The Central Electricity Regulatory Commission (CERC) approved a tariff of ₹2.5 (~$0.028)/kWh for Solar Energy Corporation of India’s (SECI) 100 MW solar project. The Commission also approved a trading margin of ₹0.07 (~$0.0008)/kWh for the 100 MW capacity won by AMP Energy Green. SECI had floated a tender to set up 1,200 MW interstate transmission system-connected solar projects under Tranche VIII.

The Gujarat Electricity Regulatory Commission (GERC) rejected a petition by a solar power developer seeking to extend the commissioning deadline for its 3.94 MW ground-mounted systems. The solar developer, Saanika Polytex, had received a show-cause notice from Dakshin Gujarat Vij Company for a delay in the project’s commissioning, after which it contended that the delay had been beyond its control. The Commission found no merit in its arguments and rejected its request.

Industrial-grade centrifugal fans manufacturer Reitz India saved ₹6.7 million (~$76,279) annually by installing a 650 kW rooftop solar project at its Isnapur facility in Andhra Pradesh. Reitz manufacturers centrifugal fans for the cement, oil and gas, power stations, food processing, pharmacy, glass and ceramic manufacturing sectors. The manufacture of centrifugal fans is power-intensive. On average, the company’s monthly expenditure before installing the rooftop project was ₹1.17 million (~$13,319.6), amounting to approximately ₹14.04 million (~$159,836) per year. With large shed spaces on its premises, Reitz India had the opportunity to use its unused rooftop areas to generate power from a rooftop solar installation.

Dalmia Cement (Bharat) announced it will source 14 MW of solar power as a captive consumer from Velan Infra Projects, a renewable energy solutions provider, through three special purpose vehicles (SPVs) in Tamil Nadu. Dalmia has entered into a share subscription and shareholders’ agreement to acquire a stake, or an additional stake in Velan’s SPVs in one or more tranches for ₹42 million (~$478,525.32). This transaction is expected to be completed within three months.

Vikran Engineering received a letter of award from Ellume Energy MH SolarOne, valued at ₹3.54 billion (~$40.21 million), for the engineering, procurement, and construction (EPC) of a 100 MW grid-connected solar power project in Maharashtra. The work must be completed within 12 months of receiving the letter of award. In March last year, Ellume Solar received a letter of award from Maharashtra State Power Generation Company to develop a 100 MW grid-connected solar project in Aurangabad under the Mukhyamantri Saur Krishi Vahini Yojna.

Mumbai-based solar EPC company Aelius Turbina announced its expansion into manufacturing building-integrated photovoltaic products (BIPV), including solar roof tiles, floor tiles, and facade panels. The company is setting up a fully automated 5-acre manufacturing facility in Halol, near Vadodara, Gujarat. The factory inauguration is scheduled for January 15, with trial runs in December. The line is customized for variable panel sizes and weights, ranging from 300 mm × 300 mm to 3,000 mm × 1,500 mm. In standard solar panel terms, the capacity is about 300 MW per year. For BIPV, this translates to roughly 2 million square meters of module production annually.

NTPC Green Energy commissioned 95.75 MW out of the 1,255 MW Khavda-I Solar Project in Gujarat. The project was set up under Phase II of the Central Public Sector Undertaking program. With the latest commissioning, NTPC Green’s commissioned capacity has increased from 7,419.98 MW to 7515.7 MW.

NHPC announced the commencement of commercial operations at full capacity of its 300 MW Karnisar Solar Project in Bikaner, Rajasthan, following the completion of the fifth and final phase of 85.72 MW. The company has six solar projects with a capacity of 511.70 MW and a wind capacity of 50 MW. As of October 14, 2025, it has a total installed power capacity of 8,332.90 MW. It has 6,680 MW of solar projects under construction through its clean energy arm, NHPC Renewable Energy.

Bengaluru-based renewable energy intelligence company Smart Grid Analytics has raised $3.3 million (~₹289.75 million) in funding from strategic investors and clean energy veterans worldwide. The funding will be used to develop technology to make renewable power projects more intelligent, efficient, and autonomous, enabling grids to meet and exceed renewable energy targets. It will help with product deployment across 20 countries for solar, wind, hybrid, and battery energy storage system (BESS) projects. The funding will also be used to accelerate its product innovation, team expansion, and international reach.

Electric vehicle manufacturer Honda Motor made an equity investment in OMC Power, a distributed power supply and mini-grid business, to develop clean energy storage batteries jointly. Honda Motor did not disclose the financial details of the stake acquisition. The investment will be used to advance innovative business models in energy storage and battery repurposing from the electric mobility ecosystem. The partnership between the two companies will aim to accelerate its goal of reaching a 1 GW clean energy portfolio. OMC Power plans to launch a leasing business for an uninterruptible power supply device using the Honda Mobile Power Pack e:, a portable, swappable battery, in January 2026.

Crompton Greaves Consumer Electricals secured an order to supply 77 MW of on-grid residential rooftop solar systems in Andhra Pradesh. The total order amounts to ₹4.45 billion (~$50.42 million). This order is for the supply of 2 kW solar systems to 40,000 households. It follows an earlier order the company received, amounting to ₹515.9 million (~$5.8 million) to supply solar modules, inverters, and AC and DC distribution boxes for rooftop solar projects in Telangana. Crompton said its entry into the solar rooftop segment is part of its broader strategy to expand its total addressable market from its current range of ₹750 billion (~$8.4 billion) to ₹1 trillion (~$11.26 billion), ultimately aiming to reach ₹2 trillion (~$22.5 billion).

Industrial-scale green hydrogen generation company HYDGEN raised $5 million in a mix of equity and debt round led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic family offices from India and Singapore. HYDGEN will utilize the funding to accelerate its efforts to provide ultra-pure, cost-efficient hydrogen directly at the point of use through its proprietary anion-exchange membrane electrolyzer technology. The funds raised will be used to upgrade its Mangalore, Karnataka production facility to a semi-automated manufacturing line, enhance its single-stack capacity to 250 kW, and expand its operations in Japan, Europe, and the Middle East.

Public infrastructure finance company REC posted a net profit of ₹44.14 billion (~$530.4 million) for the second quarter (Q2) of the financial year (FY) 2026, up from ₹40.37 billion (~$484.9 million) in the corresponding period of the previous year, reflecting a 9.4% increase. The company’s total revenue stood at ₹151.6 billion (~$1.82 billion) during the quarter, up from ₹137.06 billion (~$1.65 billion) in Q2 FY25. The company declared a second interim dividend of ₹4.60 (~$0.055)/share. Total assets stood at ₹6.40 trillion (~$76.9 billion) as of September 30, 2025, and loan assets reached ₹5.74 trillion (~$69 billion).

Low-emissions hydrogen production grew by 10% in 2023 and is on track to reach one million tons by the end of 2025, according to the International Energy Agency’s Global Hydrogen Review 2025. Currently, low-emissions hydrogen accounts for less than 1% of global production. High costs, uncertain demand, regulatory uncertainty, and slow infrastructure development hindered the uptake of low-emissions hydrogen in 2024. Despite a recent wave of project delays and cancellations, several positive trends indicate that the industry is maturing. Since 2020, over 200 low-emissions hydrogen projects have reached final investment decisions, a major leap from just a handful of pilot projects a few years ago.

China added 28.06 GW of solar power capacity in Q3 2025, a 52% year-over-year decrease from 58.4 GW, according to the National Energy Administration. The China Photovoltaic Industry Association had noted that solar installations will likely decline in 2025 with the introduction of market-based pricing reforms. China had relied on a feed-in tariff regime to ramp up renewable energy capacity at a staggering pace. The National Energy Administration and National Development and Reform Commission announced a sustainable pricing mechanism for renewable energy projects selling power to the grid through market-based bidding in each region from June this year.

Germany’s Federal Network Agency (Bundesnetzagentur) invited bids for 2.32 GW of solar projects. Bids must be submitted by December 1, 2025. The tender volume of 2.32 GW represents the total capacity for which financial support under the Renewable Energy Sources Act will be made available. The annual tender volume for 2025 amounts to 9,900 MW, evenly distributed over the three scheduled bidding dates of the year. The tariff ceiling for this round is set at €0.068/kWh (~$0.079/kWh). The tender falls under the ‘Solar Package 1’ framework.