Despite record-low renewable energy tariffs, several states have entered long-term thermal power purchase agreements at significantly higher tariffs of ₹5.38 (~$0.059)-₹7.27 (~$0.079)/kWh, reflecting concerns over supply security, baseload requirements, and renewable intermittency. In recent months, several states have signed multiple power purchase agreements for coal-based thermal power.

The U.S. Department of Commerce announced its preliminary determination of countervailing duties (CVD) of up to 125.87% on crystalline silicon solar cells, whether or not assembled into modules, imported from India. The preliminary duties were announced following an investigation after trade petitions were filed by the Alliance for American Solar Manufacturing and Trade last July.

Keltron Equipment Complex, a unit of the Kerala State Electronics Development Corporation, invited bids to set up a 1.5 MW rooftop solar project at the Kalyani Layer Farm under the West Bengal Livestock Development Corporation. The scope of work includes the design, engineering, installation, commissioning, and comprehensive maintenance. It also includes obtaining approvals, arranging transportation, and supplying all equipment and civil and electrical works.

NTPC Green Energy issued a request for proposal to set up green ammonia and green methanol projects at the Pudimadaka Green Hydrogen Hub in Andhra Pradesh. The ammonia and methanol projects will be assessed under Parcel A and Parcel M, respectively. Each parcel will receive up to 30 acres for project development. Bidders can submit proposals for a single parcel or for both parcels in separate applications. Those ranking first for both parcels will be awarded only one.

NTPC Vidyut Vyapar Nigam invited bids to develop 2.115 MW of grid-connected rooftop solar projects at the All India Institute of Medical Sciences (AIIMS) in Deoghar, Jharkhand; Gorakhpur, Uttar Pradesh; and Patna, Bihar. The total capacity of 2.115 MW will be installed across three sites: 897 kW at AIIMS Deoghar, 858 kW at AIIMS Gorakhpur, and 360 kW at AIIMS Patna.

Kolkata-based solar module manufacturer Vikram Solar secured an order for the supply of 378.75 MW of N-TOPCon modules for Indian Oil-NTPC Green Energy’s 600 MW solar project in Nakhatrana, Kutch district, Gujarat. Vikram will start supplying the modules in the current financial year.

POWERGRID Narela Transmission, a wholly owned subsidiary of Power Grid Corporation of India, commissioned the final interstate transmission system to evacuate 8.1 GW of power from solar energy zones in Rajasthan. The commissioning marks the completion of the infrastructure awarded as a part of national transmission planning for renewable integration under Phase II Part G. It will facilitate the evacuation of solar power through high-capacity 765 kV corridors and strengthen grid stability.

Clean energy solutions provider Clean Max Enviro Energy Solutions’ (CleanMax) ₹31 billion (~$340.92 million) initial public offering (IPO) was subscribed 0.94 times at the end of the bidding window on February 25, 2026. The price band was set at ₹1,000 (~$11) to ₹1,053 (~$12) per equity share with a face value of ₹1 (~$0.011). The IPO saw bids for 20.57 million shares out of the 21.8 million shares on offer.