The recent proposal from the Kerala State Electricity Regulatory Commission to limit net metering for rooftop solar systems up to 3 kW is likely to slow down the rooftop solar installations in the state. According to the draft regulations, net metering will only be permitted for rooftop solar systems with a capacity between 3 kW and 5 kW, provided they include energy storage systems (ESS) that account for up to 30% of the rooftop solar capacity. The Commission proposed limits on net metering and a mandate for ESS for rooftop solar projects in its draft order titled ‘Renewable Energy and Related Matters Regulations, 2025.’

ACME Solar and Patel Infrastructure won NHPC’s auction to set up 500 MW/1,000 MWh intrastate transmission system-connected standalone battery energy storage systems in Andhra Pradesh (Tranche II). ACME Solar won 225 MW/ 450 MWh at a tariff of ₹222,000 (~$2,580.20) MW/month for the Ghani substation and 50 MW/100 MWh at ₹210,000 (~$2,440.73)/MW/month for the Kuppam substation. Patel Infrastructure won 225 MW/450 MWh at a tariff of ₹208,000 (~$2,417.48)/MW/month for the Jammalamadugu substation.

The Ministry of New and Renewable Energy (MNRE) released draft guidelines for the approval and testing of solar inverters under the Solar Systems, Devices, and Components Goods Order, 2025. MNRE had released the order in January this year, aiming to enhance the quality and reliability of inverters and other components and increase the adoption of high-performance solar technologies. It has invited industry stakeholders to share their comments. Under the guidelines, manufacturers must submit a declaration specifying their products’ series at the time of submitting samples to the test laboratory.

With rising electricity costs and an increased push for decarbonization, banks across India are strengthening their green lending portfolios to support the installation of captive and rooftop solar systems. At the recent Mercom India C&I Clean Energy Meet in Coimbatore, leading bankers outlined how they are adapting loan products, processes, and terms to meet the evolving energy needs of micro, small, and medium enterprises. Representatives from the Small Industries Development Bank of India, State Bank of India, IDBI Bank, and Bank of Maharashtra shared details about their green financing strategies.

The Bihar Electricity Regulatory Commission (BERC) approved a petition filed by the Bihar State Power Holding Company (BSPHCL) to procure 300 MW of wind power at a tariff of ₹3.97 (~$0.046)/kWh along with a trading margin of ₹0.07 (~$0.00082)/kWh. The Commission also approved the draft power sale agreement to be executed between Solar Energy Corporation of India and BSPHCL on behalf of the two state distribution companies, North Bihar Power Distribution Company and South Bihar Power Distribution Company.

The BERC approved tariffs ranging from ₹2.77 (~$0.032)/kWh to ₹3.48 (~$0.040)/kWh for 238.15 MW of solar power from grid-connected projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan program. The power acquisition for 25 years will help Bihar meet its Renewable Purchase Obligation.

NHPC issued a request for selection to set up grid-connected rooftop solar projects with a cumulative capacity of 19.2 MW on government buildings in Haryana. Bids must be submitted by July 21, 2025. Bids will be opened on July 25. The scope of work entails the design, engineering, procurement, supply, erection, testing, and commissioning of the projects. It also involves providing net-metering and conducting multi-level inspections.

Solar module and cell manufacturer Emmvee bagged a ₹15 billion (~$174.31 million) order from KPI Green Energy to supply TOPCon bifacial solar modules for an upcoming project in Gujarat. The modules will be produced at Emmvee’s facilities in Dabaspet and Sulibele in Karnataka, with deliveries expected to be completed within the current financial year. Emmvee’s total production capacity includes 7.8 GW for modules and 2.94 GW for cells.

Enviro Infra Engineers Renewables, a subsidiary of Enviro Infra Engineers, acquired a 49% equity stake in renewable energy company Soltrix Energy Solutions (Soltrix) for ₹13.2 million (~$153,352). Soltrix has been awarded a contract for the engineering, procurement and construction, and maintenance of a 29 MW solar power project for the Maharashtra State Electricity Distribution Company to be set up in the state. The project includes state financial assistance of ₹32 million (~$371,868), along with a tariff-based revenue generation of ₹0.88 (~$0.010)/kWh for 25 years.

BluPine Energy secured ₹24.16 billion (~$280.75 million) in debt financing for its 150 MW firm and dispatchable renewable energy power project in Aland, Karnataka. Solarcraft Power India, a wholly owned subsidiary of BluPine, won 150 MW capacity in SJVN’s 1,500 MW FDRE auction at a tariff of ₹4.39 (~$0.0527)/kWh. The project is scheduled for commissioning in 2026. The project will facilitate the development of a mix of solar, wind, and battery energy storage assets to address the intermittency of renewable energy, thereby helping distribution companies meet peak power demand.

Adani Electricity Mumbai concluded the open-market repurchase of its senior secured notes worth $49.5 million (~₹4.25 billion). The transaction is part of a senior secured note issue of $1 billion (~₹86.03 billion) at a coupon rate of 3.9%, secured by AEML in February 2020. The distribution company also confirmed its purchase notes were canceled after acquiring the senior secured notes. The repurchase was funded through AEML’s internal cash flows. Following these transactions, the outstanding principal amount of senior secured notes is $830.5 million (~₹71.45 billion).

Non-banking financial company and lender to the renewable energy sector, Aseem Infrastructure Finance secured external commercial borrowing and a green loan amounting to $80 million (~$6.88 billion) from DBS Bank. The funding will enable Aseem Infrastructure Finance to accelerate the development of renewable power projects across India. DBS Bank was the sole mandated lead arranger through its branch in the Gujarat International Finance Tec-City.

Engineering, procurement, and construction company Sunkind Energy signed a memorandum of understanding with ConfirmWare PV Manufacturing Solutions to develop 4 GW of solar module and cell manufacturing units. Sunkind Energy will commission two manufacturing units, one each in Rajasthan and Madhya Pradesh, having begun the groundwork on the facilities’ sites. The Madhya Pradesh unit will produce modules and cells with a total capacity of 2.5 GW. The Rajasthan unit, which will only produce modules, has a capacity of 1.5 GW. Both manufacturing units will produce 610 W TOPCon modules using M10 monocrystalline silicon cells.

Despite global renewable energy capacity adding a record 741 GW in 2024, the world is projected to fall short of the goal to triple renewable capacity by 2030 by 800 GW, according to the Renewables 2025 Global Status Report published by REN21. China led with 445 GW or 60.2% of the total capacity additions. Europe followed with 92 GW, Oceania and Asian countries, excluding China and India, added 73 GW, and North America contributed 56 GW. India installed 36 GW, Brazil 18 GW, the rest of Latin America and the Caribbean 8 GW, and Africa and the Middle East together added 13 GW.