India exported solar cells and modules worth over $344.5 million (~₹30 billion) in the third quarter (Q3) of 2025, a 65.2% year-over-year (YoY) increase from $208.5 million (~₹17.46 billion), according to data from the Department of Commerce. In a quarter-over-quarter (QoQ) comparison, module and cell exports declined by 37.2% from over $548 billion (~₹47 billion). Modules comprised 97.8% of total shipments, and cells accounted for the remaining 2.2%. Exports of solar cells surged 83.5% QoQ and 14.4% compared to the same quarter the previous year.

India installed rooftop solar systems in 2,396,497 residential households under PM Surya Ghar: Muft Bijli Yojana so far, reaching nearly 24% of the 10 million target set for the financial year (FY) 2026–27. As of December 3, 2025, a total of 5,354,099 applications have been received on the national portal, and 1,917,698 rooftop solar systems have been installed across the country. Union Minister of State for New and Renewable Energy Shripad Yesso Naik told Parliament that the program has targeted coverage of 3.5 million households for FY 2025-26.

The Tamil Nadu Electricity Regulatory Commission approved The Tamil Nadu Green Energy Corporation’s (TNGECL) proposal to float a tender to procure 420 MW of solar energy under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The Commission approved a ceiling tariff of ₹3.1 (~$0.034)/kWh for the projects, lower than TNGECL’s proposed tariff of ₹3.28 (~$0.036)/kWh. It reasoned that the solar projects deserve lower ceiling tariffs because of reduced capital costs resulting from lower GST rates.

Rajasthan Electronics and Instruments invited bids to commission 10 MW of grid-connected rooftop solar projects on state government buildings. The estimated cost of the work is ₹494.7 million (~$5.48 million). Bids must be submitted by December 15, 2025. Bids will be opened the next day. The minimum capacity for a single project must be 5 kW, and the maximum capacity should be 1,000 kW.

Power equipment manufacturer Transformers and Rectifiers (TARIL) secured an order valued at ₹533.3 million (~$5.93 million) from Power Grid Corporation of India for the repair, erection, testing, and commissioning of a 397 MVA high-voltage direct current (HVDC) converter transformer. The delivery is scheduled for the next financial year. According to Mukul P. Srivastava, CEO at Transformers and Rectifiers, TARIL is the first Indian-origin private-sector manufacturer to win a contract in the technologically advanced HVDC converter transformer segment. Transformers and Rectifiers manufacturers power, distribution, and specialty transformers, offering a comprehensive portfolio ranging from 5 MVA to 1000 MVA and up to the 1200 kV class.

Mumbai-headquartered integrated solar module manufacturer RenewSys signed a 1.1 GW supply agreement for its polyolefin elastomer (POE) encapsulants with Kosol Energie. Encapsulant is a protective layer for shielding solar cells from environmental damage. Under the agreement, RenewSys will supply POE encapsulants to Kosol Energie over a ten-month period from December 2025 to September 2026, supporting the production of advanced, high-efficiency solar modules at Kosol’s state-of-the-art facilities.

Emmvee Energy, a subsidiary of solar module manufacturer Emmvee Photovoltaic Power, entered into a supply agreement with a domestic buyer for the offtake of 4.5 GWp of tunnel-oxide passivated-contact crystalline-silicon solar cells. The cells must be supplied between December 2025 and December 2030. Emmvee has a solar module manufacturing capacity of 7.8 GW and a solar cell capacity of 2.94 GW. The company plans to add a 2.5 GW module line and a 6 GW integrated solar cell and module facility. By the first half of the financial year 2028, Emmvee aims to reach a total manufacturing capacity of 16.3 GW for modules and 8.94 GW for cells.