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The recent judgments by the Appellate Tribunal for Electricity (APTEL) reinforce the importance of a transparent, consistent, and well-reasoned regulatory framework for India’s power sector. As the country accelerates its clean energy transition, robust judicial institutions such as APTEL continue to play a critical role in ensuring regulatory certainty, resolving complex sectoral issues, and creating an environment that encourages long-term investment.

With India’s power sector becoming increasingly dynamic and complex, the need for balanced adjudication across legal, technical, commercial and regulatory matters has become more significant than ever. Judgments that bring clarity on critical issues relating to transmission, renewable energy and regulatory processes strengthen stakeholder confidence, reduce uncertainty and support the sector’s sustainable growth.

Welcoming the recent judgments, Mr. Lalit Kumar Jain, President, Hindustan Power, said, “A strong and credible dispute resolution framework is essential for the sustained growth of India’s power sector. Institutions like APTEL play a pivotal role in reinforcing regulatory certainty, fostering investor confidence and ensuring that the sector continues to evolve on a foundation of transparency, consistency and sound legal principles. Such institutional strength will remain a key enabler of India’s clean energy ambitions and long-term energy security.”

As India pursues its vision of becoming a global clean energy leader, regulatory stability will remain a cornerstone for attracting capital, accelerating infrastructure development and enabling innovation across the power value chain. The APTEL judgment serves as a timely reaffirmation that a predictable and transparent regulatory ecosystem, backed by strong institutions, is indispensable for building a resilient, competitive and future-ready power sector.

BluPine Energy has entered into long-term Open Access Power Purchase Agreements (PPAs) with Craftsman Automation Limited and Sunbeam Lightweighting Solutions Private Limited to supply renewable electricity from its 21 MWp solar power project in Rajasthan. The agreements mark another milestone in BluPine Energy’s efforts to expand clean energy access for India’s commercial and industrial (C&I) sector.

The solar power will be supplied through the open access mechanism, enabling both manufacturing companies to meet a significant portion of their electricity demand with renewable energy while reducing dependence on conventional power sources. The initiative is expected to support their sustainability commitments by lowering carbon emissions and improving energy efficiency.

The project is located in Rajasthan, one of India’s leading renewable energy hubs, and is designed to deliver reliable, cost-effective green power to the two industrial customers. By leveraging open access, the companies will also benefit from long-term energy cost stability while contributing to India’s clean energy transition.

The partnership highlights the growing adoption of renewable energy among industrial manufacturers seeking to decarbonize their operations without compromising operational reliability. Open access solar projects continue to gain momentum across the country as businesses increasingly prioritize sustainability and energy security.

Commenting on the development, BluPine Energy stated that the agreements reinforce its commitment to accelerating renewable energy adoption across the commercial and industrial segment. The company aims to provide customized clean energy solutions that help businesses achieve their environmental goals while supporting India’s broader net-zero ambitions.

As demand for green power continues to rise, collaborations such as these are expected to play a crucial role in expanding renewable energy deployment and strengthening the country’s transition toward a low-carbon economy.

AmpereHour Energy, a full-stack Battery Energy Storage System (BESS) solutions provider, has announced the inauguration of its new BESS Manufacturing and Integration Facility in Chakan, Pune. The facility will focus on the integration of Make in India cabinet and containerised Battery DC-AC Blocks for utility-scale and commercial and industrial applications.

The platform combines AmpereHour’s expertise in hardware-agnostic architecture, proprietary Energy Management Systems (EMS), subsystem engineering and advanced safety design with AH-Suite: AmpereHour’s digital factory quality management and product testing platform (AH Factory Suite), enabling complete traceability, performance validation and a faster transition from factory to field.

AmpereHour’s transition into manufacturing has been driven by customer needs and real-world project learnings around system performance, safety, reliability and lifecycle management.

Commenting on the launch Rahul Shelke, Co-Founder and Managing Director, AmpereHour Energy, said, “Energy storage is becoming the backbone of the future grid, and India has an opportunity to lead not just in scale, but through technology-led innovation. Our expansion into advanced BESS manufacturing is built on years of experience as system integrators understanding what makes storage assets safer, smarter and more reliable in real operating environments. With our Make in India DC Block platform and digital infrastructure like AH-Suite, we are building more than products; we are building long-term energy resilience.”

The facility marks AmpereHour’s evolution from a BESS technology integrator to an advanced manufacturing platform focused on building intelligent, digitally validated energy storage systems for India and global markets. With a planned capacity of 5 GWh, it represents a strategic investment towards strengthening India’s energy storage ecosystem through localised integration, deeper engineering capabilities and digital innovation.

Powered by AmpereHour’s proprietary ELINA Energy Management System, these deployments have strengthened its expertise in renewable integration, peak management, grid flexibility and long-term asset performance.

Ayush Misra, Co-Founder and CEO, AmpereHour Energy, said, “For us, manufacturing was a natural progression of our journey as a BESS technology integrator. Energy storage is not just about assembling batteries; it is about engineering intelligent assets that deliver reliable performance throughout their lifecycle. AH-Suite brings our field learnings into manufacturing by ensuring every system is digitally validated before it reaches the site.”

These learnings now form the foundation of AmpereHour’s manufacturing approach – integrating engineering intelligence, software and digital validation directly into its BESS platforms.

Aditya Birla Renewables Limited (ABRen), a subsidiary of Grasim Industries Ltd., announced the signing of a definitive agreement to acquire 100% equity shares and securities of Solenergi Power Private Limited, which owns the Sprng Energy group of companies, from Shell Overseas Investment B.V., a wholly owned subsidiary of Shell PLC (“Seller”).

This transaction is amongst the largest acquisitions in India’s renewable energy sector both by value and scale. The transaction values the business at an enterprise value of INR 17,200 Crores (~US$1.8 billion). The equity consideration payable to the seller will be determined after adjusting for debt, cash, and other items as specified in the transaction documents. The acquisition is proposed to be funded through a mix of debt and equity infusion from Grasim and funds managed by Global Infrastructure Partners (a part of BlackRock). This transaction adds a contracted portfolio of ~5 GWp capacity (~3.3 GWp of operational capacity and ~1.7 GWp of under-construction capacity) along with a strong connectivity and development pipeline.

The acquisition significantly accelerates ABRen’s renewable energy growth ambitions by combining its strong presence in the Commercial & Industrial (“C&I”) segment with Sprng Energy’s complementary utility-scale platform.

Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over a long arc of time, the Aditya Birla Group has built businesses at global scale that have contributed to India’s long-term growth, be it in building materials, metals, financial services, or retail. We view India’s energy transition through the same lens. At its core, this is about strengthening our nation’s energy future, enhancing industrial competitiveness, and creating the foundations for sustained economic growth.”

He added, “This acquisition brings together two highly complementary platforms and marks an important milestone in ABRen’s evolution. Together, we will have a diversified portfolio and a deep development pipeline that puts us on course to scale to 20 GWp+ in the coming years. More importantly, it positions us to participate meaningfully in one of the largest energy transformations underway anywhere in the world.”

Mr. Aryaman Vikram Birla, Director, Aditya Birla Group and Aditya Birla Renewables, said, “This acquisition is a pivotal moment in ABRen’s evolution, rapidly accelerating our ambition to build a top-tier renewable energy platform at national scale. By integrating Sprng Energy’s high-quality utilities portfolio with our C&I capabilities, we are significantly enhancing both the strength and resilience of our combined platform. Additionally, Sprng Energy brings a high-quality asset base, creditworthy off-takers and strong contracted cashflows.”

He added, “Having almost achieved our ~10 GWp target ahead of time, we are now on track to double capacity in the next few years. This step-up reflects not just scale, but a sharper focus on quality, execution, and long-term value creation.”

Mr. Jayant Dua, Business Head, Aditya Birla Renewables Limited, said, “This combination brings together two strong renewable energy platforms with complementary capabilities, geographical presence, customer relationships, and a talented pool of professionals across key functional areas. By leveraging our collective expertise across project development, engineering, procurement, construction, and asset management, we believe we can unlock meaningful operational synergies, significantly deepen our organizational capabilities, and accelerate project execution. Our priority will be to ensure business continuity, deliver reliable clean power to customers, and continue building a best-in-class renewable energy platform.”

The transaction is expected to be completed before the end of the calendar year 2026, subject to the receipt of necessary regulatory approvals and satisfaction of other customary conditions under the transaction documents.

JSW Energy Ltd. has announced that its step-down subsidiary, JSW Energy PSP Eleven Limited (JEPEL), has secured orders worth ₹443.74 crore from Bondada Renewable Energy Private Limited, a wholly owned subsidiary of Bondada Engineering Limited, for the supply of 200 MW/400 MWh Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions.

The order further strengthens JSW Energy’s position in the rapidly growing energy storage segment and supports India’s transition towards a more resilient and renewable-powered grid. JEPEL will leverage its battery manufacturing capabilities to execute the project, reinforcing the company’s commitment to expanding its storage portfolio.

With this addition, JSW Energy’s total locked-in generation capacity has reached 32.1 GW, comprising 14.53 GW of operational capacity, 13.0 GW under construction, and 4.6 GW in the development pipeline. The company has also built a substantial 29.6 GWh locked-in energy storage portfolio, including 26.4 GWh of pumped hydro storage and 3.2 GWh of battery energy storage systems.

As part of its long-term strategy, JSW Energy aims to achieve 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030, while remaining committed to becoming carbon neutral by 2050. The latest BESS order aligns with these strategic goals by further strengthening the company’s battery energy storage business.

RenewSys India Pvt. Ltd. announced the appointment of Mr. Rajesh Singh as Chief Executive Officer – Encapsulants & Backsheets, effective 1 July 2026.

Mr. Rajesh Singh assumes the role after serving as the company’s Chief Technology Officer, where he played a key role in advancing product innovation, manufacturing excellence, and technology development across the Encapsulants & Backsheets business. With over two decades of experience in the photovoltaic industry, he brings deep technical expertise and a proven track record of driving innovation, operational excellence, and business growth.

Commenting on the appointment, Mr. Avinash Hiranandani, Vice Chairman & Managing Director, RenewSys India Pvt. Ltd., said, “Mr. Rajesh Singh has been instrumental in building RenewSys’ technology leadership and strengthening our position in the photovoltaic materials business. His strategic vision, deep industry expertise, and customer-centric approach make him the ideal leader to guide our Encapsulants & Backsheets business into its next phase of growth. I am confident that under his leadership, we will continue to innovate, strengthen our global presence, and deliver greater value to our customers and partners.”

Speaking on his appointment, Mr. Rajesh Singh, Chief Executive Officer – Encapsulants & Backsheets, said, “I am honoured to take on this responsibility at a time when innovation and reliability are becoming increasingly important across the solar value chain. RenewSys has built a strong foundation of quality, innovation, and customer trust, and I look forward to working closely with our talented teams, customers, and partners to accelerate growth, strengthen our market leadership, and deliver advanced photovoltaic materials that support the global clean energy transition.”

The appointment comes as the global solar industry continues to evolve, with increasing demand for high-performance, reliable photovoltaic materials. Under Mr. Rajesh Singh’s leadership, RenewSys will continue to strengthen its position as a trusted technology partner, delivering innovative encapsulant and backsheet solutions that enable the next generation of high-efficiency solar modules and support the evolving needs of customers worldwide.

Norton Rose Fulbright has advised a consortium of lenders on the refinancing of a 320MW ‘Round the Clock’ hybrid renewable energy project developed by ReNew and Mitsui in India.

The project, located across the states of Rajasthan, Maharashtra and Karnataka, combines wind, solar and battery storage to deliver firm, dispatchable renewable power.

A broad syndicate of 12 banks participated in the US dollar/Japanese yen equivalent of a USD 730 million green loan financing, led by Standard Chartered Bank, Société Générale (GIFT City), Sumitomo Mitsui Banking Corporation (Singapore) and Bank of America. The financing will be used to refinance the project’s existing senior debt as well as to meet other project costs and capital expenditure requirements.

The Norton Rose Fulbright team in Singapore was led by Partner Ben Carrozzi and included counsel Selene Tan, special counsel Sunny Jong, associate Alden Tan and trainee solicitor Uma Suri.

Ben Carrozzi commented, “India continues to lead the region’s energy transition. Against an increasingly favourable regulatory backdrop for financial markets, this transaction underscores the growing role of international capital in scaling integrated, round-the-clock renewable power solutions. As financing structures evolve and offshore liquidity deepens, hybrid projects will be key to delivering firm power, alleviating grid constraints and supporting emerging demand from corporate offtake, green fuels and digital infrastructure.”

Norton Rose Fulbright’s lawyers provide the full spectrum of legal services in the renewable energy sector. The firm is widely recognized for its involvement in pioneering first-in-jurisdiction and first-in-technology renewable energy projects around the world, particularly across the Asia Pacific region.

IB Solar welcomed a distinguished delegation of global energy leaders to its manufacturing facility in Noida, highlighting India’s rapidly advancing solar manufacturing ecosystem and the company’s integrated manufacturing capabilities.

The delegation included Ms. Sarah Ladislaw, CEO of the New Energy Industrial Strategy (NEIS) Centre, and Mr. Subrahmanyam Pulipaka, CEO of the National Solar Energy Federation of India (NSEFI) and Vice Chair of the Global Solar Council, along with representatives from the United States.

During the visit, the delegation toured IB Solar’s manufacturing facility and engaged in discussions focused on strengthening resilient global clean energy supply chains. The interaction also provided an opportunity to showcase India’s growing capabilities in advanced solar manufacturing and explore avenues for international collaboration.

The discussions reflected the expanding strategic partnership between India and the United States in the areas of clean energy, advanced manufacturing, and energy security. Both sides emphasized the importance of collaborations that accelerate innovation, encourage technology exchange, and contribute to the development of a more sustainable global energy ecosystem.

IB Solar also expressed its appreciation to the visiting delegation, including representatives from the United States, the National Solar Energy Federation of India (NSEFI), and the Asia Group, for visiting its Noida facility.

The company stated that it looks forward to strengthening partnerships that support renewable energy development, enhance India–USA cooperation, and contribute to the global energy transition.

Avaada Electro Limited, the solar PV manufacturing arm of Avaada Group, has advanced its 6 GW high-efficiency N-Type TOPCon solar cell manufacturing facility at its integrated solar manufacturing factory in Butibori, Nagpur. The first 3 GW production line is now operational, while the balance capacity is under ramp-up.

The facility is equipped with advanced N-Type TOPCon technology capable of delivering cell efficiencies of up to 25.5% under standard test conditions, supported by 16-busbar and 18-busbar architecture for higher power density, reliability and energy yields.

The Nagpur line is part of Avaada’s broader manufacturing roadmap. The company currently operates 8.50 GW of N-Type TOPCon glass-to-glass module capacity across Nagpur and Dadri, and is planning to add 5.10 GW to reach 13.60 GW of module capacity. It is also progressing toward adding another 6 GW of solar cell line at Greater Noida, taking total solar cell capacity to 12 GW. As a part of backward integration company is also planning 3GW of ingot and wafer capacity at Nagpur.

Vineet Mittal, Chairman and Whole-Time Director, Avaada Electro Limited, stated, “With the establishment of our 6 GW solar cell factory at Butibori in Nagpur, Avaada is actively contributing towards India’s green industrial age and complete technology independence. This facility is our definitive pledge to the nation – a localized manufacturing ecosystem engineered to minimise foreign import dependencies in an era of de-globalization, accelerate our economic trajectory, and position India at the absolute vanguard of the global energy transition. This factory represents far more than industrial infrastructure; it is a sustainable, co-located complex built on the values of indigenous ingenuity and environmental stewardship. We are not just scaling production; we are aiding a sustainable future where homegrown innovation dictates the global clean energy roadmap, anchoring India’s position as a green superpower. As India’s AI-driven digitization and data infrastructure scale at far greater pace, the demand for power that is clean and always on will only intensify, and facilities like Butibori ensure that this next wave of growth is built on a foundation of dependable, indigenous clean energy. This embodies the essence of Atmanirbhar Bharat – a strategic signal to the global market that India is ready to dictate the future of renewable energy.”

The integrated manufacturing ecosystem is designed to enhance supply chain resilience, improve operational efficiencies, reduce logistics costs, and accelerate localization across the solar value chain.

The development also strengthens Avaada Group’s position as an integrated energy transition company with interests across renewable power generation, solar PV manufacturing, green hydrogen and derivatives, energy storage and pumped storage. Avaada Energy has a renewable energy portfolio of over 17.70 GWp, including more than 7.20 GWp operational and about 10.50 GWp under construction, supporting India’s energy transition, strengthening domestic manufacturing and decarbonisation journey.

Solfin Sustainable Finance Private Limited, one of India’s fastest-growing green finance NBFCs, is gearing up to raise ₹500-600 crore in institutional debt after securing an investment-grade CARE A- credit rating, as it looks to deploy nearly ₹1,000 crore towards accelerating clean energy financing across India. The planned debt raise follows the company’s recent ₹280 crore equity infusion and achievement of profitability within its first full year of operations, marking a significant milestone in its evolution into an institutionally backed green finance platform built to support India’s rapidly expanding distributed renewable energy ecosystem.

As India targets 500 GW of non-fossil fuel capacity by 2030, access to affordable, timely and specialised financing remains one of the most critical enablers of the country’s clean energy transition. While technological advancements and supportive policy measures have accelerated solar adoption, financing continues to be the key determinant of how quickly households, MSMEs, commercial enterprises and developers can adopt renewable energy solutions. Solfin was established to address this challenge by building a technology-first financing platform purpose-built for green assets.

Since its inception, Solfin has built a differentiated financing ecosystem anchored in a proprietary underwriting engine, data-driven credit assessment and a fully digital loan journey. Today, the company works with more than 1,350 ecosystem partners, including EPC companies, dealers, OEMs and leading manufacturers such as Waaree Energies, providing financing solutions across residential, commercial & industrial (C&I), group housing societies, EPC and dealer segments. Its integrated technology platform has reduced residential loan approval timelines from weeks to days, while compressing turnaround times for complex commercial and industrial financing into single-digit days.

The company recently strengthened its balance sheet through a ₹280 crore equity raise and achieved profitability within its first full year of operations, underscoring the resilience of its business model and disciplined approach to growth. Together with the CARE A- rating, these milestones position Solfin to enter its next phase of expansion with stronger institutional credibility and enhanced access to growth capital.

Commenting on the development, Gautam Kaushik and Pramod Mahanta, Co-founders of Solfin Sustainable Finance, said: “India’s clean energy transition will ultimately be financed, not just manufactured. As distributed renewable energy scales across the country, specialised financial institutions will play a defining role in ensuring that access to capital keeps pace with demand. Our recent equity raise, profitability milestone and now the CARE A- rating collectively validate the institution we have built-one that combines technology, disciplined underwriting and strong governance to deliver financing at scale. The rating significantly strengthens our ability to mobilise institutional debt responsibly and expand fast, transparent financing solutions to homeowners, MSMEs, businesses, EPCs and channel partners across India, particularly in Tier 2 and Tier 3 markets.”

The rating also reflects Solfin’s strategic backing from the Waaree Group, promoters of one of India’s leading renewable energy companies, providing the company with deep sector expertise and a strong ecosystem advantage. This integrated approach has enabled Solfin to build a specialised green financing platform that combines technology, sector knowledge and distribution partnerships to address one of the largest gaps in India’s energy transition- access to affordable and efficient financing.