WAPCOS and Power and Energy Consultants India won Rajasthan Rajya Vidyut Utpadan Nigam’s (RVUNL) auction for consultancy services for preparing feasibility-cum- detailed project reports (DPR) for developing solar parks. The tender was floated in September this year. The two companies won the auction to prepare DPRs for a total capacity of 26.6 GW of solar parks. WAPCOS secured works for a capacity of 5.2 GW for a contract value of ₹12.39 million (~$39,848.41), and Power and Energy Consultants secured 21.4 GW for ₹42.61 million (~$480,812.15).

Union Minister of New and Renewable Energy Pralhad Joshi announced a ₹1 billion (~$11.3 million) call for proposals for pilot projects to develop technologies for producing green hydrogen from biomass and waste materials. Speaking at the third International Conference on Green Hydrogen, Joshi stated that startups had already received ₹1 billion (~$11.3 million) under the National Green Hydrogen Mission program. He added that the initiative will be implemented through the Biotechnology Industry Research Assistance Council to encourage participation from industries, startups, and research institutions.

India’s first MWh-scale Vanadium Redox Flow Battery project was commissioned by NTPC at its research and development center, the NTPC Energy Technology Research Alliance in Greater Noida. The project, inaugurated by Union Minister for Power Manohar Lal, represents a significant step in India’s push for long-duration energy storage solutions to strengthen renewable energy integration and grid stability. The 3 MWh (0.5 MW × 6 hours) system, developed under NTPC’s in-house R&D initiative, is the country’s largest and first of its kind.

Renewable solutions provider Sunsure Energy signed a long-term power purchase agreement with Deepak Fertilisers and Petrochemicals to supply 19.36 MW of round-the-clock power from its wind and solar projects in Maharashtra. The 19.36 MW projects comprise an 8.86 MW solar project in Dhule and a 10.5 MW wind project in Jath. The power will be supplied to Deepak Fertilisers and Petrochemicals’ facility located in Raigad. The project is expected to generate approximate 55 million units annually.

Solar engineering, procurement, and construction company Prozeal Green Energy signed a power purchase agreement with Grasim Industries for a 70 MW wind–solar hybrid power project. The project, with an estimated value of $100 million, will have a capacity of 49.5 MW in Gujarat and 20.5 MW in Andhra Pradesh. Grasim Industries plans to achieve 16% share of renewable energy in its overall energy mix by the financial year 2030. As of the financial year (FY) 2025, around 6.5% of Grasim’s total energy consumption comes from renewable sources, and the company has achieved an 11% reduction in emissions intensity compared to its FY 2024 base.

Integrated clean energy company Epic Energy’s board of directors approved in principle a proposal to issue and allot share warrants on a preferential basis to Soleos Energy. Upon full subscription and conversion of the warrants, Soleos would hold up to 18.16% of the post-conversion paid-up share capital of Epic Energy. The preferential issue will be undertaken in compliance with the regulations of the Securities and Exchange Board of India. The company, in its bourse filing, noted that the issue price, number of warrants, conversion ratio, and other terms will be as per applicable law and as disclosed in its filings with the stock exchange.

Uttar Pradesh-based renewable energy company Solarworld Energy Solutions’ revenue from operations for the second quarter (Q2) of FY 2026 fell 2.8% year-over-year (YoY) to ₹1.38 billion (~$15.58 million) from ₹1.42 billion (~$16 million). The dip in revenue was attributed to a ₹67.32 million (~$760,157) loss from the manufacturing segment. Net profit fell 58% YoY to ₹92.9 million (~$1.04 million) from ₹222.69 million (~$2.5 million). The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 48.6% YoY to ₹1.52 billion (~$17 million) from ₹2.96 billion (~$33 million).

SJVN reported revenue of ₹10.32 billion (~$116.5 million) for Q2 of FY 2026, a 0.5% YoY increase over ₹10.26 billion (~$115.8 million). The company attributed the nearly flat revenue to, among other things, the closure of its Rampur and Nathpa Jhakri hydroelectric projects in Himachal Pradesh due to the floods in the state, which caused high silt levels in the water. This caused losses of ₹500 million (~$5.64 million) to ₹600 million (~$6.77 million). The company was also affected by the end of the Minimum Alternate Tax, which ended after 10 years, resulting in higher tax expenses. SJVN also had increased finance costs of approximately ₹500 million (~$5.64 million) compared to the previous quarter.

Integrated power company, Tata Power, reported a revenue of ₹157.69 billion (~$1.78 billion) in Q2 of FY 2026, a 3% YoY from ₹152.47 billion (~$1.72 billion). The company’s EBITDA grew 6% YoY to ₹40.32 billion (~$454.88 million) from ₹38.08 billion (~$429.60 million). Profit after tax came in at ₹12.45 billion (~$140.45 million), a 14% increase from ₹10.93 billion (~$123.29 million) in the same quarter of the previous year.

Gujarat-based Torrent Power’s revenue from operations increased 10% YoY to ₹78.76 billion (~$888.76 million) in Q2 of the FY 2026. Its EBITDA for the quarter also went up by 19% to ₹15.84 billion (~$178.73 million). Torrent’s total comprehensive income increased by 48% to ₹7.3 billion (~$82.37 million). The improved performance was due to the rise in contributions from merchant power sales, including LNG sales, from gas-based power plants. The reduction in finance cost, partially offset by an increase in depreciation costs due to capex and commissioning of additional renewable generation capacity, also led to the rise.

Decarbonization solutions company ReNew posted a total revenue of ₹38.55 billion (~$434 million) in Q2 of FY 2026, a 32% YoY increase from ₹29.88 billion (~$337 million). Net profit declined marginally to ₹4.68 billion (~$53 million) from ₹4.94 billion (~$56 million) due to muted solar plant load factors and lower power demand resulting from an extended monsoon. EBITDA for the quarter increased to ₹26.24 billion (~$296 million) from ₹24.21 billion (~$273 million) in the same quarter last year. Revenue from power sales remained largely stable at ₹26.08 billion (~$294 million), compared to ₹26.01 billion (~$293 million) in the prior-year quarter.

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a record revenue of $30.51 million in Q3 of 2025, a 3,500% YoY increase from $854,000. The revenue reported in the quarter was the highest in the company’s history. However, the revenue fell short of analysts’ expectations by $9.03 million. Its net loss widened to $641.39 million, increasing 87.05% from $342.88 million in the same quarter last year. It posted an EBITDA loss of $634 million, an 89.3% rise from the corresponding quarter last year, when it reported a loss of $334.8 million. The company reported a loss per share of $4.91, compared with $1.77 in the same quarter last year.