CERC Approves Key Deviations in 500 MW Pumped Storage Tender

IEX Trades 12 BU of Electricity in April as Unseasonal Rain Moderates Demand

Battery Manufacturer CATL Raises $5 Billion from Share Placement

NTPC REL Floats Tender for Balance of System for 2.1 GW Solar Projects

Skycorp Solar to Acquire Remaining 56% Stake in Nanjing Cesun Power

Flow Battery Company CMBlu Closes $59 Million in Series C Funding

Odisha Proposes New Transmission Tariff Framework for FY 2028 and 2029

Chhattisgarh Approves Revised Power Load Management Plan

Solar Developers Reluctant to Exit 6 GW Bikaner V Transmission Project

Haryana Hikes Additional Surcharge for Open Access Consumers for 2H FY 2026


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					</table><p>The Ministry of Power <a href="https://www.mercomindia.com/government-scraps-power-telecom-panel-nod-for-transmission" target="_blank" rel="noopener">decided</a> to eliminate the requirement for clearance from the Power Telecom Coordination Committee for transmission lines, effective July 1, 2026, to reduce delays in project execution. The decision was taken at a meeting chaired by the Secretary of the Ministry of Power to address bottlenecks in transmission project development, particularly those affecting the Power Grid Corporation of India.</p>
<p>The U.S. Department of Commerce <a href="https://www.mercomindia.com/us-sets-preliminary-antidumping-duties-on-solar-cells-from-india" target="_blank" rel="noopener">announced</a> preliminary affirmative determinations in antidumping duty investigations into crystalline silicon photovoltaic cells, whether or not assembled into modules or solar cells, from India, Indonesia, and Laos. For India, the Commerce Department assigned an estimated weighted-average dumping margin of 123.04% to Mundra Solar PV, Mundra Solar Energy, Kowa Company, and Premier Energies.</p>
<p>SJVN Green Energy <a href="https://www.mercomindia.com/sjvn-green-invites-bids-for-sale-of-712-mw-solar-modules" target="_blank" rel="noopener">issued</a> an expression of interest to sell 712.89 MW of solar modules stored at multiple locations in India. Bids must be submitted by May 14, 2026. Bids will be opened on May 15. The scope of work includes identifying prospective buyers and assessing commercial modalities, including lot-wise, location-wise, or composite sale structures.</p>
<p>Seven companies have <a href="https://www.mercomindia.com/seci-announces-winners-of-5-6-mw-rooftop-solar-auction" target="_blank" rel="noopener">won</a> the Solar Energy Corporation of India’s auction to install 5,665 kW rooftop solar projects under the renewable energy service company model on 14 government buildings (Tranche-VIII). The tender was floated in January this year. GH2 Solar secured the highest overall capacity, winning 300 kW at a tariff of ₹3.13 (~$0.0333)/kWh, 1,200 kW at ₹3 (~$0.0319)/kWh, and 1,000 kW at ₹3.04 (~$0.0323)/kWh.</p>
<p>Nexamp, a developer of solar and battery storage projects, <a href="https://www.mercomindia.com/solar-and-storage-project-developer-nexamp-secures-200-million" target="_blank" rel="noopener">secured</a> a $200 million credit facility from Nuveen Energy Infrastructure Credit, acting as the sole lender. The facility is structured as a delayed draw term loan, with an initial commitment of $125 million and an option to access an additional $75 million.</p>
<p>The Indian Energy Exchange <a href="https://www.mercomindia.com/higher-power-trading-volume-pushes-iexs-revenue-up-22-5-yoy-in-q4-fy-2026" target="_blank" rel="noopener">reported</a> revenue from operations of ₹1.74 billion (~$18.49 million) in the fourth quarter of the financial year 2026, a 22.5% year-over-year (YoY) increase from ₹1.42 billion (~$15.09 million). The company’s profit after tax stood at ₹1.3 billion (~$13.82 million), a 10.8% YoY increase from ₹1.17 billion (~$12.43 million).</p>
<p>Gujarat-based solar company Ahasolar Technologies <a href="https://www.mercomindia.com/ahasolar-technologies-wins-consultancy-tender-for-30-mw-rooftop-solar-project" target="_blank" rel="noopener">secured</a> a work order from Mahatma Phule Renewable Energy and Infrastructure Technology to provide consultancy services for 30 MW of distributed grid-connected rooftop solar projects in Goa. The project involves implementing rooftop solar systems at various government buildings across the state.</p>
<p>Independent power producer ReNew Energy Global will <a href="https://www.mercomindia.com/renew-to-set-up-6-5-gw-solar-ingot-wafer-facility-in-andhra-pradesh" target="_blank" rel="noopener">set</a> up a 6.5 GW solar ingot-wafer manufacturing facility in Anakapalli, Andhra Pradesh, with an investment of ₹42 billion (~$446.47 million). Through this manufacturing facility, ReNew aims to enable backward integration of its solar module and cell manufacturing processes.</p>
<p>India’s industrial sector is increasingly <a href="https://www.mercomindia.com/pidilite-industries-leverages-rooftop-solar-to-save-on-power-bills" target="_blank" rel="noopener">adopting</a> rooftop solar to offset rising electricity costs and improve energy efficiency within existing infrastructure constraints. Large manufacturing units, in particular, are leveraging distributed solar systems across factory rooftops to optimize available space while maintaining uninterrupted operations.</p>
<p>The Saudi Power Procurement Company <a href="https://www.mercomindia.com/saudi-arabia-issues-qualification-process-for-12-gwh-energy-storage-projects" target="_blank" rel="noopener">launched</a> the qualification process for the second group of four-hour-duration battery energy storage projects, with a total capacity of 3,000 MW/12,000 MWh. Each project will be set up under a build-own-operate model, with selected bidders holding 100% equity in the special purpose vehicle established to develop and operate the storage project.</p>
<p>U.S.-based Headwater Energy, a utility-scale solar and energy storage development firm, <a href="https://www.mercomindia.com/headwater-energy-acquires-solar-storage-developer-arena-renewables" target="_blank" rel="noopener">completed</a> the acquisition of Arena Renewables, a distributed generation solar and battery energy storage system developer. The financial terms of the transaction were not disclosed. The acquisition combines Arena’s project development capabilities with Headwater’s financing and operational platform, bringing a development pipeline of nearly 1 GW of solar and storage projects.</p>


Daily News Wrap-Up: Government Cancels Telecom Approval for Transmission Lines


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					</table><p>Gujarat-based solar company <a href="https://www.ahasolar.in/" target="_blank" rel="noopener">Ahasolar Technologies</a> has secured a work order from Mahatma Phule Renewable Energy and Infrastructure Technology (<a href="https://mahapreit.in/" target="_blank" rel="noopener">MAHAPREIT</a>) to provide consultancy services for 30 MW of distributed grid-connected rooftop solar projects in Goa.</p>
<p>The project involves implementing rooftop solar systems at various government buildings across the state. The project must be executed within 15 months of receipt of the work order.</p>
<p>The estimated project cost is ₹24.8 million (~$263,695). The tender was <a href="https://www.mercomindia.com/mahapreit-consultancy-goa" target="_blank" rel="noopener">issued</a> in March 2024.</p>
<p>Ahasolar will act as the project monitoring consultant for the implementation of the solar projects, covering technical, financial, and operational aspects. Its responsibilities include overseeing project planning, monitoring progress, ensuring compliance with applicable standards, and supporting system commissioning.</p>
<p>The scope of work also includes preparing detailed project reports for the rooftop solar installations. In addition, the assignment involves supporting the development of electric vehicle charging infrastructure at 30 locations across the state.</p>
<p>The company will conduct site surveys, system design, and cost estimation for the proposed installations. It will also carry out financial feasibility assessments.</p>
<p>As part of the implementation phase, Ahasolar will oversee project execution, including compliance management, performance testing, and system commissioning.</p>
<p>The company provides software for solar installers to manage and design projects. It is also an online marketplace for buying and selling solar products and services.</p>
<p>Last December, Ahasolar Technologies <a href="https://www.mercomindia.com/ahasolar-wins-consultancy-contract-for-875-mw-solar-project-from-coal-india" target="_blank" rel="noopener">received</a> a work order to provide owner’s engineering and project management consultancy services for an 875 MW solar power project from Coal India Rajasthan Akshay Urja.</p>
<p>In August 2025, the company <a href="https://www.mercomindia.com/ahasolar-wins-consultancy-contract-for-sccls-107-mw-solar-project" target="_blank" rel="noopener">secured</a> a project management consultancy contract from Singareni Collieries Company for establishing a 107 MW solar power project.</p>
<p>In September 2024, Ahasolar Technologies <a href="https://www.mercomindia.com/ahasolar-wins-consultancy-contract-for-coal-indias-300-mw-solar-project" target="_blank" rel="noopener">received</a> a letter of intent from Coal India for an owner’s engineer-cum-project management consultancy contract for a 300 MW solar power project in Khavda, Gujarat.</p>


Ahasolar Technologies Wins Consultancy Tender for 30 MW Rooftop Solar Project


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					</table><p>Gujarat-based solar company, <a href="https://www.ahasolar.in/" target="_blank" rel="noopener">Ahasolar Technologies,</a> has secured a project management consultancy contract from Singareni Collieries Company (<a href="https://scclmines.com/scclnew/index.asp" target="_blank" rel="noopener">SCCL</a>) for establishing a 107 MW solar project.</p>
<p>The tender was <a href="https://www.mercomindia.com/sccl-issues-consultancy-tenders-for-137-mw-solar-projects-in-telangana" target="_blank" rel="noopener">floated</a> in April this year.</p>
<p>The projects are to be set up at the following SCCL locations in Telangana:</p>
<ul>
<li>A 5 MW project at the Singareni Thermal Power Plant</li>
<li>A 37 MW project at Ramagundam-3 (20 MW OB Dump and 17 MW Ground)</li>
<li>A 5 MW project at Sathupalli in the Kothagudem area</li>
</ul>
<p>The scope of work for Ahasolar includes the design, engineering, review of the engineering, procurement, and construction contractor, site management, inspection and testing, module inspection services, and project performance testing of the solar project.</p>
<p>The order is valued at approximately ₹11.2 million (~$130,232.56). The work must be completed within one year.</p>
<p>Ahasolar provides software for solar installers to manage and design projects. It is also an online marketplace for buying and selling solar products and services.</p>
<p>Recently, SCCL <a href="https://www.mercomindia.com/singareni-collieries-floats-epc-tender-for-15-mw-rooftop-solar-projects" target="_blank" rel="noopener">invited</a> bids for the engineering, procurement, and construction of rooftop solar projects with a cumulative capacity of 15 MW in Telangana. The projects will be implemented on the rooftops of residential colonies and office buildings.</p>
<p>In July this year, SCCL <a href="https://www.mercomindia.com/singareni-collieries-floats-om-tender-for-5-mw-floating-solar-project" target="_blank" rel="noopener">invited</a> bids for the operation and maintenance of a 5 MW floating solar power project at the Singareni Thermal Plant’s water storage reservoir for eight years.</p>
<p>In September 2024, Ahasolar Technologies <a href="https://www.mercomindia.com/ahasolar-wins-consultancy-contract-for-coal-indias-300-mw-solar-project" target="_blank" rel="noopener">received</a> a letter of intent from Coal India for an owner’s engineer-cum-project management consultancy contract for a 300 MW solar power project in Khavda, Gujarat. The consultancy contract is estimated at ₹11 million, the company said in a regulatory filing.</p>
<p>In April 2024, Ahasolar <a href="https://www.mercomindia.com/ahasolar-consultancy-contract-52-mw-solar-bpcl" target="_blank" rel="noopener">bagged</a> the consultancy contract for setting up a 52 MW solar power project at Prayagraj, Uttar Pradesh, by Bharat Petroleum Corporation. The company quoted ₹5.1 million (~$61,168) to win the ten-month contract.</p>


Ahasolar Wins Consultancy Contract for SCCL’s 107 MW Solar Project


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					</table><p><a href="https://www.mercomindia.com/reil-invites-bids-mono-perc-solar-cells" target="_blank" rel="noopener"><strong>Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the state of Rajasthan, has invited bids for the supply of 200,000 Mono PERC solar</strong></a> cells with 5.50Wp power output. The last date for submitting bids is May 1, 2024. Bids will be opened on the same day. The estimated bid value of the project is ₹9.5 million (~$113,950). Bidders have been exempted from an earnest money deposit and performance bank guarantees in the tender. The order will be split among two bidders in a ratio of 70:30. Preference will be given to “Make in India” products for bids below ₹2 billion (~$23.9 million), favoring Class 1 local suppliers as defined in the Public Procurement (Preference to Make in India) Order 2017.</p>
<p><a href="https://cms.mercomindia.com/ahasolar-consultancy-contract-52-mw-solar-bpcl/" target="_blank" rel="noopener"><strong>Ahasolar Technologies was awarded the consultancy contract for setting up a 52 MW solar power project at Prayagraj, Uttar Pradesh, by Bharat Petroleum Corporation (BPCL).</strong></a> The company quoted ₹5.1 million (~$61,168) to win the ten-month contract. BPCL had floated the tender for the project in February. The company plans to power three of its refineries through the solar project: Mumbai Refinery- 8 MW, Bina Refinery- 22 MW, and Kochi Refinery- 16 MW. Ahasolar will be responsible for concept to commissioning the project within the agreed schedule, ensuring the quality of procurement items and construction workmanship is in line with established engineering practices, standards, and codes, and project risk management.</p>


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