Renewable Power

The scheme currently provides subsidies of up to 40% to households installing rooftop solar panels and aims to provide up to 300 units of free electricity a month to 10 million households.

New Delhi will offer credit lines to African and Latin American nations to help domestic manufacturers find new buyers as steep US tariffs stall exports and trigger a factory capacity glut, new and renewable energy secretary Santosh Kumar Sarangi told Mint.

Government is looking to pool factories' demand for energy, using bulk purchases of green power to secure better prices for them. The move could make cleaner electricity a more secure alternative to gas, while helping manufacturers cut both energy costs and emissions.

The provision will protect clean energy developers from the risk of penalties—including encashment of bank guarantees, payment of daily extension fees, other financial compensation or reduction in contracted tariffs—for missing their project completion deadlines.

The second fund is nearly double the size of Transition VC's maiden ₹800 crore (around $77 million) investment vehicle.

The Sprng Energy deal highlights Grasim's transformation from a manufacturing company into the Aditya Birla Group's flagship incubation platform. Like the flagships of the Adani group and Reliance Industries, it is now becoming the engine for the group's next phase of growth.

The government’s expansion of the star-rating system, which was designed for energy conservation, follows energy security concerns triggered by the West Asia war when crude oil prices skyrocketed to above $100 per barrel.

All but one of India’s top listed solar module companies reported nil exports during the quarter ended 31 March. Market leader Waaree Energies Ltd, which had so far managed to protect its exports to the US, also reported fewer outbound shipments during the fourth quarter of FY26.

India is increasing renewable energy but lacks storage capacity. The government plans to support long-duration energy storage (LDES) technologies to address this, with a financial scheme expected by FY28, as current infrastructure can't efficiently manage renewable power in low generation periods.