partnerships.

Ecofy, a non-banking financial company backed by Eversource Capital, British International Investment, FMO, and Finnfund, raised $15 million in debt financing from Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing. The loan proceeds will be used to support Ecofy’s onward lending to finance residential, commercial, and industrial rooftop solar installations, as well as electric mobility solutions across India.

Independent power producer JSW Energy posted revenue of ₹48.51 billion (~$513.49 million) in the fourth quarter of the financial year 2026, an increase of 38.7% year-over-year from ₹34.97 billion (~$370.17 million). Revenue growth was driven by renewable energy capacity additions and contributions from O2 Power and the Mahanadi thermal plant.

Altea Green Power, an independent renewable power producer, acquired 100% of the SPV NB5, a special-purpose vehicle that owns a 16.75 MW photovoltaic project in Montecchio Emilia, Reggio Emilia, Italy, from an undisclosed seller. The solar project has been operational since January 2024. The project also benefits from an FER 1 feed-in tariff from July 2025 for 20 years, according to the company.

ESA Solar Energy, a solar and energy storage project developer, sold the 150 MW Salzburg battery storage project in Michigan, U.S., to renewable energy company Ørsted. The companies did not disclose the transaction value. Ascend Analytics, a provider of market intelligence and analytics solutions for the power industry, served as the exclusive advisor to ESA on the transaction through the Ascend Energy Exchange, which provides asset valuation, financial modeling, market outlook, and transaction advisory services.