Policy and Regulations

India Adds Record 34.4 GW of Solar and Wind Capacity in the First Nine Months of 2025

India Adds Record 34.4 GW of Solar and Wind Capacity in the First Nine Months of 2025 India achieved a record milestone in renewable energy installations, adding nearly 34.4 GW of new solar and wind capacity during the first nine months of 2025 (January–September). This represents a remarkable year-on-year growth of over 71.5%. Solar capacity increased by 68.9%, while wind installations experienced an even stronger surge of 88.8% compared to the same period last year. Notably, the total capacity added…

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MNRE Proposes ALMM Extension to Wafers and Ingots

MNRE Proposes ALMM Extension to Wafers and Ingots Reinforcing the announcement by Shri Prahlad Joshi to target PV upstream integration last week, MNRE has released a draft order for the implementation of the Approved List of Models and Manufacturers (ALMM) for wafers and ingots (ALMM List – III). The order specifies that at least three independent wafer/ingot manufacturing units should be operational in India for ALMM List-III to kick in, with a combined minimum annual capacity of 15 GW. MNRE…

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Inter-State Transmission Waiver for Energy Storage Projects Extended by Three Years

Inter-State Transmission Waiver for Energy Storage Projects Extended by Three Years On 10th June 2025, the Ministry of Power (MoP) extended the Inter State Transmission System (ISTS) transmission charge waivers for Battery Energy Storage System (BESS) and Pump Hydro Storage (PHS) projects by three years until June 2028. The 100% waiver will apply to co-located BESS projects commissioned by June 2028. Alternatively, for PHS, the mandate is for projects that have awarded their construction work before the specified timeline. The…

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CERC Greenlights Virtual PPAs in India

CERC Greenlights Virtual PPAs in India To Enhance Indian Power Market Supply-Side Liquidity On May 22, 2025, the Central Electricity Regulatory Commission (CERC) took a major stride in the Indian power sector by issuing the “Draft Guidelines for Virtual Power Purchase Agreement (VPPA) agreements.” These guidelines provide crucial regulatory approval, clarity, and acceptance for an innovative financial structure in the renewable energy sector, which is gaining substantial traction in global power market. A VPPA is a bilateral agreement between a…

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