The New and Renewable Energy Development Corporation of Andhra Pradesh announced the 22 winners of its 1.2 GW rooftop solar auction to set up projects under the PM Surya Ghar: Muft Bijli Yojana. Kosol Energie, Rotomag Enertec, Sadbhav Futuretech, Crompton Greaves Consumer Electricals, and Surya Cons have won capacities of 291.54 MW, 139.53 MW, 90 MW, 77.4 MW, and 60.27 MW, respectively. Brihaspathi Technologies, Junna Solar Systems, Sunworks Energy, VSA Infra Projects, and Sree Sai Electronics have won capacities of 17.86 MW, 16.18 MW, 13.6 MW, 13.5 MW, and 12.07 MW, respectively. Other bidders have cumulatively won 71.86 MW of rooftop solar projects under the tender floated in July 2025.

The Assam Electricity Regulatory Commission (AERC) approved the Assam Power Distribution Company’s (APDCL) proposal to procure 1,000 MW of pumped hydro storage (PSP) capacity  for 40 years, adopting a tariff of ₹10.29 million (~$116,000)/MW/year, as determined through competitive bidding. The Commission permitted the signing of the pumped hydro storage power procurement agreement with the developers of pumped hydro storage projects, which offer nine hours of discharge capability with a maximum six-hour continuous discharge period.

The Meghalaya State Electricity Regulatory Commission issued the Intrastate Deviation Settlement Mechanism and Related Matters Regulations, 2025, in an effort to enhance grid stability. The regulations will apply to all generating stations owned by Meghalaya Power Generation Corporation or any other intrastate generating stations. They will apply to renewable energy projects of at least 5 MW capacity that have signed short-term and medium-term power supply agreements with DISCOMs within the state or outside it.

The Kerala State Electricity Board invited bids to select consultants to prepare a pre-feasibility report and detailed project report for the proposed 800 MW Kakkayam pumped storage project in Kozhikode, Kerala. Bids must be submitted by November 20, 2025. Bids will be opened on November 24. Bidders must submit a bid processing fee of ₹17,700 (~$200) and an earnest money deposit of ₹517,700 (~$5,838). The selected bidder must submit a performance guarantee equivalent to 5% of the basic contract price at least 15 days before signing the contract.

Adani Green Energy (AGEL) will invest approximately ₹150 billion (~$1.7 billion) to set up two pumped storage projects with a combined capacity of 2,700 MW in Assam. The company has received a letter of award for 500 MW out of a total of 2,700 MW. AGEL said the storage project will utilize advanced solutions for energy storage, grid stability, and managing electricity demand during peak times. According to Gautam Adani, Chairman at the Adani Group, these projects will not only energize Assam but also catalyze progress across the entire northeastern corridor.

Haryana-based solar module manufacturer Saatvik Green Energy’s material subsidiary, Saatvik Solar Industries, secured orders worth approximately ₹5 billion (~$55.87 million) over the past month to supply high-efficiency solar modules to undisclosed customers in the independent power producer and engineering, procurement, and construction segments. The total contract value comprises three orders, worth ₹1.77 billion (~$20.04 million), ₹3 billion (~$33.8 million), and ₹180 million (~$2.03 million). The company is expected to complete the order worth ₹3 billion (~$33.8 million) between December 2025 and March 2026, and the order worth ₹180 million (~$2.03 million) by December 2025.

Wind energy solutions provider Inox Wind reported a revenue of ₹11.62 billion (~$131.12 million) in the second quarter (Q2) of the financial year 2026, a 56% year-over-year (YoY) increase from ₹7.44 billion (~$83.95 million). Earnings before interest, taxes, depreciation, and amortization also rose 48% YoY to ₹2.71 billion (~$30.58 million) from ₹1.83 billion (~$20.65 million). The company’s quarterly net profit sustained its growth momentum from the previous quarters, rising 43% YoY to ₹1.21 billion (~$13.65 million) from ₹840 million (~$9.47 million). Inox’s earnings per share came up to ₹0.70 (~$0.0079) compared to ₹0.05 (~$0.00056).

U.S.-based solar module manufacturer First Solar will invest approximately $330 million to set up a 3.7 GW module manufacturing facility in Gaffney, South Carolina, to onshore the final production process for its Series 6 Plus modules, initiated by the company’s international fleet. The manufacturing facility is expected to commence commercial operations by the second half of 2026. First Solar said the South Carolina facility will directly support the demand for domestically produced energy technology created under the One Big Beautiful Bill Act (Budget Reconciliation Bill) this year.

The World Energy Outlook 2025, published by the International Energy Agency (IEA), has thrown light on how new vulnerabilities in electricity systems and mineral supply chains now complement traditional risks associated with oil and gas. Conflicts, trade restrictions, and instability coexist with oversupplied oil markets and subdued prices. The IEA notes that progress on emissions reduction has slowed even as the climate crisis deepens. The year 2024 was the hottest on record and the first in which global temperatures exceeded 1.5 degrees Celsius above pre-industrial levels.

Hydrogen fuel cell solutions provider Plug Power’s revenue went up by 1.89% YoY to $177 million in the third quarter of the financial year 2025, from $173.7 million. The company attributed the increase to gains in electrolyzer sales, volume growth in hydrogen fuel sales, and price improvements across operating segments. Net loss for the quarter rose 72% to $363.5 million from $211.1 million last year. Adjusted earnings per share improved to a loss of $0.12 from a loss of $0.23 last year.

Fuel cell manufacturer Ballard Power Systems’ revenue surged 120% YoY to $32.5 million in Q3 of 2025, from $14.8 million on the back of higher deliveries to its bus and rail customers in America and Europe. Revenue from the rail segment increased by 509% YoY to $7.4 million from $1.2 million. Revenue from the bus segment rose 39% YoY to $15.6 million from $11.2 million in the same quarter last year. Ballard’s net loss reduced by 86% to $28.1 million from $204.53 million in the same quarter of the previous year.