P2P energy trading in Delhi: The Delhi Electricity Regulatory Commission (DERC) has given a go-ahead for Delhi to launch a peer-to-peer (P2P) solar energy trading under a 6-month pilot project. Responding to a Tata Power Delhi Distribution Ltd. (Tata Power-DDL) petition to launch a blockchain-based platform, the DERC green signaled the launch of a P2P commercial energy trading platform within its licensed area. It will enable consumers and prosumers to decide the rate for energy trading among themselves. Transaction charges of INR 0.42/kWh will be borne and shared equally between the 2 parties. This is aligned with the objective of providing access to solar for consumers of Delhi and creating avenues for income generation under the Delhi Solar Policy 2023. Back in 2019, Australia’s Power Ledger offered its blockchain platform to BSES Rajdhani Power Limited (BRPL) to carry out a pilot project for a large-scale P2P energy trading trial (see Delhi Utility Investing In Blockchain RE Trading).
Fresh funds for expansion: Indian solar PV manufacturer GREW Solar has raised INR 1,050 crore in a funding round led by Bay Capital Investment to scale its planned 3 GW solar cell production factory in Narmadapuram, Madhya Pradesh, to 8 GW by the end of 2026. A company statement says this funding round also includes 2 institutional investors. The fresh funding will enable it to accelerate its expansion, it added. This follows the company’s INR 300 crore fundraising in September 2025 s (see India Solar PV News Snippets).
Odisha attracts RE investments: The Indian state of Odisha has announced signing several memorandums of understanding (MoUs) tyINR 67,000 crore for 6.8 GW of renewable energy capacity. Among the MoUs signed at the inauguration of Odisha Renewable Energy Investor Conclave 2026, BPCL has proposed to establish ground-mounted solar, floating solar, and pumped storage projects, according to local media reports. On the occasion, the state government announced that it has already approved 2 GW of renewable energy projects over the past 2 years and is seeking further investment in the space. It touts 33 GW of floating solar potential in the state and a floating PV pipeline exceeding 5 GW. By 2030, Odisha targets 10.96 GW of renewable energy capacity. Earlier this year, Axis Energy Ventures proposed to develop 5 GW of renewable energy capacity in the state (see India Solar PV News Snippets).
5th revision to ALMM List-II: The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) for solar cells, expanding the total capacity to 26.47 GW in the 5th revision of ALMM List-II. This includes the 437 MW capacity addition of Fujiyama Power Systems with its bifacial mono c-SI PERC solar cell. In the previous revision, the ministry added 1.074 GW of Evervolt Solar Technology India capacity with validity lasting till February 4, 2030. The ministry has included its bifacial mono-c-Si PERC cell into the list with an average efficiency of 23.10%. The list also includes an addition of 405 MW capacity to Mundra Solar PV’s 1.89 GW, expanding it to 2.298 GW. Premier Energies has also been cleared to add a new model, an n-type TOPCon solar cell with 25.37% average efficiency with validity under the list till July 30, 2029. This expands Premier Energies’ enlisted capacity to 1.358 GW with the addition of 607 MW. First Solar’s FS India Solar Ventures Private Limited is enlisted in the ALMM List-I for solar PV modules and is deemed to be eligible for inclusion in List-II for solar PV cells. FS Solar’s total enlisted capacity has increased to 3.433 GW with the addition of 221 MW. ALMM List-II is scheduled to come into effect from June 1, 2026 (see India To Impose ALMM For Solar Cells From June 1, 2026).
Acquisition approval: The European Commission has green-signaled BlackRock Group’s proposal to acquire a minority stake in India’s Aditya Birla Renewables Limited (ABReN) with its close to 4.3 GW renewable energy portfolio. It will jointly held by the company and Grasim Industries Limited. The commission concluded that the merger did not raise any competition concerns given its limited impact on the European Economic Area. BlackRock’s Global Infrastructure Partners (GIP) has finalized an investment of up to INR 30 billion in ABReN in December 2025, comprising a greenshoe option of INR 10 billion (see India Solar PV News Snippets).
Saatvik enters IPP space: Saatvik Green Energy Limited has acquired 49% of equity shares in Intelligent Hydel Solutions Private Limited (IHSPL) through its wholly-owned subsidiary Saatvik Cleantech EPC Private Limited. This marks the company’s foray into the independent power producer (IPP) business. IHSPL is setting up a 41 MW solar project in Maharashtra.
JV consolidation: ACEN Renewables International, a subsidiary of the Philippines-based ACEN, has become the sole owner of a GW-scale renewable energy portfolio in India after it consolidated its joint venture with UPC Renewables. The portfolio comprises 3 renewable energy facilities totaling 1,059 GW DC/819 MW AC under construction and advanced development in the states of Rajasthan and Karnataka, along with a nearly 7 GW pipeline across India. ACEN said this strategic move strengthens its presence in India, aligned with the aim to scale renewables across key Asia Pacific markets.
