Month in a Minute: Top Headlines from the Indian Renewable Sector in November 2025

TNGECL Invites Bids for 20 MW Rooftop Solar Projects on Government Buildings

MNRE Flags Solar Module Glut, Asks Lenders to Fund Upstream Manufacturing

Mahanadi Coalfields Issues EoI for 60 MWh BESS Project in Odisha

Rajasthan May Have 13 GW of Spare Grid Capacity for Renewables in FY 2026

Waaree Wins 288 MW Solar Module Supply Order in the US

UPERC Approves Tariffs for 129 MW Projects Under KUSUM

US Solar Companies Demand End to Permitting Moratorium

Diamond Power Bags ₹7.47 Billion Transmission Cable Order from Adani Green

Germany Awards 1.09 GW In Biomass and Rooftop Solar Auctions


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					</table><p><a href="https://www.pacedigitek.com/" target="_blank" rel="noopener">Pace Digitek</a> and <a href="https://bondada.net/" target="_blank" rel="noopener">Bondada Engineering</a> have won the Maharashtra State Power Generation Company’s (<a href="https://www.mahagenco.in/" target="_blank" rel="noopener">MAHAGENCO</a>) engineering, procurement, and construction auction for 300 MW solar projects, securing 200 MW and 100 MW, respectively.</p>
<p>The tender was floated on October 11, 2024.</p>
<p>The contract value for Pace Digitek is ₹9.3 billion (~$105 million) and for Bondada Engineering ₹4.65 billion (~$52.46 million).</p>
<p>The winning bidders must design, engineer, manufacture, demonstrate performance, and commission the solar projects. They must also provide operation and maintenance services for three years.</p>
<p>Each project must be at a single location with a minimum capacity of 50 MW.</p>
<p>The selected bidders must identify and arrange the project land and provide a power evacuation system for the projects up to the state transmission utility’s substation on a turnkey basis. They must also conduct the associated civil and electrical works and obtain the necessary licenses and permits.</p>
<p>Pace Digitek and Bondada Engineering must only use mono-crystalline solar cell modules compliant with the Approved List of Models and Manufacturers.</p>
<p>They must complete the projects within 450 days from the date of accepting the letters of award.</p>
<p>In October this year, the joint venture between MAHAGENCO and SJVN <a href="https://www.mercomindia.com/mahagenco-sjvn-jv-targets-735-mw-of-clean-energy-projects-in-first-phase" target="_blank" rel="noopener">targeted</a> developing 735 MW of renewable energy projects in the first phase of a 5 GW clean energy push in Maharashtra.</p>
<p>In the same month, Pace Digitek <a href="https://www.mercomindia.com/pace-digitek-bags-order-to-supply-1-2-gwh-bess-from-seci" target="_blank" rel="noopener">received</a> an order from Solar Energy Corporation of India to supply a 600 MW/1,200 MWh standalone grid-connected battery energy storage system in Andhra Pradesh.</p>
<p>Also in October, Bondada Engineering <a href="https://www.mercomindia.com/bondada-secures-order-2-gw-solar-project-andhra" target="_blank" rel="noopener">secured</a> a contract to develop a 2 GW solar project in Andhra Pradesh under the state’s Integrated Clean Energy Policy. It also <a href="https://www.mercomindia.com/bondada-secures-bos-equipment-order-from-adani-for-650-mw-solar-project/" target="_blank" rel="noopener">received</a> a letter of intent from the Adani Group to supply the balance of system equipment for a 650 MW solar project at the Khavda Renewable Energy Park, Gujarat.</p>


Pace Digitek, Bondada Win MAHAGENCO’s 300 MW Solar EPC Auction


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					</table><p>India <a href="https://www.mercomindia.com/indias-wind-energy-installations-up-105-yoy-in-q3-2025" target="_blank" rel="noopener">added</a> 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 2025. Quarter-over-quarter installations declined after the expiry of the waiver on interstate transmission system charges. Delays in grid connectivity, limited transmission capacity, and land acquisition challenges also contributed to the slowdown in project execution. The wind energy sector continued to face supply chain disruptions at both domestic and global levels.</p>
<p>The Madhya Pradesh Electricity Regulatory Commission (MPERC) <a href="https://www.mercomindia.com/mperc-drops-rpo-default-cases-after-power-ministrys-notification" target="_blank" rel="noopener">withdrawn</a> 65 suo motu petitions initiated against various obligated entities for non-compliance with renewable purchase obligation (RPO) targets. This move follows a notification issued by the Ministry of Power introducing the renewable consumption obligation framework that replaces state-level RPO mechanisms across India. Previously, MPERC had taken suo motu cognizance of several obligated entities ranging from distribution companies to open access consumers for failure to meet their RPO obligations under the existing Madhya Pradesh Electricity Regulatory Commission (Renewable Purchase Obligation and Compliance) Regulations.</p>
<p>The Uttar Pradesh Electricity Regulatory Commission (UPERC) <a href="https://www.mercomindia.com/uttar-pradesh-new-framework-captive-renewable-projects" target="_blank" rel="noopener">notified</a> the Captive and Renewable Energy Generating Plants Regulations, 2024, setting a comprehensive framework for renewable and captive generation in the state from April 1, 2024, to March 31, 2029. The regulations apply to renewable and captive renewable energy projects, including cogeneration-based systems. The draft regulations were issued in May this year. Solar projects may sell power through open access either to captive users or to third parties. Such sales will be subject to the UPERC Open Access Regulations, 2019, and the technical and commercial conditions prescribed therein.</p>
<p>Engineering, procurement, and construction company Bondada Engineering <a href="https://www.mercomindia.com/bondada-secures-order-2-gw-solar-project-andhra" target="_blank" rel="noopener">secured</a> a contract to develop a 2 GW solar project in Andhra Pradesh under the state’s Integrated Clean Energy Policy. The independent power producer mode project will be set up at an estimated cost of ₹90 billion (~$1.01 billion) across 9,000 acres in the Sri Sathya Sai and Ananthapuramu districts of Andhra Pradesh. The project is expected to be commissioned within 24 months. To execute the project, the company has incorporated a new special purpose vehicle, Greenbond RE Park, with Bondada Engineering owning a 51% stake. The company also noted that the 9,000 acres have already been mapped and that pooling has commenced.</p>
<p>Solar module manufacturer Waaree Energies <a href="https://www.mercomindia.com/waaree-secures-orders-for-692-mw-of-solar-modules-in-india-and-us" target="_blank" rel="noopener">secured</a> separate orders to supply 220 MW, 210 MW, and 140 MW of solar modules from undisclosed customers engaged in owning, developing, and operating renewable power projects in India. The company’s wholly owned subsidiary, Waaree Solar Americas, also received orders to supply 122 MW modules from a developer and owner-operator of utility-scale solar and energy storage projects across the U.S. Waaree said these orders will be completed by the financial years (FY) 2026 and FY 2027. The company’s manufacturing capacity comprises 18.7 GW of solar modules and 5.4 GW of solar cells. It has an order book of approximately 24 GW, worth approximately ₹470 billion (~$5.35 billion).</p>
<p>Solar module manufacturing and engineering, procurement, and construction company Pahal Solar will <a href="https://www.mercomindia.com/pahal-to-set-up-2-gw-solar-cell-and-aluminum-frame-facilities-in-gujarat" target="_blank" rel="noopener">set</a> up a 2 GW solar cell and a 2 GW aluminum frame manufacturing facility in Surat, Gujarat. The company stated that the facilities’ AI-based precision and analytics systems will enhance manufacturing efficiency, consistency, and product quality. Both facilities are expected to be commissioned by late 2026. Pahal Solar has a solar module manufacturing capacity of 2.4 GW and a ribbon and busbar production capacity of 2 GW.</p>
<p>Spain’s total installed solar capacity <a href="https://www.mercomindia.com/spains-cumulative-installed-solar-capacity-crossed-40-gw-in-2024" target="_blank" rel="noopener">reached</a> 40,294 MW at the end of 2024, according to the Spanish Solar Photovoltaic Association’s (UNEF) annual report. In 2024, Spain added 7.2 GW of new solar capacity, making it the second-largest solar market in Europe, after Germany. The solar capacity additions largely comprised captive and ground-mounted projects. According to the report, globally, the European Union held the second-largest solar installations in 2024 after China, supported by established markets such as Germany, Italy, and France. However, Spain only added 6,039 MW of ground-mounted solar projects in 2024, a 1.47% drop from 2023. New captive solar project additions also declined by 31% in 2024, with 1,182 MW installed during the year.</p>
<p>Romania’s Ministry of Energy <a href="https://www.mercomindia.com/romania-launches-third-cfd-auction-for-290-mw-of-onshore-wind-projects" target="_blank" rel="noopener">launched</a> the third contracts for difference (CfD) auction for 290 MW of onshore wind energy projects. Bids must be submitted by November 14, 2025. The successful bidders will be announced on December 3. The maximum strike price for the auction has been set at €80 (~$93.13) per MWh. Successful bidders or special purpose vehicles set up by them must provide a performance bond of €75,000 (~$87,307.50)/MW. The projects must be commissioned within 36 months from the signing of the CfD contract. The third CfD auction, which will grant operating aid for new onshore wind energy projects, is part of Romania’s broader effort to accelerate renewable energy deployment and ensure price stability for clean power producers.</p>
<p>China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation <a href="https://www.mercomindia.com/rise-in-polysilicon-prices-drives-daqos-revenue-up-23-in-q3-2025" target="_blank" rel="noopener">posted</a> a revenue of $244.6 million in Q3 of 2025, up 23% YoY from $198.5 million. It beat analysts’ revenue expectations by $67.82 million. The increase in revenue has been attributed to a rise in sales volume and average selling price (ASP). Its net loss declined 75.4% to $14.9 million in Q3 2025, from $60.7 million in the same quarter last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $45.8 million, from an EBITDA loss of $34.3 million in the same quarter of the previous year.</p>


Daily News Wrap-Up: India’s Wind Capacity Rose 105% YoY in Q3 2025


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					</table><p>Engineering, procurement, and construction company <a href="https://bondada.net/" target="_blank" rel="noopener">Bondada Engineering</a> has secured a contract to develop a 2 GW solar project in Andhra Pradesh under the state’s Integrated Clean Energy Policy.</p>
<p>The independent power producer mode project will be set up at an estimated cost of ₹90 billion (~$1.01 billion) across 9,000 acres in the Sri Sathya Sai and Ananthapuramu districts of Andhra Pradesh.</p>
<p>The project is expected to be commissioned within 24 months.</p>
<p>To execute the project, the company has incorporated a new special purpose vehicle, Greenbond RE Park, with Bondada Engineering owning a 51% stake. The company also noted that the 9,000 acres have already been mapped and that pooling has commenced.</p>
<p>The company had submitted a detailed proposal to establish the solar power project, which the State Investment Promotion Board approved in May 2025.</p>
<p>The Andhra Pradesh government <a href="https://www.mercomindia.com/andhra-pradesh-clean-energy-policy-targets/" target="_blank" rel="noopener">aims</a> to add over 160 GW of renewable energy capacity and attract investments worth approximately ₹10 trillion (~$118.95 billion) under the Integrated Clean Energy Policy. The target includes 78.5 GW of solar, 35 GW of wind, and 25 GW of battery energy storage systems, along with other technologies.</p>
<p>The capacity additions under the policy have been planned for Andhra Pradesh DISCOMs’ procurement, export of power to other states, and also to meet commercial and industrial consumption under the open access route.</p>
<p>Recently, Bondada Engineering <a href="https://www.mercomindia.com/bondada-secures-bos-equipment-order-from-adani-for-650-mw-solar-project/" target="_blank" rel="noopener">received</a> a letter of intent from the Adani Group to supply the balance of system equipment for a 650 MW solar project at the Khavda Renewable Energy Park, Gujarat. The contract’s estimated cost is ₹10.5 billion (~$119.5 million).</p>
<p>In June this year, Bondada was among the <a href="https://www.mercomindia.com/nlc-bondada-oriana-win-tngecls-500-mw-1000-mwh-bess-auction" target="_blank" rel="noopener">winners</a> of Tamil Nadu Green Energy Corporation’s auction to set up 500 MW/1,000 MWh standalone battery energy storage system (BESS) projects in six locations in Tamil Nadu on a build-own-operate basis. It won a capacity of 200 MW/400 MWh at a tariff of ₹246,000 (~$2,856.81)/MW/month.</p>
<p>In March, Bondada was one of the <a href="https://www.mercomindia.com/bondada-oriana-and-pace-win-telanganas-250-mw-500-mwh-bess-auction" target="_blank" rel="noopener">winners</a> of Telangana Power Generation Corporation’s auction to set up 250 MW/500 MWh standalone BESS in the state, winning 50 MW/100 MWh each at a tariff of ₹240,347 (~$ 2,804.84)/MW/month.</p>
<p>Last December, Bondada <a href="https://www.mercomindia.com/bondada-engineering-solar-streetlights-project-in-bihar" target="_blank" rel="noopener">secured</a> a work order worth ₹1.08 billion (~$12.8 million) from the Bihar Renewable Energy Development Agency for a large-scale solar streetlight initiative. The project entailed designing, supplying, installing, testing, and commissioning smart solar streetlight systems on existing electric poles across rural Bihar.</p>


Bondada Engineering Secures Order for 2 GW Solar Project in Andhra Pradesh


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					</table><p>Engineering, procurement, and construction company <a href="https://bondada.net/" target="_blank" rel="noopener">Bondada Engineering</a> has received a letter of intent from the <a href="https://www.adani.com/" target="_blank" rel="noopener">Adani Group</a> to supply balance of system (BoS) equipment for a 650 MW solar project at the Khavda Renewable Energy Park, Gujarat.</p>
<p>The contract’s estimated cost is ₹10.5 billion (~$119.5 million).</p>
<p>The scope of work for Bondada entails the design, engineering, manufacturing, procurement, quality assurance, and delivery of materials. It also involves providing on-site services, testing, and commissioning of free-issue materials.</p>
<p>Additionally, Bondada will be conducting the civil, mechanical, electrical, and structural works required for the project’s commissioning.</p>
<p>The company must complete the project within one year.</p>
<p>Bondada Engineering operates in the telecom, renewable energy, railways, and data center sectors. According to its financial report for the first quarter of the financial year 2026, the company has earned a cumulative revenue of ₹45.63 billion (~$519.15 million) since its inception in 2012.</p>
<p>The company is implementing a 2 GW independent power producer solar project in Andhra Pradesh, valued at ₹90 billion (~$1.02 billion).</p>
<p>In June this year, Bondada was among the <a href="https://www.mercomindia.com/nlc-bondada-oriana-win-tngecls-500-mw-1000-mwh-bess-auction" target="_blank" rel="noopener">winners</a> of Tamil Nadu Green Energy Corporation’s auction to set up 500 MW/1,000 MWh standalone battery energy storage system (BESS) projects in six locations in Tamil Nadu on a build-own-operate basis. It won a capacity of 200 MW/400 MWh at a tariff of ₹246,000 (~$2,856.81)/MW/month.</p>
<p>In March, Bondada was one of the <a href="https://www.mercomindia.com/bondada-oriana-and-pace-win-telanganas-250-mw-500-mwh-bess-auction" target="_blank" rel="noopener">winners</a> of Telangana Power Generation Corporation’s auction to set up 250 MW/500 MWh standalone BESS in the state, winning 50 MW/100 MWh each at a tariff of ₹240,347 (~$ 2,804.84)/MW/month.</p>
<p>In December last year, Bondada <a href="https://www.mercomindia.com/bondada-engineering-solar-streetlights-project-in-bihar" target="_blank" rel="noopener">secured</a> a work order worth ₹1.08 billion (~$12.8 million) from the Bihar Renewable Energy Development Agency for a large-scale solar streetlight initiative. The project entailed designing, supplying, installing, testing, and commissioning smart solar streetlight systems on existing electric poles across rural Bihar. The contract also includes a five-year comprehensive maintenance contract and the implementation of remote monitoring systems.</p>


Bondada Secures BoS Equipment Order from Adani for 650 MW Solar Project


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					</table><p><a href="https://bondada.net/" target="_blank" rel="noopener">Bondada Engineering</a>, an infrastructure engineering, procurement, and construction (EPC) company, has won the EPC contract from Singareni Collieries Company (<a href="https://scclmines.com/scclnew/index.asp" target="_blank" rel="noopener">SCCL</a>) for a 67.5 MW solar power project in the Mandamarri area in Telangana.</p>
<p>The scope of the contract includes the design, engineering, supply, construction, erection, testing, and commissioning of the project, along with setting up the 220 kV transmission system. Bondada will also be responsible for the project’s operation and maintenance for ten years.</p>
<p>The company quoted a gross order value of ₹4.34 billion (~$52.20 million) to win the contract and was recently granted the letter of intent.</p>
<p>SCCL, a coal mining company owned by the Government of Telangana and the Government of India, had <a href="https://www.mercomindia.com/singareni-collieries-invites-solar-projects-in-telangana" target="_blank" rel="noopener">floated</a> the tender for the three projects in September 2023 for 67.5 MW, 134.5 MW, and 30 MW.</p>
<p>The 134.5 MW project would be spread across four SCCL sites: the Kothagudem area (32.5 MW), the Sri Rampur area (27.5 MW), the STPP area (37.5 MW), and the Ramgundam-3 Area (37 MW, comprising 20 MW ground-based and 17 MW OB dump-based).</p>
<p>The 30 MW project would be distributed across three SCCL sites: the Yellandu area (15 MW), the Bhupalapalli area (10 MW), and the Ramgundam-1 area (5 MW).</p>
<p>Solar cells and modules for the projects must be obtained exclusively from manufacturers listed in List-I (solar photovoltaic modules) of the most recent Approved List of Models and Modules order issued by the Ministry of New and Renewable Energy.</p>
<p>The Ministry of Coal, under its net-zero electricity consumption plan for coal/lignite public sector undertakings, has <a href="https://www.mercomindia.com/indian-coal-sector-targets-9-gw-renewable-2030">set</a> a renewable energy target of 9 GW in the coal sector by 2030 from the present 1.75 GW.</p>
<p>According to the Ministry, the total solar capacity installed by leading coal companies like Coal India, NLC India, and SCCL is 1,700 MW, and the wind capacity is 51 MW.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real-time.</p>


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