The Solar Energy Corporation of India invited bids for a balance of system package for a 200 MW solar power project in Dhar, Madhya Pradesh. The last date to submit bids is May 22, 2025. The scope of work covers the design, engineering, procurement, supply of equipment and materials (except solar modules), rection, testing, and commissioning of the solar power project on a turnkey basis.

NTPC Renewable Energy invited bids for the engineering, procurement, and construction package for a 56 MW floating solar project with a 60 MW/240 MWh battery energy storage system (BESS) at NTPC North Karanpura in Chatra, Jharkhand. Bids must be submitted by June 24, 2024. Bids will be opened on the same day. Successful bidders must deliver a complete, functional, and grid-connected floating solar project with integrated BESS on a turnkey basis.

REC Power Development and Consultancy invited proposals to set up an intrastate transmission system to establish a 400 kV substation and associated transmission lines in Karnataka’s Belagavi district on a build, own, operate basis. Bids must be submitted by July 4, 2025. Bids will be opened on the same date. The scope of work entails the design, engineering, construction, erection, testing, and commissioning of the project. It also includes supplying the project’s equipment and material and providing operation and maintenance (O&M) services.

The V.O. Chidambaranar Port Authority invited bids for the engineering, procurement, and construction of a 6 MW wind power project in Tuticorin, Tamil Nadu. Bids must be submitted by May 8, 2025. Bids will be opened on May 9. The scope of work entails the design, engineering, procurement, construction, installation, testing, and commissioning of wind turbine generators with a supervisory control and data acquisition system. It also includes providing civil, electrical, mechanical, instrumentation, and communication components and grid connectivity to the Tamil Nadu Power Distribution Company.

Tenughat Vidyut Nigam invited bids for the engineering, procurement, and construction (EPC) of 50 MW solar power projects at the Tenughat Thermal Power Station at Bokaro, Jharkhand on a turnkey basis. Bids must be submitted by June 11, 2025. Bids will be opened on June 12. The scope of work entails the design, engineering, EPC, and commissioning of the solar projects. It also includes providing comprehensive O&M services for ten years and the project’s evacuation system up to the interconnection point at Bokaro.

Hyderabad-based energy storage company Cygni Energy operationalized the first phase of its 4.8 GWh BESS gigafactory in Maheshwaram, Hyderabad. The factory will produce high-capacity battery packs for electric vehicles and energy storage systems. The advanced BESS systems will cater to large grid-scale stationary storage projects and independent power producers. The factory plans to increase the factory’s capacity to 10.8 GWh by 2027 under the second phase.

Indian Oil Corporation’s board of directors approved an additional equity investment of ₹10.86 billion (~$129.44 million) in its wholly owned subsidiary, Terra Clean, to develop 4.3 GW renewable energy capacity. This decision adds to the previously approved 1 GW capacity. Terra Clean was incorporated on March 15, 2023. In April 2024, it received an initial equity investment of ₹13.03 billion (~$155.28 million) to develop its first 1 GW renewable energy capacity.

The Commercial and Industrial (C&I) sector can get a 20-25% return on investment by investing in rooftop solar. At the recent C&I Clean Energy Meet hosted by Mercom India in Mumbai, leading open access and rooftop solar developers shed light on the financial savings from shifting to solar. Representatives from Kalpa Power, Adani Solar, and Soleos Solar Energy participated in the discussion.

Scientists at Germany’s Fraunhofer Institute for Solar Energy Systems ISE have claimed to have produced silicon heterojunction solar cells with a total silver consumption of 1.4 mg per watt of peak power. This consumption would be one-tenth compared to the current industrial production standard. The scientists said they considerably reduced the silver content in the metallization paste on the solar cells’ front side and fully replaced silver with copper paste on the rear side.

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation reported a revenue of $123.9 million in the first quarter (Q1) of 2025, a 70% decrease from $415.3 million in the same period last year. The revenue decline was primarily attributed to a decrease in sales volume. Sales volume dropped to 28,008 MT, down from 42,191 MT in Q4 2024. Similarly, production volume fell from 34,236 MT in Q4 2024 to 24,810 MT in Q1 2025.

China-based solar cell and module manufacturer JinkoSolar’s revenue for Q1 2025 dropped 39.9% year-over-year (YoY) to RMB13.84 billion (~ $1.91 billion) but slightly exceeded market expectations. Revenue dipped 33% quarter-over-quarter. The company recorded a net loss of RMB1.32 billion (~$181.7 million) in Q1 2025, compared to a net profit of RMB609.4 million (~$84.39 million) in the same quarter last year. The adjusted net loss attributable to shareholders stood at RMB1.07 billion (~$147.4 million).

Smart energy storage company Stem reported a 27% revenue increase in Q1 2025 to $32.5 million, against the expected $31.27 million, from $25.5 million in the same quarter the previous year. Net loss of $2.5 million was reported in Q1 2025, a 65.4% YoY improvement from $72.3 million. Earnings per share came in at -$0.15, exceeding the expected -$0.19.