MERC Introduces Virtual Net Metering in Rooftop Solar Regulations

09 Sep 2024 CW Team

The Maharashtra Electricity Regulatory Commission (MERC) has introduced virtual net metering in its Grid Interactive Rooftop Renewable Energy Generating System (Second Amendment) Regulations, 2024. This move will benefit residents of multistorey buildings who face challenges installing rooftop solar in shared spaces.

To encourage early adoption, MERC has exempted Open Access Charges and Losses for virtual net metering installations until the rooftop solar capacity reaches 5,000 MW. Post that, new installations using the wheeling facility will incur these charges.

The Commission has also clarified that multiple residents within the same housing complex cannot jointly set up a renewable energy system. Other consumer groups must use net metering, group metering, or green energy open access.

Additionally, MERC redefined the term "renewable energy meter" as "renewable energy generation meter" in the updated draft regulations.

MERC may also introduce time-of-the-day tariffs to incentivize prosumers to install energy storage systems for efficient use of stored solar energy during peak demand

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..