In the first quarter (Q1) of 2026, government agencies issued nearly 6 GW of solar tenders, a 68% year-over-year decrease from 17 GW but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet been specified, the Ministry of New and Renewable Energy (MNRE) has set a target to install 50 GW of renewable energy capacity in the coming year, including a minimum of 10 GW of wind projects.

MNRE discontinued the provision that allowed installation submissions containing duplicate entries of solar module or inverter serial numbers to be submitted based on a vendor undertaking under PM Surya Ghar: Muft Bijli Yojana. The Ministry reviewed the provision and decided that vendor installation submissions for applications containing repeated solar module or inverter serial numbers will not be allowed, based on a vendor undertaking for all new applications submitted after May 26, 2026.

The Gujarat Electricity Regulatory Commission allowed Gujarat Urja Vikas Nigam’s request to modify the bid documents and the draft power purchase agreement for procuring firm and dispatchable renewable energy with energy storage. The approved deviations cover force majeure, changes in law, bid capacity allocation, excess power treatment, delivery point, transmission risk, project monitoring, demand fulfillment ratio, certification, compliance with the Approved List of Models and Manufacturers, and technical requirements.

Private equity firm, FH Capital, entered into a definitive agreement to acquire a 75.1% stake in China-based solar module and cell manufacturer, JinkoSolar’s U.S. subsidiary. Post-acquisition, JinkoSolar will hold a 24.9% minority stake in its U.S. subsidiary, Jinko Solar Industries. The company did not disclose the cost of acquisition.

Hyderabad-based Premier Energies and Syrma SGS Technology decided not to proceed with the proposed acquisition of K-Solare Energy, an inverter manufacturer, through a joint venture. Premier Energies said the decision followed mutual discussions and an evaluation of ‘evolving strategic considerations’. The company said the parties had agreed to terminate discussions with K-Solare amicably and that there were no material financial implications arising from the decision.

NHPC issued a request for selection to set up 13.255 MW of grid-connected rooftop solar projects across Sikkim, Manipur, and Nagaland. Selected bidders will install 5,060 kW of solar projects in Sikkim, 5,627 kW in Manipur, and 2,568 kW in Nagaland.

Mumbai-based solar glass manufacturer Borosil Renewables reported revenue of ₹4.4 billion (~$46.24 million) in Q4 of the financial year 2026, increasing 17.77% from ₹3.74 billion (~$39.26 million) a year ago. Its profit after tax stood at ₹1.69 billion (~$17.78 million), against a net loss of ₹295.29 million (~$3.10 million) in the same quarter last year.

Accelerated deployment of solar systems combined with battery energy storage systems offers the fastest and most cost-effective pathway for the European Union to reach its 2030 climate and renewable energy targets, according to a SolarPower Europe report. The report states that the challenge facing the EU is no longer technological but rather about how the system is set up and regulated, requiring reforms to grid planning, electrification, flexibility markets, storage deployment, and electricity market design.