The Ministry of Power has asserted that government-owned distribution companies (DISCOM) will continue to operate alongside private licensees in a regulated, level-playing environment, while referring to the Electricity (Amendment) Bill, 2025. It said the proposed reforms will be implemented in consultation with the states and will preserve the federal balance. “The Bill is a progressive reform aimed at strengthening the power distribution sector through financial discipline, healthy competition, and enhanced efficiency,” the Ministry said. It stated that the Bill promotes healthy competition between government DISCOMs and private licensees under the supervision of the state electricity regulatory commissions.

The Assam Power Distribution Company invited bids to set up a cumulative 67 MW of grid-connected rooftop solar projects on government buildings under PM Surya Ghar: Muft Bijli Yojana. The last date to submit bids is December 3, 2025. Bids will be opened on December 4. The tender has been divided into three packages: Lower Assam region (PKG-1), Central Assam region (PKG-2), and Upper Assam region (PKG-3). APDCL has identified 28.7 MW projects on 153 buildings under PKG-1, 21 MW projects on 144 buildings (PKG-2), and 17.3 MW projects on 110 buildings (PKG-3). The scope of work covers design, supply, installation, testing, and commissioning of rooftop projects.

Maharashtra government-owned manganese ore mining company MOIL invited bids for a 7 MW solar project at its Parsoda Mine site in the state’s Nagpur district. Bids must be submitted by December 8, 2025. Bids will be opened on December 10. The scope of work encompasses the design, engineering, procurement, construction, and commissioning of the project, as well as operations and maintenance for five years. The project will have a fixed operation and maintenance cost of 9.44% of the total quoted basic price, distributed as 18% in the first year, 19% in the second year, 20% in the third year, 21% in the fourth year, and 22% in the fifth year.

Ingka Investments, the investment arm of Ingka Group and the parent company of IKEA retail, announced its first renewable energy investment in India, acquiring a 100% stake in a 210 MW solar project in Bikaner, Rajasthan. The project is part of Ingka’s ₹10 billion (~$112.7 million) commitment to renewable energy in India. The solar project has reached ready-to-build status, with construction scheduled to begin shortly and operations expected to commence by December 2026. The project is designed to produce approximately 380 GWh of renewable energy annually.

Beyond Renewables & Recycling, a solar module recycling startup, raised ₹50 million (~$563,281) in pre-seed funding led by Momentum Capital to accelerate the development of its proprietary recycling technology, strengthen its waste supply chain, and scale operations. Founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables claims to have validated its recycling process at the lab scale, achieving high recovery and purity rates for materials such as silver and silicon. This is the company’s first external fundraise. Along with Momentum Capital, co-investors in the October 2025 round include Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, founder of Oorjan.

To reduce its carbon footprint and set a benchmark for environmental responsibility in the corporate real estate sector Chimes, commercial complex in Gurugram, Haryana, installed a 185 kWp rooftop and building-integrated photovoltaic solar system in March 2024. Executed by Solluz Energy, the project has been running steadily, generating around 25,000 units every month, contributing to 25% of Chimes’ total energy consumption. It expects a return on investment in 3.5 years from the time of commissioning. The project integrates Trina 575 Wp Mono PERC modules, Sungrow 125 kW and 50 kW string inverters, and HDGI mounting structures to deliver optimal performance and reliability.

Energy storage company Stem’s revenue rose 31% year-over-year to $38.2 million in the third quarter of 2025, from $29.3 million. However, the revenue missed analysts’ expectations by $260,000. The company’s loss per share was $2.84, falling short of analysts’ expectations by $0.47. Adjusted earnings before interest, taxes, depreciation, and amortization increased to $2 million from a loss of $3.5 million in the corresponding quarter last year. The improvement was driven by significantly lower operating expenses resulting from ongoing cost-reduction and profitability-improvement initiatives.

Spain’s EPE Institute for Energy Diversification and Saving (IDAE) approved the expansion of the budget allocation for non-repayable grants to support 2,416.54 MW of energy storage projects by 20% from €699.75 million (~$813.7 million) to €839.71 million (~$975.76 million). These grants, aiming to support 144 projects, will be co-financed by the European Union’s ERDF 21-27 Funds. IDAE will disburse the additional 20% grant amount if required. The grants will be provided through a competitive bidding process. The maximum total aid per entity is capped at 20% of the total program budget, while the maximum aid per project is set at 10% for pumped storage and 5% for other technologies.