A new building code rolled out by the Bureau of Energy Efficiency (BEE) to improve energy efficiency in commercial buildings and office spaces could drive renewable energy adoption, provided states incorporate it into local building bylaws. The BEE has issued the Energy Conservation and Sustainable Building Code 2024, which establishes standards to enhance energy efficiency in commercial and office buildings. A key feature of the code is its emphasis on enabling solar integration at the design stage, encouraging developers to account for renewable energy systems early in project planning.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) approved a tariff of ₹2.56 (~$0.028)/kWh for NTPC Renewable Energy’s 400 MW solar project. The Commission also approved the power purchase agreement executed between Uttar Pradesh Power Corporation and NREL for the supply of power for 25 years.

India must approach the coming decade not as a climate policy problem in isolation, but as a broader energy system strategy that sequences the transition in line with growth, security, and institutional preparedness, according to the Economic Survey 2025-26 tabled in Parliament by Finance Minister Nirmala Sitharaman. Renewable energy will play a major and growing role in sustained growth and living standards. However, capacity additions alone do not automatically translate into a dependable supply, particularly at non-solar peak times or during periods of high variability.

India’s total installed pumped storage project (PSP) capacity is expected to reach approximately 87 GW by 2033-34, according to the Central Electricity Authority’s (CEA) Roadmap to 100 GW of Hydro Pumped Storage Projects by 2035-36. The average annual capacity addition is projected to be 9 GW, resulting in total installed capacity exceeding 100 GW by 2035-36. However, the roadmap stated that PSP commissioning may accelerate in later years as projects’ potential increases, particularly for off-stream closed-loop projects with approximately four years of gestation.

Mumbai-based solar glass manufacturer Borosil Renewables reported a revenue of ₹3.9 billion (~$42.45 million) for the third quarter (Q3) of the financial year (FY) 2026, compared to ₹3.61 billion (~$39.31 million), a year-over-year (YoY) growth of 8%. The company reported revenue of ₹3.66 billion (~$39.85 million) within India and ₹250 million (~$2.72 million) from businesses outside India. The company posted a profit of ₹1 billion (~$10.89 million), against a loss of ₹300 million (~$3.27 million) during the same period last year.

U.S.-based solar tracker firm Nextpower reported revenue of $909 million for Q3 of the FY 2026, a 34% YoY increase from $679 million. The revenue exceeded analysts’ expectations by $93.49 million. Adjusted earnings before interest, taxes, depreciation, and amortization totaled $214 million, up 15.1% from $186 million in the same quarter of the previous year. Net profit grew 12% YoY to $131 million from $117 million in Q3 FY 2025.

China added 311 GW of solar and 119 GW of wind power capacity in 2025, according to data released by the National Energy Administration. These additions were the highest on record. In all, China installed an additional 543 GW of new energy capacity from both conventional and renewable sources during the year, a 16.1% YoY increase. Coal and gas-based power capacity rose by 93 GW. The total installed capacity from all sources was 3,890 GW at the end of 2025. Cumulative solar capacity reached 1,200 GW, up 35.4% YoY, and wind 640 GW, rising 22.9% YoY.