The Central Electricity Regulatory Commission (CERC) issued a suo motu order directing that monthly tariffs or charges must be adjusted or refunded from the date the Goods and Services Tax reduction event occurs, affirming that renewable energy generators must pass on the benefit of lower tax rates to procurers. To enable this, generating stations must furnish invoices and auditor-certified statements demonstrating a clear one-to-one correlation between project expenditure and the invoices raised. The Commission has instructed all parties to complete this reconciliation before approaching it for tariff determination under Change in Law provisions, as per the Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, and Section 63 of the Electricity Act, 2003.

The Telangana Electricity Regulatory Commission approved amendments to the time-of-day (ToD) tariff structure for the Southern Power Distribution Company and the Northern Power Distribution Company. Under the revised structure, the 22:00–06:00 ToD tariff over retail supply energy charges will be zero from December 1, 2025, to March 31, 2026, replacing the earlier ₹1.50 (~$0.017)/kWh that was applicable for April–November of the financial year (FY) 2025–26. Surcharges of ₹1 (~$0.011)/kWh during the 06:00–10:00 and 18:00–22:00 peak time slots remain unchanged for the full FY 2026. These ToD tariffs apply to HT-I(A) Industrial and Poultry, HT-II(A) Others, HT-II(B) Wholly Religious Places, HT-III (Airports, Railway Stations, Bus Stations), and HT-IX electric vehicle charging stations.

The Rajasthan Electricity Regulatory Commission allowed a solar developer to claim up to ₹488 million (~$5.5 million) in compensation due to a change-in-law event. The Commission has allowed petitioner ACME Aklera Power Technology (ACME Solar Holdings) to claim compensation of ₹309.7 million (~$3.5 million) to ₹ 399 million (~$4.5 million) for the imposition of basic customs duty, and ₹89 million for the increase in goods and services tax. It, however, rejected the petitioner’s claims for compensation for high-sea sales in non-Manufacturing and Other Operations in Warehouse Regulations areas, amounting to ₹60.6 million (~$684,071). It also rejected the petitioner’s claim for margins on EPC invoices, vendor invoices raised before September 2021, and on credit notes issued, amounting to ₹17.6 million (~$684,071).

The Telangana Electricity Regulatory Commission issued the final regulations for grid-interactive rooftop solar, introducing a comprehensive framework governing metering for consumers in the state. The framework titled Telangana Electricity Regulatory Commission (Rooftop Solar Photovoltaic Grid-Interactive Systems) Regulations, 2025 will apply to distribution licensees, eligible consumers, and third-party owners of rooftop solar PV systems. The regulations cover all rooftop solar systems operating under net metering, group net metering, gross metering, and virtual net metering. The interconnection must comply with standards specified by the Central Electricity Authority under its 2013 connectivity regulations, 2023 safety regulations, and the Telangana State Electricity Grid Code Regulations, 2018.

NTPC Green Energy (NGEL) commissioned 75.5 MW of the 1,255 MW Khavda-I Solar PV Project in Gujarat. The project is being executed under Phase II Tranche III of the Central Public Sector Undertaking program. With the commissioning of the 75.5 MW capacity, NGEL’s total installed capacity has increased from 7,563.57 MW to 7,639.07 MW. In October 2025, NGEL had commissioned a capacity of 95.75 MW of the same project. As of the third quarter of the financial year 2026, NGEL has a total portfolio of over 32 GW of renewable energy projects across India. The company has 15,680 MW of renewable energy projects contracted and awarded, and 9,100 MW in the pipeline.

Tata Power Renewable Energy commissioned a 300 MW solar power project for NHPC at Karnisar Bhatiyan in Bikaner, Rajasthan. The project comprises approximately 775,000 solar modules spread across the desert terrain, supported by precision ramming structures and inverters designed to withstand Rajasthan’s extreme temperatures. The projects used domestic content requirement-compliant solar cells and bifacial modules supplied by TP Solar’s manufacturing facility in Tirunelveli. The power generated from the project will be supplied to the Punjab State Power Corporation. Over its operational lifetime, the project is expected to produce 17,230 million units of electricity.

Hounen Solar America will commence the construction of a 3 GW solar module manufacturing facility in South Carolina in 2026. Hounen said the facility, to be located in Summerville, will span 1,019,200 sq. ft and incorporate advanced automation, smart manufacturing, and high-efficiency solar technology. As of 2024, the company had a module manufacturing capacity of 1 GW from its 200,720 sq. ft facility in Orangeburg, South Carolina. Hounen Solar provides solutions for residential, commercial rooftop, and utility-scale solar projects. Several U.S. solar companies have recently announced plans to set up module manufacturing plants.

China-based solar cell and module manufacturer JinkoSolar‘s revenue dipped 34.1% year-over-year to RMB16.16 billion (~$2.27 billion) in the third quarter (Q3) of 2025, primarily due to a decline in the average selling price of solar modules. Adjusted net loss attributable was RMB373.1 million (~$52.49 million), compared to adjusted net income of RMB103.9 million (~$14.61 million) in Q3 2024. This excludes the impact of changes in the fair value of convertible notes issued by us in 2023, changes in the fair value of long-term investments, share-based compensation expenses, and impairment of long-lived assets. The losses per ordinary share were RMB3.58 (~$0.50), compared to a profit of RMB0.11 (~$0.015) in Q3 2024.