Jakson Green, Tata Power Solar, Hartek Group, L&T Construction, and Sterling and Wilson Renewable Energy emerged as the top utility-scale solar engineering, procurement, and construction (EPC) service providers in 2024, according to Mercom’s recently released India Solar Market Leaderboard 2025 Report. Jakson Green was the leading EPC player with a market share of 20%, followed by Tata Power Solar with 13%. Hartek Group, L&T Construction, and Sterling and Wilson Renewable Energy rounded off the top five. The top five utility-scale solar EPC service providers accounted for 48% of the market share.

Adani Energy Solutions bagged REC Power Development and Consultancy’s (RECPDCL) transmission project to evacuate 1.5 GW of power from pumped storage projects near Talegaon, Maharashtra. The project also includes the establishment of a substation of 3,000 MVA capacity. Adani Energy won the project quoting ₹16.6 billion (~$194.26 million) and transmission charges of ₹2.21 billion (~$25.86 million). Power Grid Corporation of India and Resonia (formerly Sterlite Grid 32) had also qualified for the technical bid round.

The Ministry of New and Renewable Energy is introducing changes to the Guidelines for Small Hydro Power Schemes, initially published in 2009 and amended in 2014, to address the challenges faced by stakeholders in the small hydropower sector. The amendments cover receiving the Central Finance Assistance and the grace period for project commissioning. The changes will apply to all projects approved under the program after the 2014 amendment.

Switching to solar, Saroga Woods homestay saved ₹200,000 (~$2,326) in electricity bills over the past five years. With their homestay nestled in the hills of Himachal Pradesh, surrounded by pine trees and the Himalayas, adopting a nature-friendly lifestyle was a way of life for Kartik and Anuradha Kanwar Budhraja. When building their current residence and the Saroga Woods homestay, minimizing their carbon footprint was at the top of their list. In line with their commitment and troubled by frequent power cuts, the couple switched to clean energy.

By utilizing the rooftop space to install solar power systems, snacks manufacturer Prabhuji Pure Food, a vertical of Haldiram’s, saved nearly ₹4.38 million (~$51,214) annually over the past three years. The company installed rooftop solar projects to reduce its reliance on non-renewable energy sources. The solar energy is utilized to power its snacks manufacturing plants in Kolkata. With rising electricity tariffs, Prabhuji sought an alternative and cheaper source of energy, eventually considering solar energy.

The Ministry of New and Renewable Energy, through the National Institute of Solar Energy (MNRE) issued a call for proposals for innovative project components under PM Surya Ghar: Muft Bijli Yojana. The initiative aims to promote innovation in rooftop solar technology and business models. MNRE had introduced a ₹5 billion (~$59.7 million) innovative projects component as part of the PM Surya Ghar program. The program focuses on showcasing and demonstrating innovative solar technologies, with objectives that include proof-of-concept pilots, deployment of cutting-edge solar integration tools, and the adoption of advanced tools for grid management by distribution companies.

SAEL Solar MHP, a subsidiary of SAEL Industries, secured debt finance of $132 million from the Asian Infrastructure Investment Bank, the New Development Bank, and Societe Generale to develop a 300 MW solar power project in Andhra Pradesh. Each institution has committed $44 million in debt to the company’s project, which was awarded by the Solar Energy Corporation of India. The funds will be utilized towards the execution and operationalization of the project.

Wind turbine manufacturer Suzlon Energy recorded a net profit of ₹11.81 billion (~$138.22 million) in the fourth quarter of the financial year 2025, increasing approximately 377% year-over-year from ₹2.54 billion (~$29.7 million). The company’s revenue from operations stood at ₹37.73 billion (~$441.6 million), up 73% from ₹21.79 billion (~$255.06 million) during the same period of the previous year.

Germany’s Federal Network Agency floated a tender to set up 2.26 GW of ground-mounted solar power projects. The last date to submit bids is July 1, 2025. The tender has a bid tariff cap of €0.068 (~$0.0769)/kWh. Bids can be submitted for projects on arable land and grasslands in disadvantaged areas. Regarding bids for ground-mounted solar systems on agricultural land, there is a rider. If the ground-mounted installations on agricultural land registered in the market master data register up to three months before the bidding date are more than the installed capacity of 80 GW, commissioned from 1 January 2023, bids will not be accepted.

Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, received an order to supply 586 MW of solar modules for $176 million from a U.S.-based utility-scale solar and energy storage projects developer and operator. The module supply is scheduled to commence from the financial year 2027. Waaree Solar Americas operates a manufacturing facility with a total capacity of 3.2 GW, of which 1.6 GW is currently operational and the remaining 1.6 GW is under development.