When the PM Surya Ghar Muft Bijli Yojana was launched, it carried a bold promise. The goal was to help 10 million Indian households become prosumers through rooftop solar systems by March 2027.  However, over a year into its rollout, the program faces a critical roadblock. A severe shortage of solar modules that meet Domestic Content Requirements (DCR) continues to hinder its progress and threaten the realization of its long-term objectives. The continuing module supply crunch is slowing down rooftop installations, disrupting supply chains, halting vendor operations, and delaying approved projects in several states. Industry insiders describe the problem as systemic, affecting every level of implementation. Without timely corrective measures, the program’s ambitious goals could gradually drift further out of reach.

REC Power Development and Consultancy (RECPDCL) invited bids to establish an interstate transmission system in Davanagere and Chitradurga, Karnataka, to integrate renewable energy generation. The project will be executed on a build, own, operate, and transfer basis. Bids must be submitted by July 18, 2025. Bids will be opened on the same day. Selected bidders must install four 500 MVA, 400/220 kV ICTs (5th-8th) at Davanagere pooling station (PS), along with associated 400 kV and 220 kV ICT bays. They must also augment Davanagere/Chitradurga PS with one 1500 MVA, 765/400 kV ICT, complete with its 765 kV and 400 kV ICT bays.

Tata Power, an integrated power company, reported a profit after tax of ₹13.06 billion (~$152 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 25% year-over-year (YoY) growth from ₹10.46 billion (~$122.3 million). The company’s quarterly revenue stood at ₹172.38 billion (~$2 billion), growing 7% from the same period of the previous year. Higher power sales from all generating projects, ramp up of all solar module and cell lines in Tirunelveli, and significant strides in solar rooftop business pan-India contributed significantly to the overall growth.

ReNew Energy Global (ReNew), a decarbonization solutions company, announced it will invest approximately ₹220 billion (~$2.5 billion) to set up a hybrid renewable energy project in the Anantapur district of Andhra Pradesh. The project would have a capacity of roughly 2.8 GW, including 1.8 GW of solar and 1 GW of wind capacity. It will also include a battery energy storage system with a capacity of 1.8 GW. ReNew claims this project will be one of the country’s largest renewable energy complexes at a single location.

Power purchase agreement prices for renewable energy remained largely stable across North America in the first quarter of 2025, according to a report by LevelTen. The report said that PPA prices for solar energy increased marginally by 1%. In North America, P25 prices remained largely stable among most independent system operators. P25 refers to the 25th percentile of PPA prices. The Electric Reliability Council of Texas continues to dominate as the most competitive and robust market due to increasing electricity demand.

U.S.-based solar tracker firm Nextracker reported a revenue of $924.34 million in the Q4 FY 2025, a 25% YoY growth from $736.51 million. The revenue exceeded analysts’ expectations by $95.89 million. The company’s earnings before interest, taxes, depreciation, and amortization  increased 52% YoY to $242.49 million. The company’s profit was $156.79 million, reducing 23% from $205.16 million in the same period the previous year.

The Romanian Ministry of Energy announced the second auction under the State Aid Scheme through contracts for difference (CfD) to increase renewable energy production from onshore wind and solar sources. The auction is for a capacity of 3,472 MW, with 2,000 MW for onshore wind and 1,472 MW for solar energy projects. The maximum strike prices are set at €80 (~$89.72)/MWh for wind and €73 (~$81.87)/MWh for solar projects. The first CfD auction was launched in September 2024, including 500 MW of solar and 1 GW of wind capacity. The current auction was issued after the success of the first round, which allocated 432 MW of solar capacity.